REGISTERED NUMBER: 09403614 (England and Wales)

RGE PROJECTS LTD

Unaudited 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

Eccelshall

Stafford

ST21 6JL

REGISTERED NUMBER:

09403614 (England and Wales)

ACCOUNTANTS:

Lancaster Haskins Limited

Granville House

2 Tettenhall Road

Wolverhampton

West Midlands

WV1 4SB

FIXED ASSETS

Tangible assets

4

-

2,510,439

CURRENT ASSETS

Stocks

-

57,453

Debtors

5

512,166

2,814,824

Cash at bank

73,390

15,360

585,556

2,887,637

CREDITORS

Amounts falling due within one year

6

-

3,492,506

NET CURRENT ASSETS/(LIABILITIES)

585,556

(604,869

)

TOTAL ASSETS LESS CURRENT LIABILITIES

585,556

1,905,570

CAPITAL AND RESERVES

Called up share capital

7

27,735

27,735

Share premium

2,782,622

2,782,622

Retained earnings

(2,224,801

)

(904,787

)

SHAREHOLDERS' FUNDS

585,556

1,905,570

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 18 September 2025 and were signed on its behalf by:

M Rooney - Director

1.	STATUTORY INFORMATION

RGE Projects 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 (£).

The principal activity of the company in the year under review was that of production of electricity from renewable sources.

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.

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 etc

-

Straight line over 10 years

Stocks

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 stocks to its present location and condition. Net realisable value represents the estimated selling price less costs to complete and sell, although stocks are typically consumed rather than sold.

Stocks are expensed to cost of sales when consumed in the generation process. No provision is made for

stocks 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 17 (2023 - 13 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 January 2024

3,737,123

Additions

79,878

Disposals

(1,594,253

)

Transfer to group undertakings

(2,222,748

)

At 31 December 2024

-

DEPRECIATION

At 1 January 2024

1,226,684

Charge for year

377,681

Eliminated on disposal

(1,225,123

)

Transfer to group undertakings

(379,242

)

At 31 December 2024

-

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

2,510,439

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

-

21,501

Amounts owed by group undertakings

512,166

2,742,008

Other debtors

-

51,315

512,166

2,814,824

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

-

512,022

Amounts owed to group undertakings

-

2,790,980

Taxation and social security

-

75,328

Other creditors

-

114,176

-

3,492,506

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

2,773,508

Ordinary

£0.01

27,735

27,735

8.	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.

9.	ULTIMATE CONTROLLING PARTY

The controlling party is Sustainable Energy Holdings Limited.

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.

10.	SIGNIFICANT EVENTS DURING THE YEAR

On 31 December 2024 the trade of the company, together with assets and liabilities were transferred to Sustainable Energy Developments Limited, its immediate parent company.

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