ACCOUNTS - Final Accounts preparation

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)

Page 1

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.

Employees

The average monthly number of employees, including directors, during the Period was 5 (2024 - 5).

Page 4

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	-

Page 5

FLARE2VALUE INTERNATIONAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 6 FEBRUARY 2025

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

Page 6

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.

Page 7