IRIS Accounts Production v25.4.0.155 12301986 Board of Directors 1.4.24 31.3.25 31.3.25 0 0 false true false false true false A Ordinary 2.00000 B Ordinary 0.01000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 12301986 2024-03-31 12301986 2025-03-31 12301986 2024-04-01 2025-03-31 12301986 2023-03-31 12301986 2023-04-01 2024-03-31 12301986 2024-03-31 12301986 ns15:EnglandWales 2024-04-01 2025-03-31 12301986 ns14:PoundSterling 2024-04-01 2025-03-31 12301986 ns10:Director1 2024-04-01 2025-03-31 12301986 ns10:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 12301986 ns10:SmallEntities 2024-04-01 2025-03-31 12301986 ns10:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 12301986 ns10:SmallCompaniesRegimeForDirectorsReport 2024-04-01 2025-03-31 12301986 ns10:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 12301986 ns10:FullAccounts 2024-04-01 2025-03-31 12301986 ns10:OrdinaryShareClass1 2024-04-01 2025-03-31 12301986 ns10:OrdinaryShareClass2 2024-04-01 2025-03-31 12301986 ns10:Director2 2024-04-01 2025-03-31 12301986 ns10:RegisteredOffice 2024-04-01 2025-03-31 12301986 ns5:CurrentFinancialInstruments 2025-03-31 12301986 ns5:CurrentFinancialInstruments 2024-03-31 12301986 ns5:ShareCapital 2025-03-31 12301986 ns5:ShareCapital 2024-03-31 12301986 ns5:RetainedEarningsAccumulatedLosses 2025-03-31 12301986 ns5:RetainedEarningsAccumulatedLosses 2024-03-31 12301986 ns5:ComputerEquipment 2024-04-01 2025-03-31 12301986 ns5:ComputerEquipment 2024-03-31 12301986 ns5:ComputerEquipment 2025-03-31 12301986 ns5:ComputerEquipment 2024-03-31 12301986 ns5:CostValuation ns5:ListedExchangeTraded 2024-03-31 12301986 ns5:UnlistedNon-exchangeTraded ns5:CostValuation 2024-03-31 12301986 ns5:AdditionsToInvestments ns5:ListedExchangeTraded 2025-03-31 12301986 ns5:AdditionsToInvestments ns5:UnlistedNon-exchangeTraded 2025-03-31 12301986 ns5:ListedExchangeTraded ns5:DisposalsRepaymentsInvestments 2025-03-31 12301986 ns5:UnlistedNon-exchangeTraded ns5:DisposalsRepaymentsInvestments 2025-03-31 12301986 ns5:RevaluationsIncreaseDecreaseInInvestments ns5:ListedExchangeTraded 2025-03-31 12301986 ns5:UnlistedNon-exchangeTraded ns5:RevaluationsIncreaseDecreaseInInvestments 2025-03-31 12301986 ns5:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments ns5:ListedExchangeTraded 2025-03-31 12301986 ns5:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments ns5:UnlistedNon-exchangeTraded 2025-03-31 12301986 ns5:CostValuation ns5:ListedExchangeTraded 2025-03-31 12301986 ns5:UnlistedNon-exchangeTraded ns5:CostValuation 2025-03-31 12301986 ns5:ListedExchangeTraded 2025-03-31 12301986 ns5:UnlistedNon-exchangeTraded 2025-03-31 12301986 ns5:ListedExchangeTraded 2024-03-31 12301986 ns5:UnlistedNon-exchangeTraded 2024-03-31 12301986 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-03-31 12301986 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-03-31 12301986 ns10:OrdinaryShareClass1 2025-03-31 12301986 ns10:OrdinaryShareClass2 2025-03-31 12301986 1 2024-04-01 2025-03-31

REGISTERED NUMBER: 12301986 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

SORVEN CAPITAL LIMITED

| SORVEN CAPITAL LIMITED (REGISTERED NUMBER: 12301986) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page |

| Company Information | 1 |

| Statement of Financial Position | 2 |

| Notes to the Financial Statements | 3 |

| SORVEN CAPITAL LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 MARCH 2025

| DIRECTORS: | M P Sorensen

| E C Sorensen

| REGISTERED OFFICE: | Farncombe House

| Farncombe

| Broadway

| Worcestershire

| WR12 7LJ

| REGISTERED NUMBER: | 12301986 (England and Wales)

| ACCOUNTANTS: | Crowe U.K. LLP

| 4th Floor

| St James House

| St James Square

| Cheltenham

| Gloucestershire

| GL50 3PR

| SORVEN CAPITAL LIMITED (REGISTERED NUMBER: 12301986) |

STATEMENT OF FINANCIAL POSITION

31 MARCH 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 20,002 |  | 5,136 |  |

Investments | 5 | 9,624,710 |  | 9,145,114 |  |

9,644,712 |  | 9,150,250 |  |

CURRENT ASSETS

Debtors | 6 | 569,379 |  | - |  |

Cash at bank | 1,553,719 |  | 622,636 |  |

2,123,098 |  | 622,636 |  |

CREDITORS

Amounts falling due within one year | 7 | 10,324,848 |  | 9,219,069 |  |

NET CURRENT LIABILITIES | (8,201,750 | ) | (8,596,433 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,442,962 |  | 553,817 |  |

CAPITAL AND RESERVES

Called up share capital | 8 | 11 |  | 11 |  |

Retained earnings | 1,442,951 |  | 553,806 |  |

SHAREHOLDERS' FUNDS | 1,442,962 |  | 553,817 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 December 2025 and were signed on its behalf by:

