Registered number: 07355222
Juwi Renewable Energies Limited
Unaudited Financial Statements.
For the year ended 30 September 2024
Juwi Renewable Energies Limited
Page
Contents
1
Company Information
2
Strategic Report
3
Director's Report
5
Audit Exemption statement
6
Statement of Comprehensive Income
7
Statement of Financial Position
Statement of Changes in Equity
8
Notes to the Financial Statements
9
Juwi Renewable Energies Limited
Company Information
Director
S G Hansen
Registered number
07355222
Registered office
Juwi Renewable Energies Limited
c/o Watson Farley & Williams LLP
15 Appold Street
London,
England
EC2A 2HB
Bankers
HSBC Plc
130 New Street
Birmingham
B2 4JU
1
Juwi Renewable Energies Limited
Strategic Report
for the year ended 30 September 2024
The director presents his Strategic Report for Juwi Renewable Energies Limited (the “company”) for the year ended 30 September 2024.
Principal activities and Business review
The principal activity of the company was the development of free-field and roof top solar installations within the UK. As the company has now made the decision to wind down the operations in the UK, there is no operating income.
For the financial year 30 September 2024, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The results of the company show a profit before taxation of £13,787 (2023: Profit of £6,245) for the year. Turnover was nil (2023: £nil). Provisions of £35,316 (2023: £41,243) have been recognised to reflect the Project Management Cost for the remaining project.
The company has cash reserves of £9,432 (2023: £23,247). The company has net liabilities of £1,2641,670 (2023: net liabilities of £1,245,457). The company reported a foreign exchange profit in the financial year of £43,884, (2023: loss of £3,919), as in previous years any gains / losses have been included with administrative expenses.
The company continues to be heavily reliant on its German parent organisation Juwi GMBH to provide ongoing support to fund the final works needed to issue the completion certificate for the remaining project. Additional borrowing of £15,000 was received from Juwi GMBH in the financial year. The total loan outstanding is £105,000.
Due to the company expected to be dissolved the director does not believe there are any key performance indicators to be disclosed.
Future Developments
The company will be liquidated before the end of 30th September 2025.
At the date of signing the financial statements the outstanding obligation is in relates to the legal claim against one of the suppliers. A court date for this hearing is still to be confirmed.
Principal Risks and Uncertainties
The company continues to pursue a legal claim against one of its suppliers for faulty equipment installed on one of the projects. The company is still confident that the outcome will be positive but at this stage cannot estimate the compensation that will be awarded so no provision has been made for this in the financial statements.
Exchange Rate Risk – the majority of the transactions on the Trade Creditors list have been invoiced in euros and are revalued at the month end closing rate.
Additional borrowing from Juwi GMBH is forecasted to be required in order to liquidate the company in September 25.
This report was approved on behalf of the board on 16 June 2025 and signed on its behalf.
S G Hansen
Director
16th June 2025
2
Juwi Renewable Energies Limited
Director's Report
for the year ended 30 September 2024
The director presents his annual report and the unaudited financial statements of Juwi Renewable Energies
Limited (the “company”) for the year ended 30 September 2024.
Future Developments
The company's future developments are discussed in the Strategic Report on page 2.
Basis of Preparation
The financial statements have been prepared on a basis other than going concern as the management intend to liquidate the company once all contractual obligations have been finalised. The financial statements continue to be prepared on a basis other than going concern as described in note 2.1 to the financial statements.
No adjustments were necessary in these financial statements to reduce assets to their realisable values, to provide for liabilities arising from the decision or to reclassify fixed assets and long-term liabilities to current assets and liabilities.
Results and dividends
The profit for the financial year amounted to £13,787. (2023: profit of £6,245). The director does not recommend the payment of a dividend (2023: £nil).
Director
The director who served during the financial year and up to the date of signing the financial statements was:

S G Hansen
Financial Risk Management
Credit risk
The company's financial assets are cash, bank balances.
