Caseware UK (AP4) 2024.0.164 2024.0.164 2025-02-06 2025-02-06 false that of (i) developing waste gas monetisationprojects and (ii) a holding company for the interest in F2V Oman Holdco Limited The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2024-02-07 false 5 5 true true 11046906 2024-02-06 11046906 2024-02-07 2025-02-06 11046906 2023-02-01 2024-01-31 11046906 2025-02-06 11046906 2024-01-31 11046906 c:Director1 2024-02-07 2025-02-06 11046906 d:CurrentFinancialInstruments 2025-02-06 11046906 d:CurrentFinancialInstruments 2024-01-31 11046906 d:CurrentFinancialInstruments d:WithinOneYear 2025-02-06 11046906 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 11046906 d:ShareCapital 2025-02-06 11046906 d:ShareCapital 2024-01-31 11046906 d:RetainedEarningsAccumulatedLosses 2025-02-06 11046906 d:RetainedEarningsAccumulatedLosses 2024-01-31 11046906 c:OrdinaryShareClass1 2024-02-07 2025-02-06 11046906 c:OrdinaryShareClass1 2025-02-06 11046906 c:OrdinaryShareClass1 2024-01-31 11046906 c:OrdinaryShareClass2 2024-02-07 2025-02-06 11046906 c:OrdinaryShareClass2 2025-02-06 11046906 c:FRS102 2024-02-07 2025-02-06 11046906 c:AuditExempt-NoAccountantsReport 2024-02-07 2025-02-06 11046906 c:FullAccounts 2024-02-07 2025-02-06 11046906 c:PrivateLimitedCompanyLtd 2024-02-07 2025-02-06 11046906 6 2024-02-07 2025-02-06 11046906 e:PoundSterling 2024-02-07 2025-02-06 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 11046906 FLARE2VALUE INTERNATIONAL LIMITED UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD ENDED 6 FEBRUARY 2025
FLARE2VALUE INTERNATIONAL LIMITED REGISTERED NUMBER: 11046906 BALANCE SHEET AS AT 6 FEBRUARY 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Investments | 4 |  | - |  | 406
|  |  | - |  | 406
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 5 | 5,634 |  | 1,277,639 |
Cash at bank and in hand | 6 | 56,244 |  | 92,651 |
|  | 61,878 |  | 1,370,290 |
Creditors: amounts falling due within one year | 7 | (414,335) |  | (2,838,916) |
Net current liabilities |  |  | (352,457) |  | (1,468,626)
Net liabilities |  |  | (352,457) |  | (1,468,220)
Capital and reserves |  |  |  |  |
Called up share capital | 8 |  | 2 |  | 2
Profit and loss account |  |  | (352,459) |  | (1,468,222)
|  |  | (352,457) |  | (1,468,220)
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FLARE2VALUE INTERNATIONAL LIMITED REGISTERED NUMBER: 11046906 BALANCE SHEET (CONTINUED) AS AT 6 FEBRUARY 2025 The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the Period in question in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
F Lestak
Director
Date: 2 October 2025
The notes on pages 3 to 7 form part of these financial statements. Page 2
FLARE2VALUE INTERNATIONAL LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 6 FEBRUARY 2025
1. | General information
Flare2Value International Limited is a private company, limited by shares, registered in England and Wales, registration number 11046906. The registered office is 14 Old Queen Street, London, SW1H 9HP. The principal activity of the company during the year was that of developing waste gas monetisation projects. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The following principal accounting policies have been applied:
| 2.2 | Going concern
The financial statements have been prepared on a going concern basis. The company had net current liabilities of £352,457 (2024 - £1,468,626) and total net liabilities of £352,457 (2024 - £1,468,222). The financial statements have been prepared on a going concern basis. The director Frigyes Lestak has indicated his willingness and ability to support the company for at least one year from the date of approval of the financial statements.
| 2.3 | Foreign currency translation
Functional and presentation currency The financial statements have been prepared in pounds sterling, the functional currency, rounded to the nearest £1. Transactions and balances Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions. At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined. Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges. Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'. Page 3
FLARE2VALUE INTERNATIONAL LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 6 FEBRUARY 2025 2.Accounting policies (continued)
| 2.4 | Finance costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
| 2.5 | Valuation of investments
Investments in subsidiaries are measured at cost less accumulated impairment. Investments in unlisted company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment. Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.
| 2.6 | Debtors
Short-term debtors are measured at transaction price, less any impairment. 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.
| 2.7 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
| 2.8 | Creditors
Short-term creditors are measured at the transaction price. 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
| The average monthly number of employees, including directors, during the Period was 5 (2024 - 5).
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FLARE2VALUE INTERNATIONAL LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 6 FEBRUARY 2025
4. | Fixed asset investments
|  | Investments in subsidiary companies
|  | £
| At 7 February 2024 | 406
| Disposals | (406)
| At 6 February 2025 | -
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FLARE2VALUE INTERNATIONAL LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 6 FEBRUARY 2025
5. | Debtors
|  |  |  |  | 2025 | Restated 2024
|  |  |  |  | £ | £
| Amounts owed by group undertakings | - | 1,249,635
| VAT recoverable | 5,634 | 28,004
|  | 5,634 | 1,277,639
| The above is unsecured, interest free and repayable on demand.
6. | Cash and cash equivalents
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 56,244 | 92,651
|  | 56,244 | 92,651
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other loans | 8,315 | 924,770
| Other creditors | 9,420 | 1,606,168
| Accruals and deferred income | 396,600 | 307,978
|  | 414,335 | 2,838,916
8. | Share capital
|  |  |  |  | 2025 | 2023
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 99 (2024 - 99) Ordinary shares of £0.01 each | 1 | 1
|  | 1 Ordinary share of £1.00 | 1 | 1
|  |  | 2 | 2
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FLARE2VALUE INTERNATIONAL LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 6 FEBRUARY 2025
9. | Transactions with directors
At the year end a balance of £9,420 (2024 - £9,420) was owed by the company to the director, F Lestak and is included in other creditors. The loan is unsecured, interest free and repayable on demand.
10. | Related party transactions
| At the prior year end a balance of £309,996 was owed to Flare2Value LLC. This balance remained the same and was written off during the current period as part of a restructure. The balance due at the period end was £Nil. The directors of Flare2Value LLC were also directors of Flare2Value International Limited prior to the restructure. At the prior year end a balance of £1,261,310 was owed to F2V Oman Holdings Limited a subsidiary company. during the current year this increased to £1,319,349. This was written off during the current period as part of a restructure. The balance due at the period end was £Nil. At the prior year end a balance of £1,249,635 was owed to the Company by F2V CPF SPC LLC. During the current period the balance increased to £1,307,483. This was written off during the current period as part of a restructure. The balance due at the period end was £Nil. F2V CPF SPC LLC was an indirect subsidiary of Flare2Value International Limited prior to the restrucutre.
11. | Controlling party
Following the restructure on 06/02/25, the ultimate controlling party was F Lestak, by virtue of his 100% shareholding in the parent company Lestak Consulting Limited.
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