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COMPANY REGISTRATION NUMBER: 09718964
SATCO INVESTMENTS HOLDING LIMITED
Filleted Unaudited Financial Statements
31 March 2025
SATCO INVESTMENTS HOLDING LIMITED
Statement of Financial Position
31 March 2025
2025
2024
Note
£
£
£
Fixed assets
Investments
4
22,823,615
20,288,085
Current assets
Debtors
5
1,632,532
3,645,879
Cash at bank and in hand
1,534,649
1,985,770
------------
------------
3,167,181
5,631,649
Creditors: amounts falling due within one year
6
11,297,241
11,297,243
-------------
-------------
Net current liabilities
8,130,060
5,665,594
-------------
-------------
Total assets less current liabilities
14,693,555
14,622,491
-------------
-------------
Capital and reserves
Called up share capital
300
300
Share premium account
14,141,414
14,141,414
Profit and loss account
551,841
480,777
-------------
-------------
Shareholders funds
14,693,555
14,622,491
-------------
-------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
SATCO INVESTMENTS HOLDING LIMITED
Statement of Financial Position (continued)
31 March 2025
These financial statements were approved by the board of directors and authorised for issue on 18 July 2025 , and are signed on behalf of the board by:
Mr M G Gudka
Director
Company registration number: 09718964
SATCO INVESTMENTS HOLDING LIMITED
Notes to the Financial Statements
Year ended 31 March 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 1st Floor, 88 Baker Street, London, W1U 6TQ, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
Debtors
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, 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. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.
Cash and cash equivalents
Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term 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
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, 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. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment
4. Investments
Shares in group undertakings
Shares in participating interests
Loans to participating interests
Total
£
£
£
£
Cost
At 1 April 2024
14,491,514
97
5,796,474
20,288,085
Additions
45
3,377,755
3,377,800
Disposals
( 830,892)
(830,892)
-------------
----
------------
-------------
At 31 March 2025
14,491,514
142
8,343,337
22,834,993
-------------
----
------------
-------------
Impairment
At 1 April 2024
Impairment losses
11,378
11,378
-------------
----
------------
-------------
At 31 March 2025
11,378
11,378
-------------
----
------------
-------------
Carrying amount
At 31 March 2025
14,491,514
142
8,331,959
22,823,615
-------------
----
------------
-------------
At 31 March 2024
14,491,514
97
5,796,474
20,288,085
-------------
----
------------
-------------
5. Debtors
2025
2024
£
£
Amounts owed by group undertakings and undertakings in which the company has a participating interest
1,034,188
1,034,188
Other debtors
598,344
2,611,691
------------
------------
1,632,532
3,645,879
------------
------------
6. Creditors: amounts falling due within one year
2025
2024
£
£
Amounts owed to group undertakings and undertakings in which the company has a participating interest
11,297,241
11,297,243
-------------
-------------
7. Related party transactions
During the year the company entered into the following transactions with related parties:
Transaction value
Balance owed by/(owed to)
2025
2024
2025
2024
£
£
£
£
Satco Investments Ltd
( 11,297,241)
( 11,297,243)
Satco 2 Ltd
1,034,188
1,034,188
Aprirose Holding Ltd
2,499,980
2,500,000
1,500,000
------------
----
-------------
-------------