RGWP LIMITED

Company Registration Number:
NI626888 (Northern Ireland)

Unaudited abridged accounts for the year ended 31 December 2024

Period of accounts

Start date: 01 January 2024

End date: 31 December 2024

RGWP LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2024

Balance sheet
Notes

RGWP LIMITED

Balance sheet

As at 31 December 2024


Notes
2024
2023


£
£
Fixed assets
Tangible assets: 3 3,334,938 3,175,098
Total fixed assets: 3,334,938 3,175,098
Current assets
Stocks: 311,139 236,028
Debtors:   345,265 368,017
Cash at bank and in hand: 193,812 391,573
Total current assets: 850,216 995,618
Creditors: amounts falling due within one year:   (213,919) (407,491)
Net current assets (liabilities): 636,297 588,127
Total assets less current liabilities: 3,971,235 3,763,225
Creditors: amounts falling due after more than one year: 4 (2,180,899) (2,134,631)
Total net assets (liabilities): 1,790,336 1,628,594
Capital and reserves
Called up share capital: 1,920,928 1,920,928
Revaluation reserve:5596,118759,828
Profit and loss account: (726,710) (1,052,162)
Shareholders funds: 1,790,336 1,628,594

The notes form part of these financial statements

RGWP LIMITED

Balance sheet statements

For the year ending 31 December 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

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

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 29 September 2025
and signed on behalf of the board by:

Name: William Steele
Status: Director

The notes form part of these financial statements

RGWP LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.

Tangible fixed assets and depreciation policy

Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives: Plant & machinery 5% Computer equipment 20%

Other accounting policies

Research and development The business continues to develop new processes for generating electricity including testing, experimentation, product development and process improvement. The Directors have assessed projects eligible for R&D Tax Credits as; projects which seek to overcome uncertainty; spent time improving processes; and invested time to discover ways to create new processes. Expenditure on research and development is written off in the year in which it is incurred.

RGWP LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

2. Employees

2024 2023
Average number of employees during the period 0 0

RGWP LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Tangible Assets

Total
Cost £
At 01 January 2024 3,892,543
Additions 346,327
At 31 December 2024 4,238,870
Depreciation
At 01 January 2024 717,445
Charge for year 186,487
At 31 December 2024 903,932
Net book value
At 31 December 2024 3,334,938
At 31 December 2023 3,175,098

RGWP LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Creditors: amounts falling due after more than one year note

Bank loans 1,457,590 1,493,877 Obligations under finance leases and hire purchase contracts 323,309 78,783 Amounts owed to group undertakings and other participating interests 400,000 561,971

RGWP LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

5. Revaluation reserve

2024
£
Balance at 01 January 2024 759,828
Surplus or deficit after revaluation (163,710)
Balance at 31 December 2024 596,118

RGWP LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

6. Loans to directors

Name of director receiving advance or credit: William Steele
Description of the loan: Transactions with the Director.
£
Balance at 01 January 2024 0
Advances or credits made: 23,597
Advances or credits repaid: 17,821
Balance at 31 December 2024 5,776