Terra Firma (Wingrave) Ltd

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

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.

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)

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.

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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.

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