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REGISTERED NUMBER: 08955328 (England and Wales)












Financial Statements

for the Year Ended 31st December 2023

for

HODDESDON ENERGY LTD

HODDESDON ENERGY LTD (REGISTERED NUMBER: 08955328)

Contents of the Financial Statements
for the year ended 31st December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HODDESDON ENERGY LTD

Company Information
for the year ended 31st December 2023







DIRECTOR: G Sanz Sanchez





REGISTERED OFFICE: Hoddesdon Energy Ltd
Rattys Lane
Hoddesdon
Hertfordshire
EN11 0RF





REGISTERED NUMBER: 08955328 (England and Wales)





ACCOUNTANTS: Attenboroughs (Accountants) Limited
Chartered Certified Accountants
1 Tower House
Tower Centre
Hoddesdon
Hertfordshire
EN11 8UR

HODDESDON ENERGY LTD (REGISTERED NUMBER: 08955328)

Balance Sheet
31st December 2023

31/12/23 31/12/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 51,994,142 51,989,447

CURRENT ASSETS
Debtors 5 172,013 168,552
Cash at bank 26,808 127
198,821 168,679
CREDITORS
Amounts falling due within one year 6 1,399,833 240,387
NET CURRENT LIABILITIES (1,201,012 ) (71,708 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

50,793,130

51,917,739

CAPITAL AND RESERVES
Called up share capital 7 13,161 13,161
Share premium 59,132,452 59,132,452
Retained earnings (8,352,483 ) (7,227,874 )
50,793,130 51,917,739

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

HODDESDON ENERGY LTD (REGISTERED NUMBER: 08955328)

Balance Sheet - continued
31st December 2023


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 30th August 2024 and were signed by:





G Sanz Sanchez - Director


HODDESDON ENERGY LTD (REGISTERED NUMBER: 08955328)

Notes to the Financial Statements
for the year ended 31st December 2023


1. STATUTORY INFORMATION

Hoddesdon Energy 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.

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.

Going concern
The accounts are prepared on a going concern basis which assumes the continuity of the business for the foreseeable future. The director believes this is appropriate due to the continued support of group companies which have enabled the company to continue its project of the renovation and refurbishment of the refuse derived fuel power plant.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

HODDESDON ENERGY LTD (REGISTERED NUMBER: 08955328)

Notes to the Financial Statements - continued
for the year ended 31st December 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - NIL ) .

4. TANGIBLE FIXED ASSETS
Asset
under Capitalised Plant and
construction Interest machinery
£    £    £   
COST
At 1st January 2023 24,671,151 40,114,974 -
Additions - - 4,007
At 31st December 2023 24,671,151 40,114,974 4,007
DEPRECIATION
At 1st January 2023 12,796,678 - -
Charge for year - - 1,002
At 31st December 2023 12,796,678 - 1,002
NET BOOK VALUE
At 31st December 2023 11,874,473 40,114,974 3,005
At 31st December 2022 11,874,473 40,114,974 -

Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st January 2023 - - 64,786,125
Additions 947 1,307 6,261
At 31st December 2023 947 1,307 64,792,386
DEPRECIATION
At 1st January 2023 - - 12,796,678
Charge for year 237 327 1,566
At 31st December 2023 237 327 12,798,244
NET BOOK VALUE
At 31st December 2023 710 980 51,994,142
At 31st December 2022 - - 51,989,447

HODDESDON ENERGY LTD (REGISTERED NUMBER: 08955328)

Notes to the Financial Statements - continued
for the year ended 31st December 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Amounts owed by group undertakings 90 -
VAT 29,742 49,329
Prepayments 142,181 119,223
172,013 168,552

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Trade creditors 35,453 40,488
Amounts owed to group undertakings 1,349,466 193,933
Social security and other taxes 9,499 -
Other creditors 770 -
Accrued expenses 4,645 5,966
1,399,833 240,387

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/12/23 31/12/22
value: £    £   
9,500 Ordinary A £1 9,500 9500
2,665 Ordinary B £1 2,665 2,665
500 Deferred £1 500 500
496 Ordinary C £1 496 496
13,161 13,161

8. ULTIMATE CONTROLLING PARTY

The company is under the control of Energa Brussels Nv.