Liquidity risk
Liquidity is managed in close connection with the liquidity surpluses and liquidity needs of the Group companies. The company had to borrow from the Group funds to manage its liquidity risk. The company does not use any derivative financial instruments.
The director is responsible for preparing the Annual Report and the financial statements in accordance with applicable law and regulation.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has prepared the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards, comprising FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland”, and applicable law).
Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the affairs of the company and of the profit or loss of the company for that period.
3
Juwi Renewable Energies Limited
Director's Report (continued)
for the year ended 30 September 2024
Statement of director's responsibilities in respect of the financial statements
In preparing the financial statements, the director is required to:
select suitable accounting policies and then apply them consistently.
state whether applicable United Kingdom Accounting Standards, comprising FRS 102, have been followed, subject to any material departures disclosed and explained in the financial statements.
make judgements and accounting estimates that are reasonable and prudent; and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The director is responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The director is also responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006.
Director's confirmations
In the case of each director in office at the date the Director's Report is approved:
they have taken all the steps that they ought to have taken as a director in to make themselves aware of any relevant information.
This report was amended on behalf of the board on 16th June 2025 and signed on its behalf by:
S G Hansen
Director
16th June 2025
16 June 2025
4
Juwi Renewable Energies Limited
Audit exemption statement
for the year ended 30 September 2024
For the year ending 30 September 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 accounts for the year in question in accordance with section 476.
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 in accordance with the provisions applicable to companies subject to the small companies' regime.
5
Juwi Renewable Energies Limited
Statement of Comprehensive Income For the year ended 30 September 2024
Year Ending 30.9.23
Year Ending 30.9.24
£
£
Turnover
-
-
4
Cost of sales
-
0
-
0
Gross Profit / (Loss)
-
-
Unrealised Foreign Exchange Gain
43,883
-
0
5
(30,096)
Administrative expenses
6,245
6,245
Operating Profit / (Loss)
13,787
Profit / (Loss) before taxation
6,245
13,787
-
0
-
0
7
Tax on Profit / (Loss)
Profit / (Loss) for the financial year
13,787
6,245
There was no activity during the Financial Year as the Company is still waiting for a date for the course case against a supplier. The company will cease trading from 30th September 2025. Any outstanding commitments relating to the Court case will transfer to the parent company.
The notes on pages 9 to 17 form part of these financial statements.
6
Juwi Renewable Energies Limited
Statement of Financial Position As at 30 September 2024
Note
30.9.24
30.9.23
Current assets
£
£
Debtors
8
45,507
44,646
Cash at bank and in hand
9,432
23,247
54,939
67,893
Creditors: amounts falling due within one year
9
(1,286,603)
(1,309,942)
(33,408)
Provisions for liabilities
11
(30,006)
Net current liabilities
(1,275,457)
(1,261,670)
Net Liabilities
(1,275,457)
(1,261,670)
Capital and reserves
17,886,251
12
17,886,251
Called up share capital
(19,161,708)
Profit and loss account
(19,147,921)
(1,275,457)
Total Equity
(1,261,670)
The financial statements on pages 6 to 17 were approved and authorised for issue by the board and were signed on its behalf on
11th June 2025
11 June 2025
S G Hansen
Director
Registered Number: 07355222
7
Juwi Renewable Energies Limited
Statement of Changes in Equity
For the year ended 30 September 2024
Profit and loss account
Called up
share capital
Total
£
£
£
At 1 October 2022
17,886,251
(19,167,953)
(1,281,702)
Profit for the year
-
6,245
6,245
Total comprehensive expense
-
6,245
6,245
At 30 September 2023
17,886,251
(19,161,708)
(1,275,457)
At 1 October 2023
17,886,251
(19,161,708)
(1,275,457)
Profit for the year
-
13,787
13,787
Total comprehensive expense
-
13,787
13,787
At 30 September 2024
17,886,251
(19,147,921)
(1,261,670)
8
Juwi Renewable Energies Limited
Notes to the Financial Statements
For the year ended 30 September 2024
1.
