Company registration number 06827219 (England and Wales)
CFP ENERGY (UK) LTD.
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
CFP ENERGY (UK) LTD.
COMPANY INFORMATION
Directors
Jonathan Navon
Thomas Rassmuson
Secretary
Jonathan Navon
Company number
06827219
Registered office
245 Hammersmith Road
London
United Kingdom
W6 8PW
Auditor
Fisher, Sassoon & Marks
43-45 Dorset Street
London
W1U 7NA
CFP ENERGY (UK) LTD.
CONTENTS
Page
Strategic report
1 - 3
Directors' report
4
Directors' responsibilities statement
5
Independent auditor's report
6 - 8
Income statement
9
Statement of financial position
10
Statement of changes in equity
11
Notes to the financial statements
12 - 28
CFP ENERGY (UK) LTD.
STRATEGIC REPORT
FOR THE YEAR ENDED 31 MARCH 2025
- 1 -

The directors present the strategic report for the year ended 31 March 2025.

Principal activities

The principal activity of the company was that of providing advisory services and holding investments which undertake advisory services.

Review of the business

During the financial period under review the Company registered a loss before tax of £11,716,644 (2024: £443,309), the reduction is due to a general decline in European energy consumption, which has contributed to lower profits in the energy risk management group. To mitigate the loss, the company’s parent injected £10,000,000 after the balance sheet date.

The results are considered satisfactory by the directors who expect profitability in the foreseeable future.

Key performance indicators

 

FY2025 FY2024

Gross profit

     18,819,642

       23,701,232

Operating (loss)/profit

   (11,035,858)

         1,556,690

(Loss)/Profit before tax

(11,716,644)

          443,309

Net assets

       2,962,701

11,913,596

 

CFP Energy (UK) Ltd. does not rely on any non-financial KPIs.

 

Analysis of development and performance

The company has a strong balance sheet with net assets of £3m (2024: £11.9m) and views its expanding local presence, superior client service and extensive expertise pivotal to its continued growth and success.

Principal risks and uncertainties

 

Liquidity risk

This is the risk of the company failing to meet its financial obligations because of insufficient cash being available. This risk comes from unexpected cash outflows or expected inflows that may not materialise. The company monitors its cash position regularly and employs forecasting to ensure it has sufficient cash to meet its operational requirements.

Group risk

Group risk is the risk that the financial position of the company may be adversely impacted by its relationships with other entities in the Group or by risks that may affect the financial position of the whole group. As a member of the group, the company faces the risk that decisions made by the group, or circumstances impacting the group, may either directly or indirectly impact the company. These could include strategic mergers or acquisitions, financial distress, reputational matters or decisions regarding the provision of services made by the company to the group.

 

Group risk is mitigated by the company's senior management being represented in the group's decision-making body, and by the company having documented contractual arrangements for services with group companies.

 

Credit risk

In the course of the company's business, trade and other receivables, and other financial assets at amortised cost are exposed to the credit risk of its counterparties, which primarily are group companies.

 

Given that the company's trade receivables are intercompany receivables from group companies, the credit risk is considered low given the group's financial position and liquidity.

 

 

 

CFP ENERGY (UK) LTD.
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
Corporate Social and Environmental Responsibility

The Company is part of a group headed by CFP Energy Group Ltd. and as such the following statements represent those of the Group as a whole.

 

The Group has been providing environmental solutions to its customers for over 19 years. The Group has invested in emission reduction projects and products with far-reaching social and economic impacts worldwide, which operates in accordance with UN Sustainable Development Goals (“SDG”s). Since 2019, the Group has engaged in emissions accounting conducted by an independent third party and has achieved net-zero status for scope 1 and 2 emissions.

Section 172 (1) Statement

The Companies (Miscellaneous Reporting) Regulations 2018 ('2018 MRR') require Directors to explain how they considered the interests of key stakeholders and the broader matters set out in section 172(1) (A) to (F) of the Companies Act 2006 ('S172') when performing their duty to promote the Company’s success under S172. This S172 statement explains how the Directors:

When making decisions, each Director ensures that they act in a manner they deem to be, in good faith, and would most likely promote the Company's success for the benefit of its members as a whole, taking into account, among other matters:

 

S1720) (A) "The likely consequences of any decision in the long term"

 

Our mission is to enable our customers transition to a sustainable future. At the heart of our decisions and product offerings lies the realisation of the fundamental role we play in securing a viable low-carbon future.

 

The Group consistently strives to improve sustainability management performance and drive impact. In 2024, the Group was awarded the Ecovadis Silver and Bronze sustainability medals as a result of its commitment to sustainability.

 

S1720) (B) "The interests of the company's employees"

The Group is committed to creating an environment that will attract, retain and motivate the best talent.

 

The leadership team recognises that their employees are fundamental and core to their business, and the delivery of their ambitions. We are a responsible and inclusive employer, committed to providing a workplace that values differences, where all employees and applicants are entitled to equal employment opportunities within the Group.

