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Company registration number: 15413294
SSV Capital Plc
Financial statements
31 March 2025
SSV Capital Plc
Contents
Directors and other information
Strategic report
Directors report
Independent auditor's report to the members
Statement of comprehensive income
Statement of financial position
Statement of changes in equity
Statement of cash flows
Notes to the financial statements
SSV Capital Plc
Directors and other information

| Directors | Ankur Ghosh |
|  | Christopher Francis Bullock |
|  | David Walden Lewis |
|  | Obiorah Onyesoh |
|  | Roza Pollatou |
|  | Damian Franz Zech |
|  | Ishita Ghosh | (Resigned 2 July 2024)
| Secretary | Paul Puxon |
| Company number | 15413294 |
| Registered office | Level 18 |
|  | 40 Bank Street |
|  | Canary Wharf |
|  | London |
|  | E14 5NR |
| Business address | Level 18 40 Bank Street |
|  | Canary Wharf |
|  | London |
|  | E14 5NR |
| Auditor | SRV Delson |
|  | Maruti House |
|  | 1st Floor |
|  | 369 Station Road |
|  | Harrow |
|  | HA1 2AW |

SSV Capital Plc
Strategic report
Period ended 31 March 2025
The directors hereby present their strategic report, Director's report and the audited financial statements of SSV Capital PLC for the period ended
Principal activities
The principal activities of the company is that of a head office.
Business Review
SSV Capital PLC operates as a head office (SIC Code 70100), focusing on strategic investments, corporate structuring, and supporting its subsidiary undertakings. The Company's primary activities include:
Providing management and governance oversight for group entities.
Developing investment strategies in fintech, sustainable finance, and technology sectors.
Supporting business growth through advisory and financial management functions.
During FY 2024-25, the Company maintained a stable financial position, strengthened internal governance processes, and continued to explore opportunities in digital finance and environmentally conscious investment ventures.
Strategy
The Company's strategy is centred on:
Building a diversified investment portfolio across fintech, sustainable finance, and digital assets.
Driving shareholder value through long-term, sustainable growth.
Maintaining strong governance, compliance, and financial discipline.
Prioritising environmental, social, and governance (ESG) considerations in all business decisions.
Business model
SSV Capital PLC operates as a head office and SSV Capital plays the role of: -
Accelerator: Driving rapid rollout of fintech solutions
Incubator: Nurturing prop-tech and sustainable real estate innovations.
Combinator: Pooling ventures, funding, and investor access into a unified growth ecosystem.
In simple terms: -
SSV Capital is positioning itself as a hybrid "accelerator-incubator-combinator" for fintech and proptech.
It incubates products internally, accelerates them into market with funding and infrastructure, and combines them into a broader platform for scaling and investor returns.
Principal risk and uncertainties
The Company faces the following key risks:
financial markets affecting investment performance.
Regulatory Risk - Compliance with evolving UK and international financial regulations.
Liquidity Risk - Ensuring sufficient access to working capital for operational and investment requirements.
Operational Risk - Dependence on effective internal controls and governance to manage group activities.
Reputational Risk - Maintaining investor confidence through transparent reporting and ethical business conduct.
The Board actively monitors these risks and has established appropriate mitigation strategies.
Key performance indicators (KPIs)
The Directors monitor both financial and non-financial KPIs:
Financial KPIs: revenue growth, net asset value, liquidity levels, and return on investment.
Non-financial KPIs: employee engagement, environmental impact (carbon footprint), and compliance with ESG principles.
Section 172(1) Statement
The Director of SSV Capital PLC are mindful of their duty under Section 172 of the Companies Act 2006 to act in a way that they consider, in good faith, would most likely promote the success of the Company for the benefit of its members as a whole, while having regard to the matters set out in Section 172(1)(a)-(f).
In fulfilling this duty during the financial year ended 31 March 2025, the Board has considered the following key factors:
Long-term decision making (s172(1)(a))
The Board's decisions are taken with a focus on long-term sustainability, particularly in pursuing opportunities within fintech, digital finance, and sustainable investment sectors. Decisions are evaluated not only for their immediate financial effect but also for their strategic alignment with the Company's vision of delivering long-term shareholder value.
Interests of employees (s172(1)(b))
The Company recognises that its employees are fundamental to its success. During the year, flexible and hybrid working arrangements were maintained to support wellbeing, diversity and work-life balance. Training and professional development opportunities were also prioritised to enhance skills across the organisation.
Fostering relationships with suppliers, customers and stakeholders (s172(1)(c))
The Board is committed to maintaining fair, transparent, and constructive relationships with its suppliers, customers, and other stakeholders. Strong governance and compliance frameworks ensure that trust and mutual benefit are at the heart of these relationships.
Impact on community and environment (s172(1)(d))
The Company has implemented measures to reduce its carbon footprint, including reliance on renewable energy sources for electricity, reduced business travel through increased videoconferencing, and office energy efficiency upgrades. The Board is committed to minimising environmental impact and conducting business responsibly.
Reputation for high standards of business conduct (s172(1)(e))
Ethical conduct, integrity, and transparency underpin the Company's governance. The Board maintains strong oversight of compliance and reporting obligations, reinforcing the Company's reputation for professionalism and accountability.
Fairness between members (s172(1)(f))
The Board acts fairly between all shareholders, ensuring that decisions are made in the interests of members as a whole. The Company is committed to transparent communication through regular reporting and shareholder engagement.
Through the above considerations, the Directors believe they have acted in accordance with their Section 172 duties, promoting the long-term success of SSV Capital PLC for the benefit of its members and stakeholders.
This report was approved by the board of directors on 6 November 2025 and signed on behalf of the board by:
Ankur Ghosh
Director
SSV Capital Plc
Directors report
Period ended 31 March 2025
The directors present their report and the financial statements of the company for the period ended 31 March 2025.
Directors
The directors who served the company during the period were as follows:

