1

General information

HyCap Midstream Company 2 Limited is a private company limited by shares and incorporated in England and Wales.

Its registered number is: 15474180

Its registered office is:

2

Accounting policies

Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

Investments

Trade and other debtors

3

Employees

2024

Number

The average monthly number of employees (including directors) during the period:

4

Investments

Other investments

Total

£

£

Cost or valuation

Additions

At 31 December 2024

Provisions/Impairment

Net book values

At 31 December 2024

Other investments represents a majority stake in HyKit Limited, a company registered in England and Wales.

5

Debtors

2024

£

Other debtors

6

Share Capital

On incorporation the company issued 100 £1.00 Ordinary shares, all of which are fully paid up at par.

On 14 June 2024, the company issued 500 £1.00 Ordinary shares, all of which are fully paid up at par.

7

Reserves

Capital contribution reserve

Total other reserves

£

£

Capital contributions received in the year

At 31 December 2024