| REGISTERED NUMBER: |
| FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| FOR |
| A SHADE GREENER LIMITED |
| REGISTERED NUMBER: |
| FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| FOR |
| A SHADE GREENER LIMITED |
| A SHADE GREENER LIMITED (REGISTERED NUMBER: 06922318) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the Year Ended 30 September 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| A SHADE GREENER LIMITED |
| COMPANY INFORMATION |
| for the Year Ended 30 September 2024 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| SENIOR STATUTORY AUDITOR: |
| AUDITORS: |
| Chartered Accountants & Statutory Auditors |
| 2 Westbrook Court |
| Sharrow Vale Road |
| Sheffield |
| S11 8YZ |
| A SHADE GREENER LIMITED (REGISTERED NUMBER: 06922318) |
| BALANCE SHEET |
| 30 September 2024 |
| 30.9.24 | 30.9.23 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 5 |
| Tangible assets | 6 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 7 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 8 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 9 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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 |
| A SHADE GREENER LIMITED (REGISTERED NUMBER: 06922318) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the Year Ended 30 September 2024 |
| 1. | STATUTORY INFORMATION |
| A Shade Greener Limited is a |
| 2. | STATEMENT OF COMPLIANCE |
| 3. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The financial statements have been prepared on the historical cost basis. |
| The financial statements are prepared in sterling, which is the functional currency of the entity. |
| Judgements and key sources of estimation uncertainty |
| The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Accounting estimates and assumptions are made concerning the future and, by nature, will rarely equal the related actual outcome. |
| In the opinion of management, there are no judgements or key sources of estimation uncertainty that have a significant impact on the financial statements, other than those stated below. |
| Turnover & income recognition |
| Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Turnover includes amounts generated from feed in tariff ('FIT') on electricity produced by solar panels and renewable heat incentive ('RHI') on biomass boilers in work in progress. |
| Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefit will flow to the entity; and the costs incurred or to be incurred in respect of the transaction can be measured reliably. |
| Interest income, included in turnover, is recorded as it accrues using the interest rates per the agreements. |
| Tangible fixed assets |
| Improvements to let property | - |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Computer equipment | - |
| Stocks and work in progress |
| Work in progress in respect of solar and biomass systems is recorded at cost of installations fitted and is being written down in line with the associated tariff lengths. |
| Work in progress in respect of building projects is recorded at the lower of cost and net realisable value. Net realisable value represents the estimated selling price. |
| A SHADE GREENER LIMITED (REGISTERED NUMBER: 06922318) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 30 September 2024 |
| 3. | ACCOUNTING POLICIES - continued |
| 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. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
| Development costs |
| Amortisation is provided on development costs in order to write these off over the estimated useful life of 10 years. |
| Lease commitments |
| Rentals paid under operating leases are charged to the profit or loss on straight line basis over the period of the lease. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
| Consolidation |
| All of the company's subsidiaries have been excluded from consolidation as their inclusion in aggregate would not be material. The financial statements present information about the company as an individual undertaking. |
| Financial instruments |
| Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. |
| The company's principal financial instruments comprise bank balances, trade debtors and trade creditors. The main purpose of these instruments is to raise funds and to finance the company's operations. Due to the nature of the financial instruments used by the company there is no significant exposure to price risk, credit risk, liquidity risk or cash flow risk. |
