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REGISTERED NUMBER: 11375569 (England and Wales)

















AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2023

FOR

LIGHTHOUSE GREEN FUELS
ENGINEERING LIMITED

LIGHTHOUSE GREEN FUELS
ENGINEERING LIMITED (REGISTERED NUMBER: 11375569)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


LIGHTHOUSE GREEN FUELS
ENGINEERING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTORS: Mr J Wadi
Mr M A Alam





REGISTERED OFFICE: 1 Cornhill
London
EC3V 3NR





REGISTERED NUMBER: 11375569 (England and Wales)





INDEPENDENT AUDITORS: Watergates Ltd (Statutory Auditor)
109 Coleman Road
Leicester
Leicestershire
LE5 4LE

LIGHTHOUSE GREEN FUELS
ENGINEERING LIMITED (REGISTERED NUMBER: 11375569)

STATEMENT OF FINANCIAL POSITION
31ST DECEMBER 2023

31/12/23 31/12/22
Notes £    £   
CURRENT ASSETS
Debtors 5 202,586 161,626
Cash at bank 166,556 61,782
369,142 223,408
CREDITORS: AMOUNTS FALLING DUE
WITHIN ONE YEAR

6

(377,517

)

(235,164

)
NET CURRENT LIABILITIES (8,375 ) (11,756 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(8,375

)

(11,756

)

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings (8,376 ) (11,757 )
SHAREHOLDERS' FUNDS (8,375 ) (11,756 )

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 Board of Directors and authorised for issue on 5th September 2024 and were signed on its behalf by:





Mr J Wadi - Director


LIGHTHOUSE GREEN FUELS
ENGINEERING LIMITED (REGISTERED NUMBER: 11375569)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023


1. STATUTORY INFORMATION

Lighthouse Green Fuels Engineering Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

The directors have reviewed future cash flow projections and financial modelling, which they feel adequately reflect the current uncertain economic environment. The directors are satisfied that this shows its future plans to be viable, and there will be sufficient cash resources available for the forthcoming 12 months to enable the entity to continue as a going concern.

The Company recharges costs to its fellow subsidiary, Lighthouse Green Fuels Limited, who is also non-trading and is relying on investments and loans from its related parties in order to achieve its plans for future profitability. As a result, the Company is reliant on its fellow subsidiary to continue as a going concern.

After considering all relevant uncertainties, the directors have a reasonable expectation that the entity has adequate resources to continue in operational existence for the foreseeable future. Thus, they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

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

Turnover consist only of recharges of labour to its parent company.

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 statement of financial position date.


LIGHTHOUSE GREEN FUELS
ENGINEERING LIMITED (REGISTERED NUMBER: 11375569)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023


2. ACCOUNTING POLICIES - continued
DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

RESEARCH AND DEVELOPMENT
Expenditure on research and development is written off in the year in which it is incurred.


FOREIGN CURRENCIES
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2022 - 7 ) .

4. AUDITORS' REMUNERATION
31/12/23 31/12/22
£    £   
Fees payable to the Company's auditors for the audit of the
Company's financial statements

2,600

1,725

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Amounts owed by group undertakings 193,894 161,626
Other debtors 8,692 -
202,586 161,626

LIGHTHOUSE GREEN FUELS
ENGINEERING LIMITED (REGISTERED NUMBER: 11375569)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Bank loans and overdrafts - 25,841
Amounts owed to group undertakings 1 2,200
Taxation and social security 350,396 200,406
Other creditors 27,120 6,717
377,517 235,164

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/12/23 31/12/22
value: £    £   
100 Ordinary 0.01 1 1

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Nazir Malida FCCA (Senior Statutory Auditor)
for and on behalf of Watergates Ltd (Statutory Auditor)

9. RELATED PARTY DISCLOSURES

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 wholly owned subsidiaries within the group.

10. ULTIMATE CONTROLLING PARENT

Lighthouse Green Fuels Engineering Limited is a subsidiary of its immediate parent, Lighthouse Green Fuels Limited.

The Company's ultimate parent undertaking is Alfanar Global Development Company Ltd which is registered in Saudi Arabia.