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REGISTERED NUMBER: 10485128 (England and Wales)

Financial Statements

for the Year Ended 28 November 2024

for

SSV Investments Trading Limited

| SSV Investments Trading Limited (Registered number: 10485128) |

Contents of the Financial Statements

for the Year Ended 28 November 2024

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| SSV Investments Trading Limited |

Company Information

for the Year Ended 28 November 2024

| DIRECTOR: | A Seth

| REGISTERED OFFICE: | Oakwood Estate

| Chertsey Road

| Windlesham

| Surrey

| GU20 6HY

| REGISTERED NUMBER: | 10485128 (England and Wales)

| AUDITORS: | Butler & Co Audit Limited

| Chartered Accountants and Registered Auditors

| The Old Stables

| Sutton Manor Farm

| Bishops Sutton

| Alresford

| Hampshire

| SO24 0AA

| SSV Investments Trading Limited (Registered number: 10485128) |

Balance Sheet

28 November 2024

| 2024 | 2023 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 44,586 |  | 56,516 |  |

CURRENT ASSETS

Debtors | 5 | - |  | 108,288 |  |

Cash at bank | 3,442 |  | 18,397 |  |

3,442 |  | 126,685 |  |

CREDITORS

Amounts falling due within one year | 6 | 13,152,808 |  | 12,036,222 |  |

NET CURRENT LIABILITIES | (13,149,366 | ) | (11,909,537 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | (13,104,780 | ) | (11,853,021 | ) |

CREDITORS

Amounts falling due after more than one year | 7 | 34,204 |  | 40,522 |  |

NET LIABILITIES | (13,138,984 | ) | (11,893,543 | ) |

CAPITAL AND RESERVES

Called up share capital | 8 | 1 |  | 1 |  |

Retained earnings | (13,138,985 | ) | (11,893,544 | ) |

SHAREHOLDERS' FUNDS | (13,138,984 | ) | (11,893,543 | ) |

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 January 2026 and were signed by:

A Seth - Director

| SSV Investments Trading Limited (Registered number: 10485128) |

Notes to the Financial Statements

for the Year Ended 28 November 2024

1. | STATUTORY INFORMATION

| SSV Investments Trading 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.

| The presentation currency of the financial statements is the Pound Sterling (£).

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.

| Related party exemption

| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

| During the year, the company set up a bank account in its name on behalf of its parent company to facilitate payments for work undertaken on the Oakwood Estate which the parent company owns. With no legally binding agency agreement in place, the bank account has been brought into these accounts.

| Turnover

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

| Tangible fixed assets

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

| Plant and machinery | - | 33% reducing balance basis

| Fixtures and fittings | - | 33% reducing balance basis

| Motor vehicles | - | 20% reducing balance basis

| Computer equipment | - | 33% reducing balance basis

| Financial instruments

| Debtors

| Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

| Creditors

| Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

| Finance costs

| Finance costs are charge to the profit or loss over the term of the debt using the effective interest method so that 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.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

| SSV Investments Trading Limited (Registered number: 10485128) |

Notes to the Financial Statements - continued

for the Year Ended 28 November 2024

2. | ACCOUNTING POLICIES - continued

| Going concern

| The directors consider the going concern basis to be appropriate having paid due regard to the company's projected results during the twelve months from the date of the financial statements are approved and the anticipated cash flows, availability of support from its immediate parent undertaking SSV Investments Limited (including them not requesting any payments due to it by the company whilst any other creditors of the company remain unpaid, except to the extent that the company is able to discharge all its debts and liabilities as they fall due) and any other mitigating actions that can be taken during the period.

| Whilst a letter of support has been received from SSV Investments Limited, the company has a material uncertainty in relation to its going concern status as a result of its reliance on the support of SSV Investments Limited.

| Transfer pricing

| The UK’s transfer pricing legislation details how transactions between connected parties are handled and in common with many other countries is based on the internationally recognised ‘arm’s length principle’.

| The UK legislation allows only for a transfer pricing adjustment to increase taxable profits or reduce a tax loss. It is not possible to decrease profits or increase a tax loss.

| The ‘arm’s length principle’ applies to transactions between connected parties. For tax purposes such transactions are treated by reference to the profit that would have arisen if the transactions had been carried out under comparable conditions.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 15 (2023 - 12 ) .

4. | TANGIBLE FIXED ASSETS

| Fixtures |

| Plant and |  | and |  | Motor |  | Computer |

| machinery |  | fittings |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ | £ |

| COST

| At 29 November 2023 |

| and 28 November 2024 | 17,685 |  | 6,669 |  | 124,391 |  | 8,842 |  | 157,587 |  |

| DEPRECIATION

| At 29 November 2023 | 14,815 |  | 5,770 |  | 72,690 |  | 7,796 |  | 101,071 |  |

| Charge for year | 948 |  | 296 |  | 10,340 |  | 346 |  | 11,930 |  |

| At 28 November 2024 | 15,763 |  | 6,066 |  | 83,030 |  | 8,142 |  | 113,001 |  |

| NET BOOK VALUE

| At 28 November 2024 | 1,922 |  | 603 |  | 41,361 |  | 700 |  | 44,586 |  |

| At 28 November 2023 | 2,870 |  | 899 |  | 51,701 |  | 1,046 |  | 56,516 |  |

| Included within motor vehicles is a vehicle held under hire purchase. at the balance sheet date the net book value was £35,595 (2023 - £43,244), with depreciation charged at £8,649 (2023 - £10,811).

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

2024 | 2023 |

£ | £ |

| Prepayments | - |  | 108,288 |  |

| SSV Investments Trading Limited (Registered number: 10485128) |

Notes to the Financial Statements - continued

for the Year Ended 28 November 2024

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

2024 | 2023 |

£ | £ |

| Bank loans and overdrafts | 20,940 |  | - |  |

| Hire purchase contracts | 6,318 |  | 6,318 |  |

| Trade creditors | 74,970 |  | 63,464 |  |

| Amounts owed to group undertakings | 12,847,295 |  | 11,772,817 |  |

| Social security and other taxes | 19,586 |  | 49,686 |  |

| Other creditors | 29,400 |  | 57,976 |  |

| Directors' current accounts | 1,784 |  | 5,273 |  |

| Accrued expenses | 152,515 |  | 80,688 |  |

13,152,808 |  | 12,036,222 |  |

| Included within the balance owed to group undertaking is an amount of £329,828 (2023 - £232,708) which relates to the calculation of the transfer pricing adjustment.

| The hire purchase contract is secured against the asset to which it relates.

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2024 | 2023 |

£ | £ |

| Hire purchase contracts | 34,204 |  | 40,522 |  |

8. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2024 | 2023 |

| value: | £ | £ |

| 1 | Ordinary | £1 | 1 |  | 1 |  |

9. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

| The Report of the Auditors was unqualified.

| Mrs J M Butler FCA (Senior Statutory Auditor)

| for and on behalf of Butler & Co Audit Limited

10. | RELATED PARTY DISCLOSURES

| The company has taken advantage of the exemption under FRS 102 from disclosing any transactions and balances as they are a wholly owned subsidiary.

| During the year, the company set up a bank account in its name on behalf of its parent company to facilitate payments for work undertaken on the Oakwood Estate which the parent company owns. With no legally binding agency agreement in place, the bank account has been brought into these accounts.

11. | ULTIMATE CONTROLLING PARTY

| The immediate parent undertaking is SSV Investments Limited, a company incorporated in the British Virgin Islands. Its registered office is Craigmuir Chambers, P.O. Box 71, Road Town, Tortola, British Virgin Islands.