Acorah Software Products - Accounts Production 16.5.460 false true true false 19 September 2025 8 November 2023 31 December 2024 31 December 2024 15269666 Mr Ryan Smith Mrs Victoria Gilbert Mr Mark Konrad true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 15269666 2023-11-07 15269666 2024-12-31 15269666 2023-11-08 2024-12-31 15269666 frs-core:BetweenOneFiveYears 2024-12-31 15269666 frs-core:ComputerEquipment 2023-11-08 2024-12-31 15269666 frs-core:FurnitureFittings 2023-11-08 2024-12-31 15269666 frs-core:MotorVehicles 2023-11-08 2024-12-31 15269666 frs-core:PlantMachinery 2023-11-08 2024-12-31 15269666 frs-core:WithinOneYear 2024-12-31 15269666 frs-core:ShareCapital 2024-12-31 15269666 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 15269666 frs-bus:PrivateLimitedCompanyLtd 2023-11-08 2024-12-31 15269666 frs-bus:AbridgedAccounts 2023-11-08 2024-12-31 15269666 frs-bus:SmallEntities 2023-11-08 2024-12-31 15269666 frs-bus:Audited 2023-11-08 2024-12-31 15269666 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-08 2024-12-31 15269666 1 2023-11-08 2024-12-31 15269666 frs-core:AdditionsToInvestments 2024-12-31 15269666 frs-core:DisposalsRepaymentsInvestments 2024-12-31 15269666 frs-core:CostValuation 2024-12-31 15269666 frs-bus:Director1 2023-11-08 2024-12-31 15269666 frs-bus:Director2 2023-11-08 2024-12-31 15269666 frs-bus:Director3 2023-11-08 2024-12-31 15269666 frs-countries:EnglandWales 2023-11-08 2024-12-31
Registered number: 15269666
SRE Blades UK Limited
ABRIDGED Financial Statements
For the Period 8 November 2023 to 31 December 2024
Contents
Page
Abridged Balance Sheet 1
Notes to the Abridged Financial Statements 2—5
Page 1
Abridged Balance Sheet
Registered number: 15269666
31 December 2024
Notes £ £
FIXED ASSETS
Tangible Assets 4 111,663
Investments 5 20,751
132,414
CURRENT ASSETS
Stocks 405,336
Debtors 1,489,214
Cash at bank and in hand 324,580
2,219,130
Creditors: Amounts Falling Due Within One Year (1,157,721 )
NET CURRENT ASSETS (LIABILITIES) 1,061,409
TOTAL ASSETS LESS CURRENT LIABILITIES 1,193,823
PROVISIONS FOR LIABILITIES
Deferred Taxation (27,916 )
NET ASSETS 1,165,907
CAPITAL AND RESERVES
Called up share capital 6 710,376
Profit and Loss Account 455,531
SHAREHOLDERS' FUNDS 1,165,907
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 December 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Mark Konrad
Director
18 September 2025
The notes on pages 2 to 5 form part of these financial statements.
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Notes to the Abridged Financial Statements
1. General Information
SRE Blades UK Limited is a private company, limited by shares, incorporated in England & Wales, registered number 15269666 . The registered office is Swire House, 59 Buckingham Gate, London, SW1E 6AJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have considered the company's current financial position and cash flow forecasts. In addition the company is provided financial support by it's parent company.
They believe the company has adequate resources to continue in operational existence for the foreseeable future and thus continue to adopt the going concern basis in preparing the financial statements.
There are no material uncertainties affecting this judgement.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 2 Years and 4 Years Straight Line
Motor Vehicles 4 Years Straight Line
Fixtures & Fittings 4 Years Straight Line
Computer Equipment 3 Years Straight Line
Following the acquisition of the business, the group parent company carried out a review of fixed assets to align their depreciation policies for the assets acquired (as above) and reviewed the estimated useful life of the assets. For clarity, these additional depreciation charges have been shown as impairment losses. 
