Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312022-11-290falseThe principle activity of the company is that of being a holding company.true0false 14512553 2022-11-28 14512553 2022-11-29 2023-12-31 14512553 2022-01-01 2022-11-28 14512553 2023-12-31 14512553 c:Director2 2022-11-29 2023-12-31 14512553 d:CurrentFinancialInstruments 2023-12-31 14512553 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 14512553 d:ShareCapital 2022-11-29 2023-12-31 14512553 d:ShareCapital 2023-12-31 14512553 d:RetainedEarningsAccumulatedLosses 2022-11-29 2023-12-31 14512553 d:RetainedEarningsAccumulatedLosses 2023-12-31 14512553 c:OrdinaryShareClass1 2022-11-29 2023-12-31 14512553 c:OrdinaryShareClass1 2023-12-31 14512553 c:FRS102 2022-11-29 2023-12-31 14512553 c:Audited 2022-11-29 2023-12-31 14512553 c:FullAccounts 2022-11-29 2023-12-31 14512553 c:PrivateLimitedCompanyLtd 2022-11-29 2023-12-31 14512553 c:SmallCompaniesRegimeForAccounts 2022-11-29 2023-12-31 14512553 2 2022-11-29 2023-12-31 14512553 6 2022-11-29 2023-12-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 14512553






EUROPEAN ENERGY UK HOLDCO ONE LIMITED
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023










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EUROPEAN ENERGY UK HOLDCO ONE LIMITED
REGISTERED NUMBER:14512553

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
Note
£

Fixed assets
  

Investments
 5 
100

  
100

Current assets
  

Debtors: amounts falling due within one year
 6 
7,392,042

  
7,392,042

Creditors: amounts falling due within one year
 7 
(7,402,998)

Net current (liabilities)/assets
  
 
 
(10,956)

Total assets less current liabilities
  
(10,856)

  

Net (liabilities)/assets
  
(10,856)


Capital and reserves
  

Called up share capital 
 8 
100

Profit and loss account
  
(10,956)

  
(10,856)


The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
T Spanggaard
Director

Date: 29 August 2024

Page 1

 
EUROPEAN ENERGY UK HOLDCO ONE LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 DECEMBER 2023


Called up share capital
Profit and loss account
Total equity

£
£
£


Comprehensive income for the period

Profit for the period

-
6,489,044
6,489,044


Contributions by and distributions to owners

Dividends: Equity capital
-
(6,500,000)
(6,500,000)

Shares issued during the period
100
-
100


Total transactions with owners
100
(6,500,000)
(6,499,900)


At 31 December 2023
100
(10,956)
(10,856)

Page 2

 
EUROPEAN ENERGY UK HOLDCO ONE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

1.


General information

The company is a private company limited by shares and is incorporated in the United Kingdom under the
Companies Act 2006 and registered in Scotland. The address of its registered office is Millhouse, 32-38 East Street, Rochford, Essex, SS41DB.
The principal activity of the company was that of a holding company.
The company was incorporated on 29 November 2022.

2.Accounting policies

 
2.1

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:

  
2.2

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.

 
2.3

Going concern

Taking into account a period exceeding 12 months from the date of approval of these financial statements, the Directors have a reasonable expectation that it has adequate resources to continue in operational existence for the foreseeable future, and for this reason will continue to adopt the going concern basis in the preparation of its financial statements. 
The Balance Sheet shows net liabilities at the year end date. The directors are of the opinion that the company is a going concern, as support will continue to be provided by the company's parent.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 3

 
EUROPEAN ENERGY UK HOLDCO ONE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary
Page 4

 
EUROPEAN ENERGY UK HOLDCO ONE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.9
Financial instruments (continued)

course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

No material judgements or key sources of estimation uncertainty have been identified.


4.


Employees

The average monthly number of employees, including directors, during the period was 0.


5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


Additions
100



At 31 December 2023
100




The company has issued a charge over this investment in a subsidiary in connection with a bank loan made to that subsidiary.

Page 5

 
EUROPEAN ENERGY UK HOLDCO ONE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

6.


Debtors

2023
£


Amounts owed by group undertakings
7,391,994

Other debtors
48

7,392,042



7.


Creditors: Amounts falling due within one year

2023
£

Amounts owed to group undertakings
7,397,248

Accruals and deferred income
5,750

7,402,998


Interest is charged on the amounts owed to group undertakings at 7% and the amount charged in the period was £595,235.


8.


Share capital

2023
£
Allotted, called up and fully paid


100 Ordinary shares of £1.00 each
100





9.


Controlling party

The parent of the smallest group for which consolidated financial statements are prepared is European Energy A/S, whose registered office is Gyngemose Parkvej 50, 2860 Soborg, Denmark.


10.


Auditors' information

The auditors' report on the financial statements for the period ended 31 December 2023 was unqualified.

The audit report was signed on 29 August 2024 by Louise Watts (Senior statutory auditor) on behalf of Venthams.

 
Page 6