Silverfin false false 30/04/2025 01/05/2024 30/04/2025 Neena Khagram 20/04/2016 Pradip Khagram 20/04/2016 Sahil Khagram 20/04/2016 Shanil Khagram 20/04/2016 23 January 2026 Traditionally, the company's principal activity has been the holding of investment property for rental purposes. The directors have since committed to a strategic change and the rental activity has been replaced as the company's principal activity by the opportunity to make short term loans to third party borrowers secured against real estate and the opportunity to trade properties. 10134998 2025-04-30 10134998 bus:Director1 2025-04-30 10134998 bus:Director2 2025-04-30 10134998 bus:Director3 2025-04-30 10134998 bus:Director4 2025-04-30 10134998 2024-04-30 10134998 core:CurrentFinancialInstruments 2025-04-30 10134998 core:CurrentFinancialInstruments 2024-04-30 10134998 core:Non-currentFinancialInstruments 2025-04-30 10134998 core:Non-currentFinancialInstruments 2024-04-30 10134998 core:ShareCapital 2025-04-30 10134998 core:ShareCapital 2024-04-30 10134998 core:SharePremium 2025-04-30 10134998 core:SharePremium 2024-04-30 10134998 core:RevaluationReserve 2025-04-30 10134998 core:RevaluationReserve 2024-04-30 10134998 core:RetainedEarningsAccumulatedLosses 2025-04-30 10134998 core:RetainedEarningsAccumulatedLosses 2024-04-30 10134998 core:OfficeEquipment 2024-04-30 10134998 core:OfficeEquipment 2025-04-30 10134998 core:CostValuation 2024-04-30 10134998 core:AdditionsToInvestments 2025-04-30 10134998 core:DisposalsRepaymentsInvestments 2025-04-30 10134998 core:FurtherSpecificIncreaseDecreaseInInvestments1ComponentTotalChangeInInvestments 2025-04-30 10134998 core:CostValuation 2025-04-30 10134998 core:MoreThanFiveYears 2025-04-30 10134998 core:MoreThanFiveYears 2024-04-30 10134998 2023-04-30 10134998 core:RevaluationInvestmentPropertyDeferredTax 2025-04-30 10134998 core:RevaluationInvestmentPropertyDeferredTax 2024-04-30 10134998 bus:OrdinaryShareClass1 2025-04-30 10134998 bus:PreferenceShareClass1 2025-04-30 10134998 2024-05-01 2025-04-30 10134998 bus:FilletedAccounts 2024-05-01 2025-04-30 10134998 bus:SmallEntities 2024-05-01 2025-04-30 10134998 bus:AuditExemptWithAccountantsReport 2024-05-01 2025-04-30 10134998 bus:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 10134998 bus:Director1 2024-05-01 2025-04-30 10134998 bus:Director2 2024-05-01 2025-04-30 10134998 bus:Director3 2024-05-01 2025-04-30 10134998 bus:Director4 2024-05-01 2025-04-30 10134998 core:OfficeEquipment core:BottomRangeValue 2024-05-01 2025-04-30 10134998 core:OfficeEquipment core:TopRangeValue 2024-05-01 2025-04-30 10134998 2023-05-01 2024-04-30 10134998 core:OfficeEquipment 2024-05-01 2025-04-30 10134998 core:Non-currentFinancialInstruments 2024-05-01 2025-04-30 10134998 bus:OrdinaryShareClass1 2024-05-01 2025-04-30 10134998 bus:OrdinaryShareClass1 2023-05-01 2024-04-30 10134998 bus:PreferenceShareClass1 2024-05-01 2025-04-30 10134998 bus:PreferenceShareClass1 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 10134998 (England and Wales)

# S&S CAPITAL PARTNERS LIMITED

### Unaudited Financial Statements
For the financial year ended 30 April 2025
Pages for filing with the registrar

S&S CAPITAL PARTNERS LIMITED

## Unaudited Financial Statements

For the financial year ended 30 April 2025

Contents

S&S CAPITAL PARTNERS LIMITED

## COMPANY INFORMATION

For the financial year ended 30 April 2025
S&S CAPITAL PARTNERS LIMITED

## COMPANY INFORMATION (continued)

For the financial year ended 30 April 2025

Directors | Neena Khagram
| Pradip Khagram
| Sahil Khagram
| Shanil Khagram

Secretary | Neena Khagram

Registered office | 5 Trevone Gardens
| Pinner
| HA5 5LW
| United Kingdom

Company number | 10134998 (England and Wales)

