Caseware UK (AP4) 2024.0.164 2024.0.164 No description of principal activityfalse13true2023-10-0126truefalse 14590503 2023-10-01 2024-09-30 14590503 2023-01-13 2023-09-30 14590503 2024-09-30 14590503 2023-09-30 14590503 c:Director2 2023-10-01 2024-09-30 14590503 d:Buildings 2023-10-01 2024-09-30 14590503 d:Buildings 2024-09-30 14590503 d:Buildings 2023-09-30 14590503 d:Buildings d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 14590503 d:PlantMachinery 2023-10-01 2024-09-30 14590503 d:PlantMachinery 2024-09-30 14590503 d:PlantMachinery 2023-09-30 14590503 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 14590503 d:MotorVehicles 2023-10-01 2024-09-30 14590503 d:MotorVehicles 2024-09-30 14590503 d:MotorVehicles 2023-09-30 14590503 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 14590503 d:FurnitureFittings 2023-10-01 2024-09-30 14590503 d:FurnitureFittings 2024-09-30 14590503 d:FurnitureFittings 2023-09-30 14590503 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 14590503 d:OtherPropertyPlantEquipment 2023-10-01 2024-09-30 14590503 d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 14590503 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-10-01 2024-09-30 14590503 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-09-30 14590503 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-09-30 14590503 d:CurrentFinancialInstruments 2024-09-30 14590503 d:CurrentFinancialInstruments 2023-09-30 14590503 d:Non-currentFinancialInstruments 2024-09-30 14590503 d:Non-currentFinancialInstruments 2023-09-30 14590503 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 14590503 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 14590503 d:Non-currentFinancialInstruments d:AfterOneYear 2024-09-30 14590503 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-30 14590503 d:ShareCapital 2024-09-30 14590503 d:ShareCapital 2023-09-30 14590503 d:RetainedEarningsAccumulatedLosses 2024-09-30 14590503 d:RetainedEarningsAccumulatedLosses 2023-09-30 14590503 d:AcceleratedTaxDepreciationDeferredTax 2024-09-30 14590503 d:AcceleratedTaxDepreciationDeferredTax 2023-09-30 14590503 d:OtherDeferredTax 2024-09-30 14590503 d:OtherDeferredTax 2023-09-30 14590503 c:OrdinaryShareClass1 2023-10-01 2024-09-30 14590503 c:OrdinaryShareClass1 2024-09-30 14590503 c:OrdinaryShareClass1 2023-09-30 14590503 c:FRS102 2023-10-01 2024-09-30 14590503 c:Audited 2023-10-01 2024-09-30 14590503 c:FullAccounts 2023-10-01 2024-09-30 14590503 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 14590503 d:WithinOneYear 2024-09-30 14590503 d:WithinOneYear 2023-09-30 14590503 d:BetweenOneFiveYears 2024-09-30 14590503 d:BetweenOneFiveYears 2023-09-30 14590503 d:MoreThanFiveYears 2024-09-30 14590503 d:MoreThanFiveYears 2023-09-30 14590503 c:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 14590503 2 2023-10-01 2024-09-30 14590503 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:OwnedIntangibleAssets 2023-10-01 2024-09-30 14590503 e:PoundSterling 2023-10-01 2024-09-30 14590503 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:PriorPeriodIncreaseDecrease 2023-09-30 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 14590503










N&P Hartlepool MRF Ltd










Financial statements

For the year ended 30 September 2024

 
N&P Hartlepool MRF Ltd
Registered number: 14590503

Balance Sheet
As at 30 September 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 5 
-
77,500

Tangible assets
 6 
1,464,749
4,640,038

  
1,464,749
4,717,538

Current assets
  

Stocks
  
482,556
496,088

Debtors: amounts falling due within one year
 7 
3,120,199
2,388,715

Cash at bank and in hand
  
381,866
708,215

  
3,984,621
3,593,018

Creditors: amounts falling due within one year
 8 
(10,873,548)
(7,961,899)

Net current liabilities
  
 
 
(6,888,927)
 
 
(4,368,881)

Total assets less current liabilities
  
(5,424,178)
348,657

Creditors: amounts falling due after more than one year
 9 
(800,000)
(900,000)

  

Net liabilities
  
(6,224,178)
(551,343)


Capital and reserves
  

Called up share capital 
 11 
100
100

Profit and loss account
  
(6,224,278)
(551,443)

  
(6,224,178)
(551,343)


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




L Jennissen
Director

Date: 10 February 2025

The notes on pages 2 to 13 form part of these financial statements.

Page 1

 
N&P Hartlepool MRF Ltd
 

 
Notes to the Financial Statements
For the year ended 30 September 2024

1.