General information
The principal activity of Juwi Renewable Energies Limited (the "company") was the development of free-field and roof-top solar installations within the United Kingdom.
The company is a private company, limited by shares, domiciled and incorporated in the United Kingdom, registration number 07355222. The registered office is c/o Watson Farley & Williams LLP, 15 Appold Street London EC2A 2HB, United Kingdom.
For the financial year 30 September 2024, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
2.
Summary of significant accounting policies
The principal accounting policies applied in the preparation of the financial statements are set out below. These policies have been consistently applied to all the financial years presented, unless otherwise stated.
2.1
Basis of preparation of the financial statements
The financial statements have been prepared on a basis other than going concern after the management decision in 2015 to wind down operations in the UK. The Liquidation process will begin in March 2025.
The going concern basis of preparation is no longer appropriate and the financial statements have been prepared on a basis other than going concern.
No adjustments were necessary in these financial statements to reduce assets to their realisable values, to provide for liabilities arising from the decision or to reclassify fixed assets and long-term liabilities to current assets and liabilities.
The historical cost basis has been adopted in preparing these financial statements as modified by the revaluation of certain financial assets and liabilities measured at their current net realisable value.
The preparation of financial statements requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the accounting policies.
2.2
Statement of compliance
The financial statements of Juwi Renewable Energies Limited have been prepared in compliance with United Kingdom Accounting Standards, including Financial Reporting Standard 102, ‘the Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland' (“FRS 102”) and the Companies Act 2006.
9
Juwi Renewable Energies Limited
Notes to the Financial Statements (continued)
For the year ended 30 September 2024
2.3
Exemptions for qualifying entities under FRS 102
The company has adopted the following exemptions, which are allowed by FRS 102 (paragraph 1.12), to qualifying entities:-
the requirement to present a Statement of Cash Flows (section 7 of FRS 102 and paragraph 3.17 (d)) as the company is a qualifying entity, and its parent company, Juwi GMBH, includes the company's cash flows in its own consolidated financial statements;true
a reconciliation of the number of shares outstanding at the beginning and end of the year (FRS 102 paragraph 4.12(a) (iv);
the requirement for financial instruments disclosures including (i) categories of financial assets, financial liabilities and (ii) disclosure of items of income, expense, gains or losses relating to financial instruments for the financial year;
the requirement to disclose related party transactions with other wholly owned subsidiaries of Juwi GMBH (section 33 of FRS 102); and
the requirement to disclose the Company key personnel compensation as required by FRS 102 paragraph 33.7.
2.4
Foreign currency transactions and balances
Monetary assets and liabilities are denominated in foreign currencies are translated into Sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to the Statement of Comprehensive Income.
10
Juwi Renewable Energies Limited
Notes to the Financial Statements (continued)
For the year ended 30 September 2024
2.5
Current and deferred taxation
The tax expense for the year comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the UK where the company operates and generates taxable income.
Deferred tax arises from timing differences that are differences between taxable profits and total comprehensive income as stated in the financial statements. These timing differences arise from the inclusion of income and expenses in tax assessments in years different from those in which they are recognised in financial statements.
Deferred tax is recognised on all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are only recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax assets and liabilities are calculated at the tax rates expected to be effective at the time the timing differences are expected to reverse.
Deferred tax assets and liabilities are not discounted.
2.6
Cash and cash equivalents
Cash and cash equivalents include cash in hand and bank overdrafts. Bank overdrafts, when applicable are shown within borrowings in current liabilities.
2.7
Trade debtors
Trade debtors are amounts due from customers for the provision of services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective rate of interest method, less provision for impairment.
The company has no Trade Debtors in the year as the company continues to winddown its operation in the UK.
2.8
Trade Creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of the business from suppliers. Trade creditors are classified as current liabilities at the end of the reporting year.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
11
Juwi Renewable Energies Limited
Notes to the Financial Statements (continued)
For the year ended 30 September 2024
2.9
Provisions
Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
2.10
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at fair value of the cash or other resources received or receivable, net of the direct costs of issuing equity instruments.
