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Company No: 03973434 (England and Wales)

# SAFFRON HILL VENTURES LIMITED

### Unaudited Financial Statements
For the financial year ended 31 July 2025
Pages for filing with the registrar

SAFFRON HILL VENTURES LIMITED

## Unaudited Financial Statements

For the financial year ended 31 July 2025

Contents

SAFFRON HILL VENTURES LIMITED

## COMPANY INFORMATION

For the financial year ended 31 July 2025
SAFFRON HILL VENTURES LIMITED

## COMPANY INFORMATION (continued)

For the financial year ended 31 July 2025

Directors | R Bhatia
| D Landau
| G Tolhurst

Secretary | FW Stephens (Secretarial) Limited

Registered office | 2nd Floor 168 Shoreditch High Street
| London
| E1 6RA
| United Kingdom

Company number | 03973434 (England and Wales)

Accountant | Kreston Reeves LLP
| 2nd Floor
| 168 Shoreditch High Street
| London
| E1 6RA

SAFFRON HILL VENTURES LIMITED

## BALANCE SHEET

As at 31 July 2025
SAFFRON HILL VENTURES LIMITED

## BALANCE SHEET (continued)

As at 31 July 2025

| Note | 31.07.2025 |  | 31.07.2024
|  | £ |  | £
Current assets |  |  |  |
Debtors | 3 | 996,629 |  | 1,077,205
Cash at bank and in hand |  | 4,763 |  | 10,854
|  | 1,001,392 |  | 1,088,059
Creditors: amounts falling due within one year | 4 | ( 549,180) |  | ( 824,896)
Net current assets |  | 452,212 |  | 263,163
Total assets less current liabilities |  | 452,212 |  | 263,163
Net assets |  | 452,212 |  | 263,163
Capital and reserves |  |  |  |
Called-up share capital |  | 429,991 |  | 429,991
Profit and loss account |  | 22,221 |  | ( 166,828 )
Total shareholders' funds |  | 452,212 |  | 263,163

For the financial year ending 31 July 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 Saffron Hill Ventures Limited (registered number: 03973434) were approved and authorised for issue by the Board of Directors on 07 April 2026. They were signed on its behalf by:

D Landau Director |

SAFFRON HILL VENTURES LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2025
SAFFRON HILL VENTURES LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 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

Saffron Hill Ventures 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 2nd Floor 168 Shoreditch High Street, London, E1 6RA, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include 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 £.

##### Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.
Exchange differences are recognised in the Statement of Comprehensive Income in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

##### Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

##### 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.

##### 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.

##### 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.

##### 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.

##### 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.

##### Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

#### 2. Employees

| 31.07.2025 |  | 31.07.2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 3 |  | 3

#### 3. Debtors

| 31.07.2025 |  | 31.07.2024
| £ |  | £
Trade debtors | 0 |  | 38,887
Accrued income | 781,296 |  | 672,611
Other debtors | 215,333 |  | 365,707
| 996,629 |  | 1,077,205

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

| 31.07.2025 |  | 31.07.2024
| £ |  | £
Trade creditors | 5,469 |  | 8,228
Accruals | 358,444 |  | 78,697
Other creditors | 185,267 |  | 737,971
| 549,180 |  | 824,896

#### 5. Related party transactions

During the year David Landau, a director of the company, provided an interest free loan to the company. During the year loan repayments of £79,238 (2024: £1,032,422) were made and at the balance sheet date, a balance of £136,214 (2024: £215,452) was owed to David Landau.
At the balance sheet date, Mintwood AS, a related company, owed £164,393 to the company (2024 : £164,393) under an interest free loan.
During the year Saffron Hill Ventures 2 LP, a related company, had transactions with the company totalling £(547,389) (2024 : £666,557)
At the balance sheet date, a balance of £24,869 (2024: £522,519 (owed to)) was owed from Saffron Hill Ventures 2 LP a related company.
During the year Saffron Hill Ventures 3 LP, a related company, had transactions with the company totalling £73,922 (2024: £Nil). At the balance sheet date, a balance of £73,922 (2024: £Nil) was owed to Saffron Hill Ventures 3 LP.