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REGISTERED NUMBER: 08772369 (England and Wales)















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: N A Nicolaides
K J W Doyle
J Wang



REGISTERED OFFICE: 2 London Wall Place
6th Floor
London
EC2Y 5AU



REGISTERED NUMBER: 08772369 (England and Wales)



SENIOR STATUTORY AUDITOR: Peter Petrou



AUDITORS: Nicholas Peters & Co Limited
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 1,294 1,314
Investments 6 1,592,942 1,592,942
1,594,236 1,594,256

CURRENT ASSETS
Debtors 7 226,455 348,618
Prepayments and accrued income 322,549 166,011
Cash at bank 81,404 70,455
630,408 585,084
CREDITORS
Amounts falling due within one year 8 449,474 407,203
NET CURRENT ASSETS 180,934 177,881
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,775,170

1,772,137

CREDITORS
Amounts falling due after more than one year 9 (14,242 ) (15,911 )

PROVISIONS FOR LIABILITIES (384,760 ) (384,760 )
NET ASSETS 1,376,168 1,371,466

CAPITAL AND RESERVES
Called up share capital 10 15,400 15,400
Share premium 187,600 187,600
Non-dist revenue reserve 20,292 20,292
Non-dist fair value reserve 11 1,139,187 1,139,187
Retained earnings 13,689 8,987
SHAREHOLDERS' FUNDS 14 1,376,168 1,371,466

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 Board of Directors and authorised for issue on 24 April 2025 and were signed on its behalf by:





N A Nicolaides - Director


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 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 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 7 (2023 - 7 ) .

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 728 7,998 8,726
Additions - 811 811
At 31 December 2024 728 8,809 9,537
DEPRECIATION
At 1 January 2024 706 6,706 7,412
Charge for year 22 809 831
At 31 December 2024 728 7,515 8,243
NET BOOK VALUE
At 31 December 2024 - 1,294 1,294
At 31 December 2023 22 1,292 1,314

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 197,763 318,775
Other debtors 28,692 29,843
226,455 348,618

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 9,869 9,869
Trade creditors 86,316 162,756
Taxation and social security 37,391 65,696
Other creditors 315,898 168,882
449,474 407,203

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans 14,242 15,911

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
15,000 Ordinary £1.00 15,000 15,000
400 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 1,139,187

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.

Peter Petrou (Senior Statutory Auditor)
for and on behalf of Nicholas Peters & Co Limited

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 4,702 34,175
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