REGISTERED NUMBER: 13770467 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

LEAP 24 UK LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

P Schlichting

REGISTERED OFFICE:

One Bartholomew Close

London

United Kingdom

EC1A 7BL

REGISTERED NUMBER:

13770467 (England and Wales)

ACCOUNTANTS:

Cooper Parry Advisory Limited

First Floor, Davidson House

Forbury Square

Reading

Berkshire

RG1 3EU

FIXED ASSETS

Tangible assets

4

4,467,745

2,393,066

CURRENT ASSETS

Stocks

21,830

-

Debtors

5

766,053

219,342

Cash at bank

24,479

129,988

812,362

349,330

CREDITORS

Amounts falling due within one year

6

7,059,186

3,482,410

NET CURRENT LIABILITIES

(6,246,824

)

(3,133,080

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,779,079

)

(740,014

)

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

(1,779,179

)

(740,114

)

SHAREHOLDERS' FUNDS

(1,779,079

)

(740,014

)

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 director acknowledges his 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 and authorised for issue by the director and authorised for issue on 25 September 2025 and were signed by:

P Schlichting - Director

1.	STATUTORY INFORMATION

Leap 24 Uk 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 financial statements are rounded to the nearest £.

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.

Related party exemption

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.

Turnover

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue from a contract to provide electric charging is recognised in the period in which the electricity is provided and when the amount of revenue can be measured reliably.

Tangible fixed assets

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

Freehold property

-

10% on cost

Motor vehicles

-

Straight line over 3 years

Computer equipment

-

Straight line over 4 years

Freehold land is not depreciated on the grounds that the estimated residual value is sufficiently large to make any depreciation charge immaterial. The deprecation on all other freehold costs are calculated to assume the assets will have a residual value of 10%.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 accounts have been prepared using the going concern basis due to the continuing support of the parent company. In making the assessment the parent company has reviewed the working capital requirements of the company for the period ended twelve months from the date of approval of the accounts.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Motor

Computer

property

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2024

2,309,819

89,798

3,373

2,402,990

Additions

2,703,262

63,554

2,099

2,768,915

Disposals

(580,496

)

(93,500

)

-

(673,996

)

At 31 December 2024

4,432,585

59,852

5,472

4,497,909

DEPRECIATION

At 1 January 2024

-

9,303

621

9,924

Charge for year

10,645

18,349

1,098

30,092

Eliminated on disposal

(68

)

(9,784

)

-

(9,852

)

At 31 December 2024

10,577

17,868

1,719

30,164

NET BOOK VALUE

At 31 December 2024

4,422,008

41,984

3,753

4,467,745

At 31 December 2023

2,309,819

80,495

2,752

2,393,066

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

as restated

£

£

Trade debtors

12,627

-

Other debtors

753,426

219,342

766,053

219,342

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

as restated

£

£

Bank loans and overdrafts

406

-

Trade creditors

468,666

504,626

Amounts owed to group undertakings

6,525,374

2,966,484

Taxation and social security

9,205

5,387

Other creditors

55,535

5,913

7,059,186

3,482,410

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

as restated

£

£

Within one year

42,533

-

Between one and five years

32,195

-

74,728

-

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

as restated

£

£

10,000

Ordinary

£0.01

100

100

9.	ULTIMATE CONTROLLING PARTY

The Company's immediate and ultimate parent undertaking, as well as the ultimate controlling party, is Leap 24 B.V., a company incorporated in the Netherlands