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REGISTERED NUMBER: 12218335 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

SVSV INVESTMENTS LIMITED

SVSV INVESTMENTS LIMITED (REGISTERED NUMBER: 12218335)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 October 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SVSV INVESTMENTS LIMITED

COMPANY INFORMATION
for the year ended 31 October 2023







DIRECTORS: V Sharma
S Sharma





SECRETARY: V Suresh





REGISTERED OFFICE: 5 Weddell Way
Brackmills Industrial Estate
Northampton
NN4 7HS





REGISTERED NUMBER: 12218335 (England and Wales)





ACCOUNTANTS: Magma Audit LLP
Magma House
16 Davy Court
Castle Mound Way
Rugby
CV23 0UZ

SVSV INVESTMENTS LIMITED (REGISTERED NUMBER: 12218335)

BALANCE SHEET
31 October 2023

2023 2022
Notes £    £   
FIXED ASSETS
Investments 4 51,000 51,000

CURRENT ASSETS
Debtors 5 1,690,135 -
Cash at bank 11,379 -
1,701,514 -
CREDITORS
Amounts falling due within one year 6 (1,706,848 ) (7,160 )
NET CURRENT LIABILITIES (5,334 ) (7,160 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

45,666

43,840

CAPITAL AND RESERVES
Called up share capital 7 51,000 51,000
Retained earnings (5,334 ) (7,160 )
SHAREHOLDERS' FUNDS 45,666 43,840

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 July 2024 and were signed on its behalf by:





V Sharma - Director


SVSV INVESTMENTS LIMITED (REGISTERED NUMBER: 12218335)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 October 2023


1. STATUTORY INFORMATION

SVSV Investments Limited is a limited company, limited by shares, registered in England and Wales. Its registered office address is 5 Weddell Way, Brackmills Industrial Estate, Northampton, NN4 7HS and the registered number is 12218335.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are prepared in sterling (£), which is the functional and presentational currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Going concern
At the year end, the company had net current liabilities of £5,334 (2022: £7,160). The directors deem the company to be a going concern as they have reviewed the forecasts of the investments they hold and anticipate future profitability.

Preparation of consolidated financial statements
The financial statements contain information about SVSV Investments Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
- the amount of revenue can be measured reliably;
- it is probable that the company will receive the consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be measured reliably; and
- the cost incurred and the costs to complete the contract can be measured reliably

Investments in subsidiaries
Investment in the subsidiary company is held at cost less accumulated impairment losses.

Financial instruments
(i) Financial assets

Basic financial assets, including trade and other debtors, cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest rate method.

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.


SVSV INVESTMENTS LIMITED (REGISTERED NUMBER: 12218335)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 October 2023


2. ACCOUNTING POLICIES - continued
Taxation
The tax expense for the year comprises current and deferred tax.

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:
- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Both current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Foreign currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Exchange differences are recognised in administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 November 2022
and 31 October 2023 51,000
NET BOOK VALUE
At 31 October 2023 51,000
At 31 October 2022 51,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 1,690,135 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 7,873 -
Other creditors 1,695,810 4,475
Directors' current accounts 1,484 1,004
Accruals and deferred income 1,681 1,681
1,706,848 7,160

SVSV INVESTMENTS LIMITED (REGISTERED NUMBER: 12218335)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 October 2023


7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
35,700 Ordinary A 1 35,700 35,700
15,300 Ordinary B 1 15,300 15,300
51,000 51,000

8. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

At 31 October 2023, the company was owed £1,690,135 (2022: £Nil) by a non-wholly owned subsidiary. Interest totalling £14,852 (2022: £Nil) was receivable in the year.

At 31 October 2023, the company owed £1,690,135 (2022: £Nil) to a company under common directorships. Interest totalling £14,852 (2022: £Nil) was payable in the year.

Interest on the above loans is charged at 1.75% per annum.

9. POST BALANCE SHEET EVENTS

On 20 December 2023, the company novated the loans back to the original parties. The debtor of £1,690,135 due from a non-wholly owned subsidiary and the creditors of £1,690,135 due to a company under common directorship were novated in full.