SYLVERA LTD

Company Registration Number:
12382318 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 1 January 2023

End date: 31 December 2023

SYLVERA LTD

Contents of the Financial Statements

for the Period Ended 31 December 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

SYLVERA LTD

Directors' report period ended 31 December 2023

The directors present their report with the financial statements of the company for the period ended 31 December 2023

Principal activities of the company

The principal activity of the company and group is providing carbon data that helps organizations ensure they're making the most effective investments toward net zero. The entity has built software that independently and accurately automates the evaluation of carbon projects that capture, remove, or avoid emissions.



Directors

The directors shown below have held office during the whole of the period from
1 January 2023 to 31 December 2023

Allister Furey
Sam Gill
Carlos Gonzalez-Cadenas


The director shown below has held office during the period of
10 July 2023 to 31 December 2023

Daniel Waterhouse


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
6 March 2025

And signed on behalf of the board by:
Name: Allister Furey
Status: Director

SYLVERA LTD

Profit And Loss Account

for the Period Ended 31 December 2023

2023 2022


£

£
Turnover: 3,808,000 1,751,000
Cost of sales: ( 859,000 ) ( 927,000 )
Gross profit(or loss): 2,949,000 824,000
Administrative expenses: ( 19,088,000 ) ( 13,008,000 )
Operating profit(or loss): (16,139,000) (12,184,000)
Interest receivable and similar income: 534,000 1,000
Interest payable and similar charges: ( 3,000 ) ( 1,000 )
Profit(or loss) before tax: (15,608,000) (12,184,000)
Tax: 0 906,000
Profit(or loss) for the financial year: (15,608,000) (11,278,000)

SYLVERA LTD

Balance sheet

As at 31 December 2023

Notes 2023 2022


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 750,000 1,045,000
Total fixed assets: 750,000 1,045,000
Current assets
Debtors: 4 3,097,000 2,916,000
Cash at bank and in hand: 46,825,000 29,193,000
Total current assets: 49,922,000 32,109,000
Creditors: amounts falling due within one year: 5 ( 2,610,000 ) ( 2,279,000 )
Net current assets (liabilities): 47,312,000 29,830,000
Total assets less current liabilities: 48,062,000 30,875,000
Total net assets (liabilities): 48,062,000 30,875,000
Capital and reserves
Called up share capital: 393 274
Share premium account: 75,667,607 29,605,726
Other reserves: 1,727,000 14,994,000
Profit and loss account: (29,333,000 ) (13,725,000 )
Total Shareholders' funds: 48,062,000 30,875,000

The notes form part of these financial statements

SYLVERA LTD

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 6 March 2025
and signed on behalf of the board by:

Name: Allister Furey
Status: Director

The notes form part of these financial statements

SYLVERA LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Invalid character errors See annual accounts

    Tangible fixed assets depreciation policy

    Invalid character errors See annual accounts

    Other accounting policies

    Invalid character errors See annual accounts

SYLVERA LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 133 100

SYLVERA LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2023 1,025,000 17,000 531,000 1,573,000
Additions 109,000 1,000 6,000 116,000
Disposals
Revaluations
Transfers
At 31 December 2023 1,134,000 18,000 537,000 1,689,000
Depreciation
At 1 January 2023 416,000 7,000 105,000 528,000
Charge for year 282,000 6,000 123,000 411,000
On disposals
Other adjustments
At 31 December 2023 698,000 13,000 228,000 939,000
Net book value
At 31 December 2023 436,000 5,000 309,000 750,000
At 31 December 2022 609,000 10,000 426,000 1,045,000

SYLVERA LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Debtors

2023 2022
£ £
Trade debtors 1,371,000 646,000
Prepayments and accrued income 722,000 725,000
Other debtors 1,004,000 1,545,000
Total 3,097,000 2,916,000

SYLVERA LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 237,000 524,000
Taxation and social security 285,000 236,000
Accruals and deferred income 2,055,000 1,481,000
Other creditors 33,000 38,000
Total 2,610,000 2,279,000

SYLVERA LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

6. Financial Commitments

Not possible with character limitation - see Annual Accounts