REGISTERED NUMBER: 11292013 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

IQONY RENEWABLES UK LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J Bracegirdle

J Wagner

REGISTERED OFFICE:

4 Office Village

Forder Way

Cygnet Park

Hampton

Cambridgeshire

PE7 8GX

REGISTERED NUMBER:

11292013 (England and Wales)

AUDITORS:

TC Group

Brightfield Business Hub

Bakewell Road

Orton Southgate

Peterborough

PE2 6XU

FIXED ASSETS

Tangible assets

4

371

3,482

CURRENT ASSETS

Stocks

5

2,876,707

2,508,940

Debtors

6

4,820,418

2,311,124

Cash at bank

1,898,660

194,487

9,595,785

5,014,551

CREDITORS

Amounts falling due within one year

7

14,371,966

9,868,826

NET CURRENT LIABILITIES

(4,776,181

)

(4,854,275

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(4,775,810

)

(4,850,793

)

CAPITAL AND RESERVES

Called up share capital

8

1

1

Retained earnings

(4,775,811

)

(4,850,794

)

SHAREHOLDERS' FUNDS

(4,775,810

)

(4,850,793

)

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 30 September 2025 and were signed on its behalf by:

J Bracegirdle - Director

1.	STATUTORY INFORMATION

Iqony Renewables UK 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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

No significant judgements (apart from those involving estimations) have been made by management in the process of applying the entity's accounting policies and preparing these financial statements.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. There have been no key assumptions or there sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery

-

20% on cost

Computer equipment

-

20% on cost

At each balance sheet date assets not carried at fair value are assessed to determine whether there is an indication that the asset may be impaired. If there is such an indication the recoverable amount of the asset is compared to the carrying amount of the asset.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

The company holds basic financial instruments as defined in FRS102. The financial assets and financial liabilities of the company and their measurement basis are as follows:

Financial assets are made up of trade and other debtors, these are basic financial instruments and are measured at amortised cost. Prepayments are not financial instruments. Cash at bank is classified as a basic financial instrument and is measure at amortised cost.

Financial liabilities are made up of trade creditors, accruals and other creditors, these are basic financial instruments and measured at amortised cost. Taxation and social security are not included in the financial instruments disclosure definition.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern

Iqony Renewables UK Ltd have financial support from parent company Iqony GmbH.The directors have not disclosed in the financial statements any identified material uncertainties that may cast significant doubt about the company’s ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for issue.

Debtors

Short term debtors are initially measured at transaction price less attributable costs and then subsequently measured at amortised costs using EIR. 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.

Creditors

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 January 2024

1,063

6,312

7,375

Disposals

(1,063

)

(5,437

)

(6,500

)

At 31 December 2024

-

875

875

DEPRECIATION

At 1 January 2024

602

3,291

3,893

Charge for year

178

1,081

1,259

Eliminated on disposal

(780

)

(3,868

)

(4,648

)

At 31 December 2024

-

504

504

NET BOOK VALUE

At 31 December 2024

-

371

371

At 31 December 2023

461

3,021

3,482

5.

STOCKS

2024

2023

£

£

Stocks and work in progress

2,876,707

2,508,940

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

1,024,373

347,125

Amounts owed by group undertakings

2,045,842

1,913,073

Other debtors

15,408

13,902

Tax

-

6,592

Prepayments

1,734,795

30,432

4,820,418

2,311,124

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

414,150

362,272

Amounts owed to group undertakings

12,842,885

9,081,255

Social security and other taxes

30,668

18,647

VAT

280,015

3,215

Other creditors

2,409

265

Deferred Income

55,757

186,066

Accrued expenses

746,082

217,106

14,371,966

9,868,826

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

1

Ordinary

£1

1

1

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

John Grant (Senior Statutory Auditor)

for and on behalf of TC Group

10.	RELATED PARTY DISCLOSURES

Iqony GmbH

Included in other creditors there is a loan from Iqony GmbH totalling £12,842,885 (2023 - £9,081,255), this amount is repayable upon demand.

Osgodby Farm

Included in other debtors there is a loan to Osgodby Farm totalling £2,045,842 (2023 - £1,913,073), this amount is repayable on demand.

11.	ULTIMATE PARENT COMPANY

The immediate parent company is Iqony Renewables GmbH, a company registered in Essen, Germany under registration number HRB36433.

12.	RESTATEMENT

During the year, the Company reviewed the classification of certain items in the financial statements. As a result loan amounts previously presented as falling due after more than one year have been reclassified to creditors falling due within one year, to reflect their repayment terms. We have restated 2023 accounts to show amounts owed from group undertakings of £1,913,073 as due under one year and amounts owed to group undertakings of £9,081,255 as due within one year.