Ankur Ghosh |  |  |  |
Christopher Francis Bullock |  |  |  |
David Walden Lewis |  |  |  |
Obiorah Onyesoh |  |  |  |
Roza Pollatou |  |  |  |
Damian Franz Zech |  |  |  |

Dividends
The directors do not recommend the payment of a dividend.
Future developments
Looking ahead, the Board intends to continue pursuing opportunities that align with its long-term growth strategy. In particular, the Company will:
Expand its investment portfolio with a focus on fintech, sustainable finance, and digital assets.
Strengthen capital resources to support growth and diversify investments.
Further integrate environmental, social and governance (ESG) principles into decision-making.
Leverage technology to improve efficiency, reduce costs, and enhance stakeholder engagement.
Maintain robust governance and compliance frameworks to ensure sustainable business operations.
The Directors remain confident in the Company's ability to deliver sustainable long-term value to its shareholders.
Greenhouse gas emissions and energy consumption

|  |  |  |  |  | Unit | 2025 |  | 2024
Total energy consumed |  |  |  |  |  | kWh | 1 |  | 1
User defined description |  |  |  |  |  | Business trips | 4.58 |  | 11.87
|  |  |  |  |  |  | _______ |  | _______

Methodologies for energy and emissions calculations
Emissions are calculated in accordance with the Greenhouse Gas Protocol, using the UK Government (BEIS/Defra) conversion factors applicable for the relevant reporting year.
Principal measures taken to increase energy efficiency
During the period, the Company has taken the following actions to reduce its carbon footprint and increase energy efficiency:
"Increased use of videoconferencing to minimise business travel.
"Replaced office lighting with energy-efficient LED fittings.
Directors responsibilities statement
The directors are responsible for preparing the strategic report, 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;
- make judgments and accounting estimates that are reasonable and prudent; and
- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements.
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.
Auditor
Each of the persons who is a director at the date of approval of this report confirms that:
- so far as they are aware, there is no relevant audit information of which the company's auditor is unaware; and - they have taken all steps that they ought to have taken as a director to make themselves aware of any relevant audit information and to establish that the company's auditor is aware of that information.
A resolution to reappoint SRV Delson as auditor will be proposed at the forthcoming Annual General Meeting.
This report was approved by the board of directors on 06 November 2025 and signed on behalf of the board by:
Ankur Ghosh
Director
SSV Capital Plc
Independent auditor's report to the members of
SSV Capital Plc
Period ended 31 March 2025
Opinion
We have audited the financial statements of SSV Capital Plc (the 'company') for the period ended 31 March 2025 which comprise the statement of comprehensive income, statement of financial position, statement of changes in equity, statement of cash flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion, the financial statements: - give a true and fair view of the state of the company's affairs as at 31 March 2025 and of its profit for the period then ended; - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and - have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
Other Information
The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The directors are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the strategic report and the directors' report for the financial period for which the financial statements are prepared is consistent with the financial statements; and
- the strategic report and the directors' report has been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the directors' report. We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion: - adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or - the financial statements are not in agreement with the accounting records and the returns; or - certain disclosures of directors' remuneration specified by law are not made; or - we have not received all the information and explanations we require for our audit.
Responsibilities of directors
As explained more fully in the directors' responsibilities statement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.
Auditor's responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: Enquiry of management and those charged with governance around actual and potential litigation and claims; Performing audit work over the risk of management override of controls. including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for bias. Reviewing minutes of meetings of those charged with governance; Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations. Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. we also: - Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. - Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal control. - Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors. - Conclude on the appropriateness of the directors use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the company’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the company to cease to continue as a going concern. - Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditors report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.
Sailesh Rameshchandra Vaghjee (Senior Statutory Auditor)
For and on behalf of
SRV Delson
Chartered Certified Accountants and Statutory Auditors
Maruti House
1st Floor
369 Station Road
Harrow
HA1 2AW
06 November 2025
SSV Capital Plc
Statement of comprehensive income
Period ended 31 March 2025

