Silverfin false false 30/06/2024 01/07/2023 30/06/2024 A E Buckley 24/10/2019 K Buckley 24/10/2019 29 November 2024 The principal activities of the Company during the financial year were wholesale electricity trading in the GB power market, and provision of generation asset optimisation services. 12280039 2024-06-30 12280039 bus:Director1 2024-06-30 12280039 bus:Director2 2024-06-30 12280039 2023-06-30 12280039 core:CurrentFinancialInstruments 2024-06-30 12280039 core:CurrentFinancialInstruments 2023-06-30 12280039 core:ShareCapital 2024-06-30 12280039 core:ShareCapital 2023-06-30 12280039 core:RetainedEarningsAccumulatedLosses 2024-06-30 12280039 core:RetainedEarningsAccumulatedLosses 2023-06-30 12280039 core:LandBuildings 2023-06-30 12280039 core:Vehicles 2023-06-30 12280039 core:OfficeEquipment 2023-06-30 12280039 core:LandBuildings 2024-06-30 12280039 core:Vehicles 2024-06-30 12280039 core:OfficeEquipment 2024-06-30 12280039 bus:OrdinaryShareClass1 2024-06-30 12280039 2023-07-01 2024-06-30 12280039 bus:FilletedAccounts 2023-07-01 2024-06-30 12280039 bus:SmallEntities 2023-07-01 2024-06-30 12280039 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 12280039 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 12280039 bus:Director1 2023-07-01 2024-06-30 12280039 bus:Director2 2023-07-01 2024-06-30 12280039 core:LandBuildings core:TopRangeValue 2023-07-01 2024-06-30 12280039 core:Vehicles 2023-07-01 2024-06-30 12280039 core:OfficeEquipment core:TopRangeValue 2023-07-01 2024-06-30 12280039 2022-07-01 2023-06-30 12280039 core:LandBuildings 2023-07-01 2024-06-30 12280039 core:OfficeEquipment 2023-07-01 2024-06-30 12280039 bus:OrdinaryShareClass1 2023-07-01 2024-06-30 12280039 bus:OrdinaryShareClass1 2022-07-01 2023-06-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 12280039 (England and Wales)

ARDENT ENERGY TRADING LIMITED

Unaudited Financial Statements
For the financial year ended 30 June 2024
Pages for filing with the registrar

ARDENT ENERGY TRADING LIMITED

Unaudited Financial Statements

For the financial year ended 30 June 2024

Contents

ARDENT ENERGY TRADING LIMITED

BALANCE SHEET

As at 30 June 2024
ARDENT ENERGY TRADING LIMITED

BALANCE SHEET (continued)

As at 30 June 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 67,003 88,832
67,003 88,832
Current assets
Debtors 4 11,083 9,154
Cash at bank and in hand 576,170 948,375
587,253 957,529
Creditors: amounts falling due within one year 5 ( 34,121) ( 186,649)
Net current assets 553,132 770,880
Total assets less current liabilities 620,135 859,712
Provision for liabilities ( 9,357) ( 17,616)
Net assets 610,778 842,096
Capital and reserves
Called-up share capital 6 25,000 25,000
Profit and loss account 585,778 817,096
Total shareholders' funds 610,778 842,096

For the financial year ending 30 June 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Ardent Energy Trading Limited (registered number: 12280039) were approved and authorised for issue by the Board of Directors on 29 November 2024. They were signed on its behalf by:

A E Buckley
Director
ARDENT ENERGY TRADING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
ARDENT ENERGY TRADING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Ardent Energy Trading Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 71-75 Shelton Street, London, WC2H 9JQ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

Revenue from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line and reducing balance basis over its expected useful life, as follows:

Land and buildings 10 years straight line
Vehicles 25 % reducing balance
Office equipment 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Land and buildings Vehicles Office equipment Total
£ £ £ £
Cost
At 01 July 2023 20,574 60,599 19,538 100,711
Additions 0 0 332 332
At 30 June 2024 20,574 60,599 19,870 101,043
Accumulated depreciation
At 01 July 2023 5,486 0 6,393 11,879
Charge for the financial year 2,057 15,150 4,954 22,161
At 30 June 2024 7,543 15,150 11,347 34,040
Net book value
At 30 June 2024 13,031 45,449 8,523 67,003
At 30 June 2023 15,088 60,599 13,145 88,832

4. Debtors

2024 2023
£ £
Prepayments 8,010 8,154
VAT recoverable 3,073 0
Other debtors 0 1,000
11,083 9,154

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 11,531 7,648
Amounts owed to directors 5,049 45,049
Accruals 4,745 4,124
Corporation tax 7,797 107,708
Other taxation and social security 4,999 22,120
34,121 186,649

6. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
25,000 Ordinary shares of £ 1.00 each 25,000 25,000

7. Related party transactions

Transactions with the entity's directors

At the year end the Company owed the directors £5,049 (2023 - £45,049). The loan is interest free and repayable on demand.