Silverfin false false 30/11/2024 01/12/2023 30/11/2024 Mrs J Bartrum-Lang Mr J R Bodington 17/05/2019 Mrs S M Bodington 17/05/2019 Mr S Boyce Mr A T Brooks 17/05/2019 Ms A M Farmer 16/01/2025 17/05/2019 Mr F A Hall 15/04/2024 17/05/2019 Mr R S Junges 18/03/2022 Mr A J E McManus 03/07/2025 29 August 2025 The principal activity of the company is that of a holding company and provision of software services. 12002337 2024-11-30 12002337 bus:Director2 2024-11-30 12002337 bus:Director3 2024-11-30 12002337 bus:Director5 2024-11-30 12002337 bus:Director6 2024-11-30 12002337 bus:Director7 2024-11-30 12002337 bus:Director8 2024-11-30 12002337 bus:Director9 2024-11-30 12002337 2023-11-30 12002337 core:CurrentFinancialInstruments 2024-11-30 12002337 core:CurrentFinancialInstruments 2023-11-30 12002337 core:ShareCapital 2024-11-30 12002337 core:ShareCapital 2023-11-30 12002337 core:SharePremium 2024-11-30 12002337 core:SharePremium 2023-11-30 12002337 core:RetainedEarningsAccumulatedLosses 2024-11-30 12002337 core:RetainedEarningsAccumulatedLosses 2023-11-30 12002337 core:ComputerSoftware 2023-11-30 12002337 core:PatentsTrademarksLicencesConcessionsSimilar 2023-11-30 12002337 core:ComputerSoftware 2024-11-30 12002337 core:PatentsTrademarksLicencesConcessionsSimilar 2024-11-30 12002337 core:OfficeEquipment 2023-11-30 12002337 core:OfficeEquipment 2024-11-30 12002337 core:CostValuation 2023-11-30 12002337 core:CostValuation 2024-11-30 12002337 bus:OrdinaryShareClass1 2024-11-30 12002337 2023-12-01 2024-11-30 12002337 bus:FilletedAccounts 2023-12-01 2024-11-30 12002337 bus:SmallEntities 2023-12-01 2024-11-30 12002337 bus:AuditExemptWithAccountantsReport 2023-12-01 2024-11-30 12002337 bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 12002337 bus:Director1 2023-12-01 2024-11-30 12002337 bus:Director2 2023-12-01 2024-11-30 12002337 bus:Director3 2023-12-01 2024-11-30 12002337 bus:Director4 2023-12-01 2024-11-30 12002337 bus:Director5 2023-12-01 2024-11-30 12002337 bus:Director6 2023-12-01 2024-11-30 12002337 bus:Director7 2023-12-01 2024-11-30 12002337 bus:Director8 2023-12-01 2024-11-30 12002337 bus:Director9 2023-12-01 2024-11-30 12002337 core:ComputerSoftware core:BottomRangeValue 2023-12-01 2024-11-30 12002337 core:ComputerSoftware core:TopRangeValue 2023-12-01 2024-11-30 12002337 core:OfficeEquipment core:TopRangeValue 2023-12-01 2024-11-30 12002337 2022-12-01 2023-11-30 12002337 core:ComputerSoftware 2023-12-01 2024-11-30 12002337 core:PatentsTrademarksLicencesConcessionsSimilar 2023-12-01 2024-11-30 12002337 core:OfficeEquipment 2023-12-01 2024-11-30 12002337 bus:OrdinaryShareClass1 2023-12-01 2024-11-30 12002337 bus:OrdinaryShareClass1 2022-12-01 2023-11-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 12002337 (England and Wales)

AES SUSTAINABILITY LIMITED

Unaudited Financial Statements
For the financial year ended 30 November 2024
Pages for filing with the registrar

AES SUSTAINABILITY LIMITED

Unaudited Financial Statements

For the financial year ended 30 November 2024

Contents

AES SUSTAINABILITY LIMITED

BALANCE SHEET

As at 30 November 2024
AES SUSTAINABILITY LIMITED

BALANCE SHEET (continued)

As at 30 November 2024
Note 2024 2023
£ £
Fixed assets
Intangible assets 3 136,439 94,371
Tangible assets 4 1,666 0
Investments 5 3,063,796 3,063,796
3,201,901 3,158,167
Current assets
Debtors 6 33,352 693,350
Cash at bank and in hand 62,030 107,220
95,382 800,570
Creditors: amounts falling due within one year 7 ( 1,120,408) ( 2,804,386)
Net current liabilities (1,025,026) (2,003,816)
Total assets less current liabilities 2,176,875 1,154,351
Net assets 2,176,875 1,154,351
Capital and reserves
Called-up share capital 8 2,000 2,000
Share premium account 48,000 48,000
Profit and loss account 2,126,875 1,104,351
Total shareholders' funds 2,176,875 1,154,351

For the financial year ending 30 November 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of AES Sustainability Limited (registered number: 12002337) were approved and authorised for issue by the Board of Directors on 29 August 2025. They were signed on its behalf by:

Mr A T Brooks
Director
AES SUSTAINABILITY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2024
AES SUSTAINABILITY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2024
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

AES Sustainability 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 4b Oaklands Court Tiverton Way, Tiverton Business Park, Tiverton, EX16 6TG, United Kingdom.

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 directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due 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 in section 399 of the Companies Act 2006 not to prepare consolidated accounts, because the group it heads qualifies as small. The financial statements present information about the Company as an individual entity only.

Turnover

Turnover represents management charges and income from software services received from subsidiary companies. Revenue is received upon delivery of service.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Computer software 3 - 5 years straight line
Trademarks, patents and licences not amortised
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Office equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Investments
Investments in equity shares which are not publicly traded and where fair value cannot be measured
reliably are measured at cost less impairment.
Dividends on equity securities are recognised in income when receivable.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 18 14

3. Intangible assets

Computer software Trademarks, patents
and licences
Total
£ £ £
Cost
At 01 December 2023 117,964 0 117,964
Additions 73,359 4,800 78,159
At 30 November 2024 191,323 4,800 196,123
Accumulated amortisation
At 01 December 2023 23,593 0 23,593
Charge for the financial year 36,091 0 36,091
At 30 November 2024 59,684 0 59,684
Net book value
At 30 November 2024 131,639 4,800 136,439
At 30 November 2023 94,371 0 94,371

4. Tangible assets

Office equipment Total
£ £
Cost
At 01 December 2023 0 0
Additions 2,140 2,140
At 30 November 2024 2,140 2,140
Accumulated depreciation
At 01 December 2023 0 0
Charge for the financial year 474 474
At 30 November 2024 474 474
Net book value
At 30 November 2024 1,666 1,666
At 30 November 2023 0 0

5. Fixed asset investments

Investments in subsidiaries

2024
£
Cost
At 01 December 2023 3,063,796
At 30 November 2024 3,063,796
Carrying value at 30 November 2024 3,063,796
Carrying value at 30 November 2023 3,063,796

6. Debtors

2024 2023
£ £
Amounts owed by Group undertakings 0 667,278
Prepayments 7,226 26,072
Other debtors 26,126 0
33,352 693,350

7. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 89,032 7,268
Amounts owed to Group undertakings 50,760 1,715,830
Other loans 0 343,001
Accruals and deferred income 51,529 46,190
Taxation and social security 526,957 319,684
Other creditors 402,130 372,413
1,120,408 2,804,386

8. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
2,000 Ordinary shares of £ 1.00 each 2,000 2,000