ACCOUNTS - Final Accounts preparation

Cash and cash equivalents

Registered number: 10737245

SFS LISTINGS LTD

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2024

SFS LISTINGS LTD

REGISTERED NUMBER: 10737245

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2024

	31 December	30 April
	2024	2024
Note	£	£

Fixed assets
Tangible Fixed Assets	4	-	79,171
		-	79,171
Current assets
Trade and other receivables	5	224,575	7,357
Cash at bank and in hand	6	10,859	165,229
		235,434	172,586
Current liabilities
Trade and other payables	7	(145,885)	(19,909)
Net current assets		89,549	152,677
Total assets less current liabilities		89,549	231,848

Net assets		89,549	231,848

Capital and reserves
Share capital	8	100	100
Retained earnings		89,449	231,748
Total equity		89,549	231,848

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

Joel Holland

Director

Date: 22 December 2025

The notes on pages 2 to 6 form part of these financial statements.

Page 1

SFS LISTINGS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

1.	General information

SFS Listings Limited (the "Company") is a private company limited by shares and is incorporated, domiciled and registered in England and Wales (Registered number: 10737245). The nature of the Company’s operations is set out in the Directors' Report on page 1. The address of its registered office is First Floor Templebeck, 10 Temple Beck, Bristol, B21 6FL.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

2.2

Going concern

The directors have placed a particular focus on the appropriateness of adopting the going concern basis in preparing the financial statements for the year ended 31 December 2024. Given the Company’s operating model, the directors believe that the Company has sufficient resources to meet its obligations as they fall due for the going concern assessment period to 1 January 2027. Based on this, together with available market information and the directors’ knowledge and experience of the Company, the directors continue to adopt the going concern basis in preparing the financial statements for the year ended 31 December 2024.

2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Page 2

SFS LISTINGS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Plant and machinery	-
Office equipment	-
Computer equipment	-	25%	Reducing balance
Other fixed assets	-	33%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.6

Trade and other receivables

Trade and other receivables are recognised initially at fair value, subsequently at amortised cost and, where relevant, adjusted for the time value of money. The Company assesses on a forward-looking basis, the expected recoverability associated with its trade receivables. If collection is expected in more than one year, the balance is presented within non-current assets.
In determining the expected recoverablility, the Company takes into account any recent payment behaviours and future expectations of likely default events (i.e. not making payment on the due date) based on individual customer credit ratings, actual or expected insolvency filings or company voluntary arrangements, likely deferrals of payments due and market expectations and trends in the wider macro-economic environment in which our customers operate.
Trade and other receivables are written off once all avenues to recover the balances are exhausted. Receivables written off are no longer subject to any enforcement activity

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SFS LISTINGS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.7

Cash and cash equivalents

Cash and cash equivalents comprise cash balances, deposits held at call with banks and other short-term highly liquid investments with original maturities of three months or fewer.

2.8

Trade and other payables

Trade and other payables with no stated interest rate and payable within one year are recorded at transaction price. Trade and other payables after one year are discounted based on the amortised cost method using the effective interest rate.

2.9

Expenses

Expenditure is expenses during the period.

2.10

Share capital

Ordinary shares are classified as equity.

2.11

Intercompany loans

Amounts due from Group undertakings
Amounts due from Group undertakings are recognised initially at fair value less attributable transaction costs. Subsequent to initial recognition, amounts due from Group undertakings are stated at amortised cost and, where relevant, adjusted for the time value of money. The Company assesses on a forward-looking basis, the recoverability losses associated with its amounts due from Group undertakings. A provision for impairment is made for the lifetime expected recoverability on initial recognition of the amounts due. If collection is expected in more than one year, the balance is presented within non-current assets.
In determining the expected recoverability, the Company takes into account any future expectations of likely default events based on the level of capitalisation of the counterparty, which is a fellow subsidairy undertaking of SFS Listings Limited.

Employees

The average monthly number of employees, including the Directors, during the period was as follows:

	2024	2023
	No.	No.

Average number of employees	2	3

Page 4

SFS LISTINGS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

4.	Tangible fixed assets

	Plant and machinery		Office equipment	Total
	£	£	£	£

At 1 May 2024	743	73,012	5,416	79,171
Disposals	(743)	(73,012)	(5,416)	(79,171)
At 31 December 2024	-	-	-	-

Net book value
At 31 December 2024	-	-	-	-

5.	Trade and other receivables

					31 December	30 April
					2024	2024
					£	£


Trade debtors	75	6,939
Amounts owed by group undertakings	218,944	-
Other debtors	5,556	-
Prepayments and accrued income	-	418
	224,575	7,357

The unsecured amounts owed from Group undertakings are interest free, unsecured, repayable on
demand and with no fixed repayment date

Cash at bank and in hand	10,859	165,229
	10,859	165,229

Page 5

SFS LISTINGS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024


Amounts due to related parties	-	-
Other creditors	9,616	19,037
Accruals and deferred income	136,269	872
	145,885	19,909

Authorised, allotted, called up and fully paid

100 (2024 - 100) Ordinary shares of £1.00 each	100	100

9.	Controlling party

The immediate parent company is Harvest Hosts (UK) Holding Co. Limited.
On 2 July 2024, Harvest Hosts (UK) Holding Co. Limited acquired 100% of the share capital in SFS Listings Limited. With effect from this date and as at 31 December 2024, the ultimate parent company and controlling party of SFS Listings Limited was Harvest Hosts OpCo LLC, which is registered in United States of America.

10.	Auditors' information

The auditors' report on the financial statements for the period ended 31 December 2024 was unqualified.

The audit report was signed on 22 December 2025 by Michael Marcus FCA FCCA (Senior Statutory Auditor) on behalf of TC Group.

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