 

The Group upholds responsible and inclusive employment practices across recruitment, hiring, training, and compensation of employees, ensuring equal opportunities for all employees and applicants,  irrespective of any protected characteristics recognised by statute.

 

The leadership team regularly updates employees of changes to the business and engages in open forum discussions about how business changes will impact their roles. There is a formalised process of appraisal and review to ensure colleagues feel secure and have opportunities to develop.

 

S172(1) (C) "The need to foster the Company's business relationships with suppliers, customers and others"

 

The Group maintains an open conversation and considers new ideas, processes and certifications.  

 

CFP ENERGY (UK) LTD.
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -

As a Group, we are committed to actively collaborating, engaging, and, when necessary, leading the energy transition dialogue with key industry stakeholders and customers. We maintain regular engagement with regulators and government bodies on policy and regulatory issues, while also educating and informing customers, suppliers, and the broader market through webinars and conferences across Europe. In 2024, the Group hosted six online webinars, exhibited at E-World (Germany), presented at WindEurope (Bilbao), and participated in Argus's Biofuels Europe (London), among other key industry events. These platforms allow us to share insights and provide guidance on best practices for the energy transition.

 

S1720) (D) "The impact of the Company's operations on the community and the environment"

We have installed a battery for energy storage in our head office to replace the use of a traditional fossil fuel generator in case of a power outage. We invest in or develop carbon projects with specific SDG's which demonstrate social benefits, biodiversity, job opportunities, gender equality and water protection. These projects are created on behalf of our customers with specific ESG and SDG targets and commitments. Our strategy is to develop more projects to control and manage ESG impact. Furthermore, our participation in EcoBVardis serves as a testament to our environmental commitment to our customers.

 

S172(1) (E) "The desirability of the Company maintaining a reputation for high standards of business conduct"

 

Throughout the Company’s growth, investments have been made in its employees, operational processes, and support systems. Regular training on financial compliance, anti-bribery and ethics are integral to maintaining the Company’s high standards of business conduct.

 

The Group boasts a leadership team with a wealth of experience in finance, structuring, risk, legal and regulatory affairs. This ensures that the Group upholds ethical standards and adhere to all relevant laws and regulations.

 

S172(1) (F) "The need to act fairly as between members of the Company"

 

The Group has a written diversity and inclusion policy statement in place and provides training on discrimination and diversity laws across all management levels. The Group’s efforts include raising awareness of institutional inequalities and biases, and fostering a culture which recognises the benefits of a diverse and inclusive workforce. Critical assessment of existing culture, recruitment processes, and ad-hoc initiatives, are in place to improve diversity and inclusion.

Section 172 – Stakeholder Engagement

In an increasingly volatile energy market, the board remains deeply committed to ensuring all stakeholders are supported. Our solutions are not just for today but innovate for the future. The board strongly believes that the Group will only prosper by working collaboratively with customers, governments, business partners, investors and other stakeholders to achieve a viable low-carbon future. Working together is critical for the future and stakeholder needs are at the heart of all our decision making.

 

This Strategic report is made by the directors in good faith based on the information available to them up to the time of their approval of this report. Such statements should be treated with caution due to the inherent uncertainties, including both economic and business risk factors, underlying such forward-looking information.

 

The directors, in preparing this Strategic report, have complied with s414C of the Companies Act 2006.

On behalf of the board

Jonathan Navon
Director
24 July 2025
CFP ENERGY (UK) LTD.
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 MARCH 2025
- 4 -

The directors present their annual report and financial statements for the year ended 31 March 2025.

Results and dividends

The results for the year are set out on page 9.

No ordinary dividends were paid. The directors do not recommend payment of a final dividend.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

Jonathan Navon
Thomas Rassmuson
Supplier payment policy

The company's current policy concerning the payment of trade creditors is to:

 

Post reporting date events

In June 2025 the Company received a capital injection of £10,000,000 from the Company's shareholder CFP Energy RMS Ltd., representing 10,000,000 shares of £1.

Energy and carbon report

As the Company has not consumed more than 40,000 kWh of energy in this reporting period, it qualifies as a low energy user under these regulations and is not required to report on its emissions, energy consumption or energy efficiency activities.

Statement of disclosure to auditor

So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the company’s auditor is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the company’s auditor is aware of that information.

On behalf of the board
Jonathan Navon
Director
24 July 2025
CFP ENERGY (UK) LTD.
DIRECTORS' RESPONSIBILITIES STATEMENT
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -

The directors are responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.

 

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

 

The directors are 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. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

CFP ENERGY (UK) LTD.
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBER OF CFP ENERGY (UK) LTD.
- 6 -
Opinion

We have audited the financial statements of CFP Energy (UK) Ltd. (the 'company') for the year ended 31 March 2025 which comprise the income statement, the statement of financial position, the statement of changes in equity and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 101 Reduced Disclosure Framework (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

 

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

 

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

 

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

CFP ENERGY (UK) LTD.
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBER OF CFP ENERGY (UK) LTD. (CONTINUED)
- 7 -
Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the directors' report.

