HoSt Bio-Energy UK Limited 08963682 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is the building of anaerobic digesters and maintenance. Digita Accounts Production Advanced 6.30.9574.0 true true 08963682 2023-01-01 2023-12-31 08963682 2023-12-31 08963682 core:RetainedEarningsAccumulatedLosses 2023-12-31 08963682 core:ShareCapital 2023-12-31 08963682 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 08963682 core:CostValuation 2023-12-31 08963682 core:ProvisionsForImpairmentInvestments 2023-12-31 08963682 core:BetweenTwoFiveYears 2023-12-31 08963682 core:WithinOneYear 2023-12-31 08963682 core:FurnitureFittingsToolsEquipment 2023-12-31 08963682 core:MotorVehicles 2023-12-31 08963682 core:OtherPropertyPlantEquipment 2023-12-31 08963682 core:OnerousContractsExcludingVacantProperties 2023-12-31 08963682 bus:SmallEntities 2023-01-01 2023-12-31 08963682 bus:Audited 2023-01-01 2023-12-31 08963682 bus:FullAccounts 2023-01-01 2023-12-31 08963682 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 08963682 bus:RegisteredOffice 2023-01-01 2023-12-31 08963682 bus:Director1 2023-01-01 2023-12-31 08963682 bus:Director2 2023-01-01 2023-12-31 08963682 bus:Director3 2023-01-01 2023-12-31 08963682 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 08963682 core:Associate1 2023-01-01 2023-12-31 08963682 core:FurnitureFittingsToolsEquipment 2023-01-01 2023-12-31 08963682 core:MotorVehicles 2023-01-01 2023-12-31 08963682 core:OfficeEquipment 2023-01-01 2023-12-31 08963682 core:OtherPropertyPlantEquipment 2023-01-01 2023-12-31 08963682 core:PlantMachinery 2023-01-01 2023-12-31 08963682 core:OnerousContractsExcludingVacantProperties 2023-01-01 2023-12-31 08963682 countries:EnglandWales 2023-01-01 2023-12-31 08963682 2022-12-31 08963682 core:FurnitureFittingsToolsEquipment 2022-12-31 08963682 core:MotorVehicles 2022-12-31 08963682 core:OtherPropertyPlantEquipment 2022-12-31 08963682 core:OnerousContractsExcludingVacantProperties 2022-12-31 08963682 2022-01-01 2022-12-31 08963682 2022-12-31 08963682 core:RetainedEarningsAccumulatedLosses 2022-12-31 08963682 core:ShareCapital 2022-12-31 08963682 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 08963682 core:CostValuation 2022-12-31 08963682 core:ProvisionsForImpairmentInvestments 2022-12-31 08963682 core:BetweenTwoFiveYears 2022-12-31 08963682 core:WithinOneYear 2022-12-31 08963682 core:FurnitureFittingsToolsEquipment 2022-12-31 08963682 core:MotorVehicles 2022-12-31 08963682 core:OtherPropertyPlantEquipment 2022-12-31 08963682 core:Associate1 2022-01-01 2022-12-31 iso4217:GBP xbrli:pure

Registration number: 08963682

Prepared for the registrar

HoSt Bio-Energy UK Limited

Annual Report and Financial Statements

for the Year Ended 31 December 2023

 

HoSt Bio-Energy UK Limited

Company Information

Directors

Mr H Klein Teeselink

Mr M A F Te Braak

Mr J Klein Teeselink

Registered office

Unit 2
South Cambridgeshire Business Park
Sawston
Cambridge
CB22 3JH

Auditors

Hazlewoods LLP
Staverton Court
Staverton
Cheltenham
Gloucestershire
GL51 0UX

 

HoSt Bio-Energy UK Limited

(Registration number: 08963682)
Balance Sheet as at 31 December 2023

Note

2023
 £

2022
 £

Fixed assets

 

Tangible assets

4

60,655

67,569

Investments

5

-

-

 

60,655

67,569

Current assets

 

Debtors

6

1,836,247

1,282,616

Cash at bank and in hand

 

3,072,879

1,405,119

 

4,909,126

2,687,735

Creditors: Amounts falling due within one year

7

(4,650,220)

(2,307,450)

Net current assets

 

258,906

380,285

Total assets less current liabilities

 

319,561

447,854

Provisions

8

(134,074)

(451,235)

Deferred tax liabilities

(8,478)

-

Net assets/(liabilities)

 

177,009

(3,381)

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

176,909

(3,481)

Total deficit

 

177,009

(3,381)

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 22 August 2024 and signed on its behalf by:
 


Mr J Klein Teeselink
Director

 

HoSt Bio-Energy UK Limited

Notes to the Financial Statements for the Year Ended 31 December 2023

 

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 2
South Cambridgeshire Business Park
Sawston
Cambridge
CB22 3JH

 

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except for, where disclosed in these accounting policies, certain items that are shown at fair value.

The presentational currency of the financial statements is Pounds Sterling, being the functional currency of the primary economic environment in which the company operates. Monetary amounts in these financial statements are rounded to the nearest Pound.

Name of parent of group
The parent of the smallest group preparing consolidated financial statements is HoSt Holding B.V. The registered office of HoSt Holding B.V. is Thermen 10, 7521 PS Enschede, The Netherlands.

Going concern

The financial statements have been prepared on a going concern basis, which assumes that the company will be able to continue trading in the foreseeable future. HoSt Holding B.V. has confirmed that amounts due to it in the twelve months from the date of approval of these financial statements will, if necessary, be deferred and, if required, further operational funds will be made available to the company.

On this basis, the directors consider it appropriate to prepare the financial statements on a going concern basis.

Critical accounting judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.
 

