Super Payments Holdings Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 13903588

Super Payments Holdings Ltd

Filleted Unaudited Financial Statements

31 December 2024

Super Payments Holdings Ltd

Financial Statements

Year ended 31 December 2024

Contents	Page

Officers and professional advisers	1

Chartered certified accountants report to the board of directors on the preparation of the unaudited statutory financial statements	2

Statement of financial position	3

Notes to the financial statements	5

Super Payments Holdings Ltd

Officers and Professional Advisers

The board of directors	S Desai CBE
	H W Nelis

Registered office	123 Buckingham Palace Road
	London
	SW1W 9SR

Accountants	Complete Accounting Solutions
	Chartered Certified Accountants
	727-729 High Road
	London
	N12 0BP

Super Payments Holdings Ltd

Chartered Certified Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Super Payments Holdings Ltd

Year ended 31 December 2024

As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 31 December 2024, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.

Complete Accounting Solutions Chartered Certified Accountants

727-729 High Road London N12 0BP

Super Payments Holdings Ltd

Statement of Financial Position

31 December 2024

	2024	2023
Note	£	£

Fixed assets

Investments	4	1	1

Current assets

Debtors	5	22,750,200	14,275,461
Cash at bank and in hand		6,499,999	14,537,221
		-------------	-------------
		29,250,199	28,812,682

Creditors: amounts falling due within one year	6	3,001	2,500
		-------------	-------------
Net current assets		29,247,198	28,810,182
		-------------	-------------
Total assets less current liabilities		29,247,199	28,810,183
		-------------	-------------
Net assets		29,247,199	28,810,183
		-------------	-------------

Capital and reserves

Called up share capital	8	90	89
Share premium account		28,654,086	28,654,086
Profit and loss account		593,023	156,008
		-------------	-------------
Shareholders funds		29,247,199	28,810,183
		-------------	-------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

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.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

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

Super Payments Holdings Ltd

Statement of Financial Position (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 30 September 2025 , and are signed on behalf of the board by:

S Desai CBE

Director

Company registration number: 13903588

Super Payments Holdings Ltd

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 123 Buckingham Palace Road, London, SW1W 9SR.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity .

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

4. Investments

	Shares in group undertakings
	£
Cost
At 1 January 2024 and 31 December 2024	1
	----
Impairment
At 1 January 2024 and 31 December 2024	–
	----

Carrying amount
At 31 December 2024	1
	----
At 31 December 2023	1
	----

The above amount represents a 100% holding in Super Payments Ltd.

5. Debtors

	2024	2023
	£	£
Amounts owed by group undertakings and undertakings in which the company has a participating interest	22,696,240	14,202,126
Other debtors	53,960	73,335
	-------------	-------------
	22,750,200	14,275,461
	-------------	-------------

6. Creditors: amounts falling due within one year

	2024	2023
	£	£
Other creditors	3,001	2,500
	-------	-------

7. Share-based payments

The company has an EMI scheme in place. The fair value of EMI options has been calculated using appropriate valuations in accordance with FRS 102 Section 26. The movement on Other Reserves relates to the accrued option value attributable to the accounting period. A corresponding charge is included in the Profit and Loss account.

8. Called up share capital

During the year, the company issued 638,790 Ordinary shares of £0.000001 each for a total consideration of £0.64, rounded to £1.

9. Events after the end of the reporting period

After the balance sheet date, the Company entered into a Convertible Loan Note (CLN) agreement totalling £10.7 million. As the agreement was executed after the reporting period, it is treated as a non-adjusting post balance sheet event and has no impact on the figures reported in these financial statements .

10. Controlling party

The company and group is under the control of S Desai CBE , director, by virtue of owning the majority of the issued share capital of the company.