Servy Investments Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 12980110 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

SERVY INVESTMENTS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

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

FIXED ASSETS

Investments in subsidiaries

4

39,477,420

36,682,737

CURRENT ASSETS

Debtors

5

686,217

873,004

Financial instruments

6

59,446,046

72,753,328

Cash at bank

393,878

369,429

60,526,141

73,995,761

CREDITORS

Amounts falling due within one year

7

615,763

19,962

NET CURRENT ASSETS

59,910,378

73,975,799

TOTAL ASSETS LESS CURRENT
LIABILITIES

99,387,798

110,658,536

CAPITAL AND RESERVES

Called up share capital

8

95,236,078

107,286,078

Retained earnings

4,151,720

3,372,458

SHAREHOLDERS' FUNDS

99,387,798

110,658,536

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 30 September 2025 and were signed by:

C L Villa - Director

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.

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 (2023 - 1 ) .

4.	INVESTMENTS IN SUBSIDIARIES

Shares in

group

undertakings

$

COST

At 1 January 2024

41,383,359

Additions

2,794,683

At 31 December 2024

44,178,042

PROVISIONS

At 1 January 2024

and 31 December 2024

4,700,622

NET BOOK VALUE

At 31 December 2024

39,477,420

At 31 December 2023

36,682,737

During the year, Servy Investments had a loan receivable from Servy Participacoes em Saneamento Ltda for $2,794,683. Servy Investments decided to capitalise the loan and increase its investment in Servy Participacoes em Saneamento Ltda.

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

2024

2023

Subsidiary undertakings

Servy Participacoes

Brazil

Ordinary
shares

100%

Servy Participacoes em Saneamento
Ltda.

Brazil

Ordinary
shares

100%

Sociedade de participacoes e Projetos
de Saneamento - SPP

Brazil

Ordinary
shares

100%

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

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

$

Amounts owed by group undertakings

-

46,174

Accrued interest

686,217

826,830

686,217

873,004

6.	FINANCIAL INSTRUMENTS

Financial Assets
at fair value
through profit
and loss

Total

$

Cost or Valuation

At 1 January 2023

72,753,328

Additions

71,249,422

Disposals

(85,561,821

)

(85,561,821

)

Fair value adjustments

1,005,117

At 31 December 2023

59,446,046

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

$

Amounts owed to group undertakings

-

19,962

Taxation and social security

615,763

-

615,763

19,962

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

$

68,980,771

Ordinary

£1

95,236,078

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 nil (2023 - $19,962) and was owed nil (2023 - $46,174) to/from related parties.