Judgements

No significant judgements have been made by management in preparing these financial statements.

Key sources of estimation uncertainty
No key sources of estimation uncertainty have been identified by management in preparing these financial statements other than those detailed in these accounting policies.

 

HoSt Bio-Energy UK Limited

Notes to the Financial Statements for the Year Ended 31 December 2023 (continued)

 

2

Accounting policies (continued)

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts. The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Turnover from the supply of services includes the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable.

Where the outcome of a construction contract can be estimated reliably, revenue and costs are recognised by reference to the stage of completion of the contract activity at the balance sheet date. This is measured by the proportion that contract costs incurred for work performed to date bear to the estimated total contract costs. Variations in contract work, claims and incentive payments are included to the extent that the amount can be measured reliably and its receipt is considered probable. Where the outcome of a construction contract cannot be estimated reliably, contract revenue is recognised to the extent of contract costs incurred where it is probable they will be recoverable. Contract costs are recognised as expenses in the period in which they are incurred. When it is probable that total contract costs will exceed total contract value, the expected loss is recognised as an expense immediately.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rates prevailing on the initial transaction dates.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in the profit and loss account, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

HoSt Bio-Energy UK Limited

Notes to the Financial Statements for the Year Ended 31 December 2023 (continued)

 

2

Accounting policies (continued)

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

5% straight line

Motor vehicles

20% reducing balance

Office equipment

25% reducing balance

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.

Trade debtors

Trade debtors are amounts due from customers for goods sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. All trade debtors are repayable within one year and hence are included at the undiscounted cost of cash expected to be received. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the debtors.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and all are repayable within one year and hence are included at the undiscounted amount of cash expected to be paid.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

HoSt Bio-Energy UK Limited

Notes to the Financial Statements for the Year Ended 31 December 2023 (continued)

 

2

Accounting policies (continued)

Financial instruments

Classification
Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability on the balance sheet. The corresponding dividends relating to the liability component are charged as interest expenses in the profit and loss account.

 Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

 Impairment
Assets, other than those measured at fair value, are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss as described below.

A non financial asset is impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use.

Where indicators exist for a decrease in impairment loss, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.

For financial assets carried at amortised cost, the amount of an impairment is the difference between the asset’s carrying amount and the present value of estimated future cash flows, discounted at the financial asset’s original effective interest rate.

For financial assets carried at cost less impairment, the impairment loss is the difference between the asset’s carrying amount and the best estimate of the amount that would be received for the asset if it were to be sold at the reporting date.

Where indicators exist for a decrease in impairment loss, and the decrease can be related objectively to an event occurring after the impairment was recognised, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired financial asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.

 

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 6 (2022 - 6).

 

HoSt Bio-Energy UK Limited

Notes to the Financial Statements for the Year Ended 31 December 2023 (continued)

 

4

Tangible assets

Plant and machinery
 £

Motor vehicles
 £

Office equipment
 £

Total
£

Cost

At 1 January 2023

8,819

98,152

6,323

113,294

Additions

-

28,450

5,634

34,084

Disposals

-

(54,097)

-

(54,097)

At 31 December 2023

8,819

72,505

11,957

93,281

Depreciation

At 1 January 2023

3,943

39,756

2,026

45,725

Charge for the year

441

11,467

1,302

13,210

Eliminated on disposal

-

(26,309)

-

(26,309)

At 31 December 2023

4,384

24,914

3,328

32,626

Carrying amount

At 31 December 2023

4,435

47,591

8,629

60,655

At 31 December 2022

4,876

58,396

4,297

67,569

 

5

Investments

Associates

£

Cost

At 1 January 2023

170,000

At 31 December 2023

170,000

Impairment

At 1 January 2023

170,000

At 31 December 2023

170,000

Carrying amount

At 31 December 2023

-

At 31 December 2022

-

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) 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

     

2023

2022

Associates

Charlton Park Biogas Limited

Trent Lodge, Stroud Road, Cirencester, GL7 6JN

Ordinary B

20.05%

20.05%

 

     
 

HoSt Bio-Energy UK Limited

Notes to the Financial Statements for the Year Ended 31 December 2023 (continued)

 

6

Debtors

2023
 £

2022
 £

Trade debtors

830,252

331,965

Amounts owed by related parties

603,179

547,424

Amounts recoverable on contracts

323,837

99,199

Other debtors

14,044

100,988

Prepayments

20,839

8,170

Deferred tax assets

-

104,681

Corporation tax asset

44,096

90,189

 

1,836,247

1,282,616

 

7

Creditors

2023
 £

2022
 £

Due within one year

Trade creditors

126,285

248,393

Amounts due to related parties

4,105,616

1,784,442

Amounts due on contracts

-

112,788

Social security and other taxes

167,240

-

Other creditors

3,343

3,735

Accrued expenses

247,736

158,092

4,650,220

2,307,450

 

8

Provisions

Onerous contracts
£

Total
£

At 1 January 2023

451,235

451,235

Decrease in existing provisions

(317,161)

(317,161)

At 31 December 2023

134,074

134,074

Provisions for onerous contracts are recognised when it is probable that total contract costs will exceed total contract revenues on construction contracts.

 

9

Audit report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 22 August 2024_______________ was Ursula Bryars, who signed for and on behalf of Hazlewoods LLP.
 

 

HoSt Bio-Energy UK Limited

Notes to the Financial Statements for the Year Ended 31 December 2023 (continued)

 

10

Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

2023
£

2022
£

Not later than one year

21,000

-

Later than one year and not later than five years

29,750

-

50,750

-

The amount of non-cancellable operating lease payments recognised as an expense during the year was £12,250 (2022 - £Nil).