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REGISTERED NUMBER: 14742416 (England and Wales)















Financial Statements for the Year Ended 31 December 2024

for

Astronergy Solar (UK) Ltd.

Astronergy Solar (UK) Ltd. (Registered number: 14742416)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Astronergy Solar (UK) Ltd.

Company Information
for the Year Ended 31 December 2024







DIRECTOR: W Zhang





REGISTERED OFFICE: The St Botolph Building
138 Houndsditch
London
EC3A 7AR





REGISTERED NUMBER: 14742416 (England and Wales)





AUDITORS: Shinewing Wilson Accountancy Limited
Chartered Certified Accountants
and Statutory Auditors
9 St Clare Street
London
EC3N 1LQ

Astronergy Solar (UK) Ltd. (Registered number: 14742416)

Statement of Financial Position
31 December 2024

31.12.24 31.12.23
Notes £    £   
CURRENT ASSETS
Stocks 487,735 39,949
Debtors 4 2,669,339 1,276,321
Cash at bank 591,400 480,380
3,748,474 1,796,650
CREDITORS
Amounts falling due within one year 5 3,896,201 1,608,408
NET CURRENT (LIABILITIES)/ASSETS (147,727 ) 188,242
TOTAL ASSETS LESS CURRENT
LIABILITIES

(147,727

)

188,242

CAPITAL AND RESERVES
Called up share capital 100,000 100,000
Retained earnings (247,727 ) 88,242
SHAREHOLDERS' FUNDS (147,727 ) 188,242

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 director and authorised for issue on 30 May 2025 and were signed by:





W Zhang - Director


Astronergy Solar (UK) Ltd. (Registered number: 14742416)

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

1. STATUTORY INFORMATION

Astronergy Solar (UK) Ltd. 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Going concern
The company incurred a loss before tax of £363K (2023: profit before tax of £116K) and holds net liabilities of £148K (2023: net assets of £188K). The ultimate parent company has confirmed to financially support the Company for at least 18 months from the date of signing these financial statements. Based on this, the director has concluded that the Company has adequate resources to continue is operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

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

Sales of goods
The company sells solar modules in the Europe and UK market. Sales of goods are recognised on delivery to the customers.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Astronergy Solar (UK) Ltd. (Registered number: 14742416)

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

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' to all of its financial instruments.

Financial instruments are recognised 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 trade and other receivables 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 financial asset is measured at the present value of the future receipts discounted at a market rate of interest.

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.

Basic financial liabilities
Basic financial liabilities, including trade and other payables, and loans from group undertakings, 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.

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

Share capital
Financial instruments issued by the company are classified as equity only to the extent that they do not meet the definition of a financial liability or financial asset.

The company's ordinary shares are classified as equity instruments.

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 statement of financial position date.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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.

Interest income
Interest income is recognised using the effective interest rate method.

Astronergy Solar (UK) Ltd. (Registered number: 14742416)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 613,425 38,597
Amounts owed by group undertakings 1,955,914 1,137,724
Other debtors 100,000 100,000
2,669,339 1,276,321

Amounts owed by group undertakings are unsecured, interest free, have no fixed date of repayment and are repayable on demand.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Payments on account 384,783 655,982
Amounts owed to group undertakings 3,307,192 41,911
Taxation and social security 87,038 807,669
Other creditors 117,188 102,846
3,896,201 1,608,408

Amounts owed to group undertakings are unsecured, interest free, have no fixed date of repayment and are repayable on demand.

6. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Nijendra Dhungana FCCA (Senior Statutory Auditor)
for and on behalf of Shinewing Wilson Accountancy Limited

7. RELATED PARTY DISCLOSURES

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.

Astronergy Solar (UK) Ltd. (Registered number: 14742416)

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

8. ULTIMATE CONTROLLING PARTY

The immediate parent company is Astonergy New Energy Technology (Singapore) Pte. Ltd, a company registered in Singapore.

The ultimate parent company is Chint new Energy Technology Co., Ltd, a company registered in P.R. China.

The smallest and largest group to consolidate these financial statements is Chint new Energy Technology Co., Ltd. Copies of the consolidated financial statements can be obtained from the corporate address of the company at 1 Jisheng Road, Jianshan New District, Haining City, Zhejiang Province, the People's Republic of China.

There is no one ultimate controlling party.