Securities Research Associates Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 04182832

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		741		229
Investments	5		15,335		15,335

			16,076		15,564
CURRENT ASSETS
Debtors	6	63,139		88,250
Cash at bank and in hand		48,135		18,359

		111,274		106,609
Creditors: Amounts Falling Due Within One Year	7	(77,958 )		(57,188 )

NET CURRENT ASSETS (LIABILITIES)			33,316		49,421

TOTAL ASSETS LESS CURRENT LIABILITIES			49,392		64,985

NET ASSETS			49,392		64,985

CAPITAL AND RESERVES
Called up share capital	8		100		100
Profit and Loss Account			49,292		64,885

SHAREHOLDERS' FUNDS			49,392		64,985

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Securities Research Associates Ltd

Balance Sheet (continued)

As At 31 March 2025

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.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Hon Timothy Lewin

Director

11/12/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Securities Research Associates Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 04182832 . The registered office is First Floor Offices Rock-A-Nore Road , Hastings, TN34 3DW.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Computer Equipment

25% on reducing balance

2.4. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

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Securities Research Associates Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

4. Tangible Assets

	Computer Equipment
	£
Cost
As at 1 April 2024	3,226
Additions	759

As at 31 March 2025	3,985

Depreciation
As at 1 April 2024	2,997
Provided during the period	247

As at 31 March 2025	3,244

Net Book Value
As at 31 March 2025	741

As at 1 April 2024	229

5. Investments

	Unlisted	Other	Total
	£	£	£
Cost
As at 1 April 2024	6,864	8,471	15,335

As at 31 March 2025	6,864	8,471	15,335

Provision
As at 1 April 2024	-	-	-

As at 31 March 2025	-	-	-

Net Book Value
As at 31 March 2025	6,864	8,471	15,335

As at 1 April 2024	6,864	8,471	15,335

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	20,868	64,080
Other debtors	42,271	24,170

	63,139	88,250

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Securities Research Associates Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	315	847
Other creditors	52,048	38,515
Taxation and social security	25,595	17,826

	77,958	57,188

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

9. Related Party Transactions

At the year end directors loan accounts existed and the director Hon Timothy Lewin was owed £2,653 (2024: £437).

There is no interest charged on this account and the amount is repayable on demand.

During the period, the Company traded with Arbat Capital Advisors Limited, which is associated by common directorate.

Services provided to Arbat Capital Advisors Ltd £86,990

Balance owed to Arbat Capital Advisors Ltd £2,529

As at 31st March 2025, the company held 100% of the shares in A2VE Capital Advisors Limited, an associated Company, with a net asset value at 31/12/2024 of £68,176.

Services provided to A2VE Capital Advisors Limited £48,900

Balance owed to A2VE Capital Advisors Limited £41,972

There is no interest charged on these accounts and the amounts are repayable on demand.

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