PT BIOGAS TECHNOLOGY LIMITED

Company Registration Number:
09199230 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

PT BIOGAS TECHNOLOGY LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Notes

PT BIOGAS TECHNOLOGY LIMITED

Balance sheet

As at 31 December 2023


Notes

2023

2022


£

£
Fixed assets
Intangible assets: 3 0 3,060
Total fixed assets: 0 3,060
Current assets
Debtors:   3,229 2,778
Cash at bank and in hand:   1
Total current assets: 3,229 2,779
Net current assets (liabilities): 3,229 2,779
Total assets less current liabilities: 3,229 5,839
Total net assets (liabilities): 3,229 5,839
Capital and reserves
Called up share capital: 1 1
Revaluation reserve:43,2843,284
Profit and loss account: (56) 2,554
Shareholders funds: 3,229 5,839

The notes form part of these financial statements

PT BIOGAS TECHNOLOGY LIMITED

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 06 March 2024
and signed on behalf of the board by:

Name: Monty Balderston
Status: Director

The notes form part of these financial statements

PT BIOGAS TECHNOLOGY LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

Intangible fixed assets and amortisation policy

Intangible assets are recorded at cost, net of amortisation and any provision for impairment. The intangible assets are being amortized over 7 years and 10 months, being the period over which the directors have assessed that significant revenues will be generated. Residual values and useful lives are reviewed at each reporting date. Where an indicator of impairment exists they are subject to impairment testing as described in Note 2.5.

Other accounting policies

Statement of compliance The financial statements are presented in Sterling (£) and have been presented in round thousands (£'000).

PT BIOGAS TECHNOLOGY LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

2. Employees

2023 2022
Average number of employees during the period 0 0

PT BIOGAS TECHNOLOGY LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Intangible Assets

Total
Cost £
At 01 January 2023 5,640
At 31 December 2023 5,640
Amortisation
At 01 January 2023 2,580
Charge for year 720
Other adjustments 2,340
At 31 December 2023 5,640
Net book value
At 31 December 2023 0
At 31 December 2022 3,060

The patents, trademarks and design are being amortized over a period of 8 years and 10 months. In December 2023, the value-in-use for the IP asset was determined to be lower than the carrying value, and through estimates related to future cash flows from the asset, management decided the full impairment of the asset. Amortization is charged to administrative expenses.

PT BIOGAS TECHNOLOGY LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Revaluation reserve

2023
£
Balance at 01 January 2023 3,284
Surplus or deficit after revaluation 0
Balance at 31 December 2023 3,284

PT BIOGAS TECHNOLOGY LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Related party transactions

Transactions with group companies As permitted by FRS 101 related party transactions with wholly owned members of the Greenlane Renewables Inc. group have not been disclosed. There are no other related party transactions to disclose.