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Company registration number: 15424021
SSV Smartpay Limited
Unaudited filleted financial statements
31 March 2025
SSV Smartpay Limited
Contents
Directors and other information
Directors responsibilities statement
Statement of financial position
Notes to the financial statements
SSV Smartpay Limited
Directors and other information

| Directors | Ankur Ghosh | (Appointed 18 January 2024)
|  | Ishita Ghosh | (Appointed 18 January 2024)(Resigned 2 July 2024)
|  | Clive Thomas Standish | (Appointed 10 February 2025)
| Company number | 15424021 |
| Registered office | 40 Bank Street |
|  | Canary Wharf |
|  | Level 18 |
|  | London |
|  | E14 5NR |
| Accountants | SRV Delson |
|  | Maruti House |
|  | 1st Floor |
|  | 369 Station Road |
|  | Harrow |
|  | HA1 2AW |

SSV Smartpay Limited
Directors responsibilities statement
Period ended 31 March 2025
The directors are responsible for preparing the directors report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial period. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the directors are required to:
- select suitable accounting policies and then apply them consistently; and
- make judgments and accounting estimates that are reasonable and prudent.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
SSV Smartpay Limited
Statement of financial position
31 March 2025

|  |  | 31/03/25 |  |  |  |  |  |
|  | Note | £ |  | £ |  |  |  |
Current assets |  |  |  |  |  |  |  |  |
Debtors |  | 6 | 193,952 |  |  |  |  |  |
Cash at bank and in hand |  |  | 2,296,960 |  |  |  |  |  |
|  |  | _______ |  |  |  |  |  |
|  |  | 2,490,912 |  |  |  |  |  |
Creditors: amounts falling due |  |  |  |  |  |  |  |  |
within one year |  | 7 | ( 251,420) |  |  |  |  |  |
|  |  | _______ |  |  |  |  |  |
Net current assets |  |  |  |  | 2,239,492 |  |  |  |
|  |  |  |  | _______ |  |  |  |
Total assets less current liabilities |  |  |  |  | 2,239,492 |  |  |  |
Accruals and deferred income |  |  |  |  | ( 5,000) |  |  |  |
|  |  |  |  | _______ |  |  |  |
Net assets |  |  |  |  | 2,234,492 |  |  |  |
|  |  |  |  | _______ |  |  |  |
Capital and reserves |  |  |  |  |  |  |  |  |
Called up share capital |  | 9 |  |  | 13,438 |  |  |  |
Share premium account |  | 10 |  |  | 6,012,327 |  |  |  |
Profit and loss account |  | 10 |  |  | ( 3,791,273) |  |  |  |
|  |  |  |  | _______ |  |  |  |
Shareholders funds |  |  |  |  | 2,234,492 |  |  |  |
|  |  |  |  | _______ |  |  |  |

For the period ending 31 March 2025 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 period 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.
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.
These financial statements were approved by the board of directors and authorised for issue on 02 October 2025 , and are signed on behalf of the board by:
Ankur Ghosh
Director
Company registration number: 15424021
SSV Smartpay Limited
Notes to the financial statements
Period ended 31 March 2025
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is 40 Bank Street, Canary Wharf, Level 18, London, E14 5NR.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The directors consider that in preparing the financial statements, they have taken into account all the information that could reasonably be expected to be available together with their continued support to the company. On this basis the directors consider that it is appropriate to prepare the financial statements on a going concern basis.These financial statements do not include any adjustments that would result if the company would cease trading.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. 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 capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, 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.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the period amounted to 1
5. Tax on loss
No provision for corporation tax liabilities has been made in these financial statements due to tax losses incurred during the year.
6. Debtors

|  |  | 31/03/25 |
|  |  | £ |
| Other debtors |  | 193,952 |
|  |  | _______ |

7. Creditors: amounts falling due within one year

|  |  | 31/03/25 |
|  |  | £ |
| Trade creditors |  | 95,420 |
| Other creditors |  | 156,000 |
|  |  | _______ |
|  |  | 251,420 |
|  |  | _______ |

Other creditors include the directors current account balance of £156,000 (31 March 2024 - £-)
8. Financial instruments
Financial instruments carried on the statement of financial position include cash and cash equivalents, borrowings and accruals. The particular recognition methods adopted are disclosed in the individual policy statements associated with each item.
9. Called up share capital
Called up share capital represents the nominal value of shares that have been issued.
10. Reserves
The profit & loss reserves include all current and prior years retained profit and losses
11. Related party transactions
The company paid fees of £80,000 to the directors during the period.In addition, £2,167,484 of business expenses were recharged by SSV Capital Partners Ltd and £397,677 by SSV Capital Plc.
12. Controlling party
The ultimate controlling interest is held by the director