SSV Capital Partners Ltd 31/03/2025 iXBRL

Company registration number: 12797296

SSV Capital Partners Ltd

Unaudited filleted financial statements

31 March 2025

SSV Capital Partners Ltd

Contents

Directors and other information

Statement of financial position

Notes to the financial statements

SSV Capital Partners Ltd

Directors and other information


Directors	A. Ghosh
	I. Ghosh	(Resigned 2 July 2024)


Company number	12797296


Registered office	Level 18 40 Bank Street
	Canary Wharf
	London
	E14 5NR


Accountants	SRV Delson
	Maruti House
	1st Floor
	369 Station Road
	Harrow
	HA1 2AW

SSV Capital Partners Ltd

Statement of financial position

31 March 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	6	49,181		3,684
		_______		_______
			49,181		3,684

Current assets
Debtors	7	19,832		52,381
Cash at bank and in hand		1,140,541		787,142
		_______		_______
		1,160,373		839,523
Creditors: amounts falling due
within one year	8	( 1,616,171)		( 10,577)
		_______		_______
Net current (liabilities)/assets			( 455,798)		828,946
			_______		_______
Total assets less current liabilities			( 406,617)		832,630

Creditors: amounts falling due
after more than one year	9		-		( 1,931,800)
Accruals and deferred income			( 5,000)		( 1,500)

			_______		_______
Net liabilities			( 411,617)		( 1,100,670)
			_______		_______

Capital and reserves
Called up share capital	11		10,200		10,200
Share premium account	12		249,800		-
Profit and loss account	12		( 671,617)		( 1,110,870)
			_______		_______
Shareholders deficit			( 411,617)		( 1,100,670)
			_______		_______

For the year 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 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.

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:

A. Ghosh

Director

Company registration number: 12797296

SSV Capital Partners Ltd

Notes to the financial statements

Year 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 Level 18 40 Bank Street, Canary Wharf, 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 company has not generated any income for the period under review. It has however incurred substantial losses and material uncertaintyThe 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

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.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

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 year amounted to 6 (2024: 2 ).

5. Tax on profit/loss

No provision has been made for Corporation tax in these financial statements due to tax losses brought forward from previous year.

6. Tangible assets

	Fixtures, fittings and equipment	Motor vehicles	Total
	£	£	£
Cost
At 1 April 2024	4,912	-	4,912
Additions	7,609	54,282	61,891
	_______	_______	_______
At 31 March 2025	12,521	54,282	66,803
	_______	_______	_______
Depreciation
At 1 April 2024	1,228	-	1,228
Charge for the year	2,823	13,571	16,394
	_______	_______	_______
At 31 March 2025	4,051	13,571	17,622
	_______	_______	_______
Carrying amount
At 31 March 2025	8,470	40,711	49,181
	_______	_______	_______
At 31 March 2024	3,684	-	3,684
	_______	_______	_______

7. Debtors

	2025	2024
	£	£
Other debtors	19,832	52,381
	_______	_______

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	651,296	-
Amounts owed to group undertakings and undertakings in which the company has a participating interest	834,723	-
Social security and other taxes	109,990	2,747
Other creditors	20,162	7,830
	_______	_______
	1,616,171	10,577
	_______	_______

Other creditors include the directors current account balance of £440 (31 March 2024 - £440)

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Other creditors	-	1,931,800
	_______	_______

10. 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.

11. Called up share capital

Called up share capital represents the nominal value of shares that have been issued.

12. Reserves

The profit & loss reserves include all current and prior years retained profit and losses

13. Directors advances, credits and guarantees

	During the year the directors entered into the following advances and credits with the company:

2025
		Balance brought forward	Advances /(credits) to the directors	Balance o/standing
		£	£	£
	A. Ghosh	( 440)	-	( 440)
		_______	_______	_______

2024
		Balance brought forward	Advances /(credits) to the directors	Balance o/standing
		£	£	£
	A. Ghosh	( 235,399)	234,959	( 440)
		_______	_______	_______

14. Related party transactions

The amounts owed to the directors in note 13.At the period end the company owed £834,723 to various companies within the group.The comapany paid £120,000 to the directors for consultancy fees.In addition, £397,677.44 of business expenses were recharged from SSV Capital Plc and £2,167,484.36 were recharged from SSV Smartpay Ltd.

15. Controlling party

The ultimate controlling intrest is held by the directors