GRIDSERVE ELECTRIC HUBS LIMITED

Company Registration Number:
12472975 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2024

Period of accounts

Start date: 01 January 2024

End date: 31 December 2024

GRIDSERVE ELECTRIC HUBS LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2024

Balance sheet
Notes

GRIDSERVE ELECTRIC HUBS LIMITED

Balance sheet

As at 31 December 2024


Notes

2024

2023


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 31,265,669 15,796,317
Investments:   0 0
Total fixed assets: 31,265,669 15,796,317
Current assets
Stocks: 0 0
Debtors:   5,323,615 7,764,392
Cash at bank and in hand: 570,940 216,756
Investments:   0 0
Total current assets: 5,894,555 7,981,148
Creditors: amounts falling due within one year: 4 (5,364,356) (5,053,311)
Net current assets (liabilities): 530,199 2,927,837
Total assets less current liabilities: 31,795,868 18,724,154
Creditors: amounts falling due after more than one year:   (33,872,562) (19,406,617)
Provision for liabilities: 0 0
Total net assets (liabilities): (2,076,694) (682,463)
Capital and reserves
Called up share capital: 1,000 1,000
Share premium account: 0 0
Revaluation reserve: 00
Other reserves: 0 0
Profit and loss account: (2,077,694) (683,463)
Shareholders funds: (2,076,694) (682,463)

The notes form part of these financial statements

GRIDSERVE ELECTRIC HUBS LIMITED

Balance sheet statements

For the year ending 31 December 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 01 September 2025
and signed on behalf of the board by:

Name: David Mel Zuydam
Status: Director

The notes form part of these financial statements

GRIDSERVE ELECTRIC HUBS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

Turnover policy

Revenue is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services provided in the normal course of business, net of discounts, VAT and other sales-related taxes. Revenue from the supply of energy is recognised at the point in time the customer obtains control of the energy, which is generally at the time of consumption.

Tangible fixed assets and depreciation policy

Property, plant and equipment is stated at historical cost less accumulated depreciation and impairment. Historical cost includes expenditure that is directly attributable to bringing the asset to its working condition for its intended use, dismantling and restoration costs and borrowing costs capitalised. Development costs are classified as assets under construction and stated at cost. They are reclassified and depreciated once the developments are complete. Depreciation is calculated to write off the net cost of each item of property, plant and equipment (excluding land) over their expected useful lives as follows : Plant and machinery - Depreciated over 15 years The residual values useful lives and depreciation methods are reviewed, and adjusted if appropriate, at each reporting date. An item of property, plant and equipment is derecognised upon disposal or when there is no future economic benefit to the Company Gains and losses between the carrying amount and the disposal proceeds are taken to profit or loss.

GRIDSERVE ELECTRIC HUBS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

2. Employees

2024 2023
Average number of employees during the period 0 0

GRIDSERVE ELECTRIC HUBS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Tangible Assets

Total
Cost £
At 01 January 2024 16,064,805
Additions 16,632,908
Disposals 0
Revaluations 0
Transfers 0
At 31 December 2024 32,697,713
Depreciation
At 01 January 2024 268,488
Charge for year 1,163,556
On disposals 0
Other adjustments 0
At 31 December 2024 1,432,044
Net book value
At 31 December 2024 31,265,669
At 31 December 2023 15,796,317

GRIDSERVE ELECTRIC HUBS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Creditors: amounts falling due within one year note

The Company has a liability to the GRIDSERVE Group of £28,664,106.