Company Registration No. 16382606 (England and Wales)
Devco Upside Latam Ltd
Unaudited accounts
for the period from 11 April 2025 to 31 December 2025
Devco Upside Latam Ltd
Unaudited accounts
Contents
Devco Upside Latam Ltd
Company Information
for the period from 11 April 2025 to 31 December 2025
Director
Enrique Sira Martinez
Company Number
16382606 (England and Wales)
Registered Office
66 Paul Street
London
EC2A 4NA
United Kingdom
Accountants
LTG Accountants Limited
39A High Street
Billericay
Essex
CM12 9BA
Devco Upside Latam Ltd
Statement of financial position
as at 31 December 2025
Cash at bank and in hand
45,799
Creditors: amounts falling due within one year
(14,111)
Net current assets
718,106
Total assets less current liabilities
720,561
Creditors: amounts falling due after more than one year
(135,340)
Called up share capital
10,000
Capital contribution reserve
655,580
Profit and loss account
(80,359)
Shareholders' funds
585,221
For the period ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 August 2026 and were signed on its behalf by
Enrique Sira Martinez
Director
Company Registration No. 16382606
Devco Upside Latam Ltd
Notes to the Accounts
for the period from 11 April 2025 to 31 December 2025
Devco Upside Latam Ltd is a private company, limited by shares, registered in England and Wales, registration number 16382606. The registered office is 66 Paul Street, London, EC2A 4NA, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The company is a parent undertaking, holding investments in two subsidiary undertakings, UVI Energia Ltda (Brazil) and Upside Autogeneracion SAS (Colombia). The directors have assessed the size of the group headed by the company against the criteria in section 383 of the Companies Act 2006 and confirm that the group qualifies as a small group. Accordingly, the company is exempt from the requirement to prepare and file consolidated group accounts under section 399 of the Companies Act 2006, and these financial statements present the results and financial position of the company alone.
The accounts are presented in £ sterling.
Investments in shares are included at cost.
UVI Energia LTDA (Brazil) - 100% owned
Upside Autogeneracion SAS (Colombia) - 90% owned
The director has reasonable expectations that the company has adequate resources to continue in operational existence for the foreseeable future and that there are no material uncertainties that lead to significant doubt upon the company’s ability to
continue as a going concern. Thus the director has continued to adopt the going concern basis of accounting in preparing these financial statements.
4
Investments
Subsidiary undertakings
Valuation at 11 April 2025
-
Valuation at 31 December 2025
2,455
Devco Upside Latam Ltd
Notes to the Accounts
for the period from 11 April 2025 to 31 December 2025
Amounts falling due after more than one year
Amounts due from group undertakings etc.
686,418
6
Creditors: amounts falling due within one year
2025
Taxes and social security
3,692
7
Creditors: amounts falling due after more than one year
2025
Loans from directors
35,668
Included in the Creditors figure there is an amount of £35,668 owed to the Director.
8
Transactions with related parties
During 2025 intercompany loan balances totalling £655,580.00 were novated to the Company by a company under common control on a non-commercial basis and therefore recognised directly in equity as a capital contribution.
The immediate and ultimate controlling party is considered to be Enrique Luis Sira Martinez, due to his majority shareholding in the company.
10
Average number of employees
During the period the average number of employees was 2.