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Registration number: 14877447

FINVASIA CAPITAL HOLDING LIMITED

Unaudited Filleted Financial Statements

for the Period from 10 October 2023 to 31 May 2024

 

FINVASIA CAPITAL HOLDING LIMITED

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 9

 

FINVASIA CAPITAL HOLDING LIMITED

Company Information

Director

Mr Tajinder Pal Singh

Registered office

60A Station Road
North Harrow
HA2 7SJ

Accountants

Ashleigh Mann
Accountants60A Station Road
North Harrow
HA2 7SJ

 

FINVASIA CAPITAL HOLDING LIMITED

(Registration number: 14877447)
Balance Sheet as at 31 May 2024

Note

2024
£

Fixed assets

 

Investments

4

3,174,769

Current assets

 

Cash at bank and in hand

 

16,754

Creditors: Amounts falling due within one year

5

(3,695)

Net current assets

 

13,059

Total assets less current liabilities

 

3,187,828

Creditors: Amounts falling due after more than one year

5

(1,216,599)

Net assets

 

1,971,229

Capital and reserves

 

Called up share capital

6

100

Revaluation reserve

1,984,248

Retained earnings

(13,119)

Shareholders' funds

 

1,971,229

For the financial period ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 22 April 2025
 

.........................................
Mr Tajinder Pal Singh
Director

 

FINVASIA CAPITAL HOLDING LIMITED

Notes to the Unaudited Financial Statements for the Period from 10 October 2023 to 31 May 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
60A Station Road
North Harrow
HA2 7SJ
England

First year of accounts

These financial statements were authorised for issue by the director on 22 April 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Group accounts not prepared

The company is a small qualifies as a small group and as such is exempt from preparing Group accounts under the Companies ACt 2006..

Going concern

The financial statements have been prepared on a going concern basis.as the director and subsdiaries have undertaken to meet company's liabilities as and when they fall due

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

 

FINVASIA CAPITAL HOLDING LIMITED

Notes to the Unaudited Financial Statements for the Period from 10 October 2023 to 31 May 2024

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

FINVASIA CAPITAL HOLDING LIMITED

Notes to the Unaudited Financial Statements for the Period from 10 October 2023 to 31 May 2024

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1.

4

Investments

2024
£

Investments in subsidiaries

3,174,769

Subsidiaries

£

Cost or valuation

At 10 October 2023

1,190,521

Revaluation

1,984,248

At 31 May 2024

3,174,769

Provision

Carrying amount

At 31 May 2024

3,174,769

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

2024

Subsidiary undertakings

Finvasia Capital Ltd

5th Floore, The CORE, No 62 ICT Avenue, Cybercity 72201
Ebene
Republic of Mauritius

Republic of Mauritius

Ordinary shares

100%

Charlegate SVG LLC

1st Floor, First St. Vincent Bnak Ltd Building
James Street. Kingstown, St. Vincent
St.Vincent and Grenadines

St Lucia

Ordinary

100%

 

FINVASIA CAPITAL HOLDING LIMITED

Notes to the Unaudited Financial Statements for the Period from 10 October 2023 to 31 May 2024

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

Finvasia Capital South Africa (Pty) Ltd

3rd Floor
34 Whiteley Boulevard, Melrose Arch
Johannesburgh
South Africa
2196

South Africa

Ordinary Shares

100%

NEVEA SERVICES AUSTRALIA

BMA HOUSE,,SE3 GROUND FLOOR,,135 MACQUAIRE STREET,SYDNEY, AUSTRALIA. 2000

AUSTRALIA

ORIDNARY

100%

NEVEA Services Ltd

319, 28th October Kanika Business Centre, Flat/Office 201B
Limassol
3105
Cyprus

Cyprus

Ordinary

100%

Subsidiary undertakings

Finvasia Capital Ltd

The principal activity of Finvasia Capital Ltd is wide range of regulated activities in accrodnace with Section79A of The Financial Services Act 2007 (Mauritius), Rule 2008 including distribution of financial products, Investment Advice, Investment dealer and asset management. The profit for the financial period of Finvasia Capital Ltd was £482,029 and the aggregate amount of capital and reserves at the end of the period was £1,385,184.

Charlegate SVG LLC

The principal activity of Charlegate SVG LLC is Marketing Services. The profit for the financial period of Charlegate SVG LLC was £8,118 and the aggregate amount of capital and reserves at the end of the period was £505,443.

Finvasia Capital South Africa (Pty) Ltd

The principal activity of Finvasia Capital South Africa (Pty) Ltd is service industry, opearting globally excluding residence of European Countires. The loss for the financial period of Finvasia Capital South Africa (Pty) Ltd was £112 and the aggregate amount of capital and reserves at the end of the period was £3,885.

 

FINVASIA CAPITAL HOLDING LIMITED

Notes to the Unaudited Financial Statements for the Period from 10 October 2023 to 31 May 2024

NEVEA SERVICES AUSTRALIA

The principal activity of NEVEA SERVICES AUSTRALIA is Is that of business management and IT Consutancy. The loss for the financial period of NEVEA SERVICES AUSTRALIA was £138,426 and the aggregate amount of capital and reserves at the end of the period was £(138,374).

NEVEA Services Ltd

The principal activity of NEVEA Services Ltd is company acting on behalf of its principal and providing consultamcy services. The profit for the financial period of NEVEA Services Ltd was £133,100 and the aggregate amount of capital and reserves at the end of the period was £228,109.

 

FINVASIA CAPITAL HOLDING LIMITED

Notes to the Unaudited Financial Statements for the Period from 10 October 2023 to 31 May 2024

5

Creditors

Creditors: amounts falling due within one year

Note

2024
£

Due within one year

 

Loans and borrowings

8

11

Accruals and deferred income

 

3,684

 

3,695

Creditors: amounts falling due after more than one year

Note

2024
£

Due after one year

 

Loans and borrowings

8

1,216,599

6

Share capital

Allotted, called up and fully paid shares

2024

No.

£

Ordinary Shares of £1 each

100

100

   

Allotted, called up and fully paid shares

2024

No.

£

NewRow_0 of £1 each

100

-

   

7

Reserves

The changes to each component of equity resulting from items of other comprehensive income for the current period were as follows:

Revaluation reserve
£

Total
£

Surplus/deficit on revaluation of other assets

1,984,248

1,984,248

 

FINVASIA CAPITAL HOLDING LIMITED

Notes to the Unaudited Financial Statements for the Period from 10 October 2023 to 31 May 2024

8

Loans and borrowings

Non-current loans and borrowings

2024
£

Other borrowings

1,216,599

Current loans and borrowings

2024
£

Bank overdrafts

11

9

Dividends

The director is recommending a final dividend of £Nil per share totalling £Nil. This dividend has not been accrued in the balance sheet.