Company No: 15116508 (England and Wales)

Contents

• Statement of Financial Position
• Notes to the Financial Statements

	Note	31.12.2024
		£
Fixed assets
Investments	3	4,373,990
		4,373,990
Current assets
Debtors	4	1,800,000
Cash at bank and in hand		5,328
		1,805,328
Creditors: amounts falling due within one year	5	( 1,717)
Net current assets		1,803,611
Total assets less current liabilities		6,177,601
Net assets		6,177,601
Capital and reserves
Called-up share capital	6	120
Other reserves		5,736,066
Profit and loss account		441,415
Total shareholders' funds		6,177,601

For the financial period ending 31 December 2024 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 financial period in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These 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 Cable Capital Group Holdings Limited (registered number: 15116508) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

E D Mosafi Director

03 September 2025

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

Cable Capital Group Holdings Limited (the Company) 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 41-44 Great Queen Street, London, WC2B 5AD, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Reporting period length

The financial statements are prepared for a period of 16 months from 5 September 2023 to 31 December 2024 as the company was incorporated on the 5 September 2023.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Dividend income

Dividend income from investments is recognised when the shareholders' rights to receive payment have been established (provided that it is probable that the economic benefits will flow to the company and the amount of revenue can be measured reliably).

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Comprehensive Income as described below.

Fixed asset investments

Investments are recognised at cost less impairment.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to and from related parties and investments in non-puttable ordinary shares.

Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, 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.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. 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 the Statement of Comprehensive Income.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, 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 receipts discounted at a market rate of interest.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

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.

Investments
Investments in subsidiaries are measured at cost less accumulated impairment.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

	Period from 05.09.2023 to 31.12.2024
	Number
Monthly average number of persons employed by the company during the period, including directors	3

3. Fixed asset investments

Investments in subsidiaries

	31.12.2024
	£
Cost
At 05 September 2023	5,736,051
At 31 December 2024	5,736,051
Provisions for impairment
At 05 September 2023	0
Impairment	1,751,510
At 31 December 2024	1,751,510
Carrying value at 31 December 2024	3,984,541

	Listed investments		Total
	£		£
Cost or valuation before impairment
At 05 September 2023	0		0
Additions	389,220		389,220
Movement in fair value	229		229
At 31 December 2024	389,449		389,449
Carrying value at 31 December 2024	389,449		389,449

The fair value of listed investments was determined with reference to the investments net asset value at the reporting date.

Investments in shares

Name of entity	Registered office	Principal activity	Class of shares	Ownership 31.12.2024	Held
Cable Capital Partners Ltd	41-44 Great Queen Street, London, WC2B 5AD	Holding company	Ordinary	100.00%	Direct
GQS Finance Ltd	41-44 Great Queen Street, London, WC2B 5AD	Provision of secured loan facilities to small and medium enterprises	Ordinary	100.00%	Direct

4. Debtors

	31.12.2024
	£
Amounts owed by group undertakings	1,800,000

Amounts owed by group undertakings are unsecured, have no fixed date of repayment and are repayable on demand.

5. Creditors: amounts falling due within one year

	31.12.2024
	£
Accruals	1,500
Taxation and social security	217
	1,717

6. Called-up share capital

	31.12.2024
	£
Allotted, called-up and fully-paid
6,000 Odrinary ordinary shares of £ 0.01 each	60
2,000 Ordinary A shares of £ 0.01 each	20
2,000 Ordinary B shares of £ 0.01 each	20
2,000 Ordinary C shares of £ 0.01 each	20
	120

During the period, the company issued 6,000 Ordinary shares at £0.01 per share.

During the period, the company issued 2,000 Ordinary A, 2,000 Ordinary B and 2,000 Ordinary C shares at £0.01 per share.

7. Related party transactions

Where possible the company has taken advantage of the exemption conferred by Section 33.1A of Financial Reporting Standard 102: Related Party Disclosures, from the requirement to disclose transaction with wholly owned group undertakings.