Symvan Capital Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—7

1. General Information

Symvan Capital Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08772369 . The registered office is 2 London Wall Place, 6th Floor, London, EC2Y 5AU.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover represents net value of investment and fund management fees following investments made by SEIS & EIS Alternative Investment Funds that are managed by the company, and directors fees (where applicable) on an annual basis. Revenue from investment activity is recognised on the basis of the completion of the investment. Where an investment activity has 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 investment at the balance sheet date.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings	33%
Computer Equipment	33%

2.4. Financial Instruments

Financial instruments

The company has elected to apply the provisions of IFRS 9 Financial Instruments to all financial instruments.

Financial instruments are recognised in the balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Financial assets

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 financial 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.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss.

...CONTINUED

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Symvan Capital Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.4. Financial Instruments - continued

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all its liabilities.

Financial liabilities

Basic financial liabilities, including creditors, 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.

Derecognition of financial liabilities

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

Cash and cash equivalents

Cash and cash equivalents in the company balance sheet consist of cash at bank, in hand, demand deposits with banks and other receivables with an original maturity of less than a month.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.6. Pensions

The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

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Symvan Capital Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.7. Auditors' Remuneration

Fees payable to the company's auditors for the audit of the company's financial statements were £11,000 (2024 £11,000).

3. Average Number of Employees

Average number of employees, including directors, during the year was: 7 (2024: 7)

4. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 January 2025	728	8,809	9,537
Additions	-	2,868	2,868

As at 31 December 2025	728	11,677	12,405

Depreciation
As at 1 January 2025	728	7,515	8,243
Provided during the period	-	1,216	1,216

As at 31 December 2025	728	8,731	9,459

Net Book Value
As at 31 December 2025	-	2,946	2,946

As at 1 January 2025	-	1,294	1,294

5. Investments

	Unlisted
	£
Cost or Valuation
As at 1 January 2025	1,592,942
Revaluations	(1,342 )

As at 31 December 2025	1,591,600

Provision
As at 1 January 2025	-

As at 31 December 2025	-

Net Book Value
As at 31 December 2025	1,591,600

As at 1 January 2025	1,592,942

Investments other than associates, joint ventures and subsidiaries are valued at fair market value.

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Symvan Capital Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	105,943	197,763
Other debtors	562,624	351,241

	668,567	549,004

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	105,556	86,316
Bank loans and overdrafts	-	9,869
Other loans	37,188	12,132
Other creditors	82,616	303,902
Taxation and social security	27,104	37,255

	252,464	449,474

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	23,274	14,242
Other creditors	248,521	-
Taxation and social security	(3,250 )	-

	268,545	14,242

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	15,400	15,400

10. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

Loan due from director director £8,401 (2024 - £10,178)

Loan due to director £244,632 (2024 - £204,632)

The above loan is unsecured, interest free and repayable on demand.

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Symvan Capital Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

11. Reserves

	Share Premium	Other reserves	Fair value reserve	Profit and Loss Account
	£	£	£	£
As at 1 January 2025	187,600	20,292	1,139,187	13,689
Profit for the year and total comprehensive income	-	-	-	16,343

As at 31 December 2025	187,600	20,292	1,139,187	30,032

On 30 June 2015, the sum of £20,292 was transferred from Retained Earnings to a Non-Distributable Reserve, as shown above, set-up for the purposes of FCA requirements.

On 31 December 2021 the sum of £902,937 (the revaluation less the deferred taxation) was transferred to a non-distributable revaluation reserve, pending realisation of the asset.

12. Related Party Transactions

Other related party:

Introducer fees paid £58,649 (2024 - £50,546)

13. Contingent Liabilities

At the year end, the Company is involved in one legal claim relating to its role as director in an investee company, which is now in administration. The cost of the legal expenses is being met by the insurer. Based on legal advice received, the Company believes that the case will be resolved without further significant cost.

The Company is also a respondent to an Employment Tribunal case relating to its role as director in an investee company. The case is at an early stage and the costs to the Company, if any, are highly uncertain.

14. Audit Information

The auditor's report on the accounts of Symvan Capital Limited for the year ended 31 December 2025 was unqualified.

The auditor's report was signed by Peter Petrou (Senior Statutory Auditor) for and on behalf of Nicholas Peters & Co Limited , Statutory Auditor.

Nicholas Peters & Co Limited

2nd Floor

10-12 Bourlet Close

London

W1W 7BR

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		2,946		1,294
Investments	5		1,591,600		1,592,942

			1,594,546		1,594,236
CURRENT ASSETS
Debtors	6	668,567		549,004
Cash at bank and in hand		34,831		81,404

		703,398		630,408
Creditors: Amounts Falling Due Within One Year	7	(252,464 )		(449,474 )

NET CURRENT ASSETS (LIABILITIES)			450,934		180,934

TOTAL ASSETS LESS CURRENT LIABILITIES			2,045,480		1,775,170

Creditors: Amounts Falling Due After More Than One Year	8		(268,545 )		(14,242 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(384,424 )		(384,760 )

NET ASSETS			1,392,511		1,376,168

CAPITAL AND RESERVES
Called up share capital	9		15,400		15,400
Share premium account			187,600		187,600
Other reserves			20,292		20,292
Fair value reserve	11		1,139,187		1,139,187
Profit and Loss Account			30,032		13,689

SHAREHOLDERS' FUNDS			1,392,511		1,376,168