Acorah Software Products - Accounts Production 16.3.350 false true 31 July 2023 1 August 2022 false 1 August 2023 31 May 2024 31 May 2024 12086296 Mr Richard Meakin Mr William Alan Davies Terra Firma (Droitwich) Ltd true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12086296 2023-07-31 12086296 2024-05-31 12086296 2023-08-01 2024-05-31 12086296 frs-core:CurrentFinancialInstruments 2024-05-31 12086296 frs-core:Non-currentFinancialInstruments 2024-05-31 12086296 frs-core:ComputerEquipment 2024-05-31 12086296 frs-core:ComputerEquipment 2023-08-01 2024-05-31 12086296 frs-core:ComputerEquipment 2023-07-31 12086296 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-08-01 2024-05-31 12086296 frs-core:FurnitureFittings 2024-05-31 12086296 frs-core:FurnitureFittings 2023-08-01 2024-05-31 12086296 frs-core:FurnitureFittings 2023-07-31 12086296 frs-core:OtherResidualIntangibleAssets 2024-05-31 12086296 frs-core:OtherResidualIntangibleAssets 2023-08-01 2024-05-31 12086296 frs-core:OtherResidualIntangibleAssets 2023-07-31 12086296 frs-core:PlantMachinery 2024-05-31 12086296 frs-core:PlantMachinery 2023-08-01 2024-05-31 12086296 frs-core:PlantMachinery 2023-07-31 12086296 frs-core:ShareCapital 2024-05-31 12086296 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 12086296 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-05-31 12086296 frs-bus:FilletedAccounts 2023-08-01 2024-05-31 12086296 frs-bus:SmallEntities 2023-08-01 2024-05-31 12086296 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-05-31 12086296 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-05-31 12086296 1 2023-08-01 2024-05-31 12086296 frs-bus:Director1 2023-08-01 2024-05-31 12086296 frs-bus:Director2 2023-08-01 2024-05-31 12086296 frs-countries:EnglandWales 2023-08-01 2024-05-31 12086296 2022-07-31 12086296 2023-07-31 12086296 2022-08-01 2023-07-31 12086296 frs-core:CurrentFinancialInstruments 2023-07-31 12086296 frs-core:Non-currentFinancialInstruments 2023-07-31 12086296 frs-core:ShareCapital 2023-07-31 12086296 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 12086296
Droitwich Peak Energy Limited
Financial Statements
For the Period 1 August 2023 to 31 May 2024
Valentis (UK) Ltd
ACCA
6-8 Great Eastern Street
London
EC2A 3NT
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12086296
31 May 2024 31 July 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 4,534 -
Tangible Assets 5 853,993 -
858,527 -
CURRENT ASSETS
Debtors 6 167,243 1,000
Cash at bank and in hand 1 -
167,244 1,000
Creditors: Amounts Falling Due Within One Year 7 (146,115 ) -
NET CURRENT ASSETS (LIABILITIES) 21,129 1,000
TOTAL ASSETS LESS CURRENT LIABILITIES 879,656 1,000
Creditors: Amounts Falling Due After More Than One Year 8 (896,975 ) -
NET (LIABILITIES)/ASSETS (17,319 ) 1,000
CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Profit and Loss Account (18,319 ) -
SHAREHOLDERS' FUNDS (17,319) 1,000
Page 1
Page 2
For the period 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
19/05/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Droitwich Peak Energy Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12086296 . The registered office is C/O Terra Firma Energy Limited, Causeway House, 13, The Causeway, Teddington, United Kingdom, TW11 0JR.
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.
2.2. Intangible Fixed Assets and Amortisation - Other Intangible
Intangible fixed assets are stated at cost less accumulated amortisation and any impairment losses. Amortisation is charged to the profit and loss account on a systematic basis over the estimated useful life of each asset, reflecting the pattern in which the asset’s economic benefits are consumed.
The company’s intangible assets include:
Licences and Agreements: These relate to permits or licences issued for the setup of the gas peaking plant. These are amortised on a straight-line basis over the life of the licence or the lease, whichever is shorter.
Amortisation policies and useful lives are reviewed annually and adjusted if necessary.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less any accumulated depreciation and impairment losses. Cost includes the purchase price and any directly attributable costs required to bring the asset into working condition for its intended use.
No depreciation has been applied to the site or related equipment during the financial year, as the site remained under construction at the balance sheet date. Depreciation has been charged on office equipment, which is not dependent on the operational status of the site. Once the site becomes fully operational, the directors will adopt a depreciation policy and valuation basis that appropriately reflects the nature, usage, and expected useful life of each asset class.
Depreciation is applied as follows:
Plant & Machinery Depreciation to commence upon site completion
Site Costs (Under Construction) Depreciation to commence upon site completion
Office Equipment 20% - Straight Line
3. Average Number of Employees
Average number of employees, including directors, during the period was: 2 (2023: 1)
2 1
4. Intangible Assets
Licences and Agreements
£
Cost
As at 1 August 2023 -
Additions 5,038
As at 31 May 2024 5,038
Amortisation
As at 1 August 2023 -
Provided during the period 504
As at 31 May 2024 504
Net Book Value
As at 31 May 2024 4,534
As at 1 August 2023 -
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5. Tangible Assets
Plant & Machinery Site Costs (Under Construction) Office Equipment Total
£ £ £ £
Cost
As at 1 August 2023 - - - -
Additions 339,248 514,228 564 854,040
As at 31 May 2024 339,248 514,228 564 854,040
Depreciation
As at 1 August 2023 - - - -
Provided during the period - - 47 47
As at 31 May 2024 - - 47 47
Net Book Value
As at 31 May 2024 339,248 514,228 517 853,993
As at 1 August 2023 - - - -
Site Status
As at the balance sheet date, the site was under construction. It was subsequently completed and became fully operational in the following financial year.
6. Debtors
31 May 2024 31 July 2023
£ £
Due within one year
Prepayments and accrued income 33,059 -
VAT 134,184 -
Called up share capital not paid - 1,000
167,243 1,000
7. Creditors: Amounts Falling Due Within One Year
31 May 2024 31 July 2023
£ £
Trade creditors 143,615 -
Accruals and deferred income 2,500 -
146,115 -
8. Creditors: Amounts Falling Due After More Than One Year
31 May 2024 31 July 2023
£ £
Amounts owed to connected companies 896,975 -
Amounts Owed to Connected Companies
At the balance sheet date, the company owed £896,975 (2023: £nil) to connected companies. These balances are unsecured, interest-free, and repayable on demand.
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9. Share Capital
31 May 2024 31 July 2023
£ £
Called Up Share Capital not Paid - 1,000
Called Up Share Capital has been paid up 1,000 -
Amount of Allotted, Called Up Share Capital 1,000 1,000
10. Ultimate Controlling Party
The company’s immediate controlling party is Terra Firma (Droitwich) Ltd, by virtue of its ownership of 100% of the issued share capital.
The company’s ultimate controlling party is Terra Firma Energy Ltd, which holds a majority interest in Terra Firma (Droitwich) Ltd.
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