SSV Smartpay Limited 31/03/2025 iXBRL

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