REGISTERED NUMBER: 12673927 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Private Energy Partners (Uk) Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

R J Quinlan

K S Gains

SECRETARY:

S Jeremy

REGISTERED OFFICE:

3rd Floor

24 Savile Row

Mayfair

London

W1S 2ES

REGISTERED NUMBER:

12673927 (England and Wales)

FIXED ASSETS

Tangible assets

4

129,378

125,476

CURRENT ASSETS

Debtors

5

8,631,120

5,083,749

Cash at bank

250,745

3,758,371

8,881,865

8,842,120

CREDITORS

Amounts falling due within one year

6

8,948,146

7,502,672

NET CURRENT (LIABILITIES)/ASSETS

(66,281

)

1,339,448

TOTAL ASSETS LESS CURRENT LIABILITIES

63,097

1,464,924

PROVISIONS FOR LIABILITIES

32,345

31,369

NET ASSETS

30,752

1,433,555

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

30,750

1,433,553

30,752

1,433,555

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 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:

R J Quinlan - Director

K S Gains - Director

1.	STATUTORY INFORMATION

Private Energy Partners (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.

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.

Improvements to property

-

20% on cost

Plant and machinery

-

20% on reducing balance

Computer equipment

-

20% on cost

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 29 (2023 - 19 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

Computer

property

machinery

equipment

Totals

£

£

£

£

COST

At 1 January 2024

87,259

34,025

47,888

169,172

Additions

-

-

44,108

44,108

At 31 December 2024

87,259

34,025

91,996

213,280

DEPRECIATION

At 1 January 2024

17,452

12,249

13,995

43,696

Charge for year

17,452

4,355

18,399

40,206

At 31 December 2024

34,904

16,604

32,394

83,902

NET BOOK VALUE

At 31 December 2024

52,355

17,421

59,602

129,378

At 31 December 2023

69,807

21,776

33,893

125,476

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

4,622

-

Amounts owed by group undertakings

4,767,831

4,615,514

Other debtors

942,285

13,502

Prepayments

2,916,382

454,733

8,631,120

5,083,749

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

571,532

122,609

Tax

317,822

297,034

Social security and other taxes

247,000

348,894

Other creditors

813,602

34,892

Accruals and deferred income

6,998,190

6,699,243

8,948,146

7,502,672