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Registered number: 13492974
FLEXION ENERGY HOLDINGS UK LTD
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 DECEMBER 2024
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FLEXION ENERGY HOLDINGS UK LTD
REGISTERED NUMBER: 13492974
BALANCE SHEET
AS AT 31 DECEMBER 2024
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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FLEXION ENERGY HOLDINGS UK LTD
REGISTERED NUMBER: 13492974
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024
The Directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
................................................
Mr H Bali
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The notes on pages 4 to 6 form part of these financial statements.
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FLEXION ENERGY HOLDINGS UK LTD
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2024
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Shares issued during the year
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Shares issued during the year
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FLEXION ENERGY HOLDINGS UK LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Flexion Energy Holdings UK Ltd is a private company, limited by shares, registered in England and Wales, registered number 13492974. The registered office address is 27 Old Gloucester Street, London, United Kingdom, WC1N 3AX.
The Company's functional and presentational currency is GBP. The accounts are presented to the nearest whole £.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The following principal accounting policies have been applied:
The Company meets its day-to-day working capital requirements through financing as provided by the ultimate parent undertaking. The ultimate parent undertaking has provided a letter of support and will continue to provide the necessary financial support to the Company for at least fifteen months from the date of signing these financial statements. The Company therefore continues to adopt the going concern basis in preparing its financial statements.
Investments in subsidiaries are measured at cost less accumulated impairment.
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
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Cash and cash equivalents
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Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
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FLEXION ENERGY HOLDINGS UK LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
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The Company has no employees, and the Directors did not receive any remuneration (2023 - £NIL).
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Investments in subsidiary companies
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Amounts owed by group undertakings
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Other debtors include a deposit of £31,430 (2023 - £31,430) made in respect of capacity market credit cover.
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Cash and cash equivalents
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FLEXION ENERGY HOLDINGS UK LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
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Creditors: Amounts falling due within one year
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Amounts owed to group undertakings
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Related party transactions
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The Company has taken advantage of the exemption in FRS 102 Section 33.1 to not disclose transactions with wholly owned group entities.
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The ultimate controlling party of the Company is ion Ventures Holdings Ltd.
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