REGISTERED NUMBER: 09164342 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

SYMPHONY VENTURES LTD

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

-

-

Investments

6

1,173

3,277

1,173

3,277

CURRENT ASSETS

Debtors

7

2,302,491

990,029

Cash at bank

2,539

55,239

2,305,030

1,045,268

CREDITORS

Amounts falling due within one year

8

2,517,950

3,020,824

NET CURRENT LIABILITIES

(212,920

)

(1,975,556

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(211,747

)

(1,972,279

)

CAPITAL AND RESERVES

Called up share capital

9

880

880

Share premium

11,496,872

11,496,872

Capital contribution reserve

7,314,953

7,314,953

Retained earnings

(19,024,452

)

(20,784,984

)

(211,747

)

(1,972,279

)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 September 2026 and were signed on its behalf by:

I S Khosa - Director

1.	STATUTORY INFORMATION

Symphony Ventures Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

09164342

Registered office:

c/o CSC Cls (UK) Limited

5 Churchill Place 10th Floor

London

E14 5HU

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.

Going concern

The directors of Foundever Group S.A. are beginning a restructure of operations with a merger of Symphony Ventures Limited's operations into the wider group and closure of its two remaining subsidiaries. The company has begun to transition its business to a fellow subsidiary and it made its employees redundant at the year end. The directors are unsure when this restructure will be completed due to the complexities of closing the subsidiaries.These conditions indicate a material uncertainty exists that may cast doubt on whether the company will continue as a going concern in the foreseeable future.

The directors believe that preparing the financial statements on the going concern basis is appropriate while the timing of the final stages of the restructure are uncertain. The company has the continued financial support of the parent company, Foundever Group S.A.. The directors have received confirmation that Foundever Group S.A. intends to support the company in meeting its liabilities as required and is in a position to do so.

Preparation of consolidated financial statements

The financial statements contain information about Symphony Ventures Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

Turnover represents revenue in respect of software sales, consulting, service and training contracts, net of discounts and value added tax.

Revenue for the sale of software is recognised when the company has transferred the risks and rewards of ownership to the customer.

Revenue from long term consulting, support and training contracts is recognised by reference to the stage of completion of the contract determined by the value of services provided at the balance sheet date as a proportion of the total value of the contract. Where the amount of revenue is contingent on future events, this is only recognised where the amount of revenue can be measured reliably and it is probable economic benefits will be received.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software has been fully amortised.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery etc

-

33.3% straight line and 25% on reducing balance

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost, less impairment.

Financial instruments

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Research and development

Research and development expenditure is written off in the profit and loss account in the period in which it is incurred.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2025

7,449

Disposals

(5,587

)

At 31 December 2025

1,862

AMORTISATION

At 1 January 2025

7,449

Eliminated on disposal

(5,587

)

At 31 December 2025

1,862

NET BOOK VALUE

At 31 December 2025

-

At 31 December 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2025

80,115

Disposals

(78,691

)

At 31 December 2025

1,424

DEPRECIATION

At 1 January 2025

80,115

Eliminated on disposal

(78,691

)

At 31 December 2025

1,424

NET BOOK VALUE

At 31 December 2025

-

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2025

3,277

Disposals

(2,104

)

At 31 December 2025

1,173

NET BOOK VALUE

At 31 December 2025

1,173

At 31 December 2024

3,277

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

16,724

953,754

Amounts owed by group undertakings

1,788,310

10,205

Other debtors

497,457

26,070

2,302,491

990,029

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

4,907

25,008

Amounts owed to group undertakings

2,434,832

2,778,350

Taxation and social security

24,161

43,235

Other creditors

54,050

174,231

2,517,950

3,020,824

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

15,940,173

Ordinary

£0.00005

797

797

656,250

Ordinary B

£0.00005

33

33

49,343,750

Ordinary C

£0.000001

49

49

900,000

Ordinary D

£0.000001

1

1

880

880

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

The Report of the Auditors was unqualified.

COLIN YOUNG BA FCA (Senior Statutory Auditor)

for and on behalf of Galloways Accounting

11.	RELATED PARTY DISCLOSURES

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 the company's parent company or wholly owned subsidiaries within the group.

12.	PARENT COMPANIES

The smallest group in which the results of the company are consolidated is that of Foundever Group S.A., a company registered in Luxembourg. These consolidated financial statements are available from Foundever Group S.A., 33 boulevard du Prince Henri, L-1724 Luxembourg, Grand Duché du Luxembourg.

The directors regard the ultimate controlling party of the company to be SAS SURCREHOL, a company whose registered address is 64 boulevard de Cambrai, 59100 Roubaix, France, and will head the largest group to consolidate the results of the company.