REGISTERED NUMBER: |
REPORT OF THE DIRECTORS AND |
UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD 10 JULY 2023 TO 31 DECEMBER 2024 |
FOR |
BRACO ENERGY STORAGE HOLDING LIMITED |
REGISTERED NUMBER: |
REPORT OF THE DIRECTORS AND |
UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD 10 JULY 2023 TO 31 DECEMBER 2024 |
FOR |
BRACO ENERGY STORAGE HOLDING LIMITED |
BRACO ENERGY STORAGE HOLDING LIMITED (REGISTERED NUMBER: 14992298) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 10 JULY 2023 TO 31 DECEMBER 2024 |
Page |
Company Information | 1 |
Report of the Directors | 2 |
Income Statement | 3 |
Balance Sheet | 4 |
Notes to the Financial Statements | 6 |
BRACO ENERGY STORAGE HOLDING LIMITED |
COMPANY INFORMATION |
FOR THE PERIOD 10 JULY 2023 TO 31 DECEMBER 2024 |
Directors: |
Registered office: |
Registered number: |
BRACO ENERGY STORAGE HOLDING LIMITED (REGISTERED NUMBER: 14992298) |
REPORT OF THE DIRECTORS |
FOR THE PERIOD 10 JULY 2023 TO 31 DECEMBER 2024 |
The directors present their report with the financial statements of the company for the period 10 July 2023 to 31 December 2024. |
Incorporation |
The company was incorporated on 10 July 2023 . |
Principal activity |
The principal activity of the company in the year under review was that of a holding company. |
Directors |
The directors who have held office during the period from 10 July 2023 to the date of this report are as follows: |
This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies. |
On behalf of the board: |
BRACO ENERGY STORAGE HOLDING LIMITED (REGISTERED NUMBER: 14992298) |
INCOME STATEMENT |
FOR THE PERIOD 10 JULY 2023 TO 31 DECEMBER 2024 |
£ |
Turnover |
Administrative expenses | ( |
) |
Operating loss | ( |
) |
Interest receivable and similar income |
161,265 |
Interest payable and similar expenses | ( |
) |
Loss before taxation | ( |
) |
Tax on loss |
Loss for the financial period | ( |
) |
BRACO ENERGY STORAGE HOLDING LIMITED (REGISTERED NUMBER: 14992298) |
BALANCE SHEET |
31 DECEMBER 2024 |
Notes | £ |
Fixed assets |
Investments | 3 |
Current assets |
Debtors | 4 |
Creditors |
Amounts falling due within one year | 5 | ( |
) |
Net current liabilities | ( |
) |
Total assets less current liabilities |
Creditors |
Amounts falling due after more than one year | 6 | ( |
) |
Net assets |
Capital and reserves |
Called up share capital |
Share premium |
Retained earnings | ( |
) |
The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
BRACO ENERGY STORAGE HOLDING LIMITED (REGISTERED NUMBER: 14992298) |
BALANCE SHEET - continued |
31 DECEMBER 2024 |
The financial statements were approved by the Board of Directors and authorised for issue on |
BRACO ENERGY STORAGE HOLDING LIMITED (REGISTERED NUMBER: 14992298) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 10 JULY 2023 TO 31 DECEMBER 2024 |
1. | Statutory information |
Braco Energy Storage Holding Limited is a |
2. | Accounting policies |
Basis of preparing the financial statements |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
3. | Fixed asset investments |
£ |
Shares in group undertakings |
Loans to group undertakings |
Additional information is as follows: |
Shares in |
group |
undertakings |
£ |
Cost |
Additions |
At 31 December 2024 |
Net book value |
At 31 December 2024 |
Loans to |
group |
undertakings |
£ |
New in year |
At 31 December 2024 |
4. | Debtors: amounts falling due within one year |
£ |
Other debtors |
Interest receivable | 167,509 |
BRACO ENERGY STORAGE HOLDING LIMITED (REGISTERED NUMBER: 14992298) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 10 JULY 2023 TO 31 DECEMBER 2024 |
5. | Creditors: amounts falling due within one year |
£ |
Interest payable | 786,161 |
Accruals and deferred income |
6. | Creditors: amounts falling due after more than one year |
£ |
Other loans more 5yrs instal |
Amounts falling due in more than five years: |
Repayable by instalments |
Other loans more 5yrs instal | 7,247,448 |
7. | Related party disclosures |
At 31 December 2024, Braco Energy Storage Holding Limited was a fully owned subsidiary of Foresight Energy Infrastructure Partners 1 S.À R.L, a company resident in Luxembourg. |
A shareholder loan of £7,247,448 was owed to Foresight Energy Infrastructure Partners 1 S.À R.L. There is interest outstanding on the loan provided of £786,161at the end of the period, this balance is included in the interest payable balance within creditors due within a year. Interest of £786,161 was incurred in the period on the loan provided. |
At 31 December 2024, Braco Energy Storage Holding Limited owned 100% of the share capital of Braco Energy Storage Limited. |
A shareholder loan of £1,815,106 was owed from Braco Energy Storage Limited. There is interest outstanding on the loan provided of £167,509 at the end of the period, this balance is included in the interest receivable balance within debtors due within a year. Interest of £167,509 was incurred in the period on the loan provided. |