Registration number: 13467563

Starlight Energy Holding Ltd

Contents

Company Information	1
Balance Sheet	2
Notes to the Financial Statements	3 to 9

Starlight Energy Holding Ltd

Company Information

Directors

Mr A Beolchini Mr M F Bonte-Friedheim Mr Massimo Della Bruna Mr Ghaith Yasminh

Company secretary

Laggan Secretaries limited

Registered office

5th Floor, North Side 7/10 Chandos Street London W1G 9DQ

Auditors

MGR Weston Kay LLP 55 Loudoun Road St. John's Wood London NW8 0DL

Starlight Energy Holding Ltd

(Registration number: 13467563)
Balance Sheet as at 31 December 2024

	Note	2024 £	(As restated) 2023 £
Fixed assets
Investments	4	27,244,129	19,611,700
Current assets
Debtors	5	267,433	790,925
Cash at bank and in hand		36,951	41,070
		304,384	831,995
Creditors: Amounts falling due within one year	6	(26,912,508)	(20,966,345)
Net current liabilities		(26,608,124)	(20,134,350)
Total assets less current liabilities		636,005	(522,650)
Creditors: Amounts falling due after more than one year	6	(443,202)	-
Net assets/(liabilities)		192,803	(522,650)
Capital and reserves
Called up share capital	7	100	100
Retained earnings		192,703	(522,750)
Shareholders' funds/(deficit)		192,803	(522,650)

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 29 September 2025 and signed on its behalf by:
 

......................................... Mr M F Bonte-Friedheim Director

Starlight Energy Holding Ltd

Notes to the Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
5th Floor, North Side
7/10 Chandos Street
London
W1G 9DQ

These financial statements were authorised for issue by the Board on 29 September 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

The financial statement are prepared in sterling, which is the functional currency of the company. Monetary
amounts in these financial statements are rounded to the nearest £.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Starlight Energy Holding Ltd

Notes to the Financial Statements for the Year Ended 31 December 2024

Audit report

The Independent Auditor's Report was unqualified.

The name of the Senior Statutory Auditor who signed the audit report on 29 September 2025 was Sarah Yardley BSc ACA, who signed for and on behalf of MGR Weston Kay LLP .

.........................................

Prior period errors

During 2024 restatement journals have been posted in relation to the reclassification of the balance due from Starlight LP to investments, and the removal of the loss recognised from Starlight LP. The following table summarises the impact on the financial statements:

	As previously reported £	Adjustment £	As restated £
Retained earnings	(1,236,455)	713,705	(522,750)
Share of profit/loss in assocites (2022&2023)	713,705	(713,705)	-
Amounts owed by group undertakings	18,947,997	(18,947,997)	-
Investments	1	19,611,699	19,611,700

Judgements

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Critical judgements

The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements.

Page 4

Starlight Energy Holding Ltd

Notes to the Financial Statements for the Year Ended 31 December 2024

Deferred consideration for investments made in the year

During the year the company invested in the subsidiary, Starlight Energy Operations UK Limited. As part of this acquisition there was an element of deferred consideration that is contingent on certain conditions. It has been assessed that the likelihood of this consideration being payable is probable and it can be measured reliability and has therefore been recognised in the year.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

Financial instruments

Classification
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
 

Starlight Energy Holding Ltd

Notes to the Financial Statements for the Year Ended 31 December 2024

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Derecognition of financial liabilities
Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

4	Investments

	2024 £	(As restated) 2023 £
Investments in subsidiaries	4,951,392	-
Other Investments	22,292,737	19,611,700
	27,244,129	19,611,700

Starlight Energy Holding Ltd

Notes to the Financial Statements for the Year Ended 31 December 2024