ARC Power Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 09341979 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

ARC POWER LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J A Hurst-Croft

K F Boyce

J A Ashley

R M Bouma

L Josefsson

SECRETARY:

J A Ashley

REGISTERED OFFICE:

77b High Street

Reigate

RH2 9AH

REGISTERED NUMBER:

09341979 (England and Wales)

ACCOUNTANTS:

Brown McLeod Limited

Chartered Accountants

The Old Workshop

1 Ecclesall Road South

Sheffield

South Yorkshire

S11 9PA

FIXED ASSETS

Tangible assets

4

10,572

13,057

Investments

5

2,138,861

2,149,433

2,151,918

CURRENT ASSETS

Debtors

6

1,396,005

1,181,016

Cash at bank

60,300

1,813

1,456,305

1,182,829

CREDITORS

Amounts falling due within one year

7

117,464

1,925,061

NET CURRENT ASSETS/(LIABILITIES)

1,338,841

(742,232

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

3,488,274

1,409,686

CREDITORS

Amounts falling due after more than one
year

8

31,069

38,103

NET ASSETS

3,457,205

1,371,583

CAPITAL AND RESERVES

Called up share capital

70,332

52,448

Share premium

6,054,382

3,922,468

Retained earnings

(2,667,509

)

(2,603,333

)

3,457,205

1,371,583

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 29 August 2025 and were signed on its behalf by:

K F Boyce - Director

1.	STATUTORY INFORMATION

ARC Power 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.

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.

Fixtures & fittings - 20% on cost

Computer equipment - 20% on cost

Motor vehicles - 20% on cost

Investments in subsidiaries

Investments in subsidiary 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Motor

Computer

vehicles

equipment

Totals

£

COST

At 1 January 2024

6,700

9,926

16,626

Additions

-

2,576

At 31 December 2024

6,700

12,502

19,202

DEPRECIATION

At 1 January 2024

2,122

1,447

3,569

Charge for year

1,339

3,722

5,061

At 31 December 2024

3,461

5,169

8,630

NET BOOK VALUE

At 31 December 2024

3,239

7,333

10,572

At 31 December 2023

4,578

8,479

13,057

5.	FIXED ASSET INVESTMENTS

31.12.24

31.12.23

£

Shares in group undertakings

1,959,083

Other loans

179,778

2,138,861

Additional information is as follows:

Shares in

group

undertakings

£

COST

At 1 January 2024

and 31 December 2024

1,959,083

NET BOOK VALUE

At 31 December 2024

1,959,083

At 31 December 2023

1,959,083

Other

debtors >

5 years

£

At 1 January 2024

and 31 December 2024

179,778

The company owns the whole of issued capital of ARC Power Malawi, a company incorporated in the Republic of Malawi, and 75.73% of ARC Power Rwanda Ltd, a company incorporated in the Republic of Rwanda.

The other debtor over 5 years of £179,778 relates to a long term developer loan from ARC Power Rwanda.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Other debtors

1,396,005

1,181,016

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Bank loans and overdrafts

7,034

1,040,185

Trade creditors

34,438

46,513

Taxation and social security

9,865

8,873

Other creditors

66,127

829,490

117,464

1,925,061

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.12.24

31.12.23

£

Bank loans

31,069

38,103

9.	PENSION COMMITMENTS

As at 31st December there were outstanding pension commitments of £640.60 (2023 - £513.66).

10.	RELATED PARTY DISCLOSURES

Karl Boyce, being a director, is a related party of the following Companies:-

During the year, ARC Group Global Ltd has charged the management charges of £30,798.34 (2023: £91,984.76) company. As at December 2024, the Company owed £62,800 (2023: £820,175) to ARC Group Global Ltd.

As at December 2024, the Company owed £Nil (2023: £Nil) to ARC Ride (UK) Limited.

As at December 2024, the Company owed £1,112 (2023: £1,112) to Karl Boyce in Other Creditors and £Nil (2023: £2,400) in Trade Creditors.

The Company paid Natasha Boyce, being the wife of Karl Boyce, £9,600 (2023: £8,850) for Social Media Management. As at December 2024, the Company owed £Nil (2023: £Nil) to Natasha Boyce.

As at December 2024, the Company is owed £13,554 (2023: £10,842) from ARC Build Global Limited.

As at December 2024, the Company is owed £634,366 (2023: £460,540) from ARC Power Mozambique.

As at December 2024, the Company is owed £1,549 (2023: £1,549) from ARC Power Malawi.

As at December 2024, the Company is owed £83,369 (2023: £13,177) from ARC Power Zambia.

As at December 2024, the Company is owed £640,205 (2023: £636,502) from ARC Power Rwanda.

John Ashley, being a director is a related party.

As at December 2024, the Company owed £25,456 (2023: £39,914) to John Ashley through his Company Driftworld Limited.

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Karl Boyce by virtue of shareholdings.