REGISTERED NUMBER: SC595136 (Scotland)

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

CLAYFORDS ENERGY STORAGE LIMITED

Page

Company Information

1

Report of the Directors

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

6

Directors:

E W Mountney

T Virno

Registered office:

Foresight Group Llp Clarence House

133 George Street

Edinburgh

EH2 4JS

Registered number:

SC595136 (Scotland)

The directors present their report with the financial statements of the company for the year ended 31 December 2024.

Principal activity

The principal activity of the company in the year under review was that of Battery Storage.

Directors

E W Mountney and T Virno were appointed as directors after 31 December 2024 but prior to the date of this report.

S Ullah and J Hoadley ceased to be directors after 31 December 2024 but prior to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

On behalf of the board:

E W Mountney - Director

29 September 2025

Turnover

-

-

Administrative expenses

(26,223

)

(6,419

)

Operating loss

(26,223

)

(6,419

)

Income from participating interests

-

712

(26,223

)

(5,707

)

Interest payable and similar expenses

(153,578

)

(84,771

)

Loss before taxation

(179,801

)

(90,478

)

Tax on loss

70,091

-

Loss for the financial year

(109,710

)

(90,478

)

Fixed assets

Tangible assets

3

1,318,674

1,300,741

Current assets

Debtors

4

395,597

238,785

Cash at bank

149,824

4,568

545,421

243,353

Creditors

Amounts falling due within one year

5

(248,433

)

(94,855

)

Net current assets

296,988

148,498

Total assets less current liabilities

1,615,662

1,449,239

Creditors

Amounts falling due after more than one year

6

(1,938,831

)

(1,717,925

)

Net liabilities

(323,169

)

(268,686

)

Capital and reserves

Called up share capital

1

1

Share premium

55,227

-

Retained earnings

(378,397

)

(268,687

)

(323,169

)

(268,686

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by:

E W Mountney - Director

1.	Statutory information

Clayfords Energy Storage Limited is a private company, limited by shares , registered in Scotland. 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Going concern basis

After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

3.	Tangible fixed assets

Plant and

machinery

£

Cost

At 1 January 2024

1,300,741

Additions

17,933

At 31 December 2024

1,318,674

Net book value

At 31 December 2024

1,318,674

At 31 December 2023

1,300,741

4.

Debtors: amounts falling due within one year

31.12.24

31.12.23

£

£

Trade debtors

3,993

-

Other debtors

76,115

-

VAT

245,089

238,785

Deferred tax asset

70,091

-

Prepayments and accrued income

309

-

395,597

238,785

5.

Creditors: amounts falling due within one year

31.12.24

31.12.23

£

£

Amounts owed to group undertakings

248,433

94,855

6.

Creditors: amounts falling due after more than one year

31.12.24

31.12.23

£

£

Amounts owed to group undertakings

1,938,831

1,717,925

7.	Related party disclosures

At the end of the reporting period the company owed a long-term loan of £1,938,831 (2023 - £1,717,925) to Foresight Battery Storage Holding Limited, the parent company.

Interest payable is calculated at a flat rate of 8% and amounted to £153,578 (2023 - £84,771) during the reporting period. The interest payable balance at the end of the reporting period amounted to £248,433 (2023 - £94,855).

During the reporting period the aggregate cost of services provided by Foresight Asset Management Limited, in respect of asset management fees, amounted to £13,588 (2023 - £9,750), of which £nil (2023 - £nil) was outstanding at the end of the reporting period.

8.	Ultimate controlling party

The company's ultimate parents and controlling entities are Foresight Environmental Infrastructure Limited (formerly known as JLEN Environmental Assets Group Limited), a company incorporated in Guernsey, Channel Islands, with a registered address of 1 Royal Plaza, Royal Avenue, St Peter Port, Guernsey, GY1 2HL and Foresight Solar Fund Limited, a company incorporated in Jersey, with a registered address of 28 Esplanade St Helier Jersey, JE2 3QA.