General information

N&P Hartlepool MRF Ltd is a private company limited by shares, incorporated in England with registration number 14590503. The registered office address is Century Wharf, Crayford Creek, Dartford, Kent, DA1 4QG.
The financial statements are presented for the year ended 30 September 2024. The comparative period presented is for the 9 months ended 30 September 2023 and therefore the amounts presented (including the related notes) are not entirely comparable. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies (see note 3).

The financial statements are rounded to the nearest pound.

The following principal accounting policies have been applied:

 
2.2

Going concern

The company meets its day to day working capital requirements through loans from fellow subsidiaries within the N+P Group. These fellow subsidiaries will continue to financially support the company for its working capital requirements until the company is able to pay its own obligations in the ordinary course of business.
Notwithstanding these factors, after making enquiries and considering the uncertainties, the directors have formed a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For these reasons, they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

Page 2

 
N&P Hartlepool MRF Ltd
 

 
Notes to the Financial Statements
For the year ended 30 September 2024

2.Accounting policies (continued)

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is pounds sterling.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

 
2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
N&P Hartlepool MRF Ltd
 

 
Notes to the Financial Statements
For the year ended 30 September 2024

2.Accounting policies (continued)

 
2.5

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.6

Research and development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight-line basis over their useful economic lives.
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

 
2.7

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.8

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.9

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
N&P Hartlepool MRF Ltd
 

 
Notes to the Financial Statements
For the year ended 30 September 2024

2.Accounting policies (continued)

 
2.10

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.11

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.12

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

The Company adds to the carrying amount of an item of fixed assets the cost of replacing part of such an item when that cost is incurred, if the replacement part is expected to provide incremental future benefits to the Company. The carrying amount of the replaced part is derecognised. Repairs and maintenance are charged to profit or loss during the period in which they are incurred.

Page 5

 
N&P Hartlepool MRF Ltd
 

 
Notes to the Financial Statements
For the year ended 30 September 2024

2.Accounting policies (continued)


2.12
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property
-
3 - 20 years
Plant and machinery
-
1 - 9 years
Motor vehicles
-
3 years
Fixtures and fittings
-
4 years
Other fixed assets
-
3 - 5 years

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.13

Impairment of fixed assets

Assets that are subject to depreciation or amortisation are assessed at each balance sheet date to determine whether there is any indication that the assets are impaired. Where there is any indication that an asset may be impaired, the carrying value of the asset (or cash-generating unit to which the asset has been allocated) is tested for impairment. An impairment loss is recognised for the amount by which the asset's carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset's (or CGU's) fair value less costs to sell and value in use. For the purposes of assessing impairment, assets are grouped at the lowest levels for which there are separately identifiable cash flows (CGUs). Non-financial assets that have been previously impaired are reviewed at each balance sheet date to assess whether there is any indication that the impairment losses recognised in prior periods may no longer exist or may have decreased.

 
2.14

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.15

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.16

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Page 6

 
N&P Hartlepool MRF Ltd
 

 
Notes to the Financial Statements
For the year ended 30 September 2024

2.Accounting policies (continued)


2.16
Financial instruments (continued)

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Impairment of financial assets

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

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 the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.
 
Page 7

 
N&P Hartlepool MRF Ltd
 

 
Notes to the Financial Statements
For the year ended 30 September 2024

2.Accounting policies (continued)


2.16
Financial instruments (continued)


Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.


3.


Judgements in applying accounting policies and key sources of estimation uncertainty

The preparation of the financial statements requires the directors to make judgements, estimates and assumptions that can affect the amounts reported for assets and liabilities, and the results for the year. The nature of estimation is such though that actual outcomes could differ significantly from those estimates.
The following judgements and estimates have had the most significant impact on amounts recognised in the financial statements:
Impairment of tangible fixed assets
During the year, an impairment charge of £2,432,298 (2023 - £NIL) has been recognised. As described at note 6, the Directors have undertaken a review of the Company's operations, resulting in a reduction in the recoverable amount of the Company's fixed assets. The assessment of recoverable amount is most sensitive to assumptions about the future use of assets within the Group, and estimated selling prices.


4.


Employees

The average monthly number of employees, including directors, during the year was 26 (2023 - 13).

Page 8

 
N&P Hartlepool MRF Ltd
 

 
Notes to the Financial Statements
For the year ended 30 September 2024

5.


Intangible assets




Development expenditure

£





At 1 October 2023
81,580


Disposals
(60,000)


Reclassified to tangible fixed assets
(21,580)



At 30 September 2024

-





At 1 October 2023
4,080


Charge for the year
7,320


On disposals
(6,000)


Reclassified to tangible fixed assets
(5,400)



At 30 September 2024

-



Net book value



At 30 September 2024
-



At 30 September 2023
77,500



Page 9

 
N&P Hartlepool MRF Ltd
 

 
Notes to the Financial Statements
For the year ended 30 September 2024

6.


