Company registration number 14362952 (England and Wales)
EBIS GB HOLDINGS LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
EBIS GB HOLDINGS LIMITED
CONTENTS
Page
Director's report
1 - 2
Balance sheet
3
Notes to the financial statements
4 - 6
EBIS GB HOLDINGS LIMITED
DIRECTOR'S REPORT
FOR THE YEAR ENDED 31 MARCH 2024
- 1 -

The director presents his annual report and financial statements for the year ended 31 March 2024.

Directors Report

The Company’s principal activity is the development, funding, and installation of renewables, with a focus on solar PV with battery in UK domestic social housing and local authority buildings.

 

The Company was set up to develop an innovative solution creating VPPs (virtual power plants) with solar and battery storage to provide social housing tenants with significant savings of 20% or more on their bill for electricity usage. The property owner, the Social housing group, does not have to invest any of their limited funds on solar with battery. The scheme adapts with increased battery size when heat pumps are installed to help ensure heat pump once installed saves money for the Tenant compared to a gas boiler. The installation of solar along with our own bespoke large battery and Energy Management System allows us to improve electricity efficiency as well as participate into the National Grid balancing mechanism helping to protect the grid directly at the local level. In addition to the substantial financial savings for customers there will be a large improvement in the property EPC rating overnight which will assist the Social Housing Group with achieving their net zero compliance objectives. The “free” capital expenditure proposal is important for councils and social housing property owners as many don’t have the budgets or funds available themselves or from the central government to invest in substantial carbon reduction and renewables.

 

The Company has developed close relationships with significant well known global businesses to enable access to the latest technology including manufacturing supply, energy performance management and renewables installation capacity. This is in addition to the creation and development internally of certain own technology along with specialist business modelling to support the Company objectives.

 

The sole Director for the year to 31 March 2024 was Douglas McKinnon-Snell. No additional Directors have been appointed at this date. The invested capital for the year was £73,691, (2023 - £26,833) and the Director(s) do not recommend the payment of a dividend, as this is invested in process and know how to allow the company to grow and deliver and deploy at global scale.

 

The director and founding shareholders consider they have invested considerable time and expertise and Intellectual property and blue-chip relationships, which in the founder’s opinion equates to building a very significant intangible asset value that is yet to be realised in shareholder value.

 

For the year ending 31 March 2024 the Company was entitled to exemption 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 Director acknowledges his responsibility for complying with the companies act 2006 with respect to accounting records and the preparation of accounts.

 

The accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to the Company subject to the small companies regime.

 

Director

The director who held office during the year and up to the date of signature of the financial statements was as follows:

Mr D McKinnon-Snell
Small companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

EBIS GB HOLDINGS LIMITED
DIRECTOR'S REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 2 -
On behalf of the board
Mr D McKinnon-Snell
Director
27 May 2025
EBIS GB HOLDINGS LIMITED
BALANCE SHEET
AS AT 31 MARCH 2024
31 March 2024
- 3 -
2024
2023
Notes
£
£
£
£
Current assets
Debtors
4
49,427
26,833
Creditors: amounts falling due within one year
5
(72,187)
(19,833)
Net current (liabilities)/assets
(22,760)
7,000
Capital and reserves
Called up share capital
7,000
7,000
Profit and loss reserves
(29,760)
-
0
Total equity
(22,760)
7,000

For the financial year ended 31 March 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 of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 27 May 2025
Mr D McKinnon-Snell
Director
Company registration number 14362952 (England and Wales)
EBIS GB HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 4 -
1
Accounting policies
Company information

EBIS GB Holdings Limited is a private company limited by shares incorporated in England and Wales. The registered office is 73 Cornhill, London, EC3V 3QQ.

1.1
Reporting period

The company was incorporated on 20 September 2022 and is preparing its first set of financial statements for the period to 31 March 2023.

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.3
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.4
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 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.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

EBIS GB HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 5 -
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

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 recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.5
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.6
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
-
0
-
0
EBIS GB HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 6 -
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
50
-
0
Other debtors
49,377
26,833
49,427
26,833
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
18
-
0
Trade creditors
2,378
-
0
Other creditors
69,791
19,833
72,187
19,833
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