2.11
Financial instruments
Financial assets:
Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, 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. Such assets are subsequently carried at amortised cost using the effective interest method.
At the end of each reporting year financial assets measured at amortised cost are assessed for evidence of impairment. If an asset is impaired the impairment loss is the difference between carrying amount and present value of estimated cash flows discounted at the asset's original effective interest rate, this loss is recognised in the Statement of Comprehensive Income.
Financial assets are derecognised when the contractual rights to the cash flows from the asset expire or are settled or substantially all the risks and rewards of ownership of the asset are transferred to another party.
Financial liabilities:
Basic financial liabilities, including trade and other creditors and loans from fellow Group companies 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 receipts discounted at a market rate of interest.
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. Trade creditors are classified as current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.
Financial assets and liabilities are off set and the net amounts presented in the financial statements. The company is applying FRS 102 in respect of recognition and measurement of financial instruments.
12
Juwi Renewable Energies Limited
Notes to the Financial Statements (continued)
For the year ended 30 September 2024
3.
Critical Accounting Estimates and Judgements
The preparation of financial statements in conformity with FRS 102 requires management to make judgements, estimates and assumptions that affect the application of policies and reported amounts of assets and liabilities, income and expenses. The estimates and associated assumptions are based on historical experience and various other factors that are believed to be reasonable under the circumstances, the results of which form the basis of making the judgements about carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates. The judgements, estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are discussed below:
3.1
Provisions
The company has a formal policy for making provisions to ensure they are stated at their fair value. The carrying value of the provision is included in note 12.
Provisions in respect to the contracts represents management's best estimate based on the detailed contract terms and agreed variations. The director's consideration is based on known events and status of the projects as well as information available to them at each reporting date.
Provisions provided at the balance sheet date can be supported.
4.
Turnover
Turnover £nil (2023: £nil).
5.
Administrative Expenses
Auditors' remuneration £nil (2024: £nil). There were no non-audit services (2023: £nil).
6.
Director
The company's director is employed by Juwi GMBH, and did not receive emoluments from Juwi Renewable Energies Limited during the year. The director did not receive any emoluments from any other party specifically for services as a director of Juwi Renewable Energies Limited and it is not possible to make an accurate apportionment of the directors' emoluments received from other group companies in respect of their services to Juwi Renewable Energies Limited. Accordingly, these financial statements include no emoluments for the director (2023: £nil).
13
Juwi Renewable Energies Limited
Notes to the Financial Statements (continued)
For the year ended 30 September 2024
7.
Tax on Loss
Year Ending
Year Ending
30.9.24
30.9.23
(i)
Analysis of tax charge in the year
£
£
Current tax
UK corporation tax charge on profit / loss for the year
-
-
Adjustments in respect of prior years
-
-
Total current tax
-
0
-
0
Deferred tax
Origination and reversal of timing differences
-
0
-
0
Total tax charge for the year
-
0
-
0
(ii) Reconciliation of tax charge
The standard rate of corporation tax in the UK is 25.00% (2023: 25.00%). The differences are explained below:
Year Ending
Year Ending
30.9.24
30.9.23
£
£
Profit / Loss before taxation
13,787
6,245
Profit / Loss before taxation multiplied by standard rate of corporation tax in the UK of 25% (2023: 25.00%)
3,447
1,374
Effects of:
-
-
- UK deferred tax average rate adjustment
-
0
22
- Expenses not deductible for tax purposes
- Tax losses not recognised
(3,447)
(1,396)
- Remeasurement of deferred tax for changes in tax rates
-
-
Tax charge for the year
-
-
14
Juwi Renewable Energies Limited
Notes to the Financial Statements (continued)
For the year ended 30 September 2024
8.