 

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of directors

As explained more fully in the directors' responsibilities statement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

 

 

 

CFP ENERGY (UK) LTD.
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBER OF CFP ENERGY (UK) LTD. (CONTINUED)
- 8 -

We assessed the susceptibility of the company’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

 

 

To address the risk of fraud through management bias and override of controls, we:

 

 

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

 

 

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any. Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or through collusion.

 

 

A further description of our responsibilities is available on the Financial Reporting Council's website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report

This report is made solely to the company’s member in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company’s member, those matters we are required to state to the member in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s member, for our audit work, for this report, or for the opinions we have formed.

Jonathan Marks (Senior Statutory Auditor)
For and on behalf of Fisher, Sassoon & Marks, Statutory Auditor
Chartered Accountants
43-45 Dorset Street
London
W1U 7NA
24 July 2025
CFP ENERGY (UK) LTD.
INCOME STATEMENT
FOR THE YEAR ENDED 31 MARCH 2025
- 9 -
2025
2024
Notes
£
£
Revenue
3
18,819,642
23,701,229
Administrative expenses
(29,855,500)
(22,961,498)
Other operating income
-
0
3,550
Operating (loss)/profit
4
(11,035,858)
743,281
Finance income
7
10,236
84,325
Finance costs
8
(534,064)
(384,297)
Other gains and losses
9
(156,958)
-
0
(Loss)/profit before taxation
(11,716,644)
443,309
Tax on (loss)/profit
10
2,765,749
(123,797)
(Loss)/profit and total comprehensive income for the financial year
(8,950,895)
319,512
CFP ENERGY (UK) LTD.
STATEMENT OF FINANCIAL POSITION
AS AT
31 MARCH 2025
31 March 2025
- 10 -
2025
2024
Notes
£
£
£
£
Non-current assets
Property, plant and equipment
12
9,219,995
3,951,976
Investments
13
2,078,938
3,042,414
Deferred tax asset
20
214,435
606,982
11,513,368
7,601,372
Current assets
Trade and other receivables
15
24,459,584
23,594,783
Cash and cash equivalents
10,155,402
1,839,112
34,614,986
25,433,895
Current liabilities
17
(33,078,150)
(15,615,672)
Net current assets
1,536,836
9,818,223
Total assets less current liabilities
13,050,204
17,419,595
Non-current liabilities
17
(9,558,615)
(5,505,999)
Provisions for liabilities
Deferred tax liabilities
20
(328,888)
-
0
Other provisions
21
(200,000)
-
0
Net assets
2,962,701
11,913,596
Equity
Called up share capital
22
6,000,100
6,000,100
Retained earnings
(3,037,399)
5,913,496
Total equity
2,962,701
11,913,596
The financial statements were approved by the board of directors and authorised for issue on 24 July 2025 and are signed on its behalf by:
Jonathan Navon
Director
Company registration number 06827219 (England and Wales)
CFP ENERGY (UK) LTD.
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2025
- 11 -
Share capital
Retained earnings
Total
Notes
£
£
£
Balance at 1 April 2023
100
5,593,984
5,594,084
Year ended 31 March 2024:
Profit and total comprehensive income
-
319,512
319,512
Transactions with owners:
Issue of share capital
22
6,000,000
-
6,000,000
Balance at 31 March 2024
6,000,100
5,913,496
11,913,596
Year ended 31 March 2025:
Loss and total comprehensive income
-
(8,950,895)
(8,950,895)
Balance at 31 March 2025
6,000,100
(3,037,399)
2,962,701
CFP ENERGY (UK) LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 12 -
1
Accounting policies
Company information

CFP Energy (UK) Ltd. is a private company limited by shares incorporated in England and Wales. The registered office is 245 Hammersmith Road, London, United Kingdom, W6 8PW. The company's principal activities and nature of its operations are disclosed in the directors' report.

1.1
Accounting convention

The financial statements have been prepared in accordance with Financial Reporting Standard 101 Reduced Disclosure Framework (FRS 101) and in accordance with applicable accounting standards.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

As permitted by FRS 101, the company has taken advantage of the following disclosure exemptions from the requirements of IFRS:

Where required, equivalent disclosures are given in the group accounts of CFP Energy Group Ltd. The group accounts of CFP Energy Group Ltd. are available to the public and can be obtained as set out in note 24.

1.2
Going concern

The directors have at the time of approving the financial statements, a reasonable expectation that the truecompany has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Revenue

Turnover represents the amounts receivable.

Revenue is derived from group companies for the provision of administrative and advisory services in accordance with the contractual cost plus pricing agreements.

CFP ENERGY (UK) LTD.
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 13 -
1.4
Property, plant and equipment

Property, plant and equipment are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land and buildings Leasehold
over term of the lease
Fixtures, fittings & equipment
20% straight line
Computer equipment
25% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the income statement.

1.5
Impairment of tangible and intangible assets

At each reporting end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

 

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

 

Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.6
Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial assets

Financial assets are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument. Financial assets are classified into specified categories, depending on the nature and purpose of the financial assets.

 

At initial recognition, financial assets classified as fair value through profit and loss are measured at fair value and any transaction costs are recognised in profit or loss. Financial assets not classified as fair value through profit and loss are initially measured at fair value plus transaction costs.