|  |  |  | Period |  | Period |  |
|  |  |  | ended |  | ended |  |
|  |  |  | 31/03/25 |  | 31/01/25 |  |
|  | Note |  | £ |  | £ |  |
Turnover |  | 4 |  | 50,000 |  | 250,000 |  |
Cost of sales |  |  |  | - |  | - |  |
Administrative expenses |  |  |  | ( 6,441) |  | ( 31,998) |  |
Other operating income |  | 5 |  | - |  | 200 |  |
|  |  |  | _______ |  | _______ |  |
Operating profit |  | 6 |  | 43,559 |  | 218,202 |  |
Other interest receivable and similar income |  | 8 |  | 75,917 |  | 187 |  |
Interest payable and similar expenses |  | 9 |  | ( 37,737) |  | ( 189,023) |  |
|  |  |  | _______ |  | _______ |  |
Profit before taxation |  |  |  | 81,739 |  | 29,366 |  |
Tax on profit |  | 10 |  | - |  | - |  |
|  |  |  | _______ |  | _______ |  |
Profit for the financial period and total comprehensive income |  |  |  | 81,739 |  | 29,366 |  |
|  |  |  | _______ |  | _______ |  |

All the activities of the company are from continuing operations.
SSV Capital Plc
Statement of financial position
31 March 2025

|  |  | 31/03/25 |  |  |  | 31/01/25 |  |
|  | Note | £ |  | £ |  | £ |  | £
Fixed assets |  |  |  |  |  |  |  |  |
Tangible assets |  | 12 | 154,343 |  |  |  | 158,883 |  |
Investments |  | 13 | 18,000 |  |  |  | 14,000 |  |
|  |  | _______ |  |  |  | _______ |  |
|  |  |  |  | 172,343 |  |  |  | 172,883
Current assets |  |  |  |  |  |  |  |  |
Debtors |  | 14 | 1,022,797 |  |  |  | 3,337,086 |  |
Cash at bank and in hand |  |  | 3,168,762 |  |  |  | 63,441 |  |
|  |  | _______ |  |  |  | _______ |  |
|  |  | 4,191,559 |  |  |  | 3,400,527 |  |
Creditors: amounts falling due |  |  |  |  |  |  |  |  |
within one year |  | 15 | ( 3,107,820) |  |  |  | ( 2,731,876) |  |
|  |  | _______ |  |  |  | _______ |  |
Net current assets |  |  |  |  | 1,083,739 |  |  |  | 668,651
|  |  |  |  | _______ |  |  |  | _______
Total assets less current liabilities |  |  |  |  | 1,256,082 |  |  |  | 841,534
Creditors: amounts falling due |  |  |  |  |  |  |  |  |
after more than one year |  | 16 |  |  | ( 489,777) |  |  |  | ( 303,868)
Accruals and deferred income |  |  |  |  | ( 11,200) |  |  |  | ( 9,300)
|  |  |  |  | _______ |  |  |  | _______
Net assets |  |  |  |  | 755,105 |  |  |  | 528,366
|  |  |  |  | _______ |  |  |  | _______
Capital and reserves |  |  |  |  |  |  |  |  |
Called up share capital |  | 18 |  |  | 100,632 |  |  |  | 100,516
Share premium account |  | 19 |  |  | 543,368 |  |  |  | 398,484
Profit and loss account |  | 19 |  |  | 111,105 |  |  |  | 29,366
|  |  |  |  | _______ |  |  |  | _______
Shareholders funds |  |  |  |  | 755,105 |  |  |  | 528,366
|  |  |  |  | _______ |  |  |  | _______

