REGISTERED NUMBER: 09835856 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Osprey Energy Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R G S Sadler

J K Sadler

REGISTERED OFFICE:

29 Alma Road

Reigate

Surrey

RH2 0DH

REGISTERED NUMBER:

09835856 (England and Wales)

ACCOUNTANTS:

Nichols & Co ( Accountancy ) Limited

Chartered Accountants

Unit 7

Mulberry Place

Pinnell Road

Eltham

London

SE9 6AR

FIXED ASSETS

Tangible assets

4

650,873

700,087

Investments

5

1

1

650,874

700,088

CURRENT ASSETS

Debtors

6

42,618

36,500

Cash at bank

55,242

196,877

97,860

233,377

CREDITORS

Amounts falling due within one year

7

(710,531

)

(879,354

)

NET CURRENT LIABILITIES

(612,671

)

(645,977

)

TOTAL ASSETS LESS CURRENT LIABILITIES

38,203

54,111

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

9

38,103

54,011

SHAREHOLDERS' FUNDS

38,203

54,111

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 12 September 2025 and were signed on its behalf by:

R G S Sadler - Director

1.	STATUTORY INFORMATION

Osprey Energy 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.

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

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS

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

Computer equipment

-

25% on cost

Hydro power installations over 20 years (once power generation commences)

INVESTMENTS IN ASSOCIATES

Investments in associate undertakings are recognised at cost.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 April 2024

1,000,124

-

1,000,124

Additions

-

930

930

At 31 March 2025

1,000,124

930

1,001,054

DEPRECIATION

At 1 April 2024

300,037

-

300,037

Charge for year

50,006

138

50,144

At 31 March 2025

350,043

138

350,181

NET BOOK VALUE

At 31 March 2025

650,081

792

650,873

At 31 March 2024

700,087

-

700,087

5.	FIXED ASSET INVESTMENTS

Interest in

associate

undertakings

£

COST

At 1 April 2024

and 31 March 2025

1

NET BOOK VALUE

At 31 March 2025

1

At 31 March 2024

1

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

6,118

-

Prepayments and accrued income

36,500

36,500

42,618

36,500

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

6,819

-

Corporation tax

386

188

VAT

3,468

12,338

Other creditors

115,000

412,845

Interest on loan

130,588

-

Directors' current accounts

451,220

451,315

Accruals and deferred income

3,050

2,668

710,531

879,354

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal Value:

31.3.25

31.3.24

£

£

100

Ordinary

£1

100

100

Allotted:

Number:

Class:

Nominal Value:

31.3.25

31.3.24

£

£

0

Ordinary

£1

0

1,599,900

During the year, the company cancelled 1,599,900 unpaid ordinary shares with a nominal value of £1 each. These shares had not been fully paid and were formally removed from the company’s share capital register. The cancellation had no impact on the paid-up share capital of the company.

9.

RESERVES

Retained

earnings

£

At 1 April 2024

54,011

Deficit for the year

(15,908

)

At 31 March 2025

38,103

10.	RELATED PARTY DISCLOSURES

Included in creditors falling due within one year are loans advanced to the company by director,Mr R G S Sadler and Mrs J K Sadler amounting to £451,220 (2024: £451,315) There are no fixed term and no interest has been charged on the outstanding balance.

Included in creditors falling due within one year are separate loans from other investors associated with Mr and Mrs Sadler, totalling £115,000 (2024: £412,845). There are no fixed terms.

Interest of 5% has been accrued on the loan balances and amounts to £130,588.

The loans were advanced in order to fund the costs of constructing the hydro-electric projects.

11.	ULTIMATE CONTROLLING PARTY

There is no controlling party.