Silverfin false false 31/03/2026 01/04/2025 31/03/2026 Victoria Catherine Hatwell 22/05/2025 12/04/2021 Carla Dee Stanton 31/05/2024 Julia Elizabeth Wood 30/04/2021 01 July 2026 The principal activity of the Company during the period was that of the provision of defence consultancy services to government and industry. 13182895 2026-03-31 13182895 bus:Director1 2026-03-31 13182895 bus:Director2 2026-03-31 13182895 bus:Director3 2026-03-31 13182895 core:CurrentFinancialInstruments 2026-03-31 13182895 core:CurrentFinancialInstruments 2025-03-31 13182895 2025-03-31 13182895 core:ShareCapital 2026-03-31 13182895 core:ShareCapital 2025-03-31 13182895 core:RetainedEarningsAccumulatedLosses 2026-03-31 13182895 core:RetainedEarningsAccumulatedLosses 2025-03-31 13182895 bus:OrdinaryShareClass1 2026-03-31 13182895 2025-04-01 2026-03-31 13182895 bus:FilletedAccounts 2025-04-01 2026-03-31 13182895 bus:SmallEntities 2025-04-01 2026-03-31 13182895 bus:AuditExemptWithAccountantsReport 2025-04-01 2026-03-31 13182895 bus:PrivateLimitedCompanyLtd 2025-04-01 2026-03-31 13182895 bus:Director1 2025-04-01 2026-03-31 13182895 bus:Director2 2025-04-01 2026-03-31 13182895 bus:Director3 2025-04-01 2026-03-31 13182895 2024-04-01 2025-03-31 13182895 bus:OrdinaryShareClass1 2025-04-01 2026-03-31 13182895 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 13182895 (England and Wales)

# SVGC ASSOCIATES LIMITED

### Unaudited Financial Statements
For the financial year ended 31 March 2026
Pages for filing with the registrar

SVGC ASSOCIATES LIMITED

## Unaudited Financial Statements

For the financial year ended 31 March 2026

Contents

SVGC ASSOCIATES LIMITED

## STATEMENT OF FINANCIAL POSITION

As at 31 March 2026
SVGC ASSOCIATES LIMITED

## STATEMENT OF FINANCIAL POSITION (continued)

As at 31 March 2026

| Note | 2026 |  | 2025
|  | £ |  | £
Current assets |  |  |  |
Debtors | 3 | 179,220 |  | 141,591
Cash at bank and in hand |  | 37,374 |  | 49,208
|  | 216,594 |  | 190,799
Creditors: amounts falling due within one year | 4 | ( 78,616) |  | ( 89,209)
Net current assets |  | 137,978 |  | 101,590
Total assets less current liabilities |  | 137,978 |  | 101,590
Net assets |  | 137,978 |  | 101,590
Capital and reserves |  |  |  |
Called-up share capital | 5 | 100 |  | 100
Profit and loss account |  | 137,878 |  | 101,490
Total shareholder's funds |  | 137,978 |  | 101,590

For the financial year ending 31 March 2026 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The member has 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 Income and Retained Earnings has not been delivered.

The financial statements of SVGC Associates Limited (registered number: 13182895) were approved and authorised for issue by the Board of Directors on 01 July 2026. They were signed on its behalf by:

Julia Elizabeth Wood Director |

SVGC ASSOCIATES LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2026
SVGC ASSOCIATES LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2026

##### 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

SVGC Associates 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 6 Drakes Mews, Crownhill, Milton Keynes, MK8 0ER, 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 £.

##### Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### 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 Statement of Financial Position date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Statement of Financial Position 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.

##### Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Statement of Financial Position.

##### 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 Statement of Financial Position date.

##### Impairment of assets

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

##### 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.

##### Ordinary share capital

The ordinary share capital of the Company is presented as equity.

#### 2. Employees

| 2026 |  | 2025
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 6 |  | 8

#### 3. Debtors

| 2026 |  | 2025
| £ |  | £
Amounts owed by Group undertakings | 179,156 |  | 140,464
Prepayments | 64 |  | 1,082
VAT recoverable | 0 |  | 45
| 179,220 |  | 141,591

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

| 2026 |  | 2025
| £ |  | £
Trade creditors | 124 |  | 0
Accruals | 46,239 |  | 58,587
Taxation and social security | 30,970 |  | 28,844
Other creditors | 1,283 |  | 1,778
| 78,616 |  | 89,209

#### 5. Called-up share capital

| 2026 |  | 2025
| £ |  | £
Allotted, called-up and fully-paid |  |  |
100 Ordinary shares of £ 1.00 each | 100 |  | 100

#### 6. Financial commitments

Pensions

The Company operates a defined contribution pension scheme for the directors and employees. The assets of the scheme are held separately from those of the Company in an independently administered fund.

| 2026 |  | 2025
| £ |  | £
Unpaid contributions due to the fund (inc. in other creditors) | 1,284 |  | 1,778

#### 7. Related party transactions

During the year the Company has taken advantage of the exemption in section 1AC.35 of FRS 102 to not disclose related party transactions with wholly owned subsidiaries within the group.