These financial statements were approved by the board of directors and authorised for issue on 06 November 2025 , and are signed on behalf of the board by:
Ankur Ghosh
Director
Company registration number: 15413294
SSV Capital Plc
Statement of changes in equity
Period ended 31 March 2025

|  | Called up share capital | Share premium account |  | Profit and loss account | Total |  |  |  |
|  | £ | £ |  | £ | £ |  |  |  |
At 15 January 2023 |  | - | - |  | - | - |  |  |  |
Profit for the period |  |  |  |  | 29,366 | 29,366 |  |  |  |
|  | _______ | _______ |  | _______ | _______ |  |  |  |
Total comprehensive income for the period |  | - | - |  | 29,366 | 29,366 |  |  |  |
Issue of shares |  | 100,516 | 398,484 |  |  | 499,000 |  |  |  |
|  | _______ | _______ |  | _______ | _______ |  |  |  |
Total investments by and distributions to owners |  | 100,516 | 398,484 |  | - | 499,000 |  |  |  |
|  | _______ | _______ |  | _______ | _______ |  |  |  |
At 31 January 2025 and 1 February 2025 |  | 100,516 | 398,484 |  | 29,366 | 528,366 |  |  |  |
Profit for the period |  |  |  |  | 81,739 | 81,739 |  |  |  |
|  | _______ | _______ |  | _______ | _______ |  |  |  |
Total comprehensive income for the period |  | - | - |  | 81,739 | 81,739 |  |  |  |
Issue of shares |  | 116 | 144,884 |  |  | 145,000 |  |  |  |
|  | _______ | _______ |  | _______ | _______ |  |  |  |
Total investments by and distributions to owners |  | 116 | 144,884 |  | - | 145,000 |  |  |  |
|  | _______ | _______ |  | _______ | _______ |  |  |  |
At 31 March 2025 |  | 100,632 | 543,368 |  | 111,105 | 755,105 |  |  |  |
|  | _______ | _______ |  | _______ | _______ |  |  |  |

SSV Capital Plc
Statement of cash flows
Period ended 31 March 2025

|  | Period |  | Period |
|  | ended |  | ended |
|  | 31/03/25 |  | 31/01/25 |
|  | £ |  | £ |
Cash flows from operating activities |  |  |  |  |
Profit for the financial period |  | 81,739 |  | 29,366 |
Adjustments for: |  |  |  |  |
Depreciation of tangible assets |  | 4,540 |  | 22,698 |
Other interest receivable and similar income |  | ( 75,917) |  | ( 187) |
Interest payable and similar expenses |  | 37,737 |  | 189,023 |
Accrued expenses/(income) |  | 1,900 |  | 9,300 |
Changes in: |  |  |  |  |
Trade and other debtors |  | 2,314,289 |  | ( 3,337,086) |
Trade and other creditors |  | 375,944 |  | 2,731,876 |
|  | _______ |  | _______ |
Cash generated from operations |  | 2,740,232 |  | ( 355,010) |
Interest paid |  | ( 37,737) |  | ( 189,023) |
Interest received |  | 75,917 |  | 187 |
|  | _______ |  | _______ |
Net cash from/(used in) operating activities |  | 2,778,412 |  | ( 543,846) |
|  | _______ |  | _______ |
Cash flows from investing activities |  |  |  |  |
Purchase of tangible assets |  | - |  | ( 181,581) |
Acquisition of subsidiaries |  | ( 4,000) |  | ( 14,000) |
|  | _______ |  | _______ |
Net cash used in investing activities |  | ( 4,000) |  | ( 195,581) |
|  | _______ |  | _______ |
Cash flows from financing activities |  |  |  |  |
Proceeds from issue of ordinary shares |  | 145,000 |  | 499,000 |
Proceeds from borrowings |  | 185,909 |  | 303,868 |
|  | _______ |  | _______ |
Net cash from financing activities |  | 330,909 |  | 802,868 |
|  | _______ |  | _______ |
Net increase/(decrease) in cash and cash equivalents |  | 3,105,321 |  | 63,441 |
Cash and cash equivalents at beginning of period |  | 63,441 |  | - |
|  | _______ |  | _______ |
Cash and cash equivalents at end of period |  | 3,168,762 |  | 63,441 |
|  | _______ |  | _______ |