CFP ENERGY (UK) LTD.
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 14 -
Financial assets at fair value through profit or loss

When any of the above-mentioned conditions for classification of financial assets is not met, a financial asset is classified as measured at fair value through profit or loss. Financial assets measured at fair value through profit or loss are recognized initially at fair value and any transaction costs are recognised in profit or loss when incurred. A gain or loss on a financial asset measured at fair value through profit or loss is recognised in profit or loss, and is included within finance income or finance costs in the statement of income for the reporting period in which it arises.

Financial assets held at amortised cost

Financial instruments are classified as financial assets measured at amortised cost where the objective is to hold these assets in order to collect contractual cash flows, and the contractual cash flows are solely payments of principal and interest. They arise principally from the provision of goods and services to customers (eg trade receivables). They are initially recognised at fair value plus transaction costs directly attributable to their acquisition or issue, and are subsequently carried at amortised cost using the effective interest rate method, less provision for impairment where necessary.

Financial assets at fair value through other comprehensive income

Debt instruments are classified as financial assets measured at fair value through other comprehensive income where the financial assets are held within the company’s business model whose objective is achieved by both collecting contractual cash flows and selling financial assets, and the contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding.

 

A debt instrument measured at fair value through other comprehensive income is recognised initially at fair value plus transaction costs directly attributable to the asset. After initial recognition, each asset is measured at fair value, with changes in fair value included in other comprehensive income. Accumulated gains or losses recognised through other comprehensive income are directly transferred to profit or loss when the debt instrument is derecognised.

The company has made an irrevocable election to recognize changes in fair value of investments in equity instruments through other comprehensive income, not through profit or loss. A gain or loss from fair value changes will be shown in other comprehensive income and will not be reclassified subsequently to profit or loss. Equity instruments measured at fair value through other comprehensive income are recognized initially at fair value plus transaction cost directly attributable to the asset. After initial recognition, each asset is measured at fair value, with changes in fair value included in other comprehensive income. Accumulated gains or losses recognized through other comprehensive income are directly transferred to retained earnings when the equity instrument is derecognized or its fair value substantially decreased. Dividends are recognized as finance income in profit or loss.

Impairment of financial assets

Financial assets carried at amortised cost and FVOCI are assessed for indicators of impairment at each reporting end date.

 

The expected credit losses associated with these assets are estimated on a forward-looking basis. A broad range of information is considered when assessing credit risk and measuring expected credit losses, including past events, current conditions, and reasonable and supportable forecasts that affect the expected collectability of the future cash flows of the instrument.

 

For trade receivables, the simplified approach permitted by IFRS 9 is applied, which requires expected lifetime losses to be recognised from initial recognition of the receivables.

 

Financial assets are written off against the expected credit losses when the Company has no reasonable expectations of recovering a financial asset in its entirety or a portion thereof.

 

CFP ENERGY (UK) LTD.
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 15 -

The company considers the following as constituting an event of default for internal credit risk management purposes as historical experience indicates that financial assets that meet either of the following criteria are generally not recoverable:

• When there is a breach of financial covenants by the debtor

• Information developed internally or obtained from external sources indicates that the debtor is unlikely to pay its creditors, including companies in the group in full.

 

The company writes off a financial asset when there is information indicating that the debtor is in severe financial difficulty and there is no realistic prospect of recovery, e.g. when the debtor has been placed under liquidation or has entered into bankruptcy proceedings, or in the case of trade receivables, when the amounts are over one year past due, whichever occurs sooner. Any recoveries made are recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire, or when it transfers the financial asset and substantially all the risks and rewards of ownership to another entity.

1.8
Financial liabilities

The company recognises financial debt when the company becomes a party to the contractual provisions of the instruments. Financial liabilities are classified as either 'financial liabilities at fair value through profit or loss' or 'other financial liabilities'.

Other financial liabilities

Other financial liabilities, including borrowings, trade payables and other short-term monetary liabilities, are initially measured at fair value net of transaction costs directly attributable to the issuance of the financial liability. They are subsequently measured at amortised cost using the effective interest method. For the purposes of each financial liability, interest expense includes initial transaction costs and any premium payable on redemption, as well as any interest or coupon payable while the liability is outstanding.

Derecognition of financial liabilities

Financial liabilities are derecognised when, and only when, the company’s obligations are discharged, cancelled, or they expire.

1.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.10
Derivatives

Derivatives are initially recognised at fair value at the date a derivative contract is entered into and are subsequently remeasured to fair value at each reporting end date. The resulting gain or loss is recognised in or immediately unless the derivative is designated and effective as a hedging instrument, in which event the timing of the recognition in or depends on the nature of the hedge relationship.

 

A derivative with a positive fair value is recognised as a financial asset, whereas a derivative with a negative fair value is recognised as a financial liability.

