Contents of the Financial Statements

for the Period Ended 31 December 2024

Directors' report period ended 31 December 2024

The directors present their report with the financial statements of the company for the period ended 31 December 2024

Directors

The director shown below has held office during the whole of the period from
1 January 2024 to 31 December 2024

The director shown below has held office during the period of
1 January 2024 to 25 July 2024

The director shown below has held office during the period of
11 December 2024 to 31 December 2024

The director shown below has held office during the period of
24 July 2024 to 11 December 2024

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
5 June 2025

And signed on behalf of the board by:
Name: Hardev Virdee
Status: Director

Profit And Loss Account

for the Period Ended 31 December 2024

Balance sheet

As at 31 December 2024

The notes form part of these financial statements

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.

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

The notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 31 December 2024

• 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

  Turnover policy

  Turnover represents amounts receivable for services provided in the UK. Income is recognised in the accounts on an accruals basis.

  Other accounting policies

  Accounting policies PTC Renewable Energy Limited is a private company, limited by shares, domiciled in England and Wales, registration number 10847365. The registered office is The Clarence Centre, 6 St George’s Circus, London SE1 6FE. Basis of preparation These financial statements have been prepared under the historical cost convention in accordance with the Companies Act 2006 and FRS102, the Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland, as applicable to smaller entities. The functional currency of PTC Renewable Energy Limited is considered to be in pounds sterling because that is the currency of the primary economic environment in which the Company operates. The financial statements are presented in pounds sterling. These financial statements for PTC Renewable Energy Limited are for the year to 31 December 2024. Going concern After reviewing the consolidated cash forecasts of the trading solar energy businesses that together benefit from the loan to Community Energy Together Limited, the Directors of PTC Renewable Energy Limited have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. The Company therefore continues to adopt the going concern basis in preparing its financial statements. Turnover Turnover represents amounts receivable for services provided in the UK. Income is recognised in the accounts on an accruals basis. Expenditure Expenditure of the Company comprises of administration costs. Expenditure is recognised in the period in which it relates. Financial assets and liabilities Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument. Additionally, all financial assets and liabilities are classified according to the substance of the contractual arrangements entered into. Financial assets and liabilities are initially measured at transaction price (including transaction costs) and are subsequently re-measured where applicable at amortised cost. Investments in joint venture Investments are initially recognised at cost and reviewed annually for impairment. PTC Renewable Energy Limited hold a 50% share of CORE LLP (OC418078), a limited liability partnership registered in England and Wales. The investment in the joint venture has been consolidated into the ultimate parent Power to Change Trust. The financial statements for Power to Change Trust (Registered Charity number: 1159982) can be found on the Charities Commission website. Tax The Company’s liability for tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Gift aid donations to the parent company The retained profit for the year will be donated in full to the Company’s ultimate parent undertaking, Power to Change Trust, after the year end.

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