Sorven Partners Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 15507691 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 20 FEBRUARY 2024 TO 31 DECEMBER 2024

FOR

SORVEN PARTNERS LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

M P Sorensen

REGISTERED OFFICE:

Farncombe House,

Farncombe

Broadway

Worcestershire

WR12 7LJ

REGISTERED NUMBER:

15507691 (England and Wales)

ACCOUNTANTS:

Crowe U.K. LLP

4th Floor

St James House

St James Square

Cheltenham

Gloucestershire

GL50 3PR

FIXED ASSETS

Tangible assets

4

10,481

Investments

5

1,008,147

1,018,628

CURRENT ASSETS

Debtors

6

35,571

Cash at bank

252,633

288,204

CREDITORS

Amounts falling due within one year

7

9,366

NET CURRENT ASSETS

278,838

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,297,466

CAPITAL AND RESERVES

Called up share capital

1,400,001

Retained earnings

(102,535

)

SHAREHOLDERS' FUNDS

1,297,466

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 September 2025 and were signed by:

M P Sorensen - Director

1.	STATUTORY INFORMATION

Sorven Partners Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

The director consider that in preparing the financial statements he has taken into account all information

available, and on this basis the financial statements are prepared on a going concern basis.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Furniture, fixtures and fittings

-

33.33% on cost

Computer equipment

-

33.33% on cost

Investments

Investments in unlisted company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in Statement of Comprehensive Income.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the statement of comprehensive income in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

4.	TANGIBLE FIXED ASSETS

Furniture,

fixtures

and

Computer

fittings

equipment

Totals

£

Cost

Additions

7,668

5,240

12,908

At 31 December 2024

7,668

5,240

12,908

Depreciation

Charge for period

1,455

972

2,427

At 31 December 2024

1,455

972

2,427

Net book value

At 31 December 2024

6,213

4,268

10,481

5.	FIXED ASSET INVESTMENTS

Unlisted

investments

£

Cost

Additions

1,008,147

At 31 December 2024

1,008,147

Net book value

At 31 December 2024

1,008,147

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other debtors

35,571

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Taxation and social security

2,993

Other creditors

6,373

9,366

8.	RELATED PARTY DISCLOSURES

Included within debtors: amounts falling due within one year, is an amount owed by Sorven Holdings Limited, the company's immediate parent company, in the sum of £1. The debt is unsecured, interest free and carries no fixed date of repayment.

Mr M P Sorensen is also a director of Skagen Conscience Capital Limited. During the period, Skagen Conscience Capital Limited provided management services to the company totalling £31,036, and £nil of this was outstanding at the statement of financial position date. The services provided related to the administration of the company.

Skagen Conscience Capital Limited also sublet a room to the company during the year. The costs incurred were £9,000, and £nil was outstanding at the statement of financial position date.

Mr M P Sorensen is also a director and shareholder of Sorven Capital Limited. During the period, the company provided management services to Sorven Capital Limited totalling £16,560, and £nil of this was outstanding at the statement of financial position date. The services provided related to the administration of Sorven Capital Limited.

Mr M P Sorensen is also a director of NFK Investments Limited. During the period, the company provided management services to NFK Investments Limited totalling £5,910, and £nil of this was outstanding at the statement of financial position date. The services provided related to the administration of NFK Investments Limited.

During the period, the company provided management services to Mr M P Sorensen and his family totalling £25,740, and £nil of this was outstanding at the statement of financial position date. The services provided related to the administration of their personal matters.