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REGISTERED NUMBER: 13816558 (England and Wales)















Report of the Director and

Unaudited Financial Statements for the Year Ended 31st December 2023

for

Qc Aymaro Limited

Qc Aymaro Limited (Registered number: 13816558)






Contents of the Financial Statements
for the Year Ended 31st December 2023




Page

Company Information 1

Report of the Director 2

Income Statement 3

Statement of Financial Position 4

Notes to the Financial Statements 5


Qc Aymaro Limited

Company Information
for the Year Ended 31st December 2023







DIRECTOR: Declan O'Halloran





REGISTERED OFFICE: 168 Church Road
Hove
United Kingdom
East Sussex
BN3 2DL





REGISTERED NUMBER: 13816558 (England and Wales)





ACCOUNTANTS: Quintas Energy UK Limited

Qc Aymaro Limited (Registered number: 13816558)

Report of the Director
for the Year Ended 31st December 2023

The director presents his report with the financial statements of the company for the year ended 31st December 2023.

PRINCIPAL ACTIVITY
The principal activity of the company is the generation of electricity using solar technology, although the plant is on development phase and no activity was carried out during the period.

BUSINESS REVIEW
During the period under review, the Company did not make any profit or loss as all costs have been capitalised and will continue to do so until the SPVs commence operations.

DIRECTOR
The director shown below held office during the year ending 31 December 2023:

D O'Halloran (appointed 23 December 2021)

POLITICAL DONATIONS AND EXPENDITURE
The company made no political donations in the current year.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Declan O'Halloran - Director


29th August 2024

Qc Aymaro Limited (Registered number: 13816558)

Income Statement
for the Year Ended 31st December 2023

Period
23/12/21
Year Ended to
31/12/23 31/12/22
£ £

TURNOVER - -

Administrative expenses - (4,464 )
OPERATING LOSS and
LOSS BEFORE TAXATION - (4,464 )

Tax on loss - -
LOSS FOR THE FINANCIAL YEAR - (4,464 )

Qc Aymaro Limited (Registered number: 13816558)

Statement of Financial Position
31st December 2023

31/12/23 31/12/22
Notes £ £
FIXED ASSETS
Tangible assets 4 431,236 -

CURRENT ASSETS
Debtors: amounts falling due within one year 5 1,760 893

CREDITORS
Amounts falling due within one year 6 (432,995 ) (5,356 )
NET CURRENT LIABILITIES (431,235 ) (4,463 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1

(4,463

)

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 8 - (4,464 )
SHAREHOLDER FUNDS 1 (4,463 )

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

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

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 29th August 2024 and were signed by:





Declan O'Halloran - Director


Qc Aymaro Limited (Registered number: 13816558)

Notes to the Financial Statements
for the Year Ended 31st December 2023

1. STATUTORY INFORMATION

Qc Aymaro Limited (13816558) is a private company, limited by shares, incorporated and domiciled in England. The address of the company's registered office is 168 Church Road, Hove, East Sussex, United Kingdom, BN3 2DL.

The principal activity of the company during the period under review was the generation of electricity using solar technology, although the plant is on development phase and no activity was carried out during the period.

2. ACCOUNTING POLICIES

Basis of preparing
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.

Financial instruments
Financial instruments recognised on the Statement of Financial Position include current assets, cash at bank, accounts payable and creditors.

Financial liabilities
Accounts payable due within one year are initially recognised at fair value and include intercompany transactions with Quintas Energy UK Limited for invoices received as QE Aymaro Limited does not yet have a bank account.

Capital and reserves
Capital comprises the following:

- "Called up share capital" which represents the nominal value of ordinary equity shares issued and called.

Where financial instruments issued by the company do not have any features meeting the definition of a financial liability then such capital is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it related 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.

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.

3. EMPLOYEES AND DIRECTORS

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

Qc Aymaro Limited (Registered number: 13816558)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2023

4. TANGIBLE FIXED ASSETS


Plant and
machinery etc
£
COST:
At 31st December 2022-
and 31st December 2023431,236
NET BOOK VALUE
At 31st December 2023431,236
At 31st December 2022-

The Company's property, plant and equipment under construction includes the development costs of the project to develop a photovoltaic power plant.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/2331/12/22
££
AMOUNTS FALLING DUE WITHIN ONE YEAR:
VAT1,759893
Receivable on called-up ordinary shares or equity holdings1-
1,760893

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/2331/12/22
££
Intercompany payable432,9955,356
432,9955,356

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/12/23 31/12/22
value: £ £
1 Ordinary £1.00 1 1

8. RESERVES

In the previous year, an amount of 4,464 in losses appeared in reserves. This amount should have been turned into assets instead of keeping it as losses. We have decided to fix this issue this year and re-classify the previous losses as assets in progress.

9. DEFERRED TAX

There was no deferred taxation as at the period end date.

10. ULTIMATE PARENT COMPANY

The parent company is Quintas Cleantech S.L.; a company incorporated in Spain. The registered office of Quintas Cleantech S.L. is República Argentina 25, Módulo 2, Planta 4, 41001, Sevilla, Spain.

Quintas Energy S.A., with registered office in República Argentina 25, Módulo 2, Planta 4, 41001, Sevilla, Spain; is the parent company of Quintas Cleantech S.L.

In January 2024 QC Aymaro Limited was acquired by Quintas Power Limited with its registered address at Heron House, Blackpool Park, Cork, T23 R50R, Ireland; with registered number 738312.