REGISTERED NUMBER: 13532525 (England and Wales)

Teesside Green Energy Park Ltd

Unaudited Financial Statements for the Year Ended 31st December 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C D Hammond

D Pope

REGISTERED OFFICE:

Office 71

The Colchester Centre

Hawkins Road

Colchester

Essex

CO2 8JX

REGISTERED NUMBER:

13532525 (England and Wales)

ACCOUNTANTS:

Smailes Goldie

Chartered Accountants

Regent's Court

Princess Street

Hull

East Yorkshire

HU2 8BA

FIXED ASSETS

Tangible assets

4

11,977,288

7,388,421

CURRENT ASSETS

Debtors

5

457,198

714,501

Cash at bank

498,597

28,893

955,795

743,394

CREDITORS

Amounts falling due within one year

6

2,833

67,653

NET CURRENT ASSETS

952,962

675,741

TOTAL ASSETS LESS CURRENT LIABILITIES

12,930,250

8,064,162

CREDITORS

Amounts falling due after more than one year

7

13,525,606

8,229,774

NET LIABILITIES

(595,356

)

(165,612

)

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

(595,456

)

(165,712

)

SHAREHOLDERS' FUNDS

(595,356

)

(165,612

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 by the Board of Directors and authorised for issue on 9th September 2025 and were signed on its behalf by:

C D Hammond - Director

1.	STATUTORY INFORMATION

Teesside Green Energy Park Ltd 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.

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.

Going concern

The company is reliant on group funding to complete the project and reach commercial production which will ultimately allow the company to generate sufficient cash to sustain itself as a going concern for the foreseeable future. These financial statements have been prepared on the going concern basis on the understanding that the company will continue to be financially supported during the period of plant construction.

Tangible fixed assets

Tangible fixed assets consist of pre-construction costs in relation to the construction of an energy recovery facility which have been incurred since incorporation. Depreciation on assets is calculated using the straight-line method to allocate the cost to their residual values over their estimated useful lives. Assets are not depreciated until they are brought into use. Land is not depreciated.

Debtors

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.

Cash and cash equivalents

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.

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Land and

Pre-construction

buildings

costs

Totals

£

£

£

COST

At 1st January 2024

5,239,500

2,148,921

7,388,421

Additions

-

4,588,867

4,588,867

At 31st December 2024

5,239,500

6,737,788

11,977,288

NET BOOK VALUE

At 31st December 2024

5,239,500

6,737,788

11,977,288

At 31st December 2023

5,239,500

2,148,921

7,388,421

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed by group undertakings

446,076

626,337

Other debtors

11,122

88,164

457,198

714,501

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

293

66,153

Other creditors

2,540

1,500

2,833

67,653

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Amounts owed to group undertakings

13,525,606

8,229,774

8.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary

£1

100

100

9.	ULTIMATE CONTROLLING PARTY

The company is controlled by Solar 21 Renewable Energy Limited, a company registered in Ireland, of which M Bradley is the majority shareholder.