 

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

1.11
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

CFP ENERGY (UK) LTD.
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 16 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax is the tax expected to be payable or recoverable on differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit, and is accounted for using the balance sheet liability method. Deferred tax liabilities are generally recognised for all taxable temporary differences and deferred tax assets are recognised to the extent that it is probable that taxable profits will be available against which deductible temporary differences can be utilised. Such assets and liabilities are not recognised if the temporary difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.12
Provisions

Provisions are recognised when the company has a legal or constructive present obligation as a result of a past event and 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.

 

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the reporting end date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows.

 

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

1.13
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of inventories or non-current assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

CFP ENERGY (UK) LTD.
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 17 -
1.14
Leases
As lessee

At inception, the company assesses whether a contract is, or contains, a lease within the scope of IFRS 16. A contract is, or contains, a lease if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. Where a tangible asset is acquired through a lease, the company recognises a right-of-use asset and a lease liability at the lease commencement date. Right-of-use assets are included within property, plant and equipment, apart from those that meet the definition of investment property.

The right-of-use asset is initially measured at cost, which comprises the initial amount of the lease liability adjusted for lease payments made at or before the commencement date plus any initial direct costs and an estimate of the cost of obligations to dismantle, remove, refurbish or restore the underlying asset and the site on which it is located, less any lease incentives received.

 

The right-of-use asset is subsequently adjusted for remeasurements of the lease liability and applies the relevant cost model, fair value model or revaluation model as set out within the accounting policies for the applicable asset class. Where the cost model is applied, the asset is depreciated from the commencement date to the earlier of the end of the useful life of the right-of-use asset or the end of the lease term, and is periodically reduced by impairment losses, if any.

The lease liability is initially measured at the present value of the lease payments that are unpaid at the commencement date, discounted using the interest rate implicit in the lease or, if that rate cannot be readily determined, the company's incremental borrowing rate. Lease payments included in the measurement of the lease liability comprise fixed payments, variable lease payments that depend on an index or a rate, amounts expected to be payable under a residual value guarantee, and the cost of any options that the company is reasonably certain to exercise, such as the exercise price under a purchase option, lease payments in an optional renewal period, or penalties for early termination of a lease.

The lease liability is measured at amortised cost using the effective interest method. It is reassessed at each financial period end to reflect lease modifications and any changes to the factors considered at initial measurement, as set out above. When the lease liability is remeasured in this way, a corresponding adjustment is made to the carrying amount of the right-of-use asset, or is recorded in profit or loss if the carrying amount of the right-of-use asset has been reduced to zero.

The company has elected not to recognise right-of-use assets and lease liabilities for short-term leases of machinery that have a lease term of 12 months or less, or for leases of low-value assets including IT equipment. The payments associated with these leases are recognised in profit or loss on a straight-line basis over the lease term.

CFP ENERGY (UK) LTD.
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 18 -

Any contract entered into, which contains an identified asset, whose use the company has the right to direct throughout the period of the lease, and the right to obtain substantially all the economic benefits from, is accounted for as a lease.

 

At the lease commencement date, the company recognises a right-of-use asset and a lease liability on the statement of financial position. The lease liability is measured at the present value of the total lease payments due, discounted using the interest rate implicit in the lease if readily available, or at the company's incremental borrowing rate. The right-of-use asset is measured at cost, being the lease liability, plus any initial direct costs incurred by the company, or lease payments made in advance of the commencement date.

 

Right-of-use assets are depreciated on a straight-line basis to the end of the lease term. The company assesses the right-of-use asset for impairment when such indicators exist. Lease liabilities are remeasured to reflect any reassessment or modification of the lease - when the lease liability is remeasured, the corresponding adjustment is reflected in the right-of-use leased asset, or in the statement of comprehensive income if the asset is already reduced to zero.

 

The lease term is the non-cancellable period of the lease together with periods covered by an option to extend the lease where the company is reasonably certain to exercise that option and periods covered by an option to terminate the lease where the company is reasonably certain not to exercise that option. The company accounts for leases with a lease term of less than 12 months as short term leases.

1.15
Foreign exchange

Monetary assets and liabilities 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 profit and loss account.

2
Critical accounting estimates and judgements

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised, if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

 

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are outlined below.

Critical judgements
Investments in associates

The Company makes estimates in determining the recoverable amount of investments in associates based on estimates of the underlying assets in those companies. The estimates used considers the carrying value of the assets held in associates and forecasted cashflows expected to arise over a 5 years from the balance sheet date at the end of each reporting period.

