Simply Blue Energy (OSW 3 UK) Ltd iXBRL

Simply Blue Energy (OSW 3 UK) Ltd

Directors' Report and Unaudited Financial Statements

for the financial year ended 31 December 2024

Simply Blue Energy (OSW 3 UK) Ltd

DIRECTORS AND OTHER INFORMATION


Directors	Sam Roch-Perks
	Hugh Kelly


Company Secretary	Desmond Quigley


Company Registration Number	14306100


Registered Office	Chi An Lorell
	Sector 2 Aerohub Business Park
	St Mawgan
	United Kingdom


Business Address	Chi An Lorell
	Sector 2 Aerohub Business Park
	St Mawgan
	Newquay
	TR8 4RZ
	England


Accountants	Thos. Goodall & Son
	Link House
	Boreenmanna Rd
	Cork
	Ireland

Simply Blue Energy (OSW 3 UK) Ltd

DIRECTORS' REPORT

for the financial year ended 31 December 2024

The directors present their report and the unaudited financial statements for the financial year ended 31 December 2024.

Principal Activity

The principal activity of the company is the development of wind energy projects.

Results and Dividends

The profit for the financial year amounted to £0.00 (2023 - £0.00).

Directors

The directors who served during the financial year are as follows:

Sam Roch-Perks

Hugh Kelly

There were no changes in shareholdings between 31 December 2024 and the date of signing the financial statements.

Political Contributions

The company did not make any disclosable political donations in the current financial year.

Statement of Directors' Responsibilities

The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law) including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland". Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period.

In preparing these financial statements, the directors are required to:

■

select suitable accounting policies and apply them consistently;

■

make judgements and accounting estimates that are reasonable and prudent;

■

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Special provisions relating to small companies

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

On behalf of the board

___________________________

Sam Roch-Perks

Hugh Kelly

Director

29 September 2025

Simply Blue Energy (OSW 3 UK) Ltd

ACCOUNTANTS REPORT

to the Board of Directors on the Compilation of the unaudited financial statements of Simply Blue Energy (OSW 3 UK) Ltd

for the financial year ended 31 December 2024

In accordance with our engagement letter and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled for your approval the financial statements of the company for the financial year ended 31 December 2024 as set out on pages 6 to 10 which comprise the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given to us.

This report is made solely to the Board of Directors of Simply Blue Energy (OSW 3 UK) Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the company’s Board of Directors that we have done so, and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and its Board of Directors, as a body, for our work or for this report.

As a firm regulated by the Association of Chartered Certified Accountants our work will be carried out in accordance with the Technical Factsheet 163 Audit Exempt Companies - ACCA Accounts Preparation Report and ISRS 4410 International Standard on Related Services -Compilation Engagements. ln carrying out this engagement we have complied with the ethical guidance laid down by the association relating to members undertaking the compilation of financial statements.

Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
<http://www.accaglobal.com/ie/en/technical-activities/technical-resources-search/2009/october/factsheet-163-audit-exempt-companies.html>

You have acknowledged on the Balance Sheet for the year ended 31 December 2024 your duty to ensure that Simply Blue Energy (OSW 3 UK) Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Simply Blue Energy (OSW 3 UK) Ltd. You consider that Simply Blue Energy (OSW 3 UK) Ltd is exempt from the statutory audit requirement for the financial year.

We have not been instructed to carry out an audit or a review of the financial statements of Simply Blue Energy (OSW 3 UK) Ltd. For this reason, we have not verified the adequacy, accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

__________________________________

THOS. GOODALL & SON

Link House

Boreenmanna Rd

Cork

Ireland

29 September 2025

Simply Blue Energy (OSW 3 UK) Ltd

PROFIT AND LOSS ACCOUNT

for the financial year ended 31 December 2024

	2024	2023
Notes	£	£

Profit before taxation		-	-

Tax on profit	4	-	-
		─────────	─────────
Profit for the financial year		-	-
		─────────	─────────
Total comprehensive income		-	-
		═════════	═════════

Simply Blue Energy (OSW 3 UK) Ltd

Company Registration Number: 14306100

BALANCE SHEET

as at 31 December 2024

		2024	2023
	Notes	£	£

Current Assets

Debtors

100

100

─────────

Net Current Assets

100

100

─────────

Total Assets less Current Liabilities

100

100

═════════

Capital and Reserves

Called up share capital

100

100

─────────

Equity attributable to owners of the company

100

100

═════════

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

For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.

Approved by the Board and authorised for issue on 29 September 2025 and signed on its behalf by



________________________________			________________________________
Sam Roch-Perks			Hugh Kelly
Director			Director

Simply Blue Energy (OSW 3 UK) Ltd

STATEMENT OF CHANGES IN EQUITY

as at 31 December 2024

	Called up	Total
	share
	capital
	£	£

At 1 January 2023	100	100
	─────────	─────────
At 31 December 2023	100	100
	─────────	─────────
At 31 December 2024	100	100
	═════════	═════════

Simply Blue Energy (OSW 3 UK) Ltd

NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 31 December 2024

General Information

Simply Blue Energy (OSW 3 UK) Ltd is a company limited by shares incorporated and registered in the United Kingdom. The registered number of the company is 14306100. The registered office of the company is Chi An Lorell, Sector 2 Aerohub Business Park, St Mawgan, United Kingdom. The principal activity of the company is the development of wind energy projects. The financial statements have been presented in Pound (£) which is also the functional currency of the company.

Summary of Significant Accounting Policies

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.

Statement of compliance

The financial statements of the company for the financial year ended 31 December 2024 have been prepared in accordance with the Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland (FRS 102) issued by the Financial Reporting Council and in accordance with the Companies Act 2006.

Basis of preparation

The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.

Cash flow statement

The company has availed of the exemption in FRS 102 from the requirement to prepare a Statement of Cash Flows because it is classified as a small company.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Taxation and deferred taxation

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.

Ordinary share capital

The ordinary share capital of the company is presented as equity.

Employees

The average monthly number of employees, including directors, during the financial year was 0, (2023 - 0).


4.	Tax on profit
		2024	2023
		£	£
	Analysis of charge in the financial year

	Current tax:
	Corporation tax	-	-
		═════════	═════════

	No charge to tax arises due to tax losses incurred.


5.	Debtors	2024	2023
		£	£

	Amounts owed by group undertakings	100	100
		═════════	═════════

Capital commitments

The company had no material capital commitments at the financial year-ended 31 December 2024.

Related party transactions

The company has availed of the exemption under FRS 102 in relation to the disclosure of transactions with group undertakings.

Parent company

The company regards Simply Blue Holdings Ltd as its parent company.

Post-Balance Sheet Events

There have been no significant events affecting the company since the financial year-end.