| 4. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| A SHADE GREENER LIMITED (REGISTERED NUMBER: 06922318) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 30 September 2024 |
| 5. | INTANGIBLE FIXED ASSETS |
| Other |
| intangible |
| assets |
| £ |
| COST |
| At 1 October 2023 |
| and 30 September 2024 |
| AMORTISATION |
| At 1 October 2023 |
| and 30 September 2024 |
| NET BOOK VALUE |
| At 30 September 2024 |
| At 30 September 2023 |
| Development costs are capitalised so as to match the expenditure with the future revenues of the project. |
| 6. | TANGIBLE FIXED ASSETS |
| Plant and |
| Land and | machinery |
| buildings | etc | Totals |
| £ | £ | £ |
| COST |
| At 1 October 2023 |
| Additions |
| At 30 September 2024 |
| DEPRECIATION |
| At 1 October 2023 |
| Charge for year |
| At 30 September 2024 |
| NET BOOK VALUE |
| At 30 September 2024 |
| At 30 September 2023 |
| A SHADE GREENER LIMITED (REGISTERED NUMBER: 06922318) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 30 September 2024 |
| 7. | DEBTORS |
| 30.9.24 | 30.9.23 |
| £ | £ |
| Amounts falling due within one year: |
| Trade debtors | 1,475,242 | 1,464,988 |
| Amounts owed by group undertakings | 3,091,739 | 3,308,121 |
| Other debtors | 158,671 | 42,894 |
| 4,725,652 | 4,816,003 |
| Amounts falling due after more than one year: |
| Loans to group undertakings | 55,110,750 | 57,439,750 |
| Aggregate amounts | 59,836,402 | 62,255,753 |
| Loans to group undertakings include £43.3m due from A Shade Greener Finance Ltd and £14.14m due from MBO Partner 1 Ltd with final repayments being 30.1.28 and 31.12.28 respectively. The amount due from MBO Partner 1 Ltd after more than one year is £11.81m. |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.9.24 | 30.9.23 |
| £ | £ |
| Trade creditors | 46,261 | 84,823 |
| Taxation and social security | 474,265 | 338,167 |
| Directors loan | 10,981,284 | 12,172,492 |
| Related party balances | 24,988 | 160,155 |
| Bank loan | 2,719,309 | 3,333,097 |
| Other creditors | 241,715 | 271,927 |
| 14,487,822 | 16,360,661 |
| 9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 30.9.24 | 30.9.23 |
| £ | £ |
| Bank loan | 37,664,199 | 40,383,507 |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Bank loan | - | - |
| A SHADE GREENER LIMITED (REGISTERED NUMBER: 06922318) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 30 September 2024 |
| 10. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 30.9.24 | 30.9.23 |
| £ | £ |
| Directors' current accounts | 10,981,284 | 12,172,492 |
| Loans | 40,383,508 | 43,716,604 |
| The current account of S J Davies is secured by a debenture dated 5 April 2013 over the assets of the company. |
| Loans are secured by a debenture dated 30 January 2023 over the assets of the company. |
| 11. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
| The Report of the Auditor, dated 27 March 2025, was unqualified. |
| Andrew Throssell FCA (Senior Statutory Auditor) |
| For and on behalf of Hebblethwaites |
| A SHADE GREENER LIMITED (REGISTERED NUMBER: 06922318) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 30 September 2024 |
| 12. | RELATED PARTY DISCLOSURES |
| A Shade Greener Maintenance Ltd |
| S J Davies is a shareholder |
| During the year the company undertook the following transactions on normal commercial terms with A Shade Greener Maintenance Limited |
| 30.9.24 | 30.9.23 |
| £ | £ |
| Sales | 596,086 | 540,818 |
| Cost of sales | 281,907 | 281,907 |
| 30.9.24 | 30.9.23 |
| £ | £ |
| Amount due from/(to) related party at balance sheet date | (22,790) | (160,155) |
| A Shade Greener (Boilers) LLP |
| S J Davies is a member of the LLP |
| During the year the company made sales to A Shade Greener (Boilers) LLP on normal commercial terms of £135,644 (2023 £125,073). |
| A Shade Greener Home Services Ltd |
| S J Davies is a shareholder |
| 30.9.24 | 30.9.23 |
| £ | £ |
| Amount due from/(to) related party at balance sheet date | 86,580 | 86,580 |
| A Shade Greener Finance Ltd |
| S J Davies is a shareholder |
| During the year the company made sales to A Shade Greener Finance Ltd on normal commercial terms of £2,758,549 (2023 £2,102,492). |
| 30.9.24 | 30.9.23 |
| £ | £ |
| Amount due from/(to) related party at balance sheet date | 360,092 | 697,753 |
| 13. | ULTIMATE CONTROLLING PARTY |
| The ultimate controlling party is |