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REGISTERED NUMBER: 14011528 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 APRIL 2023 TO 30 SEPTEMBER 2024

FOR

GRANDE LAGO HOLDCO LIMITED

GRANDE LAGO HOLDCO LIMITED (REGISTERED NUMBER: 14011528)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 APRIL 2023 TO 30 SEPTEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GRANDE LAGO HOLDCO LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 APRIL 2023 TO 30 SEPTEMBER 2024







DIRECTORS: S W Moore
Thames Street Services Limited





REGISTERED OFFICE: 10 Lower Thames Street
London
EC3R 6AF





REGISTERED NUMBER: 14011528 (England and Wales)

GRANDE LAGO HOLDCO LIMITED (REGISTERED NUMBER: 14011528)

BALANCE SHEET
30 SEPTEMBER 2024

30/9/24 31/3/23
as restated
Notes £ £
FIXED ASSETS
Investments 4 1,365,243 1,365,243

CURRENT ASSETS
Debtors 5 16,920,616 12,159,244
Cash at bank 81,180 -
17,001,796 12,159,244
CREDITORS
Amounts falling due within one year 6 (16,662,947 ) (12,160,510 )
NET CURRENT ASSETS/(LIABILITIES) 338,849 (1,266 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,704,092

1,363,977

CREDITORS
Amounts falling due after more than one
year

7

(1

)

-
NET ASSETS 1,704,091 1,363,977

CAPITAL AND RESERVES
Called up share capital 8 - 1
Share premium 9 1,365,243 1,365,243
Retained earnings 9 338,848 (1,267 )
SHAREHOLDERS' FUNDS 1,704,091 1,363,977

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 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.

GRANDE LAGO HOLDCO LIMITED (REGISTERED NUMBER: 14011528)

BALANCE SHEET - continued
30 SEPTEMBER 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 30 June 2025 and were signed on its behalf by:





Thames Street Services Limited - Director


GRANDE LAGO HOLDCO LIMITED (REGISTERED NUMBER: 14011528)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 APRIL 2023 TO 30 SEPTEMBER 2024


1. STATUTORY INFORMATION

Grande Lago Holdco 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.

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.

Critical accounting judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements,
estimates and assumptions that affect the application of accounting policies and reported
amounts of assets, liabilities, income and expenses. Actual results may differ from these
estimates.

Estimates and underlying assumptions are reviewed on an on-going basis. Estimates are
based on historical experience and other assumptions that are considered reasonable in the
circumstances. The actual amount or values may vary in certain instances from the
assumptions and estimates made. Changes will be recorded, with corresponding effect in
profit or loss, when, and if, better information is obtained.

Information about assumptions and estimation uncertainties that have a significant risk of
resulting in a material adjustment within the next financial year are included below. Critical
judgements that management has made in the process of applying accounting policies
disclosed herein and that have a significant effect on the amounts recognised in the financial
statements relates to the following:

Going concern
The directors have reviewed the performance of the Company during the year as set out in
these accounts and, after taking account of possible changes that can reasonably be
envisaged in trading performance, have considered the cash flow forecasts and future
liquidity requirements of the Company.

Having regard to the above and after making enquires the directors have a reasonable
expectation that the Company has adequate resources to continue in operational existence
for at least 12 months from the date of signing the accounts. Accordingly, they continue to
adopt the going concern basis in preparing the annual report and accounts.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

GRANDE LAGO HOLDCO LIMITED (REGISTERED NUMBER: 14011528)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2023 TO 30 SEPTEMBER 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
Financial instruments are recognised in the company's balance sheet 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 debtors 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 transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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. Financial liabilities classified as payable within one year are not amortised.

Taxation
Taxation for the period 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 period 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.

GRANDE LAGO HOLDCO LIMITED (REGISTERED NUMBER: 14011528)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2023 TO 30 SEPTEMBER 2024


2. ACCOUNTING POLICIES - continued

Reporting period length
These financial statements cover the period from 01/04/2023 to 30/09/2024. The previous financial statements covered the 12 months to 31/03/2023, therefore, the comparatives are not entirely comparable.

Debtors and Creditors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Cash and Cash Equivalents
Cash is represented by deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of the acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Finance costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Interest received
Interest received is capitalised over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2023 - NIL).

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£
COST
At 1 April 2023
and 30 September 2024 1,365,243
NET BOOK VALUE
At 30 September 2024 1,365,243
At 31 March 2023 1,365,243

GRANDE LAGO HOLDCO LIMITED (REGISTERED NUMBER: 14011528)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2023 TO 30 SEPTEMBER 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/24 31/3/23
as restated
£ £
Other debtors 385,456 -
Owed by group undertakings 16,465,132 12,159,244
VAT debtor 70,028 -
16,920,616 12,159,244

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/24 31/3/23
as restated
£ £
Trade creditors 189,552 -
Amounts owed to group undertakings 16,473,395 12,160,510
16,662,947 12,160,510

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/9/24 31/3/23
as restated
£ £
Amounts owed to group undertakings 1 -

8. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 30/9/24 31/3/23
value: as restated
£ £
1 Share capital 1 - 1

9. RESERVES
Retained Share
earnings premium Totals
£ £ £

At 1 April 2023 (1,267 ) 1,365,243 1,363,976
Profit for the period 340,115 - 340,115
At 30 September 2024 338,848 1,365,243 1,704,091

GRANDE LAGO HOLDCO LIMITED (REGISTERED NUMBER: 14011528)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2023 TO 30 SEPTEMBER 2024


10. ULTIMATE CONTROLLING PARTY

The immediate parent company is Downing Energy Development Company Ltd, a company incorporated in England and wales.

The Company's ultimate parent and controlling entity is Bagnall Energy Limited, a company incorporated in England and Wales. The consolidated financial statements of Bagnall Energy Limited can be obtained from that company's registered office: 10 Lower Thames Street, London, England, EC3R 6AF.