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.6. Financial Instruments
The company’s financial instruments comprise cash, trade debtors and creditors, intercompany balances, and loans. The company’s principal financial risks are credit risk, liquidity risk, and currency risk.
Credit Risk: This is managed by credit checks and trading with known parties.
Liquidity Risk: This is managed through monthly cash flow forecasting together with credit control and support from the immediate parent company.
Foreign Currency Risk: This arises due to foreign currency bank accounts. It is monitored but minimal given current scale.
2.7. Foreign Currencies
Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.8. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the period, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 15
15
4. Tangible Assets
Total
£
Cost
As at 8 November 2023 -
Additions 303,108
Disposals (11,742 )
As at 31 December 2024 291,366
Depreciation
As at 8 November 2023 -
...CONTINUED
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Provided during the period 71,439
Impairment losses 114,568
Disposals (6,304 )
As at 31 December 2024 179,703
Net Book Value
As at 31 December 2024 111,663
As at 8 November 2023 -
5. Investments
Total
£
Cost
As at 8 November 2023 -
Additions 20,780
Disposals (29 )
As at 31 December 2024 20,751
Provision
As at 8 November 2023 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 20,751
As at 8 November 2023 -
The company’s investments at the Balance Sheet date in the share capital of companies include the following:
Subsidiary: Swire Renewable Energy Australia (PTY) Ltd.
Registered Office: Hawthorn, Victoria, 3122
Nature Of Business: Onshore and offshore wind specialists
Class Of Shares: Ordinary
% Holding: 100%
Subsidiary: SRE Blades GmbH
Registered Office: Leuschnerdamm 13 / In den Engelhöfen Aufgang 4, 10999 Berlinictoria, 3122
Nature Of Business: Onshore and offshore wind specialists
Class Of Shares: Ordinary
% Holding: 100%
6. Share Capital
31 December 2024
£
Allotted, Called up and fully paid 710,376
The company issued 710,376 ordinary £1 shares during the period, all of which are fully paid.
The ordinary shares carry equal voting rights, dividend rights, and rights to capital repayment in the event of winding up.
7. Capital Commitments
At the end of the period, the company had capital commitments contracted for but not provided in these financial statements amounting to £Nil.
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8. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
31 December 2024
£
Not later than one year 142,852
Later than one year and not later than five years 321,418
464,270
Subsequent to the year end, the company agreed to surrender its lease of Unit 4, Datapoint Business Centre, Cody Road, London, E16 on 30 June 2025. As a result, a surrender premium of £220,000 became payable, together with dilapidations of £117,344. These costs will be recognised in the financial year ending 31 December 2025. The operating lease commitment disclosures above are presented as at 31 December 2024 and do not take account of this subsequent event.
9. Related Party Transactions
The company is a wholly owned subsidiary of Swire Renewable Energy A/S. In accordance with the exemption permitted by FRS 102 Section 1A.33, transactions with other wholly owned members of the group have not been disclosed. 
10. Ultimate Controlling Party
The immediate parent undertaking is Swire Renewable Energy A/S, a company incorporated in Denmark.
The ultimate parent undertaking and controlling party is John Swire & Sons Limited, a company incorporated in England and Wales.
John Swire & Sons Limited is the largest group for which consolidated financial statements are prepared that include the results of SRE Blades UK Limited.
Copies of the consolidated financial statements are available from:
John Swire & Sons Limited
Swire House
59 Buckingham Gate
London
SW1E 6AJ
United Kingdom
11. Audit Information
The auditor's report on the accounts of SRE Blades UK Limited for the period ended 31 December 2024 was unqualified.
The auditor's report was signed by John Carroll FCCA CTA (Senior Statutory Auditor) for and on behalf of Keelings Limited , Statutory Auditor.
Keelings Limited
Broad House
1 The Broadway
Old Hatfield
Hertfordshire
AL9 5BG
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