REGISTERED NUMBER: |
FINANCIAL STATEMENTS FOR THE PERIOD 4 JULY 2022 TO 31 DECEMBER 2023 |
FOR |
EQUATORIAL POWER HOLDINGS UK LIMITED |
REGISTERED NUMBER: |
FINANCIAL STATEMENTS FOR THE PERIOD 4 JULY 2022 TO 31 DECEMBER 2023 |
FOR |
EQUATORIAL POWER HOLDINGS UK LIMITED |
EQUATORIAL POWER HOLDINGS UK LIMITED (REGISTERED NUMBER: 14213711) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 4 JULY 2022 TO 31 DECEMBER 2023 |
Page |
Company information | 1 |
Balance sheet | 2 |
Notes to the financial statements | 3 |
EQUATORIAL POWER HOLDINGS UK LIMITED |
COMPANY INFORMATION |
FOR THE PERIOD 4 JULY 2022 TO 31 DECEMBER 2023 |
Directors: |
Secretary: |
Registered office: |
Registered number: |
Auditors: |
5th Floor |
111 Charterhouse Street |
London |
EC1M 6AW |
EQUATORIAL POWER HOLDINGS UK LIMITED (REGISTERED NUMBER: 14213711) |
BALANCE SHEET |
31 DECEMBER 2023 |
Notes | £ |
FIXED ASSETS |
Investments | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
The financial statements were approved by the Board of Directors and authorised for issue on |
EQUATORIAL POWER HOLDINGS UK LIMITED (REGISTERED NUMBER: 14213711) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 4 JULY 2022 TO 31 DECEMBER 2023 |
1. | STATUTORY INFORMATION |
Equatorial Power Holdings UK Limited is a |
The company’s functional and presentational currency is pounds sterling (GBP) and the financial statements have been rounded to the nearest pound (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Preparation of consolidated financial statements |
The financial statements contain information about Equatorial Power Holdings UK Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. |
Investments in subsidiaries |
Interests in subsidiaries 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. |
Financial instruments |
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS102 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. |
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. |
Classification of financial liabilities |
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. |
Basic financial liabilities |
Basic financial liabilities, including creditors, and loans from fellow group companies are initially recognised at transaction price. |
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are initially recognised at transaction price. |
Taxation |
Taxation for the period 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. |
Research and development |
Expenditure on research and development is written off in the year in which it is incurred. |
Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
EQUATORIAL POWER HOLDINGS UK LIMITED (REGISTERED NUMBER: 14213711) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 4 JULY 2022 TO 31 DECEMBER 2023 |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was NIL. |
4. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
Cost |
Additions |
At 31 December 2023 |
Net book value |
At 31 December 2023 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Amounts owed by group undertakings |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade creditors |
Taxation and social security |
Other creditors |
7. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the auditors was unqualified. |
for and on behalf of |
8. | RELATED PARTY DISCLOSURES |
At the balance sheet date, the following amounts are included within debtors: |
£108,109 amount owed by EP Assetco DRC SAS |
£256,074 amount owed by Equatorial Power BV |
The amount owed by intercompany at year end is £364,183. |
9. | ULTIMATE CONTROLLING PARTY |
The ultimate controlling party and immediate parent is considered to be InfraCo Africa Limited, a parent company incorporated and registered under company number 05196897 at 6 Bevis Marks, 10th Floor, London, England, EC3A 7BA. |