Registration number: 09570788

Silva International Investments (UK) Limited

Contents

Company Information	1
Directors' Report	2
Balance Sheet	3 to 4
Notes to the Unaudited Financial Statements	5 to 13

Silva International Investments (UK) Limited

Company Information

Directors

Mr Riccardo Silva Mrs Janet Treacy Pierce Mr Marco Auletta

Company secretary

Mrs Janet Treacy Pierce

Registered office

North Row 64 North Row London W1K 7DA

Accountants

Charter Tax Consulting Limited 8th Floor 1 Southampton Street London WC2R 0LR

Silva International Investments (UK) Limited

Directors' Report for the Year Ended 31 December 2024

The Directors present their report and the financial statements for the year ended 31 December 2024.

Directors of the Company

The directors who held office during the year were as follows:

Mr Riccardo Silva

Mrs Janet Treacy Pierce

Mr Marco Auletta

Principal activity

The principal activity of the Company is management of asset acquisitions and management consultancy.

Going concern

Having made appropriate enquiries and having examined the major areas which could affect the company's financial position, the Directors are satisfied that the company has adequate resources to continue in operation for the foreseeable future. The directors and shareholder acknowledge the company's net liability position and the shareholder has pledged their ongoing support and therefore consider it is appropriate to adopt the going concern basis in preparing the financial statements.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 29 September 2025 and signed on its behalf by:
 

Mrs Janet Treacy Pierce Company secretary and director

Silva International Investments (UK) Limited

(Registration number: 09570788)
Balance Sheet as at 31 December 2024

	Note	31 December 2024 £	31 December 2023 £
Fixed assets
Tangible assets	4	29,317	34,322
Investments	5	1,237,675	1,589,272
Debtors	6	49,920	49,920
		1,316,912	1,673,514
Current assets
Debtors	6	1,115,911	1,376,297
Cash at bank and in hand		51,139	91,093
		1,167,050	1,467,390
Creditors: Amounts falling due within one year	7	(15,121,470)	(14,831,234)
Net current liabilities		(13,954,420)	(13,363,844)
Net liabilities		(12,637,508)	(11,690,330)
Capital and reserves
Called up share capital	8	191	191
Retained earnings		(12,637,699)	(11,690,521)
Shareholders' deficit		(12,637,508)	(11,690,330)

Silva International Investments (UK) Limited

(Registration number: 09570788)
Balance Sheet as at 31 December 2024

For the financial 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.

Directors' responsibilities:

•	The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Profit and Loss Account and Directors' Report.

Approved and authorised by the Board on 29 September 2025 and signed on its behalf by:
 

Mrs Janet Treacy Pierce Company secretary and director

Silva International Investments (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1	General information

The Company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
North Row
64 North Row
London
W1K 7DA

These financial statements were authorised for issue by the Board on 29 September 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
-The amount of revenue can be reliably measured; and
- It is probable that future economic benefits will flow to the entity; and
- Specific criteria have been met for each of the company's activities.

Silva International Investments (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixtures & Fittings	15% Reducing Balance
Office Equipment	3 Year Straight Line

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.

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.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the Company will not be able to collect all amounts due according to the original terms of the receivables.

Silva International Investments (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the Company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the Company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 6 (2023 - 6).

Silva International Investments (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4	Tangible assets

	Furniture, fittings and equipment  £	Other tangible assets £	Total £
Cost or valuation
At 1 January 2024	90,507	7,891	98,398
Additions	-	2,189	2,189
At 31 December 2024	90,507	10,080	100,587
Depreciation
At 1 January 2024	58,626	5,450	64,076
Charge for the year	4,782	2,412	7,194
At 31 December 2024	63,408	7,862	71,270
Carrying amount
At 31 December 2024	27,099	2,218	29,317
At 31 December 2023	31,881	2,441	34,322

Silva International Investments (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

5	Investments

	31 December 2024 £	31 December 2023 £
Investments in subsidiaries	1,237,675	1,589,272