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REGISTERED NUMBER: 11775499 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Soleco Energy Limited

Soleco Energy Limited (Registered number: 11775499)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Soleco Energy Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: M Malatino
JP Maurand
M Nicholls
R Pitter
A Rainford
S West





REGISTERED OFFICE: Tintagel House
92 Albert Embankment
London
SE1 7TY





REGISTERED NUMBER: 11775499 (England and Wales)





ACCOUNTANTS: AGHS Accounting and Taxation Services Limited
14 Progress Business Centre
Whittle Parkway
Slough
Berkshire
SL1 6DQ

Soleco Energy Limited (Registered number: 11775499)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,366 -
Investments 5 211,772 261,309
215,138 261,309

CURRENT ASSETS
Debtors 6 992,292 347,537
Cash at bank 1,154,699 132,906
2,146,991 480,443
CREDITORS
Amounts falling due within one year 7 119,207 1,881,814
NET CURRENT ASSETS/(LIABILITIES) 2,027,784 (1,401,371 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,242,922

(1,140,062

)

CAPITAL AND RESERVES
Called up share capital 8 3,235 1,000
Share premium 9 4,532,378 -
Convertable Loan Notes 9 - 263,722
Retained earnings 9 (2,292,691 ) (1,404,784 )
SHAREHOLDERS' FUNDS 2,242,922 (1,140,062 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

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.

Soleco Energy Limited (Registered number: 11775499)

Balance Sheet - continued
31 December 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 May 2025 and were signed on its behalf by:





A Rainford - Director


Soleco Energy Limited (Registered number: 11775499)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Soleco Energy Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rate in order to write off each asset over its estimated useful life.

Office equipment - 25%

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 2 ) .

Soleco Energy Limited (Registered number: 11775499)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 January 2024 4,152
Additions 3,708
At 31 December 2024 7,860
DEPRECIATION
At 1 January 2024 4,152
Charge for year 342
At 31 December 2024 4,494
NET BOOK VALUE
At 31 December 2024 3,366
At 31 December 2023 -

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2024 261,309
Impairments (49,537 )
At 31 December 2024 211,772
NET BOOK VALUE
At 31 December 2024 211,772
At 31 December 2023 261,309

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Balance with related companies 23,340 261,257
Other debtors 968,952 86,280
992,292 347,537

Soleco Energy Limited (Registered number: 11775499)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts - 24,950
Trade creditors 4,674 9,644
Other creditors 114,533 1,847,220
119,207 1,881,814

8. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
3,235,259 Share capital 1 0.001 3,235 1,000

9. RESERVES
Convertable
Retained Share Loan
earnings premium Notes Totals
£    £    £    £   

At 1 January 2024 (1,404,784 ) - 263,722 (1,141,062 )
Deficit for the year (887,907 ) (887,907 )
Convertable loan notes - - (263,722 ) (263,722 )
Cash share issue - 4,532,378 - 4,532,378
At 31 December 2024 (2,292,691 ) 4,532,378 - 2,239,687