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REGISTERED NUMBER: 14213711 (England and Wales)















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: Mr R V Dhanani
Mr D Fallara
Mr M R Oosterhaven
Mr R Ridolfi
Ms J M Spencer





Secretary: Vistra Cosec Limited





Registered office: Suite 1, 7th Floor
50 Broadway
London
SW1H 0BL





Registered number: 14213711 (England and Wales)





Auditors: Zome Audit Limited (Statutory Auditor)
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 4 789,999

CURRENT ASSETS
Debtors 5 2,017,757
Cash at bank 69,467
2,087,224
CREDITORS
Amounts falling due within one year 6 (594,339 )
NET CURRENT ASSETS 1,492,885
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,282,884

CAPITAL AND RESERVES
Called up share capital 2,243,797
Retained earnings 39,087
SHAREHOLDERS' FUNDS 2,282,884

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

In accordance with Section 444 of the Companies Act 2006, the Income statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 February 2025 and were signed on its behalf by:





Mr R Ridolfi - Director


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 private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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 789,999
At 31 December 2023 789,999
Net book value
At 31 December 2023 789,999

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£
Amounts owed by group undertakings 364,183
Other debtors 1,653,574
2,017,757

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£
Trade creditors 58
Taxation and social security 12,175
Other creditors 582,106
594,339

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the auditors was unqualified.

Roy Davis FCA (Senior Statutory Auditor)
for and on behalf of Zome Audit Limited (Statutory Auditor)

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.