CFP ENERGY (UK) LTD.
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 19 -
3
Revenue
2025
2024
£
£
Revenue analysed by class of business
Amounts charged to related parties
18,987,593
23,533,278
Advisory support
(167,951)
167,951
18,819,642
23,701,229
2025
2024
£
£
Revenue analysed by geographical market
UK and Europe
18,819,642
23,701,229
4
Operating (loss)/profit
2025
2024
Operating (loss)/profit for the year is stated after charging/(crediting):
£
£
Exchange losses
145,885
336,632
Depreciation of property, plant and equipment
625,536
429,826
5
Auditor's remuneration
2025
2024
Fees payable to the company's auditor and associates:
£
£
For audit services
Audit of the financial statements of the company
20,000
16,000
6
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Sales
38
22
IT
30
18
Administration
48
46
Total
116
86
CFP ENERGY (UK) LTD.
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
6
Employees
(Continued)
- 20 -

Their aggregate remuneration comprised:

2025
2024
£
£
Wages and salaries
13,234,323
12,446,801
Social security costs
1,557,374
1,334,895
14,791,697
13,781,696
7
Finance income
2025
2024
£
£
Interest income
Interest on bank deposits
10,236
84,325
8
Finance costs
2025
2024
£
£
Interest on financial liabilities measured at amortised cost:
Interest on lease liabilities
420,799
387,919
Other interest
113,265
(3,622)
534,064
384,297
9
Other gains and losses
2025
2024
£
£
Gain on disposal of fixed asset investments
165,460
-
Impairment of fixed asset investment
(322,417)
-
(156,957)
-
0
CFP ENERGY (UK) LTD.
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 21 -
10
Taxation
2025
2024
£
£
Current tax
Prior year adjustment
(307,040)
(753)
Other tax reliefs
(3,180,144)
-
Total UK current tax
(3,487,184)
(753)
Deferred tax
Accelerated capital allowances
328,888
-
0
Prior year adjustment
301,910
-
0
Tax losses carried forward
-
(301,910)
Tax on deferred bonuses
90,637
426,460
721,435
124,550
Total tax charge/(credit)
(2,765,749)
123,797

The actual (credit)/charge for the year can be reconciled to the expected charge for the year based on the profit or loss and the standard rate of tax as follows:

2025
2024
£
£
(Loss)/profit before taxation
(11,716,644)
443,309
Expected tax (credit)/charge based on a corporation tax rate of 25.00% (2024: 25.00%)
(2,929,161)
110,827
Effect of expenses not deductible in determining taxable profit
141,452
12,970
Change in unrecognised deferred tax assets
27,090
-
0
Adjustment in respect of prior years
(5,130)
-
0
Taxation (credit)/charge for the year
(2,765,749)
123,797
CFP ENERGY (UK) LTD.
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 22 -
11
Impairments

Impairment tests have been carried out where appropriate and the following impairment losses have been recognised in profit or loss:

2025
2024
£
£
In respect of:
Fixed asset investments
322,417
-
Recognised in:
Other gains and losses
322,417
-
12
Property, plant and equipment
Land and buildings Leasehold
Fixtures, fittings & equipment
Computer equipment
Total
£
£
£
£
Cost
At 1 April 2024
4,351,777
61,674
46,053
4,459,504
Additions
4,558,096
1,335,459
-
0
5,893,555
At 31 March 2025
8,909,873
1,397,133
46,053
10,353,059
Accumulated depreciation and impairment
At 1 April 2024
434,939
35,868
36,721
507,528
Charge for the year
569,669
53,432
2,435
625,536
At 31 March 2025
1,004,608
89,300
39,156
1,133,064
Carrying amount
At 31 March 2025
7,905,265
1,307,833
6,897
9,219,995
At 31 March 2024
3,916,838
25,806
9,332
3,951,976

Property, plant and equipment includes right-of-use assets, as follows:

Land and buildings
£
Net carrying value at 1 April 2023
-
Additions
4,351,777
Depreciation charge
(434,939)
Net carrying value at 31 March 2024
3,916,838
Additions
4,558,096
Depreciation charge
(569,669)
Net carrying value at 31 March 2025
7,905,265
CFP ENERGY (UK) LTD.
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 23 -
13
Investments
Current
Non-current
2025
2024
2025
2024
£
£
£
£
Investments in associates
-
-
2,078,938
3,042,414
Fair value of financial assets carried at amortised cost

The directors consider that the carrying amounts of financial assets carried at amortised cost in the financial statements approximate to their fair values.

Movements in non-current investments
Shares in associates
£
Cost or valuation
At 1 April 2024
3,042,414
Capital repaid
(641,059)
At 31 March 2025
2,401,355
Impairment
At 1 April 2024
-
Movements of investment
(322,417)
At 31 March 2025
(322,417)
Carrying amount
At 31 March 2025
2,078,938
At 31 March 2024
3,042,414
14
Associates

Details of the company's associates at 31 March 2025 are as follows:

Name of undertaking
Registered office
Class of
% Held
shares held
Direct
CF Sustainble Investments LLP
England and Wales
Member Capital
0
CF Partners (UK) LLP
England and Wales
Member Capital
0

The company holds members capital in the above named limited liability partnerships. Under the LLPs deed of adherence the company does not have significant influence over the operating and financial policies of the entities. Accordingly, the investments are not classed as being that of a subsidiary or associate.

CFP ENERGY (UK) LTD.
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 24 -
15
Trade and other receivables
2025
2024
£
£
Trade receivables
563,982
211,973
Provision for bad and doubtful debts
(359,793)
-
204,189
211,973
Corporation tax recoverable
968,009
642,326
VAT recoverable
704,613
515,357
Amounts owed by fellow group undertakings
20,706,097
20,169,117
Amounts owed by related parties
-
115,608
Other receivables
35,000
1,314,008
Prepayments and accrued income
1,841,676
626,394
24,459,584
23,594,783
16
Trade receivables - credit risk
Fair value of trade receivables

The directors consider that the carrying amount of trade and other receivables is approximately equal to their fair value.

