Company No: 09082125 (England and Wales)

Contents

• Statement of Financial Position
• Notes to the Financial Statements

	Note	2024		2023
		£		£
Fixed assets
Tangible assets	3	101,018		125,077
Investments	4	1,998,409		2,809,991
		2,099,427		2,935,068
Current assets
Debtors	5	3,804,683		1,886,639
Cash at bank and in hand		87,328		133,352
		3,892,011		2,019,991
Creditors: amounts falling due within one year	6	( 2,530,897)		( 705,740)
Net current assets		1,361,114		1,314,251
Total assets less current liabilities		3,460,541		4,249,319
Net assets		3,460,541		4,249,319
Capital and reserves
Called-up share capital	8	6		6
Profit and loss account		3,460,535		4,249,313
Total shareholder's funds		3,460,541		4,249,319

For the financial year 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 member has not required the company to obtain an audit of its financial statements for the financial year 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 Income and Retained Earnings has not been delivered.

The financial statements of Cable Capital Partners Ltd (registered number: 09082125) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

E Mosafi Director

04 September 2025

1. Accounting policies

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

General information and basis of accounting

Cable Capital Partners Ltd (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 £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Statement of Financial Position date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

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).

Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

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.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Vehicles	20 % reducing balance
Computer equipment	3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The company as lessee
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

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 Income and Retained Earnings as described below.

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 Income and Retained Earnings.

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

	2024		2023
	Number		Number
Monthly average number of persons employed by the company during the year, including directors	4		4

3. Tangible assets

	Vehicles		Computer equipment		Total
	£		£		£
Cost
At 01 January 2024	163,570		23,956		187,526
Additions	0		2,811		2,811
At 31 December 2024	163,570		26,767		190,337
Accumulated depreciation
At 01 January 2024	43,678		18,771		62,449
Charge for the financial year	23,979		2,891		26,870
At 31 December 2024	67,657		21,662		89,319
Net book value
At 31 December 2024	95,913		5,105		101,018
At 31 December 2023	119,892		5,185		125,077

4. Fixed asset investments

Investments in subsidiaries

	2024
	£
Cost
At 01 January 2024	102
Additions	2
At 31 December 2024	104
Carrying value at 31 December 2024	104
Carrying value at 31 December 2023	102

	Listed investments		Total
	£		£
Cost or valuation before impairment
At 01 January 2024	2,809,889		2,809,889
Additions	8,318,605		8,318,605
Disposals	( 9,200,902)		( 9,200,902)
Movement in fair value	70,713		70,713
At 31 December 2024	1,998,305		1,998,305
Carrying value at 31 December 2024	1,998,305		1,998,305
Carrying value at 31 December 2023	2,809,889		2,809,889

The fair value of listed investments was determined with reference to the quoted market price at the reporting date.

Investments in shares

Name of entity	Registered office	Principal activity	Class of shares	Ownership 31.12.2024	Ownership 31.12.2023
SLM Realisations Ltd	41-44 Great Queen Street, London, WC2B 5AD	Purchase and realisation of debt	Ordinary	100.00%	100.00%
Genacys Limited	41-44 Great Queen Street, London, WC2B 5AD	Acquisition and disposal of various classes of assets	Ordinary	100.00%	100.00%
Scionix Limited*	41-44 Great Queen Street, London, WC2B 5AD	Other research and experimental development on natural sciences and engineering	Ordinary	100.00%	100.00%
Cable Asset Management Limited	41-44 Great Queen Street, London, WC2B 5AD	Provision of rented office space and the acquisition and management of various classes of assets	Ordinary	100.00%	100.00%
CCP Finance I Ltd	41-44 Great Queen Street, London, WC2B 5AD	Other credit granting	Ordinary	100.00%	100.00%
CCP Finance II Ltd	41-44 Great Queen Street, London, WC2B 5AD	Other credit granting	Ordinary	100.00%	100.00%

• Indirect subsidiary

5. Debtors

	2024		2023
	£		£
Trade debtors	7,200		7,200
Amounts owed by group undertakings	3,692,092		1,802,000
Prepayments and accrued income	90,938		72,986
VAT recoverable	14,453		4,445
Other debtors	0		8
	3,804,683		1,886,639

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

6. Creditors: amounts falling due within one year

	2024		2023
	£		£
Trade creditors	26,194		13,233
Amounts owed to group undertakings	1,970,000		657,172
Amounts owed to related parties	500,000		0
Accruals	6,101		35,082
Deferred tax liability	25,255		0
Other taxation and social security	215		253
Other creditors	3,132		0
	2,530,897		705,740

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

7. Deferred tax

	2024		2023
	£		£
At the beginning of financial year	0		0
Charged to the Statement of Income and Retained Earnings	( 25,255)		0
At the end of financial year	( 25,255)		0

8. Called-up share capital

	2024		2023
	£		£
Allotted, called-up and fully-paid
3 Ordinary shares of £ 1.00 each	3		3
1 Ordinary A share of £ 1.00	1		1
1 Ordinary B share of £ 1.00	1		1
1 Ordinary C share of £ 1.00	1		1
	6		6

9. 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.

10. Ultimate controlling party

As at the financial year end date of 31 December 2024 the ultimate controlling party was Cable Capital Group Holdings Limited.