M P Sorensen - Director

| SORVEN CAPITAL LIMITED (REGISTERED NUMBER: 12301986) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1. | STATUTORY INFORMATION

| Sorven Capital Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

| The directors have reviewed the company's finances which confirm that the company has adequate support and funding available to continue to operate for the foreseeable future. The company relies upon the loans provided by the directors, included within other creditors. The directors therefore believe there are no material uncertainties that call into doubt the company's ability to continue to adopt the going concern basis of accounting in preparing the annual financial statements.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Turnover represents investment income received during the period.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Office equipment | - | 10% on cost

| Taxation

| Taxation for the year comprises current and deferred tax. 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 equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

| Foreign currencies

| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

| SORVEN CAPITAL LIMITED (REGISTERED NUMBER: 12301986) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

2. | ACCOUNTING POLICIES - continued

| Valuation of investments

| Investments in listed company shares are remeasured to market value at each Statement of Financial Position date. Gains and losses on remeasurement are recognised in Statement of Comprehensive Income for the period.

| Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each Statement of Financial Position date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

| Cash at bank

| Cash at bank includes cash, cash equivalents and short-term liquid investments that are readily convertible to cash.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was NIL (2024 - NIL).

4. | TANGIBLE FIXED ASSETS

| Office

| equipment

£ |

| Cost

| At 1 April 2024 | 6,223 |  |

| Additions | 17,384 |  |

| At 31 March 2025 | 23,607 |  |

| Depreciation

| At 1 April 2024 | 1,087 |  |

| Charge for year | 2,518 |  |

| At 31 March 2025 | 3,605 |  |

| Net book value

| At 31 March 2025 | 20,002 |  |

| At 31 March 2024 | 5,136 |  |

5. | FIXED ASSET INVESTMENTS

| Listed |  | Unlisted |

| investments |  | investments |  | Totals

£ | £ | £ |

| Cost or valuation

| At 1 April 2024 | 7,218,627 |  | 1,926,487 |  | 9,145,114 |  |

| Additions | 1,000,215 |  | 5,606,887 |  | 6,607,102 |  |

| Disposals | - |  | (5,345,440 | ) | (5,345,440 | ) |

| Revaluations | (360,670 | ) | - |  | (360,670 | ) |

| Impairments | - |  | (421,396 | ) | (421,396 | ) |

| At 31 March 2025 | 7,858,172 |  | 1,766,538 |  | 9,624,710 |  |

| Net book value

| At 31 March 2025 | 7,858,172 |  | 1,766,538 |  | 9,624,710 |  |

| At 31 March 2024 | 7,218,627 |  | 1,926,487 |  | 9,145,114 |  |

| SORVEN CAPITAL LIMITED (REGISTERED NUMBER: 12301986) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

5. | FIXED ASSET INVESTMENTS - continued

| Cost or valuation at 31 March 2025 is represented by:

| Listed |  | Unlisted |

| investments |  | investments |  | Totals

£ | £ | £ |

| Valuation in 2021 | 1,521,196 |  | - |  | 1,521,196 |  |

| Valuation in 2022 | (1,777,185 | ) | (838,552 | ) | (2,615,737 | ) |

| Valuation in 2023 | (544,556 | ) | (608,035 | ) | (1,152,591 | ) |

| Valuation in 2024 | 421,322 |  | (75,000 | ) | 346,322 |  |

| Valuation in 2025 | (360,670 | ) | (421,396 | ) | (782,066 | ) |

| Cost | 8,598,065 |  | 3,709,521 |  | 12,307,586 |  |

7,858,172 |  | 1,766,538 |  | 9,624,710 |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Other debtors | 569,379 |  | - |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade creditors | 9,600 |  | - |  |

| Taxation and social security | 53,995 |  | 7,713 |  |

| Other creditors | 10,261,253 |  | 9,211,356 |  |

10,324,848 |  | 9,219,069 |  |

8. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 2 | A Ordinary | 2 | 2 |  | 2 |  |

| 900 | B Ordinary | 0.01 | 9 |  | 9 |  |

11 |  | 11 |  |

9. | RELATED PARTY DISCLOSURES

| Included in creditors: amounts falling due within one year are directors' loan accounts in the sum of £8,042,253 (2024: £6,977,396) which have been provided by Mr MP Sorensen £4,021,127 (2024:£3,488,698) and Mrs EC Sorensen £4,021,126 (2024: £3,488,698). The loans are unsecured, interest free and carry no fixed date of repayment.

| Mr MP Sorensen is also a director of Skagen Conscience Capital Limited. During the period, Skagen Conscience Capital Limited provided management services to the company totalling £3,595 (2024: £18,825) and £nil (2024: £5,000) of this was outstanding at the balance sheet date and included in other creditors. The services provided related to the administration of the company.

| Skagen Conscience Capital Limited also sublet a room to the company during the prior year. The costs incurred were £nil (2024: £8,100) and £nil (2023: £nil) was outstanding at the balance sheet date and included within other creditors.

| Mr M P Sorensen is also a director of Sorven Partners Limited. During the period, the company received management services from Sorven Partners Limited totalling £29,472 and £nil of this was outstanding at the balance sheet date. The services provided related to the administration of Sorven Capital Limited.

| SORVEN CAPITAL LIMITED (REGISTERED NUMBER: 12301986) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

10. | POST BALANCE SHEET EVENTS

| Following the Statement of Financial Position date, one of the investments entered voluntary liquidation. This constitutes a non-adjusting event after the end of the reporting period as defined by FRS 102. Based on information available, it is probable that the investment will be impaired in the next financial year. No adjustment has been made to these financial statements as the event occurred after the reporting date.