ACE CLEAN ENERGY LTD

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 08317150

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Investments	4		1,239,784		2,140,518

			1,239,784		2,140,518
CURRENT ASSETS
Debtors	5	409,800		592,761
Investments		203,854		-
Cash at bank and in hand		935,454		48,044

		1,549,108		640,805
Creditors: Amounts Falling Due Within One Year	6	(32,217 )		(110,994 )

NET CURRENT ASSETS (LIABILITIES)			1,516,891		529,811

TOTAL ASSETS LESS CURRENT LIABILITIES			2,756,675		2,670,329

NET ASSETS			2,756,675		2,670,329

CAPITAL AND RESERVES
Called up share capital	7		100		100
Profit and Loss Account			2,756,575		2,670,229

SHAREHOLDERS' FUNDS			2,756,675		2,670,329

Page 1

Page 2

ACE CLEAN ENERGY LTD

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Ms Martina Turner

Director

26th September 2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

ACE CLEAN ENERGY LTD is a private company, limited by shares, incorporated in England & Wales, registered number 08317150 . The registered office is 3rd Floor, Norvin House, 45-55 Commercial Street, London, E1 6BD.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. 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 is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Foreign Currencies

Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.5. Taxation

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

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income 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.

Current or deferred tax for the year is recognised in profit or loss, except when they related 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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2023: NIL)

4. Investments

	Unlisted
	£
Cost
As at 1 January 2024	2,140,518
Disposals	(900,734 )

As at 31 December 2024	1,239,784

Provision
As at 1 January 2024	-

As at 31 December 2024	-

...CONTINUED

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Page 4

ACE CLEAN ENERGY LTD

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

Net Book Value
As at 31 December 2024	1,239,784

As at 1 January 2024	2,140,518

5. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	-	196,361
Prepayments and accrued income	1,800	-
Called up share capital not paid	100	100

	1,900	196,461
Due after more than one year
Other debtors	407,900	396,300

	409,800	592,761

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Corporation tax	30,717	103,809
Accruals and deferred income	1,500	7,185

	32,217	110,994

7. Share Capital

	2024	2023
	£	£
Called Up Share Capital not Paid	100	100

Amount of Allotted, Called Up Share Capital	100	100

8. Financial Instruments

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