IRIS Accounts Production v25.2.0.378 08416646 Board of Directors 1.3.24 28.2.25 28.2.25 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh084166462024-02-29084166462025-02-28084166462024-03-012025-02-28084166462023-02-28084166462023-03-012024-02-29084166462024-02-2908416646ns15:EnglandWales2024-03-012025-02-2808416646ns14:PoundSterling2024-03-012025-02-2808416646ns10:Director12024-03-012025-02-2808416646ns10:PrivateLimitedCompanyLtd2024-03-012025-02-2808416646ns10:SmallEntities2024-03-012025-02-2808416646ns10:AuditExempt-NoAccountantsReport2024-03-012025-02-2808416646ns10:SmallCompaniesRegimeForDirectorsReport2024-03-012025-02-2808416646ns10:SmallCompaniesRegimeForAccounts2024-03-012025-02-2808416646ns10:FullAccounts2024-03-012025-02-2808416646ns10:Director22024-03-012025-02-2808416646ns10:Director32024-03-012025-02-2808416646ns10:Director42024-03-012025-02-2808416646ns10:Director52024-03-012025-02-2808416646ns10:Director62024-03-012025-02-2808416646ns10:RegisteredOffice2024-03-012025-02-2808416646ns5:CurrentFinancialInstruments2025-02-2808416646ns5:CurrentFinancialInstruments2024-02-2908416646ns5:Non-currentFinancialInstruments2025-02-2808416646ns5:Non-currentFinancialInstruments2024-02-2908416646ns5:ShareCapital2025-02-2808416646ns5:ShareCapital2024-02-2908416646ns5:SharePremium2025-02-2808416646ns5:SharePremium2024-02-2908416646ns5:RetainedEarningsAccumulatedLosses2025-02-2808416646ns5:RetainedEarningsAccumulatedLosses2024-02-2908416646ns5:PlantMachinery2024-02-2908416646ns5:ComputerEquipment2024-02-2908416646ns5:PlantMachinery2024-03-012025-02-2808416646ns5:ComputerEquipment2024-03-012025-02-2808416646ns5:PlantMachinery2025-02-2808416646ns5:ComputerEquipment2025-02-2808416646ns5:PlantMachinery2024-02-2908416646ns5:ComputerEquipment2024-02-2908416646ns5:CostValuation2024-02-2908416646ns5:AdditionsToInvestments2025-02-2808416646ns5:DisposalsRepaymentsInvestments2025-02-2808416646ns5:CostValuation2025-02-2808416646ns5:WithinOneYearns5:CurrentFinancialInstruments2025-02-2808416646ns5:WithinOneYearns5:CurrentFinancialInstruments2024-02-2908416646ns5:WithinOneYear2025-02-2808416646ns5:WithinOneYear2024-02-2908416646ns5:BetweenOneFiveYears2025-02-2808416646ns5:BetweenOneFiveYears2024-02-2908416646ns5:AllPeriods2025-02-2808416646ns5:AllPeriods2024-02-2908416646ns10:Director222024-02-2908416646ns10:Director222023-02-2808416646ns10:Director222024-03-012025-02-2808416646ns10:Director222023-03-012024-02-2908416646ns10:Director222025-02-2808416646ns10:Director222024-02-29084166466ns10:Director62024-02-29084166466ns10:Director62023-02-28084166466ns10:Director62024-03-012025-02-28084166466ns10:Director62023-03-012024-02-29084166466ns10:Director62025-02-28084166466ns10:Director62024-02-29
REGISTERED NUMBER: 08416646 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

LUMINOUS ENERGY GROUP LIMITED

LUMINOUS ENERGY GROUP LIMITED (REGISTERED NUMBER: 08416646)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 28 February 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LUMINOUS ENERGY GROUP LIMITED

COMPANY INFORMATION
for the year ended 28 February 2025







DIRECTORS: D K Bryson
P C Chivers
J A Orchard-Lisle
R C Dawson
G Lavarack
A J Mcaleavey





REGISTERED OFFICE: Hartham Park
Hartham Lane
Corsham
Wiltshire
SN13 0RP





REGISTERED NUMBER: 08416646 (England and Wales)





ACCOUNTANTS: Magma Audit LLP
16 Davy Court
Castle Mound Way
Rugby, CV23 0UZ
Magma Audit LLP is part
Of the Dains Group

LUMINOUS ENERGY GROUP LIMITED (REGISTERED NUMBER: 08416646)

BALANCE SHEET
28 February 2025

2025 2024
Notes £    £   
FIXED ASSETS
Tangible assets 4 6,244 7,156
Investments 5 69 69
6,313 7,225

CURRENT ASSETS
Debtors 6 14,965,408 8,778,521
Cash at bank 407,698 716,883
15,373,106 9,495,404
CREDITORS
Amounts falling due within one year 7 (320,168 ) (154,826 )
NET CURRENT ASSETS 15,052,938 9,340,578
TOTAL ASSETS LESS CURRENT
LIABILITIES

15,059,251

9,347,803

CREDITORS
Amounts falling due after more than one
year

8

(1,979

)

(13,958

)
NET ASSETS 15,057,272 9,333,845

LUMINOUS ENERGY GROUP LIMITED (REGISTERED NUMBER: 08416646)

BALANCE SHEET - continued
28 February 2025

2025 2024
Notes £    £   

CAPITAL AND RESERVES
Called up share capital 10 143 114
Share premium 4,061,370 41,986
Retained earnings 10,995,759 9,291,745
15,057,272 9,333,845

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 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 Profit and Loss Account 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:





A J Mcaleavey - Director


LUMINOUS ENERGY GROUP LIMITED (REGISTERED NUMBER: 08416646)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 28 February 2025


1. STATUTORY INFORMATION

Luminous Energy Group Limited is a limited company, limited by shares, registered in England and Wales. Its registered office address is Hartham Park, Hartham Lane, Corsham, Wiltshire, SN13 0RP and the registered number is 08416646.

