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REGISTERED NUMBER: 11160549 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Atmosclear Investments Ltd

Atmosclear Investments Ltd (Registered number: 11160549)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


Atmosclear Investments Ltd (Registered number: 11160549)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 118 622
Investments 5 11,953,936 22,004,218
11,954,054 22,004,840

CURRENT ASSETS
Debtors 6 43,895,081 35,096,891
Cash at bank 287,468 2,537,132
44,182,549 37,634,023
CREDITORS
Amounts falling due within one year 7 (65,595,664 ) (68,916,230 )
NET CURRENT LIABILITIES (21,413,115 ) (31,282,207 )
TOTAL ASSETS LESS CURRENT LIABILITIES (9,459,061 ) (9,277,367 )

CREDITORS
Amounts falling due after more than one
year

8

(226,958

)

(283,624

)
NET LIABILITIES (9,686,019 ) (9,560,991 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (9,686,119 ) (9,561,091 )
(9,686,019 ) (9,560,991 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Atmosclear Investments Ltd (Registered number: 11160549)

Balance Sheet - continued
31 December 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 14 May 2025 and were signed on its behalf by:





Mr G R Bell - Director


Atmosclear Investments Ltd (Registered number: 11160549)

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

1. STATUTORY INFORMATION

Atmosclear Investments Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 11160549

Registered office: Westminster House
10 Westminster Road
Macclesfield
Cheshire
SK10 1BX

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.

Tangible fixed assets
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Computer Equipment 3 years - straight line

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Atmosclear Investments Ltd (Registered number: 11160549)

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

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 January 2024
and 31 December 2024 16,960
DEPRECIATION
At 1 January 2024 16,338
Charge for year 504
At 31 December 2024 16,842
NET BOOK VALUE
At 31 December 2024 118
At 31 December 2023 622

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2024 22,004,218
Disposals (12,269,460 )
Impairments 2,219,178
At 31 December 2024 11,953,936
NET BOOK VALUE
At 31 December 2024 11,953,936
At 31 December 2023 22,004,218

As the subsidiary companies operate businesses with an expected fixed life, the investments are being impaired over this period. This treatment is reviewed annually and will be updated if there are any relevant changes in circumstances.

6. DEBTORS
31.12.24 31.12.23
£    £   
Amounts falling due within one year:
Trade debtors 15,791 9,590
Amounts owed by group undertakings 1,252,896 -
Other debtors 7,377 11,564
1,276,064 21,154

Amounts falling due after more than one year:
Amounts owed by group undertakings 42,619,017 35,075,737

Aggregate amounts 43,895,081 35,096,891

Atmosclear Investments Ltd (Registered number: 11160549)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 16,071 14,371
Amounts owed to group undertakings 65,427,375 68,742,687
Taxation and social security 65,790 100,602
Other creditors 86,428 58,570
65,595,664 68,916,230

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.24 31.12.23
£    £   
Other creditors 226,958 283,624

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.24 31.12.23
£    £   
Within one year 45,142 -
Between one and five years 22,452 -
67,594 -

10. OTHER FINANCIAL COMMITMENTS

An amount of £283,624 is included within Creditors and represents an obligation by the company to make payments in relation to deferred consideration as follows:

20242023
£   £   
Not later than one year56,66628,333
Later than one year and not later than five years113,332113,332
Later than five years113,626141,959
283,624283,624

11. RELATED PARTY DISCLOSURES

During the year the company disposed of 8 subsidiaries to a subsidiary company, Rubena Solar Limited for the consideration of £12,390,251.

Interest is receivable on the loan owed by the subsidiary at a rate of 9% per annum above the Bank of England's base rate. The amount receivable in the year was £931,582. The balanced owed by the subsidiary in respect of this loan at the balance sheet date was £10,928,091.

12. ULTIMATE CONTROLLING PARTY

The company's immediate parent undertaking is Atmosclear International Limited . Its registered office address is Westminster House, 10 Westminster Road, Macclesfield, Cheshire, SK10 1BX. Its principal place of business is Pine Grove Enterprise Centre, Pine Grove, Crowborough, East Sussex, TN6 1DH.

The ultimate parent undertaking is Biothermic Holdings S.A . Its registered office address is 16 Rue Jean L'Aveugle, L-1148, Luxembourg.