Registered number
09740508
Thornton Estate Energy Limited
Filleted Accounts
31 March 2024
Thornton Estate Energy Limited
Registered number: 09740508
Balance Sheet
as at 31 March 2024
31 March 31 March
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 9,399,943 9,674,858
Current assets
Debtors 4 494,251 780,316
Cash at bank and in hand 260,645 935,315
754,896 1,715,631
Creditors: amounts falling due within one year 5 (834,574) (1,322,156)
Net current (liabilities)/assets (79,678) 393,475
Total assets less current liabilities 9,320,265 10,068,333
Creditors: amounts falling due after more than one year 6 (8,931,396) (9,331,396)
Provisions for liabilities (96,040) -
Net assets 292,829 736,937
Capital and reserves
Profit and loss account 292,829 736,937
Shareholder's funds 292,829 736,937
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Imran Hussain
Director
Approved by the board on 11 September 2024
Thornton Estate Energy Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method, as follows:
Electricity generating plant over 25 years straight line
Electricity generating plant - major service over service interval on hours usage
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Comprehensive Income.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Electricity generating plant
£
Cost
At 1 April 2023 10,599,075
Additions 163,649
At 31 March 2024 10,762,724
Depreciation
At 1 April 2023 924,217
Charge for the year 438,564
At 31 March 2024 1,362,781
Net book value
At 31 March 2024 9,399,943
At 31 March 2023 9,674,858
4 Debtors 2024 2023
£ £
Trade debtors 103,208 -
Other debtors 391,043 780,316
494,251 780,316
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 228,771 269,276
Amounts owed to group undertakings and undertakings in which the company has a participating interest (note 7) 257,176 257,176
Taxation and social security costs - 42,679
Other creditors 348,627 753,025
834,574 1,322,156
6 Creditors: amounts falling due after one year 2024 2023
£ £
Amounts owed to group undertakings and undertakings in which the company has a participating interest (see note 7) 8,931,396 9,331,396
7 Related party transactions
The Company is funded by way of an interest bearing inter-company loan from its immediate parent company, Blackmead Infrastructure Limited, of £9,331,396 (2023: £9,331,396). The maximum amount outstanding during the period was the balance brought forward at 1 April 2023 of £9,331,396. The loan is repayable at the latest in October 2029, earlier repayment being out of excess cash in the business, and interest is charged over the life of the loan at rates of 7.7% and 8.5%. At the year end £171,165 of interest was accrued (2023: £176,561) and is included in other creditors. Additionally the Company has a short term non interest bearing loan from Blackmead Infrastructure Limited of £257,156 (2023: £257,156). This loan has no fixed terms for repayment and is included in current liabilities.
8 Controlling party
The Company's immediate parent company is Blackmead Infrastructure Limited. Its ultimate parent company is Averon Park Limited, whose registered office is C/O Foresight Group LLP, The Shard, 32 London Bridge Street, London SE1 9SG, and which is considered by the directors to be the company's controlling party.
9 Other information
Thornton Estate Energy Limited is a private company limited by shares and incorporated in England. Its registered office is:
C/O Foresight Group LLP
The Shard, 32 London Bridge Street
London
SE1 9SG
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