Registration number: 03955762

Mezaro Energy Limited

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 6

Mezaro Energy Limited

(Registration number: 03955762)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	1,075	1,434
Other financial assets	5	76,088	65,768
		77,163	67,202
Current assets
Debtors	6	1,010	22,927
Cash at bank and in hand		74,962	1,183
		75,972	24,110
Creditors: Amounts falling due within one year	7	(29,133)	(22,200)
Net current assets		46,839	1,910
Net assets		124,002	69,112
Capital and reserves
Called up share capital		1	1
Retained earnings		124,001	69,111
Shareholders' funds		124,002	69,112

For the financial 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.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 11 September 2025
 

Mr C Hughes-Rees Director

Mezaro Energy Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Chelmers
Old Mill Lane
Bray
Maidenhead
Berkshire
SL6 2BG

These financial statements were authorised for issue by the director on 11 September 2025.

2	Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the company, and rounded to the nearest £.

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rates prevailing on the initial transaction dates.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Mezaro Energy Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the Balance Sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction, over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Website	25% straight line
Office equipment	25% reducing balance

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Fair value is calculated by reference to the quoted market price in an active market at the end of each period.

Dividends on equity securities are recognised in income when receivable.

Debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Mezaro Energy Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

A dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year was 1 (2023 - 1).

Mezaro Energy Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4	Tangible assets

	Office equipment £	Website £	Total £
Cost or valuation
At 1 January 2024	6,692	4,000	10,692
At 31 December 2024	6,692	4,000	10,692
Depreciation
At 1 January 2024	5,258	4,000	9,258
Charge for the year	359	-	359
At 31 December 2024	5,617	4,000	9,617
Carrying amount
At 31 December 2024	1,075	-	1,075
At 31 December 2023	1,434	-	1,434

5	Financial assets (current and non-current)

	Financial assets at fair value £	Total £
Non-current financial assets
Valuation
At 1 January 2024	65,768	65,768
Fair value adjustments	(953)	(953)
Additions	362,128	362,128
Disposals	(350,855)	(350,855)
At 31 December 2024	76,088	76,088
Carrying amount
At 31 December 2024	76,088	76,088
At 31 December 2023	65,768	65,768

The listed investments are held at their fair value at 31 December 2024.

The historic cost of the listed investments at 31 December 2024 was £77,040 (2023 - £65,074).

Mezaro Energy Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

6

Debtors

	2024 £	2023 £
Trade debtors	-	21,766
Other debtors	1,010	1,161
	1,010	22,927

7

Creditors

Due within one year	2024 £	2023 £
Amounts due to related parties	20,721	18,950
Social security and other taxes	5,162	-
Accruals	3,250	3,250
	29,133	22,200

8	Related party transactions

Summary of transactions with key management

The director continued to provide the company with a loan during the year which was interest free and repayable on demand. At the balance sheet date the amount owed by the company was £20,721 (2023 - £18,950).