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REGISTERED NUMBER: 09738775 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 30 September 2024

for

SEVEN CAPITAL (GC) LIMITED

SEVEN CAPITAL (GC) LIMITED (REGISTERED NUMBER: 09738775)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


SEVEN CAPITAL (GC) LIMITED

Company Information
for the Year Ended 30 September 2024







DIRECTOR: Balbinder Sohal





REGISTERED OFFICE: 97 Park Lane
Mayfair
London
W1K 7TG





REGISTERED NUMBER: 09738775 (England and Wales)





ACCOUNTANTS: Brindleys Limited
2 Wheeleys Road
Edgbaston
Birmingham
West Midlands
B15 2LD

SEVEN CAPITAL (GC) LIMITED (REGISTERED NUMBER: 09738775)

Statement of Financial Position
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 20 20
Investment property 5 31,289,173 28,000,000
31,289,193 28,000,020

CURRENT ASSETS
Debtors 6 10,224,303 9,835,472
Cash at bank and in hand 28,759 50,184
10,253,062 9,885,656
CREDITORS
Amounts falling due within one year 7 5,502,216 4,894,628
NET CURRENT ASSETS 4,750,846 4,991,028
TOTAL ASSETS LESS CURRENT
LIABILITIES

36,040,039

32,991,048

CREDITORS
Amounts falling due after more than one year 8 (23,922,077 ) (20,431,034 )

PROVISIONS FOR LIABILITIES 10 (2,364,298 ) (2,405,693 )
NET ASSETS 9,753,664 10,154,321

CAPITAL AND RESERVES
Called up share capital 11 1 1
Retained earnings 12 9,753,663 10,154,320
SHAREHOLDERS' FUNDS 9,753,664 10,154,321

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

SEVEN CAPITAL (GC) LIMITED (REGISTERED NUMBER: 09738775)

Statement of Financial Position - continued
30 September 2024


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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 February 2025 and were signed by:





Balbinder Sohal - Director


SEVEN CAPITAL (GC) LIMITED (REGISTERED NUMBER: 09738775)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Seven Capital (GC) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

SEVEN CAPITAL (GC) LIMITED (REGISTERED NUMBER: 09738775)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. FIXED ASSET INVESTMENTS
Unlisted
investments
£   
COST
At 1 October 2023
and 30 September 2024 20
NET BOOK VALUE
At 30 September 2024 20
At 30 September 2023 20

Investments includes the purchased share capital of the following companies:

Seven Capital (Summer Hill) Ltd - 10 B Ordinary Shares
Seven Capital (Harborne) Ltd - 10 B Ordinary Shares

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023 28,000,000
Additions 3,289,173
At 30 September 2024 31,289,173
NET BOOK VALUE
At 30 September 2024 31,289,173
At 30 September 2023 28,000,000

Fair value at 30 September 2024 is represented by:
£   
Valuation in 2023 9,536,272
Cost 21,752,901
31,289,173

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 240,000
Other debtors 10,199,830 9,259,830
VAT 23,985 332,560
Prepayments 488 3,082
10,224,303 9,835,472

SEVEN CAPITAL (GC) LIMITED (REGISTERED NUMBER: 09738775)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 144,814 146,021
Amounts owed to group undertakings 3,666,623 3,291,623
Other creditors 1,687,279 1,453,734
Accrued expenses 3,500 3,250
5,502,216 4,894,628

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other loans (see note 9) 23,922,077 20,431,034

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 10,323,554 9,926,803

9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due between two and five years:
Other loans - 2-5 years 13,598,523 10,504,231

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 10,323,554 9,926,803

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 2,364,298 2,405,693

Deferred
tax
£   
Balance at 1 October 2023 2,405,693
Provided during year (41,395 )
Balance at 30 September 2024 2,364,298

SEVEN CAPITAL (GC) LIMITED (REGISTERED NUMBER: 09738775)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary 1 1 1

12. RESERVES
Retained
earnings
£   

At 1 October 2023 10,154,320
Deficit for the year (400,657 )
At 30 September 2024 9,753,663

13. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Balbinder Sohal.