Control Energy Costs Holdings Limited
Unaudited Financial Statements
For the year ended 31 December 2024
Pages for filing with Registrar
Company Registration No. 08420036 (England and Wales)
Control Energy Costs Holdings Limited
Company Information
Directors
P.J. Ager
C.T. Ellis
D.L. Oman
Company number
08420036
Registered office
Kingsgate
62 High Street
Redhill
Surrey
RH1 1SH
Accountants
Moore Kingston Smith LLP
Betchworth House
57-65 Station Road
Redhill
Surrey
RH1 1DL
Control Energy Costs Holdings Limited
Balance Sheet
As at 31 December 2024
Page 1
2024
2023
Notes
£
£
£
£
Fixed assets
Investments
4
1,600
1,600
Current assets
-
-
Creditors: amounts falling due within one year
5
(100)
(100)
Net current liabilities
(100)
(100)
Net assets
1,500
1,500
Capital and reserves
Called up share capital
6
1,500
1,500
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 25 February 2025 and are signed on its behalf by:
P.J. Ager
Director
Company Registration No. 08420036
Control Energy Costs Holdings Limited
Notes to the Financial Statements
For the year ended 31 December 2024
Page 2
1
Accounting policies
Company information
Control Energy Costs Holdings Limited is a private company limited by shares incorporated in England and Wales. The registered office is Kingsgate, 62 High Street, Redhill, Surrey, RH1 1SH.
1.1
Accounting convention
These financial statements have been prepared in accordance with Section 1A of FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Fixed asset investments
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
1.3
Financial instruments
The company only has financial instruments classified as basic and measured at amortised cost. The company has no financial instruments that are classified as 'other' or financial instruments measured at fair value.
1.4
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
1.5
The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.
2
Employees
The average monthly number of persons employed by the company during the year was: 0 (2023: 0).
Control Energy Costs Holdings Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2024
Page 3
3
Dividends
2024
2023
£
£
Interim paid
350,000
570,000
4
Fixed asset investments
2024
2023
£
£
Shares in group undertakings and participating interests
1,600
1,600
5
Creditors: amounts falling due within one year
2024
2023
£
£
Amounts owed to group undertakings
100
100
6
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
'A' Ordinary Shares of £1 each
1,000
1,000
1,000
1,000
'B' Ordinary Shares of £1 each
500
500
500
500
1,500
1,500
1,500
1,500
Both the 'A' Ordinary Shares and the 'B' Ordinary Shares have equal rights to dividends and the right to further participation in profits.
On winding up, all classes of share rank in equal priority in respect of dividends, capital and to participation in the assets.
Both classes enjoy equal voting rights.
7
Financial commitments, guarantees and contingent liabilities
The company has provided security under a guarantee for loan notes of £228,166 (2023: £326,180) issued by AEO Associates Limited, the parent company. The loan notes are interest free and secured by a debenture charge over the assets of Control Energy Costs Holdings Limited and Control Energy Costs Limited.
Control Energy Costs Holdings Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2024
Page 4
8
Related party transactions
During the year, the company received dividends of £350,000 (2023: £570,000) from Control Energy Costs Limited, a wholly owned subsidiary company.
During the year, the company paid dividends of £350,000 (2023: £570,000) to AEO Associates Limited, the parent company.
9
Parent company
The ultimate controlling party is AEO Associates Limited, a company registered in England and Wales, by virtue of its shareholding.
No one party control the group.