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REGISTERED NUMBER: 12980110 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

SERVY INVESTMENTS LTD

SERVY INVESTMENTS LTD (REGISTERED NUMBER: 12980110)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SERVY INVESTMENTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: C L Villa





REGISTERED OFFICE: 2 Manor Farm Court
Old Wolverton Road
Old Wolverton
Milton Keynes
MK12 5NN





REGISTERED NUMBER: 12980110 (England and Wales)





AUDITORS: Ad Valorem Audit Services Limited
Chartered Certified Accountants
& Statutory Auditors
2 Manor Farm Court
Old Wolverton Road
Old Wolverton
Milton Keynes
Buckinghamshire
MK12 5NN

SERVY INVESTMENTS LTD (REGISTERED NUMBER: 12980110)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes $ $ $ $
FIXED ASSETS
Investments in subsidiaries 4 36,682,737 35,766,025

CURRENT ASSETS
Debtors 5 873,004 1,199,333
Financial instruments 6 72,753,328 66,303,753
Cash at bank 369,429 3,599,703
73,995,761 71,102,789
CREDITORS
Amounts falling due within one year 7 19,962 19,275
NET CURRENT ASSETS 73,975,799 71,083,514
TOTAL ASSETS LESS CURRENT
LIABILITIES

110,658,536

106,849,539

CAPITAL AND RESERVES
Called up share capital 8 107,286,078 107,286,078
Retained earnings 3,372,458 (436,539 )
SHAREHOLDERS' FUNDS 110,658,536 106,849,539

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 July 2025 and were signed by:





C L Villa - Director


SERVY INVESTMENTS LTD (REGISTERED NUMBER: 12980110)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Servy Investments Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the US Dollar ($).


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.

TURNOVER
Turnover for the year represents income generated from investment activities, including dividend income from equity securities, interest income from fixed-income securities, and realised gains from the sale of financial assets. It may also include management fees if applicable.

Turnover is recognised in line with the company's accounting policies and financial reporting standards, while unrealised gains or losses are excluded and reflected separately in fair value adjustments.

INVESTMENTS IN SUBSIDIARIES
Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

FINANCIAL INSTRUMENTS
The company invests in fixed income and other investments.

The company adopted appropriate policies related to the recognition, classification and measurement of financial assets and liabilities derecognition of financial instruments and impairment of financial assets and hedge accounting.

Non current financial assets are measured at amortised cost: the asset is measured at the amount measured initial recognition minus principal repayments plus or minus cumulative amortisation of any difference between that initial amount and the maturity amount and any loss allowance. Changes in fair value are recognised in profit and loss when the asset is derecognised or reclassified.

Current financial assets are measured at fair value through profit and loss. Changes in fair value are recognised in profit and loss as they arise.

CASH AND CASH EQUIVALENTS
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.


SERVY INVESTMENTS LTD (REGISTERED NUMBER: 12980110)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued
TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

BUSINESS COMBINATIONS
Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

INVESTMENTS
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

SERVY INVESTMENTS LTD (REGISTERED NUMBER: 12980110)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


4. INVESTMENTS IN SUBSIDIARIES
Shares in
group
undertakings
$
COST
At 1 January 2023 40,466,647
Additions 7,533,781
Disposals (6,617,069 )
At 31 December 2023 41,383,359
PROVISIONS
At 1 January 2023
and 31 December 2023 4,700,622
NET BOOK VALUE
At 31 December 2023 36,682,737
At 31 December 2022 35,766,025

During the period, the company Empresa de Participacoes em Projetos de Saeamento was absorbed into Servy Paricipacoes em Saneamento Ltda, with a capital gain of $916,712.

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:


Undertaking
Registered
office

Holding
Proportion of voting
rights and shares held
2023 2022
Subsidiary undertakings

Servy Participacoes

Brazil
Ordinary
shares

100%

100%

Servy Participacoes em Saneamento
Ltda.

Brazil
Ordinary
shares

100%

100%

Sociedade de participacoes e Projetos
de Saneamento - SSP

Brazil
Ordinary
shares

100%

100%


The subsidiary, "Servy Saneamento Ltda" company name was changed to be "Sociedade de Participação em Projetos de Saneamento Ltda".

The principal activity of all of the above subsidiary undertakings are water sanitation and rental of non-residential buildings.

SERVY INVESTMENTS LTD (REGISTERED NUMBER: 12980110)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
$ $
Amounts owed by group undertakings 46,174 46,174
Accrued interest 826,830 1,153,159
873,004 1,199,333

6. FINANCIAL INSTRUMENTS




Financial
Assets at fair
value through
profit and loss



Total
$ $
Cost or Valuation
At 1 January 2023 66,303,753 66,303,753
Additions 77,304,853 77,304,853
Disposals (71,133,849 ) (71,133,849 )
Fair value adjustments 278,296 278,296
At 31 December 2023 72,753,328 72,753,328

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
$ $
Amounts owed to group undertakings 19,962 19,275

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: $ $
78,250,000 Ordinary £1 107,286,078 107,286,078

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

The Report of the Auditors was unqualified.

Zubair Arshad FCCA (Senior Statutory Auditor)
for and on behalf of Ad Valorem Audit Services Limited

10. RELATED PARTY DISCLOSURES

At the Balance Sheet date, the company owed $19,962 (2023 - $19,275) and was owed $46,174 (2023 - $46,174) to/from related parties.