Registration number: 08963682

HoSt Bio-Energy UK Limited

Company Information

Directors

Mr H Klein Teeselink Mr M A F Te Braak Mr J Klein Teeselink

Registered office

Unit 2 South Cambridgeshire Business Park Sawston Cambridge CB22 3JH

Auditors

Hazlewoods LLP Staverton Court Staverton Cheltenham Gloucestershire GL51 0UX

HoSt Bio-Energy UK Limited

(Registration number: 08963682)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	103,165	60,655
Investments	5	170,000	-
		273,165	60,655
Current assets
Debtors	6	2,965,953	1,836,247
Cash at bank and in hand		297,122	3,072,879
		3,263,075	4,909,126
Creditors: Amounts falling due within one year	7	(2,316,648)	(4,650,220)
Net current assets		946,427	258,906
Total assets less current liabilities		1,219,592	319,561
Provisions	8	(77,802)	(134,074)
Deferred tax liabilities		(13,086)	(8,478)
Provisions for liabilities		(90,888)	(142,552)
Net assets		1,128,704	177,009
Capital and reserves
Called up share capital		100	100
Profit and loss account		1,128,604	176,909
Total Deficit		1,128,704	177,009

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been 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 24 September 2025 and signed on its behalf by:
 

Mr M A F Te Braak
Director

HoSt Bio-Energy UK Limited

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:
Unit 2
South Cambridgeshire Business Park
Sawston
Cambridge
CB22 3JH

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).

Basis of preparation

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

The presentational currency of the financial statements is Pounds Sterling, being the functional currency of the primary economic environment in which the company operates. Monetary amounts in these financial statements are rounded to the nearest Pound.

Name of parent of group
The parent of the smallest group preparing consolidated financial statements is HoSt Holding B.V. The registered office of HoSt Holding B.V. is Thermen 10, 7521 PS Enschede, The Netherlands.

Going concern

The financial statements have been prepared on a going concern basis, which assumes that the company will be able to continue trading in the foreseeable future. HoSt Holding B.V. has confirmed that amounts due to it in the twelve months from the date of approval of these financial statements will, if necessary, be deferred and, if required, further operational funds will be made available to the company.

On this basis, the directors consider it appropriate to prepare the financial statements on a going concern basis.

Critical accounting judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts 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 if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.
 

Judgements

No significant judgements have been made by management in preparing these financial statements.

HoSt Bio-Energy UK Limited

Notes to the Financial Statements for the Year Ended 31 December 2024 (continued)

2

Accounting policies (continued)

Key sources of estimation uncertainty
Gross amounts due from and to customers for contract work
Determining the amounts to be recorded in the profit and loss account in respect of contract work and the gross amounts due from and to customers for contract work requires an estimation of the stage of completion of the contract activity at the balance sheet date. The stage of completion is measured by the proportion that contract costs incurred for work to date bear to estimated total contract costs. The directors have significant experience in this estimation and monitor the balance on a regular basis.

Changes in accounting policy

The following have been applied for the first time from 1 January 2024 and have had an effect on the financial statements:

Revenue recognition and work in progress

During the year, the company changed its accounting policy regarding revenue recognition and work in progress in relation to servicing and maintenance contracts. This change was implemented to align with the accounting policies of the group.

Under the revised policy, income and related costs are now deferred over the period during which the service is delivered. Previously, income and costs relating to servicing and maintenance contracts were recognised when a sales or purchase invoice was raised or received.

The company believes that the revised policy provides more reliable and relevant information by better matching income and costs to the period in which the related services are performed.

The change in accounting policy has been applied retrospectively. However, while the impact on the prior year’s profit and loss account and the company’s net assets has been assessed as immaterial, it has not been practicable to accurately quantify the adjustment. As such, no restatement of comparative figures has been made.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts. The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Turnover from the supply of services includes the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable.

Where the outcome of a construction contract can be estimated reliably, revenue and costs are recognised by reference to the stage of completion of the contract activity at the balance sheet date. This is measured by the proportion that contract costs incurred for work performed to date bear to the estimated total contract costs. Variations in contract work, claims and incentive payments are included to the extent that the amount can be measured reliably and its receipt is considered probable. Where the outcome of a construction contract cannot be estimated reliably, contract revenue is recognised to the extent of contract costs incurred where it is probable they will be recoverable. Contract costs are recognised as expenses in the period in which they are incurred. When it is probable that total contract costs will exceed total contract value, the expected loss is recognised as an expense immediately.

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 rates prevailing on the initial transaction dates.

