Earth Source Hydrogen Limited Company accounts

COMPANY REGISTRATION NUMBER: 13817935

Earth Source Hydrogen Limited

Unaudited Financial Statements

31 December 2024

Earth Source Hydrogen Limited

Financial Statements

Year ended 31 December 2024

Contents	Page

Directors' report	1

Statement of comprehensive income	3

Statement of financial position	4

Statement of changes in equity	5

Notes to the financial statements	6

Earth Source Hydrogen Limited

Directors' Report

Year ended 31 December 2024

The directors present their report and the unaudited financial statements of the company for the year ended 31 December 2024 .

Directors

The directors who served the company during the year were as follows:

Mr DA MacNiven
Mr DW Donald
Mr KG Willams
Lord M Howard
Mr DAJ Biggs
Mr LA Van Wachem

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board of directors on 18 September 2025 and signed on behalf of the board by:

Mr DAJ Biggs

Director

Registered office:

2nd Floor

55 Ludgate Hill

London

UK

EC4M 7JW

Earth Source Hydrogen Limited

Statement of Comprehensive Income

Year ended 31 December 2024

	2024	2023
Note	£	£
Turnover	20,475	–

	--------	----
Gross profit	20,475	–

Administrative expenses	174,862	136,233
	---------	---------
Operating loss	( 154,387)	( 136,233)

Other interest receivable and similar income	2,291	–
	---------	---------
Loss before taxation	( 152,096)	( 136,233)

Tax on loss	–	–
	---------	---------
Loss for the financial year and total comprehensive income	( 152,096)	( 136,233)
	---------	---------

All the activities of the company are from continuing operations.

The company has no other recognised items of income and expenses other than the results for the year as set out above.

Earth Source Hydrogen Limited

Statement of Financial Position

31 December 2024

	2024	2023
Note	£	£

Current assets

Debtors: due within one year	5	1,200	8,931
Debtors: due after more than one year	5	426,686	129,274
Cash at bank and in hand		195,637	6,741
		---------	---------
		623,523	144,946

Creditors: amounts falling due within one year	6	34,972	304,441
		---------	---------
Net current assets/(liabilities)		588,551	( 159,495)
		---------	---------
Total assets less current liabilities		588,551	( 159,495)
		---------	---------
Net assets/(liabilities)		588,551	( 159,495)
		---------	---------

Capital and reserves

Called up share capital	900,342	200
Profit and loss account	( 311,791)	( 159,695)
	---------	---------
Shareholders funds/(deficit)	588,551	( 159,495)
	---------	---------

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

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

These financial statements were approved by the board of directors and authorised for issue on 18 September 2025 , and are signed on behalf of the board by:

Mr DAJ Biggs

Director

Company registration number: 13817935

Earth Source Hydrogen Limited

Statement of Changes in Equity

Year ended 31 December 2024

	Called up share capital	Profit and loss account	Total
	£	£	£
At 1 January 2023	200	( 23,462)	( 23,262)

Loss for the year		( 136,233)	( 136,233)
	----	---------	---------
Total comprehensive income for the year	–	( 136,233)	( 136,233)

At 31 December 2023	200	( 159,695)	( 159,495)

Loss for the year		( 152,096)	( 152,096)
	----	---------	---------
Total comprehensive income for the year	–	( 152,096)	( 152,096)

Issue of shares	900,142	–	900,142
	---------	----	---------
Total investments by and distributions to owners	900,142	–	900,142

	---------	---------	---------
At 31 December 2024	900,342	( 311,791)	588,551
	---------	---------	---------

Earth Source Hydrogen Limited

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 2nd Floor, 55 Ludgate Hill, London, EC4M 7JW, UK.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Disclosure exemptions

The entity satisfies the criteria of being a small entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions: (a) No cash flow statement has been presented for the company. (b) Disclosures in respect of financial instruments have not been presented. (c) Disclosures in respect of share-based payments have not been presented. (d) No disclosure has been given for the aggregate remuneration of key management personnel.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Financial instruments

Basic financial instruments are initially recognised at the transaction price. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately .

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).

5. Debtors

Debtors falling due within one year are as follows:

	2024	2023
	£	£
Other debtors	1,200	8,931
	-------	-------

Debtors falling due after one year are as follows:

	2024	2023
	£	£
Amounts owed by group undertakings and undertakings in which the company has a participating interest	426,686	122,381
Other debtors	–	6,893
	---------	---------
	426,686	129,274
	---------	---------

Amounts owed by group undertakings and undertakings in which the company has a participating interest have no repayment terms and are interest free.

6. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	19,857	6,892
Social security and other taxes	2,450	–
Other creditors	12,665	297,549
	--------	---------
	34,972	304,441
	--------	---------