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REGISTERED NUMBER: 08840053 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 MARCH 2023 TO 31 DECEMBER 2023

FOR

ENVANTAGE RENEWABLES LTD

ENVANTAGE RENEWABLES LTD (REGISTERED NUMBER: 08840053)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 MARCH 2023 TO 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ENVANTAGE RENEWABLES LTD

COMPANY INFORMATION
FOR THE PERIOD 1 MARCH 2023 TO 31 DECEMBER 2023







DIRECTOR: J Niederländer





REGISTERED OFFICE: Initial Business Centre Wilson Business
Monsall Road
Manchester
M40 8WN





REGISTERED NUMBER: 08840053 (England and Wales)





ACCOUNTANTS: Brosnans
Chartered Accountants
Birkby House
Bailiff Bridge
Brighouse
West Yorkshire
HD6 4JJ

ENVANTAGE RENEWABLES LTD (REGISTERED NUMBER: 08840053)

BALANCE SHEET
31 DECEMBER 2023

2023 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,251,020 1,336,706

CURRENT ASSETS
Debtors 5 65,226 67,779
Cash at bank 53,446 3,355
118,672 71,134
CREDITORS
Amounts falling due within one year 6 (550,672 ) (673,814 )
NET CURRENT LIABILITIES (432,000 ) (602,680 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

819,020

734,026

PROVISIONS FOR LIABILITIES (38,303 ) (44,045 )
NET ASSETS 780,717 689,981

CAPITAL AND RESERVES
Called up share capital 7 16 16
Retained earnings 780,701 689,965
SHAREHOLDERS' FUNDS 780,717 689,981

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 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.

ENVANTAGE RENEWABLES LTD (REGISTERED NUMBER: 08840053)

BALANCE SHEET - continued
31 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 19 September 2024 and were signed by:





J Niederländer - Director


ENVANTAGE RENEWABLES LTD (REGISTERED NUMBER: 08840053)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 MARCH 2023 TO 31 DECEMBER 2023

1. STATUTORY INFORMATION

Envantage Renewables 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.

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


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

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.

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 the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 5% on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

TAXATION
Taxation for the period 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.


ENVANTAGE RENEWABLES LTD (REGISTERED NUMBER: 08840053)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MARCH 2023 TO 31 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 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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023
and 31 December 2023 2,056,471
DEPRECIATION
At 1 March 2023 719,765
Charge for period 85,686
At 31 December 2023 805,451
NET BOOK VALUE
At 31 December 2023 1,251,020
At 28 February 2023 1,336,706

ENVANTAGE RENEWABLES LTD (REGISTERED NUMBER: 08840053)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MARCH 2023 TO 31 DECEMBER 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2023
£    £   
Trade debtors - 40,191
Other debtors 65,226 27,588
65,226 67,779

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2023
£    £   
Trade creditors 3,300 -
Amounts owed to group undertakings 464,419 572,228
Taxation and social security 50,885 89,776
Other creditors 32,068 11,810
550,672 673,814

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2023
value: £    £   
16 Ordinary 1 16 16

8. RELATED PARTY DISCLOSURES

EnValue Energie Holding GmbH & Co. KG holds 100% of the share capital in Envantage Renewables Limited. EnValue Energie Holding GmbH & Co. KG has advanced funds to help finance the UK project. At the year end £464,419 (28 February 2023: £572,228) is due to the parent company, and this loan bears interest of 2% + EURIBOR per annum.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J Niederländer.