SSV Capital Plc
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 SSV Capital Plc, Level 18, 40 Bank Street, Canary Wharf, London, E14 5NR.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, '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.
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.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
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.
4. Turnover
The whole of the turnover is attributable to the principal activity of the company wholly undertaken in the United Kingdom.
5. Other operating income

|  |  | Period | Period
|  |  | ended | ended
|  |  | 31/03/25 | 31/01/25
|  |  | £ | £
| Other operating income |  | - | 200
|  |  | _______ | _______

6. Operating profit
Operating profit is stated after charging/(crediting):

|  |  |  | Period | Period
|  |  |  | ended | ended
|  |  |  | 31/03/25 | 31/01/25
|  |  |  | £ | £
| Depreciation of tangible assets |  |  | 4,540 | 22,698
| Fees payable for the audit of the financial statements |  |  | 1,900 | 9,300
|  |  |  | _______ | _______

7. Employee numbers
The average number of persons employed by the company during the period amounted to Nil (2025: Nil).
8. Other interest receivable and similar income

|  |  | Period | Period
|  |  | ended | ended
|  |  | 31/03/25 | 31/01/25
|  |  | £ | £
| Bank deposits |  | 33 | 187
| Other interest receivable and similar income |  | 75,884 | -
|  |  | _______ | _______
|  |  | 75,917 | 187
|  |  | _______ | _______

9. Interest payable and similar expenses

|  |  |  | Period | Period
|  |  |  | ended | ended
|  |  |  | 31/03/25 | 31/01/25
|  |  |  | £ | £
| Other loans made to the company: |  |  |  |
|  | Other interest on other loans made to the company |  | 37,737 | 189,023
|  |  |  | _______ | _______
|  |  |  | 37,737 | 189,023
|  |  |  | _______ | _______

10. Tax on profit
No provision for corporation tax has been made in these financial statements due to tax losses incurred during the period.
11. Earnings per share
Basic earnings/(loss) per share
The earnings/(loss) and weighted average number of shares used in the calculation of basic earnings/(loss) per share are as follows:

|  |  | Period | Period
|  |  | ended | ended
|  |  | 31/03/25 | 31/01/25
|  |  | £ | £
| Profit for the period attributable to the owners of the company |  | 81,739 | 29,366
|  |  | _______ | _______

Diluted earnings/(loss) per share
The earnings/(loss) and weighted average number of shares used in the calculation of diluted earnings/(loss) per share are as follows:

|  |  | Period | Period
|  |  | ended | ended
|  |  | 31/03/25 | 31/01/25
|  |  | £ | £
| Earnings/(loss) used in calculation of basic earnings/(loss) per share |  | 81,739 | 29,366
|  |  | _______ | _______

12. Tangible assets

|  | Fixtures, fittings and equipment | Total |  |  |  |  |
|  | £ | £ |  |  |  |  |
| Cost |  |  |  |  |  |  |
| At 1 February 2025 and 31 March 2025 | 181,581 | 181,581 |  |  |  |  |
|  | _______ | _______ |  |  |  |  |
| Depreciation |  |  |  |  |  |  |
| At 1 February 2025 | 22,698 | 22,698 |  |  |  |  |
| Charge for the year | 4,540 | 4,540 |  |  |  |  |
|  | _______ | _______ |  |  |  |  |
| At 31 March 2025 | 27,238 | 27,238 |  |  |  |  |
|  | _______ | _______ |  |  |  |  |
| Carrying amount |  |  |  |  |  |  |
| At 31 March 2025 | 154,343 | 154,343 |  |  |  |  |
|  | _______ | _______ |  |  |  |  |
| At 31 January 2025 | 158,883 | 158,883 |  |  |  |  |
|  | _______ | _______ |  |  |  |  |

