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REGISTERED NUMBER: 10564060 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

NRG Operations Limited

NRG Operations Limited (Registered number: 10564060)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 7

NRG Operations Limited

Company Information
for the Year Ended 31 January 2024







DIRECTOR: N Thomson





REGISTERED OFFICE: 864 Christchurch Road
Bournemouth
Dorset
BH7 6DQ





REGISTERED NUMBER: 10564060 (England and Wales)





ACCOUNTANTS: LJB Chartered Certified Accountants
Tax & Business Advisors
864 Christchurch Road
Bournemouth
Dorset
BH7 6DQ

NRG Operations Limited (Registered number: 10564060)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 596,000 596,000

CURRENT ASSETS
Debtors 5 12,502 12,502
Cash at bank 748 748
13,250 13,250
CREDITORS
Amounts falling due within one year 6 933 31,706
NET CURRENT ASSETS/(LIABILITIES) 12,317 (18,456 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

608,317

577,544

CREDITORS
Amounts falling due after more than one year 7 (482,841 ) (452,028 )

PROVISIONS FOR LIABILITIES (23,728 ) (23,728 )
NET ASSETS 101,748 101,788

CAPITAL AND RESERVES
Called up share capital 67 67
Revaluation reserve 8 101,156 101,156
Capital redemption reserve 33 33
Retained earnings 492 532
SHAREHOLDERS' FUNDS 101,748 101,788

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

NRG Operations Limited (Registered number: 10564060)

Balance Sheet - continued
31 January 2024


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 17 October 2024 and were signed by:





N Thomson - Director


NRG Operations Limited (Registered number: 10564060)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

NRG Operations Limited 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.

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 as modified by the revaluation of certain assets.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year 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.

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 year 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 1 (2023 - 2 ) .

NRG Operations Limited (Registered number: 10564060)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023
and 31 January 2024 596,000
NET BOOK VALUE
At 31 January 2024 596,000
At 31 January 2023 596,000

Fair value at 31 January 2024 is represented by:
£   
Valuation in 2021 53,765
Valuation in 2023 71,119
Cost 471,116
596,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Other debtors 12,502 12,502

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Taxation and social security - 5,798
Other creditors 933 25,908
933 31,706

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Amounts owed to associates 482,841 452,028

8. RESERVES
Revaluation
reserve
£   
At 1 February 2023
and 31 January 2024 101,156

NRG Operations Limited (Registered number: 10564060)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

9. RELATED PARTY DISCLOSURES

During the year the company charged NRG Power Systems Limited, a company in which Mr N Thomson is a director and shareholder, £Nil (2023: £25,500) in respect of services provided.

During the year the company was charged interest by NRG Power Systems Limited amounting to £16,054 (2023: £10,532) in respect of the loan advanced by NRG Power Systems Limited.

At the year end the company owed NRG Power Systems Limited £482,841 (2023: £452,028).

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is N Thomson.

Chartered Certified Accountants' Report to the Director
on the Unaudited Financial Statements of
NRG Operations Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of NRG Operations Limited for the year ended 31 January 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of NRG Operations Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of NRG Operations Limited and state those matters that we have agreed to state to the director of NRG Operations Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that NRG Operations Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of NRG Operations Limited. You consider that NRG Operations Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of NRG Operations Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






LJB Chartered Certified Accountants
Tax & Business Advisors
864 Christchurch Road
Bournemouth
Dorset
BH7 6DQ


17 October 2024