Debtors
Year
Year
30.9.24
30.9.23
£
£
Prepayments
222
213
VAT Recoverable
852
-
0
Accrued income
44,433
44,433
45,507
44,646
9. Creditors: Amounts falling due within one year
Year
Year
30.9.24
30.9.23
£
£
1,176,293
1,209,507
    Trade creditors
-
0
2,600
    Taxation and social security
5,310
7,835
    Accruals and deferred income
105,000
90,000
    Inter Company Loan
1,286,603
1,309,942
Within Trade creditors, amounts owing to Group undertakings is £1,172,643 (2023: £1,126,917) for trading balances. Amounts owed to Group undertakings are unsecured, interest free and payable on demand.
15
Juwi Renewable Energies Limited
Notes to the Financial Statements (continued)
For the year ended 30 September 2024
10. Financial assets and liabilities
Year
Year
30.9.24
30.9.23
Financial assets that are debt instruments are measured
at amortised cost
£
£
Trade debtors
-
-
Other debtors
852
-
Accrued Income
44,433
44,433
45,285
44,433
Year 30.9.24
Year 30.9.23
Financial liabilities that are debt instruments measured
at amortised cost
£
£
Trade creditors
1,176,293
1,209,507
Accrued expenses
35,316
41,243
105,000
90,000
Intercompany Loan
1,316,608
1,340,750
11.
Provisions for liabilities
Other Provisions
Total
£
£
33,408
At 1 October 2023
33,408
-
-
Additions to the Statement of Comprehensive Income
(3,402)
(3,402)
Amounts utilised
At 30 September 2024
30,006
30,006
Provisions for liabilities are held against EPC (Engineering Procurement and Construction) contract. The provisions at 30 September 2024 relate to Project Management cost recharged from Germany to support the court case proceedings.
16
Juwi Renewable Energies Limited
Notes to the Financial Statements (continued) For the year ended 30 September 2024
12.
Called up share capital
Year 30.9.24
Year 30.9.23
£
£
Issued and fully paid
17,886,251 (2022: 17,886,251) Ordinary shares of £1 each
17,886,251
17,886,251
13.
Capital and other commitments
At 30 September 2024 and 30 September 2023 the company had no future operating lease payments under non-cancellable operating leases and no capital commitments.
14.
Ultimate parent undertaking and controlling party
The immediate parent undertaking and controlling party is Juwi GmbH, a company registered in Woerrstadt Germany. Juwi GmbH no longer prepares audited consolidated financial statements as it has been incorporated in the consolidated financial statements of MVV Energie AG.

The Annual Report for MVV Energie AG can be downloaded from their website under the Investors & Relations section.

The ultimate parent undertaking and controlling party is MVV Energie AG, a company registered in Mannheim, Germany.

The smallest level of consolidation will be Juwi GmbH and the ultimate consolidation will be MVV Energie AG.
17
falseCCH SoftwareiXBRL Review & Tag 2024.22024-09-302023-10-01falsefalse0false073552222023-10-012024-09-30073552222024-09-3007355222bus:SmallCompaniesRegimeForAccounts2023-10-012024-09-30073552222022-10-012023-09-30073552222023-09-3007355222core:FinancialAssetsAmortisedCost2024-09-3007355222core:FinancialAssetsAmortisedCost2023-09-3007355222core:FinancialLiabilitiesAmortisedCost2024-09-3007355222core:FinancialLiabilitiesAmortisedCost2023-09-3007355222core:ShareCapital2023-09-3007355222core:ShareCapital2024-09-3007355222core:RetainedEarningsAccumulatedLosses2023-09-3007355222core:RetainedEarningsAccumulatedLosses2024-09-3007355222core:ShareCapital2022-09-3007355222core:RetainedEarningsAccumulatedLosses2022-09-30073552222022-09-3007355222core:ShareCapital2023-09-3007355222core:RetainedEarningsAccumulatedLosses2023-09-30073552222023-09-3007355222bus:FRS1022023-10-012024-09-3007355222bus:PrivateLimitedCompanyLtd2023-10-012024-09-3007355222bus:AuditExempt-NoAccountantsReport2023-10-012024-09-3007355222bus:FullAccounts2023-10-012024-09-30xbrli:purexbrli:sharesiso4217:GBP