REGISTERED NUMBER: 08475693 (England and Wales)

BLACK DOG BIOGAS LIMITED

Financial Statements for the Year Ended 31 December 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M Rooney

G P Hughes

REGISTERED OFFICE:

Eccleshall Biomass

Raleigh Hall Industrial Estate

Eccleshall

Stafford

ST21 6JL

REGISTERED NUMBER:

08475693 (England and Wales)

SENIOR STATUTORY AUDITOR:

James Roden BA FCA

AUDITORS:

Lancaster Haskins Limited

Granville House

2 Tettenhall Road

Wolverhampton

West Midlands

WV1 4SB

FIXED ASSETS

Tangible assets

4

2,703,066

1,958,936

CURRENT ASSETS

Stocks

839,196

729,179

Debtors

5

1,938,657

709,000

Cash at bank

473,207

397,283

3,251,060

1,835,462

CREDITORS

Amounts falling due within one year

6

6,965,363

5,064,684

NET CURRENT LIABILITIES

(3,714,303

)

(3,229,222

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,011,237

)

(1,270,286

)

CREDITORS

Amounts falling due after more than one year

7

28,483

35,310

NET LIABILITIES

(1,039,720

)

(1,305,596

)

CAPITAL AND RESERVES

Called up share capital

8

4,275,413

4,275,413

Retained earnings

(5,315,133

)

(5,581,009

)

SHAREHOLDERS' FUNDS

(1,039,720

)

(1,305,596

)

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 16 August 2025 and were signed on its behalf by:

M Rooney - Director

1.	STATUTORY INFORMATION

Black Dog Biogas 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.

The presentation currency of the financial statements is the Pound Sterling (£).

The principal activity of the company in the year under review was that of operating anaerobic digestion plants, which convert agricultural feedstocks into renewable electricity.

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.

Significant judgements and estimates

Management must make judgments, estimates, and assumptions about the carrying values of assets and liabilities that are not immediately apparent from other sources. These estimates and assumptions are based on historical experience and other relevant factors. Actual results may differ from these estimates.

The estimates and assumptions are continuously reviewed. Revisions to accounting estimates are recognised in the period of the revision if it affects only that period, or in both the period of the revision and future periods if it affects both current and future periods.

Specifically, management is required to exercise judgment and make estimates and assumptions about the carrying value of stocks, owing to the characteristics of the feedstocks stored at the clamp site.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Tangible fixed assets

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

Plant and machinery

-

Straight line over 20 years and Straight line over 15 years

Fixtures and fittings

-

25% on reducing balance

Stocks

Stocks comprise feedstock held for use in the generation of electricity.

Stocks are stated at the lower of cost and net realisable value. Cost includes all direct purchase costs and transportation expenses incurred in bringing the feedstock to its present location and condition. Net realisable value represents the estimated selling price less costs to complete and sell, although feedstock is typically consumed rather than sold.

Stocks are expensed to cost of sales when consumed in the generation process. No provision is made for feedstock held for immediate use unless there is evidence of impairment or obsolescence.

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.

Going concern

The financial statements have been prepared on a going concern basis which assumes that the Company will continue in operation for the foreseeable future, being a period of at least twelve months from the date of approval of the financial statements

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 January 2024

3,788,598

7,321

3,795,919

Additions

6,500

-

6,500

Transfer from group

undertakings

1,484,284

-

1,484,284

At 31 December 2024

5,279,382

7,321

5,286,703

DEPRECIATION

At 1 January 2024

1,830,419

6,564

1,836,983

Charge for year

232,797

189

232,986

Transfer from group

undertakings

513,668

-

513,668

At 31 December 2024

2,576,884

6,753

2,583,637

NET BOOK VALUE

At 31 December 2024

2,702,498

568

2,703,066

At 31 December 2023

1,958,179

757

1,958,936

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

27

276,334

Amounts owed by group undertakings

1,630,465

59,430

Other debtors

13,885

4,660

Prepayments and accrued income

294,280

368,576

1,938,657

709,000

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

5,306

5,096

Trade creditors

845,962

284,617

Amounts owed to group undertakings

5,725,544

4,484,175

Social security and other taxes

128

86,542

Accruals and deferred income

388,423

204,254

6,965,363

5,064,684

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans - 1-2 years

5,525

5,306

Bank loans - 2-5 years

17,983

17,270

Bank loans more 5 yr by instal

4,975

12,734

28,483

35,310

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

4,975

12,734

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

4,269,513

Ordinary

£1

4,269,513

4,269,513

590,022

Ordinary A

£0.01

5,900

5,900

4,275,413

4,275,413

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

The Report of the Auditors was unqualified.

James Roden BA FCA (Senior Statutory Auditor)

for and on behalf of Lancaster Haskins Limited

10.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

11.	ULTIMATE CONTROLLING PARTY

The controlling party is Sustainable Energy Holdings Limited.

In the opinion of the directors there is no ultimate controlling party, as no individual or group exercises overall

control of the parent company.

12.	GOING CONCERN

The Directors consider it appropriate to continue preparing the financial statements on a going concern basis.

At the reporting date, the company had net current liabilities and overall net liabilities. However, the Directors are confident that the company will be able to continue trading for at least 12 months from the date the audit report is signed.

This confidence is based on a review of the company’s financial position, including projected cash flows and funding requirements. The company has received confirmation of ongoing support from Pula Investments Limited, which has committed to providing suitable facilities to enable trading and support the company’s growth plans. Taking this support into account, the Directors are satisfied that the company has sufficient resources to continue operating for the foreseeable future.

During the year, a new management team was appointed to align operations with the group’s strategic objectives, enhance performance, and return the business to profitability. The team brings significant turnaround experience, with one Director being an associate member of the Institute for Turnaround (IFT).

The Directors have also confirmed that amounts owed to Group companies will not be demanded in a way that would adversely affect the company’s financial position.

In light of these factors, the Directors remain confident in the company’s ability to continue as a going concern.

13.	SIGNIFICANT EVENTS DURING THE YEAR

On 31 December 2024 the trade. together with assets and liabilities were transferred from RGE Advisory Limited (Formerly Bright Light Energy Limited), a fellow 100% owned group undertaking of Sustainable Energy Holdings Limited to the company.

The transfer was carried out to align the assets and operations within the company, thereby enhancing strategic decision-making and operational efficiency.