Silverfin false 17 June 2025 17 June 2025 Stephen Drew S&W Partners Audit Limited 138,099 0 false true 31/12/2024 20/04/2024 31/12/2024 J M Keats 14/05/2024 A Patel 20/04/2024 17 June 2025 The Company is a managed professional services firm helping clients improve their competitiveness throughout the program lifecycle from market entry, to capture and proposal, to program execution. While the Company operates in one business segment, its business strategy is to classify its offerings under six practice areas:

- Management consulting: market and competitive strategy, innovation building, capability evaluation and development, competitive assessment and deal to win and strategy analytics.
- Capture support and proposal development: business development, capture support, proposal management and writing and competitive position analytics.
- Data visualization and publications: proposal and technical graphics, desktop publishing, information graphics and graphical modeling and visual art analytics.
- Program management: program/project management, customer milestone success, data management, resource planning and implementation, business support and program management analytics.
- Integrated program planning and controls: plan development, schedule and cost management, earned value system implementation and operations and project performance analytics.
- Technical management and engineering: systems engineering, solutions architect, electrical and mechanical design and specialties, software development, industrial engineering and technical management analytics.
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Company No: 15663971 (England and Wales)

SMA WINS LTD

Financial Statements
For the financial period from 20 April 2024 to 31 December 2024
Pages for filing with the registrar

SMA WINS LTD

Financial Statements

For the financial period from 20 April 2024 to 31 December 2024

Contents

SMA WINS LTD

COMPANY INFORMATION

For the financial period from 20 April 2024 to 31 December 2024
SMA WINS LTD

COMPANY INFORMATION (continued)

For the financial period from 20 April 2024 to 31 December 2024
DIRECTORS J M Keats (Appointed 14 May 2024)
A Patel (Appointed 20 April 2024)
REGISTERED OFFICE Hallswelle House
1 Hallswelle Road
England
NW11 0DH
London
United Kingdom
COMPANY NUMBER 15663971 (England and Wales)
AUDITOR S&W Partners Audit Limited
Statutory Auditor
103 Colmore Row
Birmingham
B3 3AG
SMA WINS LTD

STATEMENT OF FINANCIAL POSITION

As at 31 December 2024
SMA WINS LTD

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 December 2024
Note 31.12.24
£
Current assets
Debtors 3 48,445
48,445
Creditors: amounts falling due within one year 4 ( 186,543)
Net current liabilities (138,098)
Total assets less current liabilities (138,098)
Net liabilities ( 138,098)
Capital and reserves
Called-up share capital 1
Profit and loss account ( 138,099 )
Total shareholder's deficit ( 138,098)

The financial statements have been prepared in accordance with provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Comprehensive Income has not been delivered.

The financial statements of SMA Wins Ltd (registered number: 15663971) were approved and authorised for issue by the Board of Directors on 17 June 2025. They were signed on its behalf by:

J M Keats
Director
SMA WINS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 20 April 2024 to 31 December 2024
SMA WINS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 20 April 2024 to 31 December 2024
1. Accounting policies

The following principal accounting policies have been applied:

General information and basis of accounting

SMA Wins Ltd is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Hallswelle House, 1 Hallswelle Road, London, England NW11 0DH and its registered number is 15663971. The Company was incorporated on 20 April 2024 and commenced trading on this date. These financial statements cover the period from incorporation to 31 December 2024.

*Basis of preparation of financial statements*
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

Going concern

The Directors of the immediate parent company, SMA, Inc., have confirmed in writing that they will provide the financial support necessary to enable the Company to continue as a going concern and meet its liabilities as they fall due for a period of at least 12 months from the date of approval of these financial statements.

The Directors have also received confirmation from the immediate parent company that amounts owed by SMA Wins Ltd will not be recalled for a period covering at least 12 months from the date of signing these financial statements.

Therefore the Directors consider it appropriate to prepare the financial statements on a going concern basis.

Foreign currency

*Functional and presentation currency*
The Company's functional and presentational currency is GBP.

*Transactions and balances*
Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Nonmonetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Turnover

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue from consulting services is recognised over time as the services are delivered, based on the proportion of work completed at the reporting date. This is typically measured using time incurred or milestones achieved, depending on the nature of the engagement.

Where services have been provided but not yet invoiced at the reporting date, the revenue is recognised and recorded as unbilled revenue within accrued income under current assets.

Advance payments received from clients are deferred and recognised as revenue when the related services are performed.

Taxation

Current tax
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company
operates and generates income.

Trade and other debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Trade and other 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 has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets
Basic financial assets, which include trade and other receivables are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's trade and other receivables due with the operating cycle fall into this category of financial instruments.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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.

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.
Financial liabilities are derecognised when the Company’s contractual obligations expire or are discharged or cancelled.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

Period from
20.04.24 to
31.12.24
Number
Monthly average number of persons employed by the Company during the period, including directors 1

3. Debtors

31.12.24
£
Trade debtors 36,896
Accrued income 11,549
48,445

4. Creditors: amounts falling due within one year

31.12.24
£
Trade creditors 308
Amounts owed to Group undertakings 141,709
Accruals 38,173
Other taxation and social security 6,353
186,543

Amounts owed to group undertakings are interest free and repayable on demand.

5. Related party transactions

The Company has taken advantage of the exemption available under Section 33 of FRS 102 and has not disclosed details of transactions or balances with other wholly-owned group companies.

6. Controlling party

The Company's immediate parent company is SMA, Inc., a company incorporated in Delaware, United States of America, by virtue of its ownership of 100% of the issued share capital in the Company.

The Company's ultimate parent Company is SMA Holdings, Inc., a company incorporated in Delaware, United States of America.

7. Audit Opinion

The auditor’s report on the financial statements for the period ended 31 December 2024 was unqualified but drew attention by way of emphasis to the Company's reliance on the immediate parent company for financial support.

The audit report was signed by Stephen Drew (Senior Statutory Auditor) on behalf of S&W Partners Audit Limited.