S-VENTURES ACQUISITIONS LTD

Company Registration Number:
14458432 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 2 November 2022

End date: 31 December 2023

S-VENTURES ACQUISITIONS LTD

Contents of the Financial Statements

for the Period Ended 31 December 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

S-VENTURES ACQUISITIONS LTD

Directors' report period ended 31 December 2023

The directors present their report with the financial statements of the company for the period ended 31 December 2023

Principal activities of the company

The company was incorporated on 2nd November 2022 and acquired 100% of the share capital of Juvela Limited (formerly Hero UK Limited) on 15th December 2022. The company continues to act as a holding company.

Additional information

The directors are pleased to enclose the consolidated group accounts of the company, incorporating Juvela Limited for the period ended 31st December 2023.



Directors

The director shown below has held office during the period of
31 August 2023 to 31 December 2023

Stephen Argent


The directors shown below have held office during the whole of the period from
2 November 2022 to 31 December 2023

Scott Livingston
Robert Hewitt


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
15 April 2025

And signed on behalf of the board by:
Name: Stephen Argent
Status: Director

S-VENTURES ACQUISITIONS LTD

Profit And Loss Account

for the Period Ended 31 December 2023

14 months to 31 December 2023


£
Turnover: 8,010,525
Cost of sales: ( 1,872,352 )
Gross profit(or loss): 6,138,173
Administrative expenses: ( 4,771,560 )
Operating profit(or loss): 1,366,613
Interest receivable and similar income: 5,148
Interest payable and similar charges: ( 830,014 )
Profit(or loss) before tax: 541,747
Tax: ( 466,522 )
Profit(or loss) for the financial year: 75,225

S-VENTURES ACQUISITIONS LTD

Balance sheet

As at 31 December 2023

Notes 14 months to 31 December 2023


£
Called up share capital not paid: 0
Fixed assets
Intangible assets: 3 5,775,094
Tangible assets: 4 877,972
Total fixed assets: 6,653,066
Current assets
Stocks: 5 695,384
Debtors: 6 2,003,339
Cash at bank and in hand: 204,825
Investments:   0
Total current assets: 2,903,548
Prepayments and accrued income: 114,079
Creditors: amounts falling due within one year: 7 ( 4,520,786 )
Net current assets (liabilities): (1,503,159)
Total assets less current liabilities: 5,149,907
Creditors: amounts falling due after more than one year: 8 ( 4,531,440 )
Provision for liabilities: ( 193,597 )
Accruals and deferred income: ( 349,545 )
Total net assets (liabilities): 75,325
Capital and reserves
Called up share capital: 100
Share premium account: 0
Other reserves: 0
Profit and loss account: 75,225
Total Shareholders' funds: 75,325

The notes form part of these financial statements

S-VENTURES ACQUISITIONS LTD

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 15 April 2025
and signed on behalf of the board by:

Name: Stephen Argent
Status: Director

The notes form part of these financial statements

S-VENTURES ACQUISITIONS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

    Turnover policy

    The turnover of Juvela Limited represents amounts invoiced in respect of products sold during the period, excluding value added tax.

    Tangible fixed assets depreciation policy

    Depreciation is calculated so as to write off the cost less the estimated residual value of tangible fixed assets over their estimated useful economic lives as follows: Computers - Straight line - 3-5 years Plant and machinery - Straight line - 5-10 years

    Intangible fixed assets amortisation policy

    Intangible assets are amortised on a straight-line basis over their useful life. The carrying value of intangible assets is reviewed for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable. Any impairment is charged to the income statement.

S-VENTURES ACQUISITIONS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    14 months to 31 December 2023
    Average number of employees during the period 32

S-VENTURES ACQUISITIONS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Intangible assets

Goodwill Other Total
Cost £ £ £
Additions 1,143,194 1,143,194
Disposals
Revaluations
Transfers 8,566,000 8,566,000
At 31 December 2023 9,709,194 9,709,194
Amortisation
Charge for year 884,728 884,728
On disposals
Other adjustments 3,049,372 3,049,372
At 31 December 2023 3,934,100 3,934,100
Net book value
At 31 December 2023 5,775,094 5,775,094

S-VENTURES ACQUISITIONS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
Additions
Disposals
Revaluations
Transfers 2,206,013 2,206,013
At 31 December 2023 2,206,013 2,206,013
Depreciation
Charge for year 273,242 273,242
On disposals
Other adjustments 1,054,799 1,054,799
At 31 December 2023 1,328,041 1,328,041
Net book value
At 31 December 2023 877,972 877,972

S-VENTURES ACQUISITIONS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Stocks

14 months to 31 December 2023
£
Stocks 695,384
Total 695,384

S-VENTURES ACQUISITIONS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

6. Debtors

14 months to 31 December 2023
£
Trade debtors 1,564,227
Other debtors 439,112
Total 2,003,339

S-VENTURES ACQUISITIONS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

7. Creditors: amounts falling due within one year note

14 months to 31 December 2023
£
Bank loans and overdrafts 1,000,000
Trade creditors 393,894
Taxation and social security 39,661
Other creditors 3,087,231
Total 4,520,786

S-VENTURES ACQUISITIONS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

8. Creditors: amounts falling due after more than one year note

14 months to 31 December 2023
£
Bank loans and overdrafts 4,531,440
Total 4,531,440