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REGISTERED NUMBER: 07337814 (England and Wales)













Unaudited Financial Statements

for the Year Ended 30 November 2024

for

New Energy Farms EU Limited

New Energy Farms EU Limited (Registered number: 07337814)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


New Energy Farms EU Limited

Company Information
for the Year Ended 30 November 2024







DIRECTORS: Dr P A Carver
M F F Carver





REGISTERED OFFICE: 1 Cedar House
The Parade
Marlborough
Wiltshire
SN8 1NY





REGISTERED NUMBER: 07337814 (England and Wales)





ACCOUNTANTS: A C Mole LLP
Stafford House
Blackbrook Park Avenue
Taunton
Somerset
TA1 2PX

New Energy Farms EU Limited (Registered number: 07337814)

Balance Sheet
30 November 2024

2024 2023
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 537,236 401,286

CURRENT ASSETS
Debtors 5 152,607 265,996
Cash at bank 535,087 173,304
687,694 439,300
CREDITORS
Amounts falling due within one year 6 290,341 142,282
NET CURRENT ASSETS 397,353 297,018
TOTAL ASSETS LESS CURRENT
LIABILITIES

934,589

698,304

CREDITORS
Amounts falling due after more than one
year

7

(205,871

)

(211,950

)

PROVISIONS FOR LIABILITIES 9 (8,681 ) (7,628 )
NET ASSETS 720,037 478,726

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 719,837 478,526
720,037 478,726

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

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

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 28 August 2025 and were signed on its behalf by:





Dr P A Carver - Director


New Energy Farms EU Limited (Registered number: 07337814)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

New Energy Farms EU 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover includes government funding relating to innovation & research. This funding is recognised in the period to which it relates.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on reducing balance

Fixed assets are initially measured at cost, and subsequently at cost less accumulated depreciation, and impairment.

Financial instruments
i) Financial assets
Basic financial assets, including trade and other receivables and cash and bank balances are initially recognised at transaction price and subsequently measured at amortised cost.

At the balance sheet date financial assets are assessed for evidence of impairment. If an asset is impaired the impairment loss is recognised in the income statement.

ii) Financial liabilities
Basic financial liabilities, including trade and other payables and bank loans, are initially recognised at transaction price and subsequently measured at amortised 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.

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 year 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.

New Energy Farms EU Limited (Registered number: 07337814)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

2. ACCOUNTING POLICIES - continued

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Capital grants
Where funding has been received in respect of capital expenditure, this income is deferred and released to profit and loss on a systematic basis over the expected useful life of the relating asset.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 December 2023 338,842 134,492 473,334
Additions - 193,875 193,875
At 30 November 2024 338,842 328,367 667,209
DEPRECIATION
At 1 December 2023 10,165 61,883 72,048
Charge for year 6,777 51,148 57,925
At 30 November 2024 16,942 113,031 129,973
NET BOOK VALUE
At 30 November 2024 321,900 215,336 537,236
At 30 November 2023 328,677 72,609 401,286

Where government funding has been received in respect of capital expenditure, this income is deferred and released to profit and loss on a systematic basis over the expected useful life of the relating asset.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Trade debtors 21,473 145,467
Other debtors 131,134 120,529
152,607 265,996

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Bank loans and overdrafts 6,344 6,609
Trade creditors 41,010 73,973
Taxation and social security 50,505 7,422
Other creditors 192,482 54,278
290,341 142,282

New Energy Farms EU Limited (Registered number: 07337814)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
as restated
£    £   
Bank loans 205,871 211,950

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 180,494 185,513

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
as restated
£    £   
Bank loans 212,215 218,559

The mortgage is secured over the freehold property to which it relates.

9. PROVISIONS FOR LIABILITIES
2024 2023
as restated
£    £   
Deferred tax 8,681 7,628

Deferred
tax
£   
Balance at 1 December 2023 7,628
Charge to Income Statement during year 1,053
Balance at 30 November 2024 8,681

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2024 and 30 November 2023:

2024 2023
as restated
£    £   
Dr P A Carver
Balance outstanding at start of year 1,700 1,639
Amounts advanced - 142
Amounts repaid (213 ) (81 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,487 1,700

M F F Carver
Balance outstanding at start of year - -
Amounts advanced 457 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 457 -

The loan to Mr M Carver was repaid within nine months of the balance sheet date.