Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-312024-01-01false3falsethat of an intemediary holding company and the trading of financial instruments.3truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08056932 2024-01-01 2024-12-31 08056932 2023-01-01 2023-12-31 08056932 2024-12-31 08056932 2023-12-31 08056932 c:Director1 2024-01-01 2024-12-31 08056932 d:CurrentFinancialInstruments 2024-12-31 08056932 d:CurrentFinancialInstruments 2023-12-31 08056932 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 08056932 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 08056932 d:ShareCapital 2024-12-31 08056932 d:ShareCapital 2023-12-31 08056932 d:SharePremium 2024-12-31 08056932 d:SharePremium 2023-12-31 08056932 d:RetainedEarningsAccumulatedLosses 2024-12-31 08056932 d:RetainedEarningsAccumulatedLosses 2023-12-31 08056932 c:OrdinaryShareClass1 2024-01-01 2024-12-31 08056932 c:OrdinaryShareClass1 2024-12-31 08056932 c:OrdinaryShareClass1 2023-12-31 08056932 c:OrdinaryShareClass2 2024-01-01 2024-12-31 08056932 c:OrdinaryShareClass2 2024-12-31 08056932 c:OrdinaryShareClass2 2023-12-31 08056932 c:FRS102 2024-01-01 2024-12-31 08056932 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 08056932 c:FullAccounts 2024-01-01 2024-12-31 08056932 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 08056932 d:Subsidiary1 2024-01-01 2024-12-31 08056932 d:Subsidiary1 1 2024-01-01 2024-12-31 08056932 d:Subsidiary3 2024-01-01 2024-12-31 08056932 d:Subsidiary3 1 2024-01-01 2024-12-31 08056932 d:Subsidiary4 2024-01-01 2024-12-31 08056932 d:Subsidiary4 1 2024-01-01 2024-12-31 08056932 d:Subsidiary5 2024-01-01 2024-12-31 08056932 d:Subsidiary5 1 2024-01-01 2024-12-31 08056932 d:Subsidiary6 2024-01-01 2024-12-31 08056932 d:Subsidiary6 1 2024-01-01 2024-12-31 08056932 d:Subsidiary7 2024-01-01 2024-12-31 08056932 d:Subsidiary7 1 2024-01-01 2024-12-31 08056932 d:Subsidiary8 2024-01-01 2024-12-31 08056932 d:Subsidiary8 1 2024-01-01 2024-12-31 08056932 d:Subsidiary9 2024-01-01 2024-12-31 08056932 d:Subsidiary9 1 2024-01-01 2024-12-31 08056932 d:Subsidiary10 2024-01-01 2024-12-31 08056932 d:Subsidiary10 1 2024-01-01 2024-12-31 08056932 2 2024-01-01 2024-12-31 08056932 6 2024-01-01 2024-12-31 08056932 e:PoundSterling 2024-01-01 2024-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 08056932










SRI GLOBAL LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

 
SRI GLOBAL LIMITED
REGISTERED NUMBER: 08056932

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
28,948,553
25,442,763

  
28,948,553
25,442,763

Current assets
  

Debtors: amounts falling due within one year
 5 
10,801,327
6,040,582

Current asset investments
 6 
12,051,435
10,363,086

Cash at bank and in hand
 7 
2,357
686,466

  
22,855,119
17,090,134

Creditors: amounts falling due within one year
 8 
(20,822,146)
(11,696,287)

Net current assets
  
 
 
2,032,973
 
 
5,393,847

Total assets less current liabilities
  
30,981,526
30,836,610

  

Net assets
  
30,981,526
30,836,610


Capital and reserves
  

Called up share capital 
 9 
7,929,397
7,929,397

Share premium account
  
21,537,302
21,537,302

Profit and loss account
  
1,514,827
1,369,911

  
30,981,526
30,836,610


Page 1

 
SRI GLOBAL LIMITED
REGISTERED NUMBER: 08056932
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




G Gallazzi
Director

Date: 1 September 2025

Page 2

 
SRI GLOBAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

SRI Global Limited is a private company, limited by shares, registered in England and Wales, registration number 08056932. The registered office is 3rd floor, 78/79 New Bond Street, London, W1S 1RZ.
SRI Global Limited is the parent undertaking of a small group and is not required to prepare group accounts. These financial statements present information about the company as an individual undertaking and not about its group.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in £ sterling, the functional currency, rounded to the nearest £1.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis.

 
2.3

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is pounds sterling, rounded to the nearest £1.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
SRI GLOBAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.5

Operating leases: the company as lessee

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

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.6

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.7

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.8

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 4

 
SRI GLOBAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.9

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.


 
2.10

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).

Page 5

 
SRI GLOBAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


Fixed asset investments





Investments in subsidiary companies
Unlisted investments
Total

£
£
£



Cost or valuation


At 1 January 2024
7,603,765
17,838,998
25,442,763


Additions
-
3,505,790
3,505,790



At 31 December 2024
7,603,765
21,344,788
28,948,553





Subsidiary undertakings


The following were subsidiary undertakings of the company:

Name

Registered office

Class of shares

Holding

NPV Europe Limited
UK
Ordinary
100
Grafton Capital Ventures Limited
UK
Ordinary
72
Liburna Capital Limited
UK
Ordinary
100
Fintech Partners Srl
Italy
Ordinary
68
SRI Group Italia Srl
Italy
Ordinary
100
Credit ADV Srl
Italy
Ordinary
100
Sitalberghi Srl
Italy
Ordinary
100
Bologna Sport Center Srl
Italy
Ordinary
100

Included within unlisted investments are the following:
Banca del Fucino        98% of the ordinary share capital for £20,700,350
S.L.11 BV                  0.8% of the ordinary share capital for £171,671
BOATO Holding Srl     2.21% of the ordinary share capital for £472,766 

Page 6

 
SRI GLOBAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Debtors

2024
2023
£
£


Trade debtors
521,188
343,776

Amounts owed by group undertakings
6,734,625
2,939,762

Other debtors
3,543,829
2,755,284

Prepayments and accrued income
1,685
1,760

10,801,327
6,040,582



6.


Current asset investments

2024
2023
£
£

Listed investments
11,719,195
10,103,084

Unlisted investments
332,240
260,002

12,051,435
10,363,086



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
2,357
686,466

Less: bank overdrafts
(8,947,811)
(8,630,406)

(8,945,454)
(7,943,940)


Page 7

 
SRI GLOBAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
8,947,811
8,630,406

Trade creditors
139,416
52,321

Amounts owed to group undertakings
824,035
2,957,220

Corporation tax
-
2,000

Other creditors
10,750,428
3,884

Accruals and deferred income
160,456
50,456

20,822,146
11,696,287


Bank overdrafts are secured.


9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



4,742,184 (2023 - 4,742,184) Ordinary A shares of 1.00 each
4,067,095
4,067,095
4,552,497 (2023 - 4,552,497) Ordinary B shares of 1.00 each
3,862,302
3,862,302

7,929,397

7,929,397



10.


Parent company

The ultimate parent company is Blenheim Capital Limited, a company incorporated in England and Wales.

Page 8