EMC - Energy Market Consultants (UK) Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 05633579 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

EMC - ENERGY MARKET CONSULTANTS (UK)

LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Sir R P Clayton

R N Anderson

A R Mason

SECRETARY:

Sir R P Clayton

REGISTERED OFFICE:

133 Aldersgate Street

London

EC1A 4JA

REGISTERED NUMBER:

05633579 (England and Wales)

SENIOR STATUTORY AUDITOR:

Shailesh Patel FCA

AUDITORS:

Macalvins Limited

Chartered Accountants

and Statutory Auditors

7 St John's Road

Harrow

Middlesex

HA1 2EY

BANKERS:

Barclays Bank

Oxford Circus Branch

15 Great Portland Street

London

W1A 4TR

FIXED ASSETS

Tangible assets

4

170,713

195,911

CURRENT ASSETS

Debtors

5

1,314,355

1,342,202

Cash at bank and in hand

3,198,588

2,488,910

4,512,943

3,831,112

CREDITORS

Amounts falling due within one year

6

2,505,932

2,550,493

NET CURRENT ASSETS

2,007,011

1,280,619

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,177,724

1,476,530

PROVISIONS FOR LIABILITIES

7

11,426

10,506

NET ASSETS

2,166,298

1,466,024

CAPITAL AND RESERVES

Called up share capital

8

150,000

Retained earnings

2,016,298

1,316,024

SHAREHOLDERS' FUNDS

2,166,298

1,466,024

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 5 September 2025 and were signed on its behalf by:

Sir R P Clayton - Director

1.	STATUTORY INFORMATION

EMC - Energy Market Consultants (UK) 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

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue 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 services

Revenue from a contract to provide services is recognised in the period in which the 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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Leasehold Improvements - 10 years straight line method

Fixtures, fittings & equipment - 20% reducing balance

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2023 - 23 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures,

Leasehold

fittings

Improvements

& equipment

Totals

£

COST

At 1 January 2024

257,291

412,924

670,215

Additions

-

12,453

At 31 December 2024

257,291

425,377

682,668

DEPRECIATION

At 1 January 2024

113,401

360,903

474,304

Charge for year

25,729

11,922

37,651

At 31 December 2024

139,130

372,825

511,955

NET BOOK VALUE

At 31 December 2024

118,161

52,552

170,713

At 31 December 2023

143,890

52,021

195,911

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade debtors

688,409

740,912

Amounts owed by group undertakings

581,013

552,113

Other debtors

13,663

7,666

Prepayments and accrued income

31,270

41,511

1,314,355

1,342,202

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Fees received in advance

1,432,007

1,499,307

Trade creditors

12,436

23,327

Corporation Tax payable

320,283

258,713

Social security and other taxes

51,477

154,783

VAT

2,916

9,844

Other creditors

44,130

38,194

Credit card

-

1,416

Accrued expenses

642,683

564,909

2,505,932

2,550,493

7.	PROVISIONS FOR LIABILITIES

2024

2023

£

Deferred tax

Accelerated capital allowances

10,308

Tax losses carried forward

1,118

198

11,426

10,506

Deferred

tax

£

Balance at 1 January 2024

10,506

Provided during year

920

Accelerated capital allowance

Balance at 31 December 2024

11,426

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

15,000

Ordinary

£10

150,000

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Shailesh Patel FCA (Senior Statutory Auditor)

for and on behalf of Macalvins Limited

10.	RELATED PARTY DISCLOSURES

Energy International Limited (BVI) holds the head lease on the building that EMC-Energy Market Consultants (UK) Ltd occupies. There is no formal lease in place between the two parties, however there is an understanding that EMC-Energy Market Consultants (UK) Ltd will pay for all the facilities costs, including ground rent on behalf of Energy International Limited (BVI) as it occupies the building.

EMC-Energy Market Consultants (UK) Ltd and Energy International Limited (BVI) are related by virtue of having a common director.

During the year EMC-Energy Market Consultants (UK) Ltd provided consultancy services worth £1,477,157 (2023:£1,403,659 ) to Facts Global Energy Pte Ltd (Singapore).

As at 31 December 2024 EMC-Energy Market Consultants (UK) Ltd was owed £581,013 (2023: £552,113) by Facts Global Energy Pte Ltd (Singapore).

As at 31 December 2024, EMC-Energy Market Consultants (UK) Ltd was wholly owned subsidiary of Facts Global Energy Pte Ltd (Hong Kong).

11.	POST BALANCE SHEET EVENTS

On 15 January 2025, the entire shareholding of the Company held by Facts Global Energy Limited was acquired by Foyle Bidco Limited. On the same date, the Company issued an additional 71,818 ordinary shares of $0.01 each, which were allotted to Foyle Bidco Limited. As a result of these transactions, Foyle Bidco Limited became the sole shareholder of the Company. On 5 February 2025 Foye Bidco Limited also acquired NexantECA (BVI) Limited, and merged the former Facts Global Energy Limited group with the former NexantECA (BVI) Limited group.

The merger will create a unified organisation offering comprehensive market insights and consultancy services across the energy and chemicals industries. The merger, facilitated by a strategic investment from TA Associates, combines the Company's market intelligence in crude oil, refined products, natural gas liquids and gas/LNG with NexantECA's expertise in energy and chemicals. The combined entity aims to enhance its global reach and strengthen its market influence, particularly in the green energy and chemicals sectors. The merger is expected to provide significant synergies and growth opportunities, leveraging the strengths of both companies to deliver enhanced value to client.

On 15 January 2025, the following changes occurred in the Board of Directors:

- Mr Robert Neal Anderson and Mr Andrew Robert Mason were appointed as directors of the company.

- Dr Fereidun Fesharaki and Dr Tomoki Hosoe resigned as directors of the company.

12.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is MAAT Estates Corporation Limited, OMC Chambers, PO Box 3152, Road Town, Tortola, British Virgin Islands