Impaired trade receivables

The company calculated the expected credit loss of its receivables in accordance with IFRS 9. The company determined provisioning for £359,793 of expected credit loss should be presented in these financial statements.

 

In determining the recoverability of a receivable, the company considers any change in the credit quality of the receivable from the date credit was initially granted up to the reporting date. 

Movement in the allowances for impairment of trade receivables
2025
2024
£
£
Balance at 1 April 2024 and at 31 March 2025
359,793
-
17
Liabilities
Current
Non-current
2025
2024
2025
2024
Notes
£
£
£
£
Trade and other payables
18
31,784,589
14,948,798
857,740
1,165,401
Taxation and social security
929,584
267,776
-
-
Lease liabilities
19
363,977
399,098
8,700,875
4,340,598
33,078,150
15,615,672
9,558,615
5,505,999
CFP ENERGY (UK) LTD.
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 25 -
18
Trade and other payables
Current
Non-current
2025
2024
2025
2024
£
£
£
£
Trade payables
1,306,572
969,730
-
0
-
0
Amounts owed to fellow group undertakings
25,249,995
7,966,121
-
-
Amounts owed to related parties
2,595
-
0
-
0
-
0
Accruals and deferred income
5,225,427
6,012,947
857,740
1,165,401
31,784,589
14,948,798
857,740
1,165,401
19
Lease liabilities
2025
2024
Maturity analysis of lease payments
£
£
Within one year
363,977
16,511
In two to five years
3,873,440
1,987,478
In over five years
4,827,435
2,735,707
Total undiscounted lease liabilities
9,064,852
4,739,696

Lease liabilities are classified based on the amounts that are expected to be settled within the next 12 months and after more than 12 months from the reporting date, as follows:

2025
2024
£
£
Current liabilities
363,977
399,098
Non-current liabilities
8,700,875
4,340,598
9,064,852
4,739,696
20
Deferred taxation
Liabilities
Assets
2025
2024
2025
2024
£
£
£
£
Deferred tax balances
328,888
-
0
214,435
606,982
Deferred tax assets are expected to be recovered as follows:
- Within one year
214,435
575,135
- After more than one year
-
31,847
CFP ENERGY (UK) LTD.
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
20
Deferred taxation
(Continued)
- 26 -

The following are the major deferred tax liabilities and assets recognised by the company and movements thereon during the current and prior reporting period.

Accelerated capital allowances
Tax losses
Deferred employee bonuses
Total
£
£
£
£
Asset at 1 April 2023
-
0
-
0
(731,532)
(731,532)
Deferred tax movements in prior year
Charge/(credit) to profit or loss
-
(301,910)
426,460
124,550
Asset at 1 April 2024
-
0
(301,910)
(305,072)
(606,982)
Deferred tax movements in current year
Charge/(credit) to profit or loss
328,888
301,910
90,637
721,435
Liability at 31 March 2025
328,888
-
-
328,888
Asset at 31 March 2025
-
0
-
0
(214,435)
(214,435)

The deferred tax asset set out above is expected to reverse and relates to temporary timing differences.

21
Provisions for liabilities
2025
2024
£
£
Leasehold dilapidations
200,000
-
Movements on provisions:
Leasehold dilapidations
£
Additional provisions in the year
200,000
22
Share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
6,000,100
6,000,100
6,000,100
6,000,100

In 2024, the Company's parent made a capital injection of £6,000,000 to improve the Company's liquidity position. There was no capital injection made in 2025. Subsequent to the year end £10,000,000 ordinary shares were issued.

CFP ENERGY (UK) LTD.
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 27 -
23
Related party transactions

The company has taken advantage of the exemptions provided by Section 8 of FRS 101 'Related Party Disclosures' and has not disclosed transactions entered into between two or more members of a group, provided that any subsidiary undertaking which is party to the transactions is wholly owned by a member of that group.

At the balance sheet date, the company was owed £1,987,964 (2024: was owed £3,618,767) by CFP Energy Group Ltd. the ultimate parent company registered in England and Wales. The amounts are unsecured, interest free and repayable on demand.

At the balance sheet date, the company was owed £1,202,878 (2024: was owed £1,758,107) by CFP Energy RMS Ltd., the Company’s immediate parent company, under common control of the ultimate parent company, registered in England and Wales. The amounts are unsecured, interest free and repayable on demand.

At the balance sheet date, the company owed £2,595 (2024: was owed £115,559) to CF Partners (UK) LLP, an entity, incorporated in England and Wales, under the common control of the directors. The amounts are unsecured, interest free and repayable on demand.

At the balance sheet date, the company owed CFP Energy Limited, a connected company, under common control of the parent company, incorporated and registered in Jersey, a total of £19,407,009 (2024: owed £6,977,003). The amount owed is unsecured, interest free and repayable on demand.

