REGISTERED NUMBER: 13256269 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

ONE PLANET DEVELOPMENTS PORTFOLIO 1 LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J A Benitez Mora

M J D Campbell

D G Peill

R Rao

REGISTERED OFFICE:

Biddlesgate Farm

Cranborne

Wimborne

BH21 5RS

REGISTERED NUMBER:

13256269 (England and Wales)

SENIOR STATUTORY AUDITOR:

Simon Medcalf FCA

AUDITORS:

Xeinadin Audit Limited

Beckwith Barn

Warren Estate

Lordship Road

Writtle

Essex

CM1 3WT

FIXED ASSETS

Investments

6

15

18

CURRENT ASSETS

Debtors

7

2,678,036

1,759,473

Cash at bank

217,142

602,812

2,895,178

2,362,285

CREDITORS

Amounts falling due within one year

8

17,699

227,439

NET CURRENT ASSETS

2,877,479

2,134,846

TOTAL ASSETS LESS CURRENT LIABILITIES

2,877,494

2,134,864

CREDITORS

Amounts falling due after more than one year

9

3,642,552

2,699,764

NET LIABILITIES

(765,058

)

(564,900

)

CAPITAL AND RESERVES

Called up share capital

10

10

10

Retained earnings

(765,068

)

(564,910

)

SHAREHOLDERS' FUNDS

(765,058

)

(564,900

)

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 17 February 2025 and were signed on its behalf by:

M J D Campbell - Director

1.	STATUTORY INFORMATION

One Planet Developments Portfolio 1 Ltd 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 (£).

Amounts are rounded to the nearest Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Going concern

The company has net liabilities at the balance sheet date. Included in creditors due in more than one year is an amount of £3,032,181 (2023: £2,423,548) owed to a joint venture parent company. The loan facility is provided to fund the development of the group's various projects with the loan being repayable in full on the final maturity date.

The company is not currently utilising the full loan facility that is available to draw down on and believe that support will continue to be provided by the joint venture parent for the foreseeable future.

Taking into account a period of at least 12 months from the date of approval of these financial statements, the Directors have a reasonable expectation that the company has adequate resource to continue in operational existence for the foreseeable future, and for this reason continue to adopt the going concern basis for the preparation of the financial statements.

Preparation of consolidated financial statements

The financial statements contain information about One Planet Developments Portfolio 1 Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Significant judgements and estimates

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

The only key judgements or sources of estimation uncertainty relate to the various projects currently being developed by the group. The recoverability of any amounts advanced to other group companies to fund the various projects, is underpinned by the viability of that project. The nature of the projects mean they are long term in nature and the outcome in the early stages can be uncertain.

Projects are considered to be viable unless planning is refused with no prospect of a successful appeal or it otherwise becomes apparent that it is no longer commercially viable at which point the project is terminated and any unrecoverable amounts recognised in the profit and loss account.

Turnover

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

Revenue consists of the recharge of costs incurred in developing the project. This revenue is recognised when invoiced.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investments in joint ventures

An entity is treated as a joint venture where the company is party to a contractual agreement with one or more third parties to undertake an economic activity that is subject to joint control. Investments in joint ventures are included in the financial statements at cost less any provision for impairment.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from third parties, loans to related parties and investments in non-puttable ordinary shares.

Debt instruments such as loans, accounts receivable and payable are initially measured at present value and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to paid or received.

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.

Impairment of non-financial assets

At each reporting date non-financial assets not carried at fair value, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount of any asset, being the higher of value in use and the fair value less cost to sell, is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in profit or loss.

If an impairment loss is subsequently reversed, the carrying amount of the asset or group of related assets is increased to the revised estimate of its recoverable amount, but not to exceed the amount that would have been determined had no impairment loss been recognised for the asset or group of related assets in prior periods. A reversal of an impairment loss is recognised immediately in profit or loss.

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount.

