1Energy Holding Limited 14489084 false 2022-11-16 2023-12-31 2023-12-31 The principal activity of the company is that of a holding company holding investments in UK based energy projects. Digita Accounts Production Advanced 6.30.9574.0 true true 14489084 2022-11-16 2023-12-31 14489084 2023-12-31 14489084 bus:OrdinaryShareClass2 2023-12-31 14489084 bus:OrdinaryShareClass3 2023-12-31 14489084 core:ShareCapital 2023-12-31 14489084 core:CurrentFinancialInstruments 2023-12-31 14489084 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 14489084 bus:SmallEntities 2022-11-16 2023-12-31 14489084 bus:Audited 2022-11-16 2023-12-31 14489084 bus:FullAccounts 2022-11-16 2023-12-31 14489084 bus:SmallCompaniesRegimeForAccounts 2022-11-16 2023-12-31 14489084 bus:RegisteredOffice 2022-11-16 2023-12-31 14489084 bus:Director1 2022-11-16 2023-12-31 14489084 bus:Director2 2022-11-16 2023-12-31 14489084 bus:OrdinaryShareClass2 2022-11-16 2023-12-31 14489084 bus:OrdinaryShareClass3 2022-11-16 2023-12-31 14489084 bus:PrivateLimitedCompanyLtd 2022-11-16 2023-12-31 14489084 core:ShareCapital 2022-11-16 2023-12-31 14489084 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2022-11-16 2023-12-31 14489084 countries:EnglandWales 2022-11-16 2023-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 14489084

1Energy Holding Limited

Filleted Financial Statements

for the Period from 16 November 2022 to 31 December 2023

Pages for filing with Registrar

 

1Energy Holding Limited

Contents

Company Information

1

Balance Sheet

2

Statement of Changes in Equity

3

Notes to the Financial Statements

4 to 7

 

1Energy Holding Limited

Company Information

Directors

AJ Wettern

JP Bungey

Registered office

1 Park Row
Leeds
United Kingdom
LS1 5AB

Registered number

14489084

Auditors

Deloitte LLP
Regency Court
Glategny Esplanade
Guernsey
GY1 3HW

 

1Energy Holding Limited

(Registration number: 14489084)
Balance Sheet as at 31 December 2023

Note

2023
£

Fixed assets

 

Investments

4

1,000

Current assets

 

Debtors

5

1,100

Creditors: Amounts falling due within one year

6

(1,000)

Net current assets

 

100

Net assets

 

1,100

Capital and reserves

 

Called up share capital

7

1,100

Total shareholders funds

 

1,100

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised for issue by the Board on 30 September 2024 and signed on its behalf by:
 

.........................................

JP Bungey
Director

 

1Energy Holding Limited

Statement of Changes in Equity for the Period from 16 November 2022 to 31 December 2023

Share capital
£

Total
£

New share capital subscribed but not yet paid (Note 7)

1,100

1,100

At 31 December 2023

1,100

1,100

 

1Energy Holding Limited

Notes to the Financial Statements for the Period from 16 November 2022 to 31 December 2023

1

Statutory information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
1 Park Row
Leeds
United Kingdom
LS1 5AB

2

Accounting policies

Summary of significant accounting policies

The accounting policies adopted by the company have been selected and applied based on the best judgment and in accordance with the requirements of the applicable accounting standards. The company will continue to review and refine its accounting policies as necessary to ensure compliance with the accounting standards and changing needs of the business.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention.

The financial statements are prepared in pounds sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Going concern

The directors have prepared the financial statements on a going concern basis which assumes that the company will have sufficient financial resources to meet its liabilities for a period of at least twelve months from the date of approving these financial statements. The directors have considered the support received from the wider group when completing this assessment and based on the continued support which the directors expect to be available from the wider group, the directors consider it appropriate to prepare the financial statements on a going concern basis.

Group accounts not prepared

The financial statements contain information about 1Energy Holding Limited as an individual company and do not contain consolidated financial information for its group. The company is entitled to take exemption from preparing consolidated accounts under Section 399(2) of the Companies Act 2006.

