ACCOUNTS - Final Accounts preparation

Registered number: 14073343

FLEXION ENERGY SPV 1 LTD

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

FLEXION ENERGY SPV 1 LTD

REGISTERED NUMBER: 14073343

BALANCE SHEET

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£

Fixed assets
Tangible assets	4		78,103		-
			78,103		-
Current assets
Debtors: amounts falling due within one year	5	-		100
Cash at bank and in hand	6	12,220		-
		12,220		100
Creditors: amounts falling due within one year	7	(115,873)		(14,950)
Net current liabilities			(103,653)		(14,850)
Total assets less current liabilities			(25,550)		(14,850)

Net liabilities			(25,550)		(14,850)

Capital and reserves
Called up share capital	100	100
Profit and loss account	(25,650)	(14,950)
	(25,550)	(14,850)

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FLEXION ENERGY SPV 1 LTD

REGISTERED NUMBER: 14073343

BALANCE SHEET (CONTINUED)

AS AT 31 DECEMBER 2024

The Directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

S J Green

Director

Date: 8 September 2025

The notes on pages 3 to 5 form part of these financial statements.

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FLEXION ENERGY SPV 1 LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

Flexion Energy SPV 1 Ltd is a private company, limited by shares, registered in England and Wales, registered number 14073343. The registered office address is 27 Old Gloucester Street, London, United Kingdom, WC1N 3AX.
The Company's functional and presentational currency is GBP. The accounts are presented to the nearest whole £.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Going concern

The Company meets its day-to-day working capital requirements through financing as provided by the ultimate parent undertaking. The ultimate parent undertaking has provided a letter of support and will continue to provide the necessary financial support to the Company for at least fifteen months from the date of signing these financial statements. The Company therefore continues to adopt the going concern basis in preparing its financial statements.

2.3

Tangible fixed assets

Tangible fixed assets under the cost model 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.

Depreciation is provided on the following basis:

Assets under construction

Not depreciated until brought into use

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.

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FLEXION ENERGY SPV 1 LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are 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.

2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3.	Employees
	The Company has no employees, and the Directors did not receive any remuneration (2023 - £NIL).

4.	Tangible fixed assets

		Assets under construction
		£
	Cost or valuation
	Additions	78,103
	At 31 December 2024	78,103

	Net book value
	At 31 December 2024	78,103
	At 31 December 2023	-

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FLEXION ENERGY SPV 1 LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Debtors

					2024	2023
					£	£


Amounts owed by group undertakings	-	100

6.	Cash and cash equivalents
		2024	2023
		£	£

	Cash at bank and in hand	12,220	-

7.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Amounts owed to group undertakings	112,673	550
Accruals and deferred income	3,200	14,400
	115,873	14,950

8.	Related party transactions
	The Company has taken advantage of the exemption in FRS 102 Section 33.1 to not disclose transactions with wholly owned group entities.

9.	Controlling party

The Company is a wholly owned subsidiary of Flexion Energy Holdings UK Ltd, a company which is incorporated and registered in England and Wales.
As at 31 December 2024, the ultimate controlling party of the Company is ion Ventures Holdings Ltd,

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