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Registered number: 13127262
Terra Firma (Wingrave) Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2024
Valentis (UK) Ltd
ACCA
6-8 Great Eastern Street
London
EC2A 3NT
Terra Firma (Wingrave) Ltd
Contents
Contents

| Page
--- | ---
Balance Sheet | 1
Notes to the Financial Statements | 2—3

Page 1
Terra Firma (Wingrave) Ltd
Balance Sheet
As At 31 May 2024
Balance Sheet
Registered number: 13127262

| 2024 | 2023
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Investments | 4 |  | 794,866 |  | 794,866
|  |  | 794,866 |  | 794,866
CURRENT ASSETS
Debtors | 5 | 19,216,113 |  | 16,572,506 |
Cash at bank and in hand |  | 256 |  | 204,478 |
|  | 19,216,369 |  | 16,776,984 |
Creditors: Amounts Falling Due Within One Year | 6 | (76,785 ) |  | (6,000 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 19,139,584 |  | 16,770,984
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 19,934,450 |  | 17,565,850
Creditors: Amounts Falling Due After More Than One Year | 7 |  | (22,539,438 ) |  | (17,803,709 )
NET LIABILITIES |  |  | (2,604,988 ) |  | (237,859 )
CAPITAL AND RESERVES
Called up share capital | 9 |  | 100 |  | 100
Profit and Loss Account |  |  | (2,605,088 ) |  | (237,959 )
SHAREHOLDERS' FUNDS |  |  | (2,604,988) |  | (237,859)

For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board

Mr Richard Meakin Director
12/05/2025

The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Terra Firma (Wingrave) Ltd
Notes to the Financial Statements
For The Year Ended 31 May 2024
Notes to the Financial Statements
1. General Information
Terra Firma (Wingrave) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13127262 . The registered office is C/O Atticus Law Solicitors, Queens Chambers, Manchester, M2 6ET.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Investments

| Subsidiaries
--- | ---
| £
Cost
As at 1 June 2023 | 794,866
As at 31 May 2024 | 794,866
Provision
As at 1 June 2023 | -
As at 31 May 2024 | -
Net Book Value
As at 31 May 2024 | 794,866
As at 1 June 2023 | 794,866

Shares in Subsidiaries
The company holds 100% of the issued share capital in ARL 021 Limited (Company number: 11448072), a company incorporated in England and Wales.
The principal activity of the subsidiary is the development, construction, and operation of a gas peaking power plant located at Thistlebrook Farm, Tring Road, Wingrave.
The investment is stated at cost of £794,866 and is reviewed annually for impairment. No impairment has been recognised during the financial year.
5. Debtors

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Due within one year
Other debtors | - |  | 95,000
VAT | 1,200 |  | 2,857
| 1,200 |  | 97,857
Due after more than one year
Amounts owed by connected companies | 19,214,913 |  | 16,474,649
| 19,216,113 |  | 16,572,506

Amounts Owed from Connected Companies
At the balance sheet date, the company was owed a total of £19,214,913 (2023: £16,474,649) from connected companies. These balances are unsecured, interest-free, and repayable on demand.
Page 2
Page 3
Terra Firma (Wingrave) Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 May 2024
6. Creditors: Amounts Falling Due Within One Year

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Trade creditors | 70,785 |  | -
Accruals and deferred income | 6,000 |  | 6,000
| 76,785 |  | 6,000

7. Creditors: Amounts Falling Due After More Than One Year

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Other loans | 147,535 |  | 300,000
Loan notes | 21,261,436 |  | 17,492,601
Interest payable | 1,130,467 |  | 11,108
| 22,539,438 |  | 17,803,709

8. Secured Creditors
The company’s secured creditors include loan notes and other loans, which are secured by a floating charge over the company’s assets.

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Other Creditors | 21,408,971 |  | 17,792,601

9. Share Capital

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 100 |  | 100

10. Controlling Party
The immediate and ultimate controlling party is Terra Firma Energy Ltd, by virtue of its ownership of 75% of the issued share capital of the company.
Page 3