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Company Registration No. 12543837 (England and Wales)
Upsidevalue Renewables Group Ltd Unaudited accounts for the year ended 31 December 2024
Upsidevalue Renewables Group Ltd Unaudited accounts Contents
Page
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Upsidevalue Renewables Group Ltd Company Information for the year ended 31 December 2024
Directors
Enrique Luis Sira Martinez
Secretary
Harold Chacon
Company Number
12543837 (England and Wales)
Registered Office
37th Floor 1 Canada Square London E14 5AA
Accountants
LTG Accountants Limited 39A High Street Billericay Essex CM12 9BA
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Upsidevalue Renewables Group Ltd Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Debtors
1,180,600 
879,097 
Cash at bank and in hand
562,948 
1,034,810 
1,743,548 
1,913,907 
Creditors: amounts falling due within one year
(11,727)
(11,420)
Net current assets
1,731,821 
1,902,487 
Total assets less current liabilities
1,731,821 
1,902,487 
Creditors: amounts falling due after more than one year
(128,287)
(121,368)
Net assets
1,603,534 
1,781,119 
Capital and reserves
Called up share capital
10,000 
10,000 
Profit and loss account
1,593,534 
1,771,119 
Shareholders' funds
1,603,534 
1,781,119 
For the year ending 31 December 2024 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 1 April 2025 and were signed on its behalf by
Enrique Luis Sira Martinez Director Company Registration No. 12543837
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Upsidevalue Renewables Group Ltd Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Upsidevalue Renewables Group Ltd is a private company, limited by shares, registered in England and Wales, registration number 12543837. The registered office is 37th Floor, 1 Canada Square, London, E14 5AA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 31 December 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 January 2023. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Going concern
The director has reasonable expectations that the company has adequate resources to continue in operational existence for the foreseeable future and that there are no material uncertainties that lead to significant doubt upon the company’s ability to continue as a going concern. Thus the director has continued to adopt the going concern basis of accounting in preparing these financial statements.
Subsidiaries
Upsidevalue Investimentos Ltda. (Brasil) Ordinary 65% Upsidevalue Colombia SAS (Colombia) Ordinary 90% Upside Italy SRL (Italy) Ordinary 100%
4
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
1,277 
3,775 
Amounts falling due after more than one year
Amounts due from group undertakings etc.
1,165,785 
875,322 
Other debtors
13,538 
- 
1,179,323 
875,322 
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Upsidevalue Renewables Group Ltd Notes to the Accounts for the year ended 31 December 2024
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
3,784 
11,420 
Other creditors
7,943 
- 
11,727 
11,420 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Loans from directors
128,287 
121,368 
7
Controlling party
The immediate and ultimate controlling party is considered to be Enrique Luis Sira Martinez, due to his majority shareholding in the company.
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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