SOSTENEO BESS 2 (UK) LIMITED

Company Registration Number:
14358420 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 15 September 2022

End date: 31 December 2023

SOSTENEO BESS 2 (UK) LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Notes

SOSTENEO BESS 2 (UK) LIMITED

Balance sheet

As at 31 December 2023


Notes

16 months to 31 December 2023


£
Fixed assets
Investments: 3 7,693,553
Total fixed assets: 7,693,553
Current assets
Debtors: 4 36,140,768
Cash at bank and in hand: 25,648
Total current assets: 36,166,416
Creditors: amounts falling due within one year: 5 (53,190)
Net current assets (liabilities): 36,113,226
Total assets less current liabilities: 43,806,779
Creditors: amounts falling due after more than one year: 6 (46,175,326)
Total net assets (liabilities): (2,368,547)
Capital and reserves
Called up share capital: 1
Profit and loss account: (2,368,548)
Shareholders funds: (2,368,547)

The notes form part of these financial statements

SOSTENEO BESS 2 (UK) LIMITED

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 29 July 2024
and signed on behalf of the board by:

Name: Christopher Michael Joseph Twomey
Status: Director

The notes form part of these financial statements

SOSTENEO BESS 2 (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

SOSTENEO BESS 2 (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

2. Employees

16 months to 31 December 2023
Average number of employees during the period 0

SOSTENEO BESS 2 (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Fixed investments

1.5 Fixed asset investmentsInterests in subsidiaries are initially measured at cost and subsequently measured at cost less anyaccumulated impairment losses. The investments are assessed for impairment at each reporting date and anyimpairment losses or reversals of impairment losses are recognised immediately in profit or loss.A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operatingpolicies of the entity so as to obtain benefits from its activities.

SOSTENEO BESS 2 (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Debtors

16 months to 31 December 2023
£
Debtors due after more than one year: 36,140,768

Amounts owed by group undertakings are unsecured loan receivables, which bear interest at 10% per annumand are repayable on demand within 30 days notice being given by the Company. The Company can onlyissue notice for repayment following the group undertaking's project reaching an income generating stage,which is not expected to occur until July 2025. Included within the balance is accrued but unpaid interest of£371,873, which is eligible for repayment if demanded, quarterly.

SOSTENEO BESS 2 (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Creditors: amounts falling due within one year note

Taxation and social security 43,190Accruals and deferred income 10,000

SOSTENEO BESS 2 (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

6. Creditors: amounts falling due after more than one year note

Amounts included above which fall due after five years are as follows:Payable other than by instalments 46,175,326

SOSTENEO BESS 2 (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

7. Related party transactions

The company is exempt from disclosing other related party transactions as they are with other companies thatare wholly owned within the group.