| REGISTERED NUMBER: |
| Financial Statements for the Year Ended 31 December 2024 |
| for |
| Symvan Capital Limited |
| REGISTERED NUMBER: |
| Financial Statements for the Year Ended 31 December 2024 |
| for |
| Symvan Capital Limited |
| Symvan Capital Limited (Registered number: 08772369) |
| Contents of the Financial Statements |
| for the Year Ended 31 December 2024 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 3 |
| Symvan Capital Limited |
| Company Information |
| for the Year Ended 31 December 2024 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| SENIOR STATUTORY AUDITOR: |
| AUDITORS: |
| 2nd Floor |
| 10-12 Bourlet Close |
| London |
| W1W 7BR |
| Symvan Capital Limited (Registered number: 08772369) |
| Statement of Financial Position |
| 31 December 2024 |
| 31.12.24 | 31.12.23 |
| Notes | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 5 |
| Investments | 6 |
| CURRENT ASSETS |
| Debtors | 7 |
| Prepayments and accrued income |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 8 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 9 | ( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 10 |
| Share premium |
| Non-dist revenue reserve |
| Non-dist fair value reserve | 11 |
| Retained earnings |
| SHAREHOLDERS' FUNDS | 14 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| Symvan Capital Limited (Registered number: 08772369) |
| Notes to the Financial Statements |
| for the Year Ended 31 December 2024 |
| 1. | STATUTORY INFORMATION |
| Symvan Capital Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| These financial statements have been prepared in accordance with the provisions of Section 1A ''Small Entities'' of Financial Reporting Standard 102'' The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006. |
| The Directors have, at the time of approving the financial statements, confidence that the Company has adequate resources to continue in operational existence for the foreseeable future. The Directors have considered the risk caused by the COVID-19 pandemic and although they anticipate disruption to trade, they are confident that they have enough resources available to support the Company for the foreseeable future. More detail is provided in the notes to the financial statements. Based on the above they continue to adopt the going concern basis of accounting in preparing the financial statements. |
| The financial statements cover the individual entity, are presented in sterling which is the functional currency of the company and are not rounded. The significant accounting policies applied in the preparation of these financial statements are set out below.The financial statements have been prepared under the historical cost convention. |
| Turnover |
| Turnover represents net value of investment and fund management fees following investments made by SEIS & EIS Alternative Investment Funds that are managed by the company, and directors fees (where applicable) on an annual basis. Revenue from investment activity is recognised on the basis of the completion of the investment. Where an investment activity has been partially completed at the balance sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the investment at the balance sheet date. |
| Tangible fixed assets |
| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
| Fixtures fitting & equipments etc - 33% on cost |
| Computer equipment - 33% on cost |
| Symvan Capital Limited (Registered number: 08772369) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2024 |
| 2. | ACCOUNTING POLICIES - continued |
| Financial instruments |
| The company has elected to apply the provisions of IFRS 9 Financial Instruments to all financial instruments. |
| Financial instruments are recognised in the balance sheet when the company becomes party to the contractual provisions of the instrument. |
| Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. |
| Financial assets |
| Financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. |
| Impairment of financial assets |
| Financial assets are assessed for indicators of impairment at each reporting end date. |
| Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss. |
| Derecognition of financial assets |
| Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity. |
| Classification of financial liabilities |
| Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all its liabilities. |
| Financial liabilities |
| Basic financial liabilities, including 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. Financial liabilities classified as payable within one year are not amortised. |
| Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. |
| Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. |
| Derecognition of financial liabilities |
| Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled. |
| Cash and cash equivalents |
| Cash and cash equivalents in the company balance sheet consist of cash at bank, in hand, demand deposits with banks and other receivables with an original maturity of less than a month. |
| Taxation |
| A current tax liability is recognised for the tax payable of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the assets is used. Current and deferred tax assets and liabilities are not discounted. |
| Symvan Capital Limited (Registered number: 08772369) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2024 |
| 2. | ACCOUNTING POLICIES - continued |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
| Debtors and creditors receivable / payable within one year |
| Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price.Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. |
| Investments |
| Investments other than associates, joint ventures and subsidiaries are valued at fair market value. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | AUDITORS' REMUNERATION |
| 31.12.24 | 31.12.23 |
| £ | £ |
| Fees payable to the company's auditors for the audit of the company's financial statements |
11,000 |
11,000 |
| 5. | TANGIBLE FIXED ASSETS |
| Fixtures |
| and | Computer |
| fittings | equipment | Totals |
| £ | £ | £ |
| COST |
| At 1 January 2024 |
| Additions |
| At 31 December 2024 |
| DEPRECIATION |
| At 1 January 2024 |
| Charge for year |
| At 31 December 2024 |
| NET BOOK VALUE |
| At 31 December 2024 |
| At 31 December 2023 |
| 6. | FIXED ASSET INVESTMENTS |
| Interest |
| in other |
| participating |
| interests |
| £ |
| COST OR VALUATION |
| At 1 January 2024 |
| and 31 December 2024 | 1,592,942 |
| NET BOOK VALUE |
| At 31 December 2024 | 1,592,942 |
| At 31 December 2023 | 1,592,942 |
| Symvan Capital Limited (Registered number: 08772369) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2024 |
| 6. | FIXED ASSET INVESTMENTS - continued |
| Cost or valuation at 31 December 2024 is represented by: |
| Interest |
| in other |
| participating |
| interests |
| £ |
| Valuation in 2022 | 315,000 |
| Valuation in 2021 | 1,202,818 |
| Cost | 75,124 |
| 1,592,942 |
| If fixed asset investments had not been revalued they would have been included at the following historical cost: |
| 31.12.24 | 31.12.23 |
| £ | £ |
| Cost | 75,124 | 75,124 |
| Fixed asset investments were valued on a fair value basis basis on 31 December 2023 by the directors . |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.12.24 | 31.12.23 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.12.24 | 31.12.23 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 31.12.24 | 31.12.23 |
| £ | £ |
| Bank loans |
| 10. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.12.24 | 31.12.23 |
| value: | £ | £ |
| Ordinary | £1.00 | 15,000 | 15,000 |
| A Ordinary | £1.00 | 400 | 400 |
| 15,400 | 15,400 |
| Symvan Capital Limited (Registered number: 08772369) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2024 |
| 11. | RESERVES |
| Non-dist |
| fair |
| value |
| reserve |
| £ |
| At 1 January 2024 |
| and 31 December 2024 |
| On 30 June 2015, the sum of £20,292 was transferred from Retained Earnings to a Non-Distributable Reserve, as shown above, set-up for the purposes of FCA requirements. |
| On 31 December 2021the sum of £902,937 (the revaluation less the deferred taxation) was transferred to a non-distributable revaluation reserve, pending realisation of the asset. |
| 12. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
| The Report of the Auditors was unqualified. |
| for and on behalf of |
| 13. | RELATED PARTY DISCLOSURES |
| Other related party |
| Introducer fees paid £50,546 (2023 - £57,791) |
| Loan due from director £10,178 (2023 - £10,178) |
| Loan due to director £204,632 (2023 - £80,796) |
| 14. | RECONCILIATION OF MOVEMENTS IN SHAREHOLDERS' FUNDS |
| 31.12.24 | 31.12.23 |
| £ | £ |
| Profit for the financial year |
| Net addition to shareholders' funds | 4,702 | 34,175 |
| Opening shareholders' funds | 1,371,466 | 1,337,291 |
| Closing shareholders' funds | 1,376,168 | 1,371,466 |