13. Investments

|  | Shares in group undertakings | Total |  |  |  |
|  | £ | £ |  |  |  |
| Cost |  |  |  |  |  |
| At 1 February 2025 | 14,000 | 14,000 |  |  |  |
| Additions | 4,000 | 4,000 |  |  |  |
|  | _______ | _______ |  |  |  |
| At 31 March 2025 | 18,000 | 18,000 |  |  |  |
|  | _______ | _______ |  |  |  |
| Impairment |  |  |  |  |  |
| At 1 February 2025 and 31 March 2025 | - | - |  |  |  |
|  | _______ | _______ |  |  |  |
| Carrying amount |  |  |  |  |  |
| At 31 March 2025 | 18,000 | 18,000 |  |  |  |
|  | _______ | _______ |  |  |  |
| At 31 January 2025 | 14,000 | 14,000 |  |  |  |
|  | _______ | _______ |  |  |  |

| Investments in group undertakings |  |  |  |
|  |  | Registered office | Class of share | Percentage of shares
| Subsidiary undertakings |  |  |  |
| SSV Capital Partners Limited |  | Level 18 40 Bank Street Canary Wharf London E14 5NR | Ordinary shares | 100
| Participating interest |  |  |  |
| SSV Smart Pay Limited |  | Level 18 40 Bank Street Canary Wharf London E14 5NR | Ordinary | 30

14. Debtors

|  |  | 31/03/25 | 31/01/25
|  |  | £ | £
| Called up share capital not paid |  | 87,500 | 87,500
| Other debtors |  | 935,297 | 3,249,586
|  |  | _______ | _______
|  |  | 1,022,797 | 3,337,086
|  |  | _______ | _______

No money have been called for the unpaid share capital and the directors are confident when the calls are made, the amount will be received.
15. Creditors: amounts falling due within one year

|  |  | 31/03/25 | 31/01/25
|  |  | £ | £
| Trade creditors |  | 23,336 | -
| Other creditors |  | 3,084,484 | 2,731,876
|  |  | _______ | _______
|  |  | 3,107,820 | 2,731,876
|  |  | _______ | _______

The loan of £2,757,192 was repaid post year end.
16. Creditors: amounts falling due after more than one year

|  |  | 31/03/25 | 31/01/25
|  |  | £ | £
| Debenture loans |  | 489,777 | 303,868
|  |  | _______ | _______

The company has provided a fixed charge and floating charge which covers all the property or undertaking of the company.
17. 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.
18. Called up share capital
Issued and called up

|  |  | 31/03/25 |  |  |  | 31/01/25 |  |
|  |  | No |  | £ |  | No |  | £
| Ordinary A shares shares of £ 0.01 each |  | 7,500,000 |  | 75,000 |  | 7,500,000 |  | 75,000
| Ordinary B shares shares of £ 0.01 each |  | 2,500,000 |  | 25,000 |  | 2,500,000 |  | 25,000
| Preference shares shares of £ 0.0010 each |  | 632,000 |  | 632 |  | 632,000 |  | 632
|  |  | _______ |  | _______ |  | _______ |  | _______
|  |  | 10,632,000 |  | 100,632 |  | 10,632,000 |  | 100,632
|  |  | _______ |  | _______ |  | _______ |  | _______

Issued and fully paid

|  |  | 31/03/25 |  |  |  | 31/01/25 |  |
|  |  | No |  | £ |  | No |  | £
| Preference shares shares of £ 0.001 each |  | 632,000 |  | 632 |  | 632,000 |  | 632
|  |  | _______ |  | _______ |  | _______ |  | _______

Issued and partly paid

|  |  | 31/03/25 |  |  |  | 31/01/25 |  |
|  |  | No |  | £ |  | No |  | £
| Ordinary A shares of £0.01 each. Amount paid |  | 7,500,000 |  | 9,375 |  | 7,500,000 |  | 9,375
| Ordinary B shares of £0.01 each - Amount paid |  | 2,500,000 |  | 3,125 |  | 2,500,000 |  | 3,125
|  |  | _______ |  | _______ |  | _______ |  | _______
|  |  | 10,000,000 |  | 12,500 |  | 10,000,000 |  | 12,500
|  |  | _______ |  | _______ |  | _______ |  | _______

Called up share capital represents the nominal value of shares that have been issued.
19. Reserves
The profit & loss reserves include all current and prior years retained profit and losses
20. Analysis of changes in net debt

|  | At 1 February 2025 | Cash flows | At 31 March 2025 |  |  |
|  | £ | £ | £ |  |  |
| Cash and cash equivalents | 63,441 | 3,105,321 | 3,168,762 |  |  |
| Debt due after one year | (303,868) | (185,909) | (489,777) |  |  |
|  | _______ | _______ | _______ |  |  |
|  | ( 240,427) | 2,919,412 | 2,678,985 |  |  |
|  | _______ | _______ | _______ |  |  |

21. Related party transactions
At the period end the company was owed £834,723 from companies within the group.
22. Controlling party
The ultimate controlling interest is held by the director Ankur Gosh