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Company No: 11379249 (England and Wales)

NEUVILLE GRID DATA LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2023
Pages for filing with the registrar

NEUVILLE GRID DATA LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2023

Contents

NEUVILLE GRID DATA LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 December 2023
NEUVILLE GRID DATA LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 December 2023
Note 2023 2022
£ £
Fixed assets
Investments 3 485,724 3,990
485,724 3,990
Current assets
Debtors 4 1,597 1,645,086
Cash at bank and in hand 185 90,305
1,782 1,735,391
Creditors: amounts falling due within one year 5 ( 137,100) ( 120,285)
Net current (liabilities)/assets (135,318) 1,615,106
Total assets less current liabilities 350,406 1,619,096
Net assets 350,406 1,619,096
Capital and reserves
Called-up share capital 6 46,862 38,262
Share premium account 1,975,119 1,753,719
Profit and loss account ( 1,671,575 ) ( 172,885 )
Total shareholders' funds 350,406 1,619,096

For the financial year ending 31 December 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Neuville Grid Data Limited (registered number: 11379249) were approved and authorised for issue by the Director on 20 June 2025. They were signed on its behalf by:

C V Simmons
Director
NEUVILLE GRID DATA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
NEUVILLE GRID DATA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Neuville Grid Data Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is C/O Bishop Fleming Llp, 10 North Place, Cheltenham, GL50 4DW, United Kingdom. The principal place of business is Sustainable Workspaces, 3rd Floor, Riverside Building, County Hall, Westminster Bridge Road, London, SE1 7PB.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The director notes that the business has net current liabilities of £135,318. The Company is supported through loans from its lenders and investors. The director has confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the director will continue to support the Company. Given the current position, the director believes that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.

Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so 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.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and 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 creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Fixed asset investments

Other investments Total
£ £
Cost or valuation before impairment
At 01 January 2023 3,990 3,990
Additions 1,375,500 1,375,500
At 31 December 2023 1,379,490 1,379,490
Provisions for impairment
At 01 January 2023 0 0
Impairment 893,766 893,766
At 31 December 2023 893,766 893,766
Carrying value at 31 December 2023 485,724 485,724
Carrying value at 31 December 2022 3,990 3,990

4. Debtors

2023 2022
£ £
Amounts owed by Group undertakings 0 1,644,798
VAT recoverable 1,597 288
1,597 1,645,086

5. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 7,855 1,740
Other loans (secured) 126,045 116,045
Accruals 3,200 2,500
137,100 120,285

The other loans are secured by fixed and floating charges than contain a negative pledge over the intellectual property and all other property or undertaking of the company.

6. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
4,286,192 A Ordinary Common shares of £ 0.01 each (2022: 3,426,192 shares of £ 0.01 each) 42,861.92 34,261.92
20,000,000 B Ordinary Founder shares of £ 0.0002 each 4,000.00 4,000.00
3 C Ordinary Technology Safeguard shares of £ 0.01 each 0.03 0.03
46,861.95 38,261.95