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BSR Energy Holdings Limited

Annual Report and Financial Statements
Year Ended 31 December 2023

Registration number: 09610152

 

BSR Energy Holdings Limited

Contents

Balance Sheet

1

Notes to the Financial Statements

2 to 5

 

BSR Energy Holdings Limited

Balance Sheet

31 December 2023

Note

2023
£

2022
£

Current assets

 

Debtors

5

1,139

1,139

Creditors: Amounts falling due within one year

6

(567,184)

(567,184)

Net liabilities

 

(566,045)

(566,045)

Capital and reserves

 

Called up share capital

7

100

100

Profit and loss account

(566,145)

(566,145)

Shareholders' deficit

 

(566,045)

(566,045)

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 2 August 2024 and signed on its behalf by:
 

.........................................
Mr G Phillips
Director

Company Registration Number: 09610152

 

BSR Energy Holdings Limited

Notes to the Financial Statements

Year Ended 31 December 2023

1

General information

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

The address of its registered office is:
35 - 35A The Maltings
Lower Charlton Trading Estate
Shepton Mallet
Somerset
England
BA4 5QE

These financial statements were authorised for issue by the Board on 2 August 2024.

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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

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

The presentation currency is £ sterling.

Group accounts not prepared

The financial statements contain information about BSR Energy Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company has taken advantage of the exemption conferred by section 400 of the Companies Act 2006 not to produce consolidated financial statements as it is included in group accounts of a larger UK group.

 

BSR Energy Holdings Limited

Notes to the Financial Statements

Year Ended 31 December 2023

Going concern

The financial statements have been prepared on a going concern basis.

The company has net current liabilities of £566,045.

In making their going concern assessment, the directors have obtained confirmation that the ultimate parent undertaking and other group companies will continue to provide financial and non financial support to the company for the foreseeable future, being at least 12 months from approval of the financial statements.

The directors have obtained confirmation that the amounts due to group companies, whilst considered repayable on demand, will only be called in when there are sufficient funds to do so and not in detriment to third party creditors.

The directors have also considered the ability of the ultimate parent undertaking and other group companies ability to provide financial and non financial support for the foreseeable future.

As such, the directors believe that the going concern basis to be appropriate.

Investments

Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

Financial instruments

Classification
The company holds the following financial instruments:

• Short term trade and other debtors and creditors; and
• Balances with group undertakings

All financial instruments are classified as basic.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.


 

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2022 - 0).

 

BSR Energy Holdings Limited

Notes to the Financial Statements

Year Ended 31 December 2023

4

Investments

Subsidiaries

£

Cost or valuation

At 1 January 2023

411,751

At 31 December 2023

411,751

Provision

At 1 January 2023

411,751

At 31 December 2023

411,751

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

Subsidiary undertakings

BSR Energy Limited

Same as the company

Ordinary shares

100%

100%

Omnio Energy Limited

Same as the company

Ordinary shares

100%

100%

Subsidiary undertakings

BSR Energy Limited

The principal activity of BSR Energy Limited is the development, design and the operation of and maintenance of solar and energy storage plants.

Omnio Energy Limited

The principal activity of Omnio Energy Limited is the distribution of electricity.

5

Debtors

2023
£

2022
£

Amounts due from group undertakings

1,139

1,139

 

BSR Energy Holdings Limited

Notes to the Financial Statements

Year Ended 31 December 2023

6

Creditors

2023
£

2022
£

Due within one year

Amounts owed to group undertakings

567,184

567,184

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Share holding of £1 each

100

100

100

100

         

8

Related party transactions

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with other wholly owned subsidiaries within the group.

9

Parent and ultimate parent undertaking

The immediate parent company is BSR Group Holdings Limited, a company registered in England & Wales. The ultimate parent company is Owl TopCo 1 Limited, a company registered in England & Wales.

The smallest group in which the results of the company are consolidated is that headed by BSR Group Holdings Limited, a company registered in England & Wales. The largest group in which the results of the company is consolidated is that headed by Owl TopCo 1 Limited, a company registered in England & Wales. Copies of the publicly available consolidated financial statements may be obtained from the Registrar of Companies.

The directors do not consider there to be any individual who has ultimate control.

10

Audit report

The Independent Auditors' Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report was Tom Beable (FCA), who signed for and on behalf of PKF Francis Clark on 7 August 2024.