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REGISTERED NUMBER: 02427692 (England and Wales)














Financial Statements

for the Year Ended 31 May 2024

for

Support Revolution Holdings Limited

Support Revolution Holdings Limited (Registered number: 02427692)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Support Revolution Holdings Limited

Company Information
for the Year Ended 31 May 2024







DIRECTOR: Mr M J Smith





SECRETARY: Mrs F C Smith





REGISTERED OFFICE: 5-6 Rivermead
Pipers Way
Thatcham
Berkshire
RG19 4EP





REGISTERED NUMBER: 02427692 (England and Wales)





AUDITORS: Ward Goodman Audit Services Limited
Statutory Auditor
4 Cedar Park
Cobham Road
Ferndown Industrial Estate
Wimborne
Dorset
BH21 7SF

Support Revolution Holdings Limited (Registered number: 02427692)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 437,294 437,214

CURRENT ASSETS
Cash at bank 30,244 11,009

CREDITORS
Amounts falling due within one year 5 64,070 63,990
NET CURRENT LIABILITIES (33,826 ) (52,981 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

403,468

384,233

CAPITAL AND RESERVES
Called up share capital 3,224 3,224
Share premium 183,450 183,450
Retained earnings 216,794 197,559
403,468 384,233

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 February 2025 and were signed by:





Mr M J Smith - Director


Support Revolution Holdings Limited (Registered number: 02427692)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Support Revolution Holdings 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.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Financial Instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Support Revolution Holdings Limited (Registered number: 02427692)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 June 2023 437,214
Additions 80
At 31 May 2024 437,294
NET BOOK VALUE
At 31 May 2024 437,294
At 31 May 2023 437,214

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Support Revolution Limited
Registered office: 5-6 Rivermead, Piper Way, Thatcham, Berkshire, United Kingdom
Nature of business: IT Support Services
%
Class of shares: holding
Ordinary 100.00
2024 2023
£    £   
Aggregate capital and reserves 552,309 373,010
Profit for the year 1,981,244 1,482,124

Support Revolution FZE
Registered office: Standard Chartered Tower, Level 5 Emaar Square Downtown, Burj Khalifa Dubai, United Arab Emirates
Nature of business: IT Support Services
%
Class of shares: holding
Ordinary 100.00
2024 2023
£    £   
Aggregate capital and reserves 13,900 32,058
Loss for the year (17,410 ) (38,297 )

Support Revolution Holdings Limited (Registered number: 02427692)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. FIXED ASSET INVESTMENTS - continued

Support Revolution Private Limited
Registered office: 52 B/53 A, 1st Floor, Block-UA Jawahar Nagar, New Delhi, India
Nature of business: IT Support Services
%
Class of shares: holding
Ordinary 99.99
2024 2023
£    £   
Aggregate capital and reserves 10,939 (204,710 )
Profit/(loss) for the year 215,209 (108,550 )

Support Revolution Inc
Registered office:
Nature of business: IT Support Revolution
%
Class of shares: holding
Ordinary 100.00
2024
£   
Aggregate capital and reserves (15,702 )
Loss for the year (15,622 )

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 63,796 63,716
Other creditors 274 274
64,070 63,990

6. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

I M Rodd BSc FCA FCCA (Senior Statutory Auditor)
for and on behalf of Ward Goodman Audit Services Limited

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr M J Smith.