REGISTERED NUMBER: 14191528

ERA SW HOLDING LIMITED

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Investments

4

17,836,739

7,013,406

CURRENT ASSETS

Debtors

5

1,336

1,140

Cash at bank

6

2,558

2,581

3,894

3,721

CREDITORS

Amounts falling due within one year

7

(50,877

)

(14,025

)

NET CURRENT LIABILITIES

(46,983

)

(10,304

)

TOTAL ASSETS LESS CURRENT LIABILITIES

17,789,756

7,003,102

CAPITAL AND RESERVES

Share capital

8

9

1

Share premium

10,812,589

-

Capital contribution reserve

7,012,187

7,012,187

Retained earnings

(35,029

)

(9,086

)

SHAREHOLDERS' FUNDS

17,789,756

7,003,102

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 September 2025 and were signed by:

V Ivanov - Director

1.	GENERAL INFORMATION

The company is a private company (limited by shares) incorporated in England and Wales. The company's registered office is 2nd Floor, 55 Ludgate Hill, London, EC4M 7JW.

The principal activity of the company is of a holding company.

2.	ACCOUNTING POLICIES

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

Exemption from preparing consolidated financial statements

The Company, and the group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and group are considered eligible for the exemption to prepare consolidated accounts.

Taxation

Tax is recognised in the statement of income and retained earnings 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 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.

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

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.

Going concern

The director considers the going concern basis to be appropriate having paid due regard to the Company's projected results during the twelve months from the date the financial statements are approved and anticipated cash flows, availability of bank facilities and mitigating actions that can be taken during the period.

Having regard to the above, the director believes it appropriate to adopt the going concern basis of accounting in preparing the financial statements.

Investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Debtors

Short-term debtors are measured at transaction price, less any impairment.

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.

Creditors

Short-term creditors are measured at the transaction price.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4.	INVESTMENTS

Investments

in

subsidiary

companies

£

Cost

At 1 January 2024

7,013,406

Additions

10,823,333

At 31 December 2024

17,836,739

Net book value

At 31 December 2024

17,836,739

At 31 December 2023

7,013,406

5.

DEBTORS

2024

2023

£

£

Other debtors

300

300

Prepayments

1,036

840

1,336

1,140

6.	CASH AT BANK

2024

2023

£

£

Cash at bank and in hand

2,558

2,581

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank overdrafts

-

332

Trade creditors

1,174

853

Amounts owed to group undertakings

39,911

4,440

Accruals

9,792

8,400

50,877

14,025

8.	SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

1

Ordinary

1

9

1

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

The Auditors' Report was unqualified.

Jemima King (Senior Statutory Auditor)

for and on behalf of Richardsons Financial Group Limited

10.	RELATED PARTY TRANSACTIONS

Included within other debtors is an amount of £300 (2023: £300) receivable from a company under common control of the wider group.

Included within creditors amounts falling due within one year is an amount of £39,911 (2023: £4,440) payable to a company under common control of the wider group.

Included within capital and reserves is capital contribution reserve amount of £7,012,187 (2023: £7,012,187) payable to its parent company.

11.	CONTROLLING PARTY

The immediate parent company is ERA Fund I, LP, which is incorporated and domiciled in the United States. The address of the registered office is 641 Fifth Avenue, Suite 30-E, New York, 10022, USA.

ERA Interactive GP Ltd is the company's ultimate parent undertaking.