Accountant | Kreston Reeves LLP
| 37 St Margarets Street
| Canterbury
| Kent
| CT1 2TU

## ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF
THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF S&S CAPITAL PARTNERS LIMITED

For the financial year ended 30 April 2025

## ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF
THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF S&S CAPITAL PARTNERS LIMITED (continued)

For the financial year ended 30 April 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of S&S Capital Partners Limited for the financial year ended 30 April 2025 which comprise the Balance Sheet and the related notes 1 to 14 from the Company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/regulation.
It is your duty to ensure that S&S Capital Partners Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of S&S Capital Partners Limited. You consider that S&S Capital Partners Limited is exempt from the statutory audit requirement for the financial year.
We have not been instructed to carry out an audit or a review of the financial statements of S&S Capital Partners Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

This report is made solely to the Board of Directors of S&S Capital Partners Limited, as a body, in accordance with the terms of our engagement letter dated 07 December 2023. Our work has been undertaken solely to prepare for your approval the financial statements of S&S Capital Partners Limited and state those matters that we have agreed to state to the Board of Directors of S&S Capital Partners Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than S&S Capital Partners Limited and its Board of Directors as a body for our work or for this report.

Kreston Reeves LLP

37 St Margarets Street
Canterbury
Kent
CT1 2TU

23 January 2026

S&S CAPITAL PARTNERS LIMITED

## BALANCE SHEET

As at 30 April 2025
S&S CAPITAL PARTNERS LIMITED

## BALANCE SHEET (continued)

As at 30 April 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 2,841 |  | 1,220
Investment property | 4 | 6,998,120 |  | 6,998,120
Investments | 5 | 240,141 |  | 153,410
|  | 7,241,102 |  | 7,152,750
Current assets |  |  |  |
Stocks | 6 | 17,765 |  | 0
Debtors | 7 | 853,976 |  | 1,017,987
Cash at bank and in hand |  | 43,119 |  | 64,417
|  | 914,860 |  | 1,082,404
Creditors: amounts falling due within one year | 8 | ( 440,315) |  | ( 712,049)
Net current assets |  | 474,545 |  | 370,355
Total assets less current liabilities |  | 7,715,647 |  | 7,523,105
Creditors: amounts falling due after more than one year | 9 | ( 4,560,635) |  | ( 4,560,635)
Provision for liabilities | 10 | ( 116,826) |  | ( 116,826)
Net assets |  | 3,038,186 |  | 2,845,644
Capital and reserves |  |  |  |
Called-up share capital | 11 | 11,767 |  | 11,767
Share premium account |  | 2,208,378 |  | 2,208,378
Revaluation reserve | 13 | 335,307 |  | 335,307
Profit and loss account |  | 482,734 |  | 290,192
Total shareholders' funds |  | 3,038,186 |  | 2,845,644

For the financial year ending 30 April 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 financial year in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Comprehensive Income has not been delivered.

The financial statements of S&S Capital Partners Limited (registered number: 10134998) were approved and authorised for issue by the Board of Directors on 23 January 2026. They were signed on its behalf by:

Sahil Khagram Director |

S&S CAPITAL PARTNERS LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2025
S&S CAPITAL PARTNERS LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

S&S Capital Partners Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 5 Trevone Gardens, Pinner, HA5 5LW, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

##### Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

##### Finance costs

Finance costs are charged to the Statement of Comprehensive Income over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Office equipment | 2 - 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Properties whose fair value can be measured reliably are held under the revaluation model and are carried at a revalued amount, being their fair value at the date of valuation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The fair value of the land and buildings is usually considered to be their market value.
Revaluation gains and losses are recognised in other comprehensive income and accumulated in equity, except to the extent that a revaluation gain reverses a revaluation loss previously recognised in profit or loss or a revaluation loss exceeds the accumulated revaluation gains recognised in equity; such gains and losses are recognised in profit or loss.

##### Borrowing costs

Borrowing costs that are directly attributable to acquisition, construction or production of qualifying assets, are capitalised as part of the cost of those assets. Capitalisation begins when both finance costs and expenditures for the asset are being incurred and activities that are necessary to get the asset ready for use are in progress. Capitalisation ceases when substantially all the activities that are necessary to get the asset ready for use are complete.
All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Comprehensive Income as described below.

