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VOLTARIA LIMITED

Registered Number
13208557
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2023

VOLTARIA LIMITED
Company Information
for the year from 1 January 2023 to 31 December 2023

Directors

SCHMITZ, Stefan, Dr
TEMPLE, Will

Registered Address

3rd Floor Suite
207 Regent Street
London
W1B 3HH

Registered Number

13208557 (England and Wales)
VOLTARIA LIMITED
Balance Sheet as at
31 December 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets3-70,677
Investments4100100
10070,777
Current assets
Debtors591,05210,158
Cash at bank and on hand10,7951,408
101,84711,566
Creditors amounts falling due within one year6(342,254)(107,385)
Net current assets (liabilities)(240,407)(95,819)
Total assets less current liabilities(240,307)(25,042)
Net assets(240,307)(25,042)
Capital and reserves
Called up share capital113100
Share premium4,132-
Profit and loss account(244,552)(25,142)
Shareholders' funds(240,307)(25,042)
The financial statements were approved and authorised for issue by the Board of Directors on 18 November 2024, and are signed on its behalf by:
TEMPLE, Will
Director
Registered Company No. 13208557
VOLTARIA LIMITED
Notes to the Financial Statements
for the year ended 31 December 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Going concern
The company is being supported by its parent company Renewables Infrastructure Capital LLP. The directors have no reason to believe that this support will be withdrawn in the foreseeable future.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Research and development
All research costs are expensed. Costs related to the development of products are capitalised when they meet the criteria stated in FRS 102, Section 18 Intangible assets other than Goodwill. All other development expenditure is recognised as an expense in the period in which it is incurred.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
2.Average number of employees

20232022
Average number of employees during the year00
3.Tangible fixed assets

Plant & machinery

Total

££
Cost or valuation
At 01 January 2370,67770,677
Transfers(70,677)(70,677)
Net book value
At 31 December 23--
At 31 December 2270,67770,677
4.Fixed asset investments

Investments in groups1

Total

££
Cost or valuation
At 01 January 23100100
At 31 December 23100100
Net book value
At 31 December 23100100
At 31 December 22100100

Notes

1Investments in group undertakings and participating interests
5.Debtors: amounts due within one year

2023

2022

££
Amounts owed by group undertakings83,647499
Other debtors7,4059,659
Total91,05210,158
6.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables79,36713,252
Amounts owed to related parties256,76684,945
Taxation and social security4,020-
Other creditors105105
Accrued liabilities and deferred income1,9969,083
Total342,254107,385
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.
7.Related party transactions
Included in Creditors is the amount of £256,666 (2022-£84,845.25) owed to its parent company Renewable Infrastructure Capital LLP. Included in debtors is the amount of £83,547 owed to the company by it's subsidiary Voltaria BES 101 Ltd. Other creditors includes the amount owed to a director £105.