At the balance sheet date, the company owed CFP Energy (NL) BV, a connected company, under common control of the parent company, incorporated and registered in Netherlands, a total of £266,427 (2024: owed £76,381). The amount owed is unsecured, interest free and repayable on demand.

At the balance sheet date, the company was owed £3,347,476 (2024: was owed £2,049,916) by CFP Commodities Limited, a connected company, under the control of the parent company, incorporated in Ireland. The amount is unsecured, interest free and repayable on demand.

At the balance sheet date, the company was owed £72,784 (2024: was owed £145,600) by CFP Energy (ES) S.L. a connected company, under the control of the parent company, incorporated in Spain. The amount is unsecured, interest free and repayable on demand.

At the balance sheet date, the company was owed £58,251 (2024: was owed £91,437) by CFP Energy (IT) S.R.L a connected company, under the control of the parent company, incorporated in Italy. The amount is unsecured, interest free and repayable on demand.

At the balance sheet date, the company was owed £490,375 (2024: was owed £499,316) by Canopy Carbon Ltd. a connected company, under the control of the parent company, incorporated in England and Wales. The amount is unsecured, interest free and repayable on demand.

At the balance sheet date, the company was owed £51,859 (2024: was owed £51,999) by Define Energy GmbH a connected company, under the control of the parent company, incorporated in Switzerland. The amount is unsecured, interest free and repayable on demand.

At the balance sheet date, the company was owed £318,813 (2024: was owed £281,713) by CFP Labs Ltd. a connected company, under the control of the parent company, incorporated in England and Wales. The amount is unsecured, interest free and repayable on demand.

At the balance sheet date, the company was owed £258,929 (2024: was owed £1,201,424) by CFP Cyber Energia a connected company, under the control of the parent company, incorporated in England and Wales. The amount is unsecured, interest free and repayable on demand.

At the balance sheet date, the company was owed £12,092,043 (2024: was owed £4,324,195) by CFP Trading Limited, an entity incorporated and registered in Malta and under the control of the ultimate parent The amount is unsecured, interest free and repayable on demand.

At the balance sheet date, the company owed £341,711 (2024: owed £348,808) to CFP Commodities MEA DMCC, an entity incorporated and registered in Dubai and under the control of the parent company. The amount is unsecured, interest free and repayable on demand.

CFP ENERGY (UK) LTD.
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
23
Related party transactions
(Continued)
- 28 -

At the balance sheet date, the company owed £776,629 (2024: was owed £2,274,381) to Cleantec Development APC, an entity incorporated and registered in Jersey and under the control of the parent company. The amount is unsecured, interest free and repayable on demand.

At the balance sheet date, the company owed £837,950 (2024: owed £695,752) to Cleantec Development PCC, an entity incorporated and registered in Jersey and under the control of the parent company. The amount is unsecured, interest free and repayable on demand.

At the balance sheet date, the company owed £78,326 (2024: £nil) to Cleantec Development BPC, an entity incorporated and registered in Jersey and under the control of the parent company. The amount is unsecured, interest free and repayable on demand.

At the balance sheet date, the company owed £194,467 (2024: £nil) to GreenX Utility sp. Z.o.o an entity incorporated in Poland and under the common control of the directors. The amount is unsecured, interest free and repayable on demand.

At the balance sheet date, the company was owed £1,051,141 (2024: £nil) by Brook Green Trading Limited, a company incorporated and registered in England & Wales under common control of the parent company. The amounts are unsecured, interest free and repayable on demand.

At the balance sheet date, the company was owed £3,100,420 (2024: was owed £3,995,533) by Brook Green Supply Limited, a company incorporated and registered in England & Wales under common control of the parent company. The amounts are unsecured, interest free and repayable on demand.

At the balance sheet date, the company was owed £11,507 (2024: was owed £35,675) by BGI Trading Limited, a company incorporated and registered in England & Wales under common control of the parent company. The amounts are unsecured, interest free and repayable on demand.

At the balance sheet date, the company was owed £9,134 (2024: £nil) by BGI Limited, a company incorporated and registered in England & Wales under common control of the parent company. The amounts are unsecured, interest free and repayable on demand.

24
Controlling party

The Company's immediate parent company, is CFP Energy RMS Ltd., a company incorporated in England and Wales. The ultimate parent undertaking and controlling party is CFP Energy Group Ltd., a company incorporated in England and Wales.

 

CFP Energy Group Ltd. is the parent undertaking of the smallest and largest group of undertakings to consolidate these financial statements at 31 March 2025. The consolidated financial statements of CFP Energy Group Ltd. are available from 245 Hammersmith Road, London, England W6 8PW.

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Contingent liability

The Company is a guarantor to a group loan facility agreement between CFP Energy Group Ltd. (‘’The Parent’’) and a third-party totalling €70m. The Company has not made any payments under the guarantee.

 

The directors consider the likelihood of the guarantee being called upon to be remote, and therefore, no provision has been made in these financial statements. The Company has credit insurance to potentially mitigate its risk.

 

 

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