Vanguard Wave Energy Ltd iXBRL

Vanguard Wave Energy Ltd

Director's Report and Unaudited Financial Statements

for the financial period from 2 April 2024 (date of incorporation) to 31 December 2024

Vanguard Wave Energy Ltd

DIRECTOR AND OTHER INFORMATION


Directors	Hugh Kelly (Appointed 2 April 2024)
	Christopher Harwood (Appointed 2 April 2024, Resigned 29 August 2025)


Company Secretary	Des Quigley (Appointed 2 April 2024)


Company Registration Number	SC805419


Registered Office and Business Address	10 York Place
	Edinburgh
	EH1 3EP
	Scotland


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

Vanguard Wave Energy Ltd

DIRECTOR'S REPORT

for the financial period from 2 April 2024 (date of incorporation) to 31 December 2024

The director presents their report and the unaudited financial statements for the financial period from 2 April 2024 (date of incorporation) to 31 December 2024.

Principal Activity

The company is dormant.

Results and Dividends

The profit for the financial period amounted to £0.00.

Directors

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

Hugh Kelly (Appointed 2 April 2024)

Christopher Harwood (Appointed 2 April 2024, Resigned 29 August 2025)

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 period.

Statement of Director's Responsibilities

The director is responsible for preparing the Director's Report and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has 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 director must not approve the financial statements unless they is 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 director is 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 director is 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 is 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

___________________________

Hugh Kelly

Director

29 September 2025

Vanguard Wave Energy Ltd

ACCOUNTANTS REPORT

to the Director on the Compilation of the unaudited financial statements of Vanguard Wave Energy Ltd

for the financial period from 2 April 2024 (date of incorporation) to 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 period from 2 April 2024 (date of incorporation) to 31 December 2024 as set out on pages 6 to 9 which comprise the Profit and Loss Account, the Balance Sheet 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 director of Vanguard Wave Energy Ltd, 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 Director 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 director 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 period ended 31 December 2024 your duty to ensure that Vanguard Wave Energy 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 Vanguard Wave Energy Ltd. You consider that Vanguard Wave Energy Ltd is exempt from the statutory audit requirement for the financial period.

We have not been instructed to carry out an audit or a review of the financial statements of Vanguard Wave Energy 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

Vanguard Wave Energy Ltd

PROFIT AND LOSS ACCOUNT

for the financial period from 2 April 2024 (date of incorporation) to 31 December 2024

Dec 24

Notes

Profit before taxation		-

Tax on profit	6	-
		─────────
Profit for the financial period		-
		─────────
Total comprehensive income		-
		═════════

Vanguard Wave Energy Ltd

Company Registration Number: SC805419

BALANCE SHEET

as at 31 December 2024

Dec 24

Notes

Current Assets

Debtors

100

─────────

Net Current Assets

100

─────────

Total Assets less Current Liabilities

100

═════════

Capital and Reserves

Called up share capital

100

─────────

Equity attributable to owners of the company

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 period from 2 April 2024 (date of incorporation) to 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

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

The director acknowledges 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 period and of its profit and loss for the financial period 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 Director and authorised for issue on 29 September 2025



________________________________
Hugh Kelly
Director

Vanguard Wave Energy Ltd

NOTES TO THE FINANCIAL STATEMENTS

for the financial period from 2 April 2024 (date of incorporation) to 31 December 2024

General Information

Vanguard Wave Energy Ltd is a company limited by shares incorporated and registered in the Scotland. The registered number of the company is SC805419. The registered office of the company is 10 York Place, Edinburgh, EH1 3EP, Scotland which is also the principal place of business of the company. The company is dormant. 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 period 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 period 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.

Period of financial statements

The financial statements are for the 8 month 30 days period from 2 April 2024 (date of incorporation) to 31 December 2024.

Statement on previous periods

The company did not present financial statements for previous periods.

Employees

The average monthly number of employees, including director, during the financial period was 0, (Apr 24 - 0).

Tax on profit

Dec 24

Analysis of charge in the financial period

Current tax:

Corporation tax

═════════

No charge to tax arises due to tax losses incurred.


7.	Debtors	Dec 24
		£

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

Capital commitments

The company had no material capital commitments at the financial period-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.

10.

Parent and ultimate parent company

The company regards Simply Blue Horizons Limited as its parent company.

The companys ultimate parent undertaking is Simply Blue Holdings Limited.

The address of Simply Blue Holdings Limited is Woodbine Hill Youghal Co. Cork Ireland.

11.

Post-Balance Sheet Events

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