Finance income

Interest income is recognised in profit or loss using the effective interest method.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

4.	EMPLOYEES AND DIRECTORS

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

5.	AUDITORS' REMUNERATION

2024

2023

£

£

Fees payable to the company's auditors for the audit of the company's financial statements

7,480

13,450

Other non- audit services

-

10,320

6.	FIXED ASSET INVESTMENTS

Shares in

Interest

group

in joint

undertakings

venture

Totals

£

£

£

COST

At 1 January 2024

14

4

18

Disposals

(3

)

-

(3

)

At 31 December 2024

11

4

15

NET BOOK VALUE

At 31 December 2024

11

4

15

At 31 December 2023

14

4

18

At the balance sheet date the company's investments in its Subsidiaries and Joint Ventures included the following

Subsidiaries

Registered office: Biddlesgate Farm, Cranborne, Wimborne, England, BH21 5RS

Nature of business: Development of energy production and trading businesses.

Class of shares

% Holding

Iladia Limited

Ordinary

100%

Aghagower Limited

Ordinary

100%

Carravindoon Limited

Ordinary

100%

Conagan Limited

Ordinary

100%

Mingau Limited

Ordinary

100%

Raghery Limited

Ordinary

100%

Idalia Limited

Ordinary

100%

Jaydowe Limited

Ordinary

100%

Ratherforde Limited

Ordinary

100%

Longworthy Limited

Ordinary

100%

Sarhadt Limited

Ordinary

100%

During the year the following subsidiary companies were dissolved:

Class of shares

% Holding

Endurawatt Limited

Ordinary

100%

Kebble Limited

Ordinary

100%

Carravinally Limited

Ordinary

100%

Joint Ventures

Registered office: Biddlesgate Farm, Cranborne, Wimborne, England, BH21 5RS

Nature of business: Development of energy production and trading businesses.

Class of shares

% Holding

Arvense Limited

Ordinary

50%

Bailoh Limited

Ordinary

50%

Ancleggan Limited

Ordinary

50%

Asaltern Limited

Ordinary

50%

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed by group undertakings

2,191,403

1,195,339

Amounts owed by joint ventures

475,067

457,994

Other debtors

11,566

106,140

2,678,036

1,759,473

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

359

11,699

Taxation and social security

3,893

191,970

Other creditors

13,447

23,770

17,699

227,439

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Amounts owed to group undertakings

3,032,181

2,423,548

Other creditors

610,371

276,216

3,642,552

2,699,764

The amounts due to group undertakings represent an interest bearing, unsecured loan facility provided by the joint venture parent Viridi Re Development GmbH.

Other creditors falling due in more than one year represent interest on the loan facility and associated charges, these sums only becoming due for payment on the completion of a project or the maturity of the loan.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

1,000

Ordinary

£0.01

10

10

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

The Report of the Auditors was unqualified.

Simon Medcalf FCA (Senior Statutory Auditor)

for and on behalf of Xeinadin Audit Limited

12.	RELATED PARTY DISCLOSURES

During the year the following transactions were charged from One Planet Developments Limited, a company related due to its shareholding in One Planet Developments Portfolio 1 Ltd.

2024

2023

£

£

Recharge of project costs (Work in progress)

-

155,178

Invoiced charges

32,332

85,750

Interest offset due

150,875

98,646

183,207

339,574

£

£

Included in other creditors falling due in more than one year

(288,983

)

(138,108

)

Included in amounts owed to group undertakings

50,784

5,565

Amounts due to related party

(238,199

)

(132,543

)

During the year the following transactions were charged from Viridi Re Developments GmbH, a Company related due to its shareholding in One Planet Developments Portfolio 1 Ltd.

2024

2023

£

£

Interest due

183,280

98,646

183,280

98,646

£

£

Included in other creditors falling due in more than one year

(321,388

)

(138,108

)

Included in amounts owed to group undertakings

(3,032,181

)

(2,423,548

)

Amounts due to related party

(3,353,569

)

(2,561,656

)