REGISTERED NUMBER: 11375569 (England and Wales)

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

LIGHTHOUSE GREEN FUELS

ENGINEERING LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

Mr N Al Adhami

REGISTERED OFFICE:

1-6 Lombard Street

London

EC3V 9AA

REGISTERED NUMBER:

11375569 (England and Wales)

INDEPENDENT AUDITORS:

Watergates Ltd (Statutory Auditor)

109 Coleman Road

Leicester

Leicestershire

LE5 4LE

CURRENT ASSETS

Debtors

4

-

202,586

Cash at bank

197,962

166,556

197,962

369,142

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

5

(185,821

)

(377,517

)

NET CURRENT ASSETS/(LIABILITIES)

12,141

(8,375

)

TOTAL ASSETS LESS CURRENT LIABILITIES

12,141

(8,375

)

CAPITAL AND RESERVES

Called up share capital

6

1

1

Retained earnings

12,140

(8,376

)

SHAREHOLDERS' FUNDS

12,141

(8,375

)

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 director and authorised for issue on 30th September 2025 and were signed by:

Mr N Al Adhami - Director

1.	STATUTORY INFORMATION

Lighthouse Green Fuels Engineering Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

GOING CONCERN

After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

The directors have reviewed future cash flow projections and financial modelling, which they feel adequately reflect the current uncertain economic environment. The directors are satisfied that this shows its future plans to be viable, and there will be sufficient cash resources available for the forthcoming 12 months to enable the entity to continue as a going concern.

The Company recharges costs to its fellow subsidiary, Lighthouse Green Fuels Limited, who is also non-trading and is relying on investments and loans from its related parties in order to achieve its plans for future profitability. As a result, the Company is reliant on its fellow subsidiary to continue as a going concern. The company also has support from its controlling parent accompanied by a going concern comfort letter to ensure its going concern.

After considering all relevant uncertainties, the directors have a reasonable expectation that the entity has adequate resources to continue in operational existence for the foreseeable future. Thus, they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

TURNOVER

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover consist only of recharges of labour to its parent company.

Turnover is recognised when all of the following conditions are satisfied:

- the amount of revenue can be measured reliably;

- it is probable that the company will receive the consideration due under the contract;

- the stage of completion of the contract at the end of the reporting period can be measured reliably; and

- the costs incurred and the costs to complete the contract can be measured reliably.

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.

RESEARCH AND DEVELOPMENT

Expenditure on research and development is written off in the year in which it is incurred.

FOREIGN CURRENCIES

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 36 (2023 - 19 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Amounts owed by group undertakings

-

193,894

Other debtors

-

8,692

-

202,586

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Amounts owed to group undertakings

5,000

-

Taxation and social security

171,756

350,396

Other creditors

9,065

27,121

185,821

377,517

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/12/24

31/12/23

value:

£

£

100

Ordinary

0.01

1

1

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Nazir Malida FCCA (Senior Statutory Auditor)

for and on behalf of Watergates Ltd (Statutory Auditor)

8.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

9.	POST BALANCE SHEET EVENTS

After the balance sheet date, the company implemented a restructuring programme which included redundancies across the business. These redundancies were part of management’s response to strategic realignment and efficiency measures.

As the decision and communication of redundancies occurred after the year end, the event does not provide evidence of conditions that existed at the balance sheet date. Accordingly, no adjustment has been made to the financial statements.

The related costs of the redundancies will be recognised in the subsequent financial year in which the decision was made and employees were formally notified.

10.	ULTIMATE CONTROLLING PARENT

Lighthouse Green Fuels Engineering Limited is a subsidiary of its immediate parent, Lighthouse Green Fuels Limited.

The smallest group for which consolidated financial statements are drawn up is headed by Al Fanar Company, a company incorporated in Saudi Arabia. Group financial statements are not publically available. Al Fanar Company's principal place of business is Al-Nafl, Northern Ring Road, Riyadh 11411, KSA.

The Company's ultimate parent undertaking is Arabian Trading Group which is registered in Saudi Arabia.

The ultimate controlling party are the shareholders of the ultimate parent company, in the current and preceding year.