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.

The presentational currency of the financial statements is Pound sterling (£) and figures are rounding to the nearest £1.

Preparation of consolidated financial statements
The company and its subsidiaries form a small group. The company is therefore not required to produce consolidated financial statements and has not done so. These financial statements present information about the company as a single entity.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of goods and services
Revenue from a contract to provide goods and services is recognised in the period in which the goods and services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

- the amount of revenue can be measured reliably;
- it is probable that the Company will receive the consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be measured reliably; and
- the costs incurred and the costs to complete the contract can be measured reliably.

Tangible fixed assets
Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated
impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using either a straight line or reducing balance method, as indicated below.

Depreciation is provided on the following basis:



Plant and machinery
33
%

Straight line

Fixtures and fittings
33
%

Straight line

Computer equipment
33
%

Straight line


The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss

LUMINOUS ENERGY GROUP LIMITED (REGISTERED NUMBER: 08416646)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 28 February 2025


2. ACCOUNTING POLICIES - continued

Financial instruments
(i) Financial assets

Basic financial assets, including trade and other debtors, cash and bank balances are initially recognised at transaction price, 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.

Such assets are subsequently carried at amortised cost using the effective interest rate method.

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors 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.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Taxation
The tax expense for the year comprises current and deferred tax.

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:
- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Both current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Investments in subsidiaries and associates
Investments in the subsidiary companies are held at cost less accumulated impairment losses.

Cash and cash equivalents
Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2024 - 9 ) .

LUMINOUS ENERGY GROUP LIMITED (REGISTERED NUMBER: 08416646)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 28 February 2025


4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 March 2024 1,889 9,758 11,647
Additions - 3,825 3,825
At 28 February 2025 1,889 13,583 15,472
DEPRECIATION
At 1 March 2024 619 3,872 4,491
Charge for year 629 4,108 4,737
At 28 February 2025 1,248 7,980 9,228
NET BOOK VALUE
At 28 February 2025 641 5,603 6,244
At 29 February 2024 1,270 5,886 7,156

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 March 2024 18,399
Additions 6
Disposals (6 )
At 28 February 2025 18,399
PROVISIONS
At 1 March 2024
and 28 February 2025 18,330
NET BOOK VALUE
At 28 February 2025 69
At 29 February 2024 69

Subsidiary undertakings

The following were subsidiary undertakings of the Company:

Name Country of incorporation Class of shares Holding
Columboola BESS Nominees Pty Ltd Australia Ordinary shares 100%
Columboola Solar Farm OpCo2 Pty Ltd Australia Ordinary shares 100%
Luminous Energy PTY Limited Australia Ordinary shares 100%
Springwell Energyfarm Limited England and Wales Ordinary shares 38%
Luminous Energy UK Ltd England and Wales Ordinary shares 100%
Luminous Energy Nominees England and Wales Ordinary shares 100%
Luminous Energy Corporation USA Ordinary shares 100%
Luminous Energy Deutschland GmbH Germany Ordinary shares 100%

LUMINOUS ENERGY GROUP LIMITED (REGISTERED NUMBER: 08416646)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 28 February 2025


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Amounts owed by group undertakings 14,900,053 8,726,981
Other debtors 65,355 51,540
14,965,408 8,778,521

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 11,951 11,922
Trade creditors 48,563 53,978
Amounts owed to group undertakings - 6
Taxation and social security 29,067 53,019
Other creditors 230,587 35,901
320,168 154,826

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Bank loans 1,979 13,958

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2025 2024
£    £   
Within one year 63,426 51,251
Between one and five years 53,265 25,625
116,691 76,876

10. CALLED UP SHARE CAPITAL

Allotted, issued and partially paid:
No of shares Share type Nominal Value 2025 2024
£ £
66,827 A Ordinary £0.001 67 84
28,100 B Ordinary £0.001 28 30
10,133 C Ordinary £0.001 10 -
1,900 D Ordinary £0.001 2 -
2,921 E1 Ordinary £0.001 3 -
16,056 E2 Ordinary £0.001 16 -
17,173 F Ordinary £0.0001 2 -
17,173 Freezer Shares £0.0009 15 -
143 114

LUMINOUS ENERGY GROUP LIMITED (REGISTERED NUMBER: 08416646)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 28 February 2025


11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 28 February 2025 and 29 February 2024:

2025 2024
£    £   
D K Bryson
Balance outstanding at start of year 30,700 30,700
Amounts advanced 84 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 30,784 30,700

G Lavarack
Balance outstanding at start of year - -
Amounts advanced 10,000 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 10,000 -

The loan is interest free and repayable upon demand.