 

1Energy Holding Limited

Notes to the Financial Statements for the Period from 16 November 2022 to 31 December 2023

Expenses

Certain administrative expenses are being borne by 1Energy Group Limited and will not be reimbursed. 1Energy Group Limited is a related party by virtue of the directors of this company being on the board of 1Energy Group Limited

Investment in joint venture

A joint venture is an activity that is controlled jointly by the Company and one or more other investors under a contractual arrangement. The Company has investments in a joint venture established in a separate legal entity 1Energy Group Limited (JV company). Investments in joint ventures are recognised initially in the statement of financial position at cost (including transaction costs). Subsequently, they are accounted for using the cost model, measuring the interest in the joint venture at cost less impairment.

Impairment

Assets, other than those measured at fair value, are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss as described below.

Financial assets
For financial assets carried at cost less impairment, the impairment loss is the difference between the asset’s carrying amount and the best estimate of the amount that would be received for the asset if it were to be sold at the reporting date.

Where indicators exist for a decrease in impairment loss, and the decrease can be related objectively to an event occurring after the impairment was recognised, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired financial asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.

Trade and other debtors

Trade and other debtors are recognised initially at transaction price plus attributable transaction costs. Subsequent to initial recognition they are measured at amortised cost using the effective interest method, less any impairment losses.

Trade and other creditors

Trade and other creditors are recognised initially at transaction price less attributable transaction costs. Subsequent to initial recognition they are measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity.

3

Staff numbers

The average number of persons employed by the company during the period, was 0.

 

1Energy Holding Limited

Notes to the Financial Statements for the Period from 16 November 2022 to 31 December 2023

4

Investments

2023
£

Investments in joint ventures

1,000

As per the Joint Venture Agreement dated 6 January 2022, Asper Investment Management Limited and 1Energy Group Limited entered into the joint venture agreement (JV Agreement) to collaborate with each other to build a leading industrial scale company in the UK district energy sector, by developing, acquiring, financing, building and operating a series of district energy networks and other forms of municipal and industrial scale sustainable energy projects in the UK. The JV Agreement was further novated on 25 November 2022 and 5 December 2022, replacing 1Energy Group Limited with 1Energy Holding Limited and Asper Investment Management Limited with Asper DHUK Holding Company Limited. As at 31 December 2023, Asper DHUK Holding Ltd and 1Energy Holding Limited (the venturers) have contributed £1,000 in exchange for 50% of the share capital 1Energy Group Limited (JV company).

5

Debtors: amounts falling due within one year

2023
£

Called up share capital not paid

1,100

1,100

6

Creditors

Note

2023
£

Amounts falling due within one year

 

Amounts owed to group undertakings

8

1,000

 

1Energy Holding Limited

Notes to the Financial Statements for the Period from 16 November 2022 to 31 December 2023

7

Share capital

Allotted, called up and not fully paid shares

 

2023

 

No.

£

Ordinary A shares of £0.01 each

77,000

770

Ordinary B shares of £0.01 each

33,000

330

 

110,000

1,100

On incorporation on 16 November 2022, the company issued 10,000 ordinary shares of £0.01 each at par, an aggregate value of £100. On 25 November 2022 10,000 ordinary shares were redesignated as 7,000 ordinary A shares and 3,000 ordinary B shares of £0.01 each. On 25 November 2022 a further 70,000 ordinary £0.01 A shares and 30,000 ordinary £0.01 B shares were issued at par.

8

Related party transactions

Other transactions with directors

At the period end £1,100 in respect of unpaid share capital is due to the company from the directors in their capacity as shareholders.

Summary of transactions with group undertakings

During the year the company acquired 1,000 shares in 1Energy Group Limited for an aggregate consideration of £1,000 representing 50% of the issued share capital. At the period end £1,000 is due to 1Energy Group Limited.
 

9

Audit report

As the profit and loss account has been omitted from the filing copy of the financial statements the following information is in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The Independent Auditor's Report was unqualified.
The name of the Senior Statutory Auditor who signed the audit report on 30 September 2024 was Stuart Crowley, FCA.
• The auditor was Deloitte LLP.