Tangible fixed assets





Freehold property
Plant and machinery
Motor vehicles
Fixtures, fittings and other
fixed assets
Total

£
£
£
£
£



Cost


At 1 October 2023
342,487
4,770,782
12,000
112,533
5,237,802


Additions
526,056
200,556
-
43,513
770,125


Disposals
-
(96,000)
-
-
(96,000)


Reclassified from intangible fixed assets
-
21,580
-
-
21,580



At 30 September 2024

868,543
4,896,918
12,000
156,046
5,933,507



Depreciation


At 1 October 2023
6,910
565,798
7,482
17,574
597,764


Charge for the year
90,996
1,306,086
1,668
44,792
1,443,542


Disposals
-
(10,237)
-
-
(10,237)


Reclassified from intangible fixed assets
-
5,400
-
-
5,400


Impairment charge
708,161
1,627,598
2,850
93,680
2,432,289



At 30 September 2024

806,067
3,494,645
12,000
156,046
4,468,758



Net book value



At 30 September 2024
62,476
1,402,273
-
-
1,464,749



At 30 September 2023
335,577
4,204,984
4,518
94,959
4,640,038

During the reporting period, the Directors have undertaken a review of the Company's operations. Following this review, and an assessment of recoverable amount of the Company's assets, an impairment charge of £2,432,289 has been recognised (2023 - £NIL).

Page 10

 
N&P Hartlepool MRF Ltd
 

 
Notes to the Financial Statements
For the year ended 30 September 2024

7.


Debtors

2024
2023
£
£


Trade debtors
656,482
1,582,438

Amounts owed by group undertakings
1,441,497
273,139

Other debtors
64,738
40,430

Prepayments and accrued income
297,506
429,320

Deferred taxation
659,976
63,388

3,120,199
2,388,715



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
766,863
753,176

Amounts owed to group undertakings
8,145,115
5,235,962

Other taxation and social security
120,393
391,006

Other creditors
107,060
105,370

Accruals and deferred income
1,734,117
1,476,385

10,873,548
7,961,899



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other creditors
800,000
900,000


Included in other creditors due in more than one year is £400,000 (2023 - £500,000) which is payable in more than 5 years. The amounts are payable by annual instalments of £100,000.


10.


Deferred taxation




2024


£






At beginning of year
63,388


Charged to profit or loss
596,588



At end of year
659,976

Page 11

 
N&P Hartlepool MRF Ltd
 

 
Notes to the Financial Statements
For the year ended 30 September 2024
 
10.Deferred taxation (continued)

The deferred tax asset is made up as follows:

2024
2023
£
£


Accelerated capital allowances
658,211
62,045

Pension
1,765
1,343

659,976
63,388


11.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100



12.


Commitments under operating leases

At 30 September 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
302,517
175,000

Later than 1 year and not later than 5 years
919,150
700,000

Later than 5 years
831,250
1,006,250

2,052,917
1,881,250


13.


Related party transactions

The company is exempt from disclosing related party transactions with other companies that are wholly owned within the group.
All other related party transactions during the current and prior periods, including key management personnel compensation, were made under normal market conditions.

Page 12

 
N&P Hartlepool MRF Ltd
 

 
Notes to the Financial Statements
For the year ended 30 September 2024

14.


Controlling party

The Company is a wholly owned subsidiary of TSP Assetco Ltd, a company incorporated in England.
The Company is part of the the N&P Group, the parent of which, is N&P Beheer BV. N&P Beheer BV is the smallest group for which consolidated financial statements are prepared. Copies of the consolidated financial statements are publicly available from the company's registered office at Berkstraat 28, 5854GW Bergen, The Netherlands.
The N&P Group is majority owed by Mercuria Energy Group Limited, a limited liability company incorporated in Republic of Cyprus. Mercuria Energy Group Limited and its subsidiaries are referred to as the “Mercuria Group”. The consolidated financial statements of Mercuria Group, prepared in accordance with International Financial Report Standards as adopted by EU, are available to the public and can be found with the Cyprus Register of Commerce or can be obtained from 8 Simou Menardou Street, Ria Court 8, 3rd Floor Office 302, 6015 Lamaca, Cyprus. Mercuria Energy Group Limited is controlled by MDJ Partnership registered in Guernsey which is the ultimate controlling party.


15.


Auditor's information

The auditor's report on the financial statements for the year ended 30 September 2024 was unqualified.

The audit report was signed on 13 February 2025 by Mark Attwood FCCA (Senior Statutory Auditor) on behalf of Kreston Reeves LLP.


Page 13