Financial assets
An asset is impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use.
Where indicators exist for a decrease in impairment loss, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.
For financial assets carried at amortised cost, the amount of impairment is the difference between the asset’s carrying amount and the present value of estimated future cash flows, discounted at the financial asset’s original effective interest rate.
For financial assets carried at cost less impairment, the impairment loss is the difference between the asset’s carrying amount and the best estimate of the amount that would be received for the asset if it were to be sold at the reporting date.
Where indicators exist for a decrease in impairment loss, and the decrease can be related objectively to an event occurring after the impairment was recognised, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired financial asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.

##### Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
The fair value is determined annually by external valuers and derived from current market rent and investment property yields for comparable real estate, adjusted if necessary, for any difference in nature, location or condition of the specific property.

##### Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

##### Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

##### Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

##### Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

##### Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).
When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 4 |  | 4

#### 3. Tangible assets

| Office equipment |  | Total
| £ |  | £
Cost |  |  |
At 01 May 2024 | 3,389 |  | 3,389
Additions | 3,088 |  | 3,088
Disposals | ( 1,340) |  | ( 1,340)
At 30 April 2025 | 5,137 |  | 5,137
Accumulated depreciation |  |  |
At 01 May 2024 | 2,169 |  | 2,169
Charge for the financial year | 1,402 |  | 1,402
Disposals | ( 1,275) |  | ( 1,275)
At 30 April 2025 | 2,296 |  | 2,296
Net book value |  |  |
At 30 April 2025 | 2,841 |  | 2,841
At 30 April 2024 | 1,220 |  | 1,220

#### 4. Investment property

| Investment property
| £
Valuation |
As at 01 May 2024 | 6,998,120
As at 30 April 2025 | 6,998,120

Valuation

The 2025 valuations were made by the directors, on an open market value for existing use basis.

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

| 2025 |  | 2024
| £ |  | £
Historic cost | 6,545,986 |  | 6,545,986

#### 5. Fixed asset investments

| Other investments |  | Total
| £ |  | £
Cost or valuation before impairment |  |  |
At 01 May 2024 | 153,410 |  | 153,410
Additions | 53,012 |  | 53,012
Disposals | ( 19,967) |  | ( 19,967)
Change in value of loans receivable | 53,686 |  | 53,686
At 30 April 2025 | 240,141 |  | 240,141
Carrying value at 30 April 2025 | 240,141 |  | 240,141
Carrying value at 30 April 2024 | 153,410 |  | 153,410

#### 6. Stocks

| 2025 |  | 2024
| £ |  | £
Stocks | 17,765 |  | 0

#### 7. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 746,136 |  | 0
Prepayments and accrued income | 31,653 |  | 32,047
Other debtors | 76,187 |  | 985,940
| 853,976 |  | 1,017,987

#### 8. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Trade creditors | 0 |  | 972
Taxation and social security | 46,237 |  | 36,735
Other creditors | 394,078 |  | 674,342
| 440,315 |  | 712,049

#### 9. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Bank loans (secured) | 4,560,635 |  | 4,560,635

Details of security provided:
The bank loans are secured by charges against the investment properties shown in investment in properties accounts.

Amounts repayable after more than 5 years are included in creditors falling due over one year:

| 2025 |  | 2024
| £ |  | £
Bank loans (secured) | 4,560,635 |  | 4,560,635

#### 10. Deferred tax

| 2025 |  | 2024
| £ |  | £
At the beginning of financial year | ( 116,826) |  | ( 116,826)
At the end of financial year | ( 116,826) |  | ( 116,826)

The deferred taxation balance is made up as follows:

| 2025 |  | 2024
| £ |  | £
Revaluation of investment property | ( 116,826) |  | ( 116,826)

#### 11. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
407 Ordinary shares of £ 1.00 each | 407 |  | 407
11,360 Preference shares of £ 1.00 each | 11,360 |  | 11,360
| 11,767 |  | 11,767

#### 12. Related party transactions

Other related party transactions

All transactions between the company and the directors were made under normal market conditions.

#### 13. Reserves

Revaluation reserve

The revaluation reserve is used to record the revaluation gains on the investment properties, less any related provision for deferred taxation.

Profit and loss account

The profit and loss account comprises all current and prior period retained profits and losses.

#### 14. Ultimate controlling party

The company is controlled by the board of directors.