Svr Solutions Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 14476614

		31 December 2024		31 December 2023
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		80,087		88,986
Investments	5		12,934,941		12,934,941

			13,015,028		13,023,927
CURRENT ASSETS
Debtors	6	75,807		210,577
Cash at bank and in hand		10,464		-

		86,271		210,577
Creditors: Amounts Falling Due Within One Year	7	(32,479 )		(173,202 )

NET CURRENT ASSETS (LIABILITIES)			53,792		37,375

TOTAL ASSETS LESS CURRENT LIABILITIES			13,068,820		13,061,302

Creditors: Amounts Falling Due After More Than One Year	8		(15,059,270 )		(13,631,820 )

NET LIABILITIES			(1,990,450 )		(570,518 )

CAPITAL AND RESERVES
Called up share capital	9		112,500		112,500
Share premium account			11,250		11,250
Profit and Loss Account			(2,114,200 )		(694,268 )

SHAREHOLDERS' FUNDS			(1,990,450)		(570,518)

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Svr Solutions Limited

Balance Sheet (continued)

As At 31 December 2024

For the 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.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr David Turnock

Director

22/09/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Svr Solutions Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14476614 . The registered office is 48 Warwick Street, London, United Kingdom, W1B 5AW.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2023: NIL)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 January 2024	88,986

As at 31 December 2024	88,986

Amortisation
As at 1 January 2024	-
Provided during the period	8,899

As at 31 December 2024	8,899

Net Book Value
As at 31 December 2024	80,087

As at 1 January 2024	88,986

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Svr Solutions Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

5. Investments

	Subsidiaries
	£
Cost or Valuation
As at 1 January 2024	12,934,941

As at 31 December 2024	12,934,941

Provision
As at 1 January 2024	-

As at 31 December 2024	-

Net Book Value
As at 31 December 2024	12,934,941

As at 1 January 2024	12,934,941

6. Debtors

	31 December 2024	31 December 2023
	£	£
Due within one year
Amounts owed by group undertakings	75,807	-
Other debtors	-	210,577

	75,807	210,577

7. Creditors: Amounts Falling Due Within One Year

	31 December 2024	31 December 2023
	£	£
Trade creditors	27,758	68,216
Amounts owed to group undertakings	-	100,986
Other creditors	4,000	4,000
Taxation and social security	721	-

	32,479	173,202

8. Creditors: Amounts Falling Due After More Than One Year

	31 December 2024	31 December 2023
	£	£
Debentures	15,059,270	13,631,820

£4,950,000 10% Fixed Rate A Secured Loan Notes 2028

£4,750,000 10% Fixed Rate B Secured Loan Notes 2028

£3,931,820 10% Fixed Rate C Secured Loan Notes 2028

The Company covenants with the Noteholders that it will on the date falling 5 years and 1 day from (and excluding) the date of this Instrument, or such earlier date as the Notes are due to be redeemed as provided in this Instrument, pay to the Noteholders the principal amount of the Notes then outstanding plus any Interest accrued to the date of repayment.

The Company covenants with the Noteholders that it will pay Interest (subject to deduction of tax at the applicable rate) from the date of issue of the Notes until redemption in full of the Notes on the principal amount of the Notes then outstanding at the rate per annum and at the times and otherwise in the manner provided in the agreement.

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Svr Solutions Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

9. Share Capital

	31 December 2024	31 December 2023
Allotted, called up and fully paid	£	£
8,500,000 Ordinary A shares of £ 0.01 each	85,000	85,000
500,000 Ordinary B shares of £ 0.01 each	5,000	5,000
2,250,000 Ordinary C shares of £ 0.01 each	22,500	22,500

	112,500	112,500

10. Related Party Transactions

During the year, the company had the following related party transactions and balances with it's subsidiary:

Trak Global Security Solutions Ltd

Amount due from related party: £75,807 (2023: £(100,986))

Loan is interest free and repayable on demand.

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