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

HoSt Bio-Energy UK Limited

Notes to the Financial Statements for the Year Ended 31 December 2024 (continued)

2

Accounting policies (continued)

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in the profit and loss account, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	5% straight line
Motor vehicles	20% reducing balance
Office equipment	25% reducing balance

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Trade debtors

Trade debtors are amounts due from customers for goods sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. All trade debtors are repayable within one year and hence are included at the undiscounted cost of cash expected to be received. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the debtors.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and all are repayable within one year and hence are included at the undiscounted amount of cash expected to be paid.

HoSt Bio-Energy UK Limited

Notes to the Financial Statements for the Year Ended 31 December 2024 (continued)

2

Accounting policies (continued)

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Classification
Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability on the balance sheet. The corresponding dividends relating to the liability component are charged as interest expenses in the profit and loss account.

Impairment
Assets, other than those measured at fair value, are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss as described below.

A non financial asset is impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use.

Where indicators exist for a decrease in impairment loss, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.

For financial assets carried at amortised cost, the amount of an impairment is the difference between the asset’s carrying amount and the present value of estimated future cash flows, discounted at the financial asset’s original effective interest rate.

For financial assets carried at cost less impairment, the impairment loss is the difference between the asset’s carrying amount and the best estimate of the amount that would be received for the asset if it were to be sold at the reporting date.

Where indicators exist for a decrease in impairment loss, and the decrease can be related objectively to an event occurring after the impairment was recognised, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired financial asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.

HoSt Bio-Energy UK Limited

Notes to the Financial Statements for the Year Ended 31 December 2024 (continued)

2

Accounting policies (continued)

Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 7 (2023 - 6).

4

Tangible assets

	Plant and machinery  £	Motor vehicles  £	Office equipment  £	Total £
Cost
At 1 January 2024	8,819	72,505	11,957	93,281
Additions	-	56,914	2,940	59,854
At 31 December 2024	8,819	129,419	14,897	153,135
Depreciation
At 1 January 2024	4,384	24,914	3,328	32,626
Charge for the year	351	13,940	3,053	17,344
At 31 December 2024	4,735	38,854	6,381	49,970
Carrying amount
At 31 December 2024	4,084	90,565	8,516	103,165
At 31 December 2023	4,435	47,591	8,629	60,655

5

Investments

Associates	£
Cost
At 1 January 2024	170,000
At 31 December 2024	170,000
Impairment
At 1 January 2024	170,000
Reversal of impairment	(170,000)
At 31 December 2024	-
Carrying amount
At 31 December 2024	170,000
At 31 December 2023	-

HoSt Bio-Energy UK Limited

Notes to the Financial Statements for the Year Ended 31 December 2024 (continued)

5

Investments (continued)

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking	Registered office	Holding	Proportion of voting rights and shares held
			2024	2023
Associates
Charlton Park Biogas Limited	Trent Lodge, Stroud Road, Cirencester, GL7 6JN	Ordinary B	20.05%	20.05%

6

Debtors

	2024  £	2023  £
Trade debtors	184,564	830,252
Amounts owed by related parties	2,186,723	603,179
Amounts recoverable on contracts	570,266	323,837
Other debtors	13,563	14,044
Prepayments	10,837	20,839
Corporation tax asset	-	44,096
	2,965,953	1,836,247

7

Creditors

	2024  £	2023  £
Due within one year
Trade creditors	83,392	126,285
Amounts due to related parties	947,971	4,105,616
Amounts due on contracts	461,243	-
Social security and other taxes	178,030	167,240
Other creditors	-	3,343
Accrued expenses	563,091	247,736
Corporation tax	82,921	-
	2,316,648	4,650,220

8

Provisions

	Warranties £	Onerous contracts £	Total £
At 1 January 2024	-	134,074	134,074
Increase / (decrease) in existing provisions	77,802	(134,074)	(56,272)
At 31 December 2024	77,802	-	77,802

Provisions for onerous contracts are recognised when it is probable that total contract costs will exceed total contract revenues on construction contracts.

HoSt Bio-Energy UK Limited

Notes to the Financial Statements for the Year Ended 31 December 2024 (continued)

9

Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

	2024 £	2023 £
Not later than one year	21,000	21,000
Later than one year and not later than five years	8,750	29,750
	29,750	50,750

The amount of non-cancellable operating lease payments recognised as an expense during the year was £21,000 (2023 - £12,250).

10

Audit report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 24 September 2025 was Ursula Bryars, who signed for and on behalf of Hazlewoods LLP.