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Registered number: 13748388
CLIMATE INVESTMENT (OMAN HOLDINGS) LIMITED (FORMERLY KNOWN AS F2V OMAN HOLDINGS LIMITED)
UNAUDITED
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 6 FEBRUARY 2025
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CLIMATE INVESTMENT (OMAN HOLDINGS) LIMITED (FORMERLY KNOWN AS F2V OMAN HOLDINGS LIMITED)
REGISTERED NUMBER: 13748388
BALANCE SHEET
AS AT 6 FEBRUARY 2025
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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CLIMATE INVESTMENT (OMAN HOLDINGS) LIMITED (FORMERLY KNOWN AS F2V OMAN HOLDINGS LIMITED)
REGISTERED NUMBER: 13748388
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:
The notes on pages 3 to 7 form part of these financial statements.
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CLIMATE INVESTMENT (OMAN HOLDINGS) LIMITED (FORMERLY KNOWN AS F2V OMAN HOLDINGS LIMITED)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 6 FEBRUARY 2025
F2V Oman Holdings Limited is a private company, limited by shares, registeres in England and Wales, registration number 13748388. The registered office is 7th Floor 50 Broadway, London, England, SW1H 0BL. The principal activity of the company during the period was that of a holding company for FtowV CPF SPC LLC, which is developing a flare gas capture project in Oman.
2.Accounting policies
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Basis of preparation of financial statements
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The company was incorporated on 17 November 2021. These set of financial statements have been prepared by the company and cover the year 01 February 2024 to 06 February 2025.
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:
The financial statements have been prepared on a going concern basis.
The company had net current assets of £1,748,329 (2024 - £4,178,272) and total net assets of £2,240,523 (2024 - £4,670,466).
The directors have assessed the use of going concern and have considered possible events or conditions that might cast significant doubt on the ability of the company to continue as a going concern. The directors have made this assessment for a period of at least twelve months from the date of the approval of these financial statements. The directors have concluded that there is a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and there are no material uncertainties about the company's ability to continue as a going concern. The directors, therefore, continue to adopt the going concern basis in preparing these financial statements.
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CLIMATE INVESTMENT (OMAN HOLDINGS) LIMITED (FORMERLY KNOWN AS F2V OMAN HOLDINGS LIMITED)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 6 FEBRUARY 2025
2.Accounting policies (continued)
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Foreign currency translation
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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'.
Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.
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.
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.
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CLIMATE INVESTMENT (OMAN HOLDINGS) LIMITED (FORMERLY KNOWN AS F2V OMAN HOLDINGS LIMITED)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 6 FEBRUARY 2025
2.Accounting policies (continued)
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Cash and cash equivalents
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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.
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.
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The average monthly number of employees, including directors, during the Period was 4 (2024 - 4).
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Investments in subsidiary companies
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CLIMATE INVESTMENT (OMAN HOLDINGS) LIMITED (FORMERLY KNOWN AS F2V OMAN HOLDINGS LIMITED)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 6 FEBRUARY 2025
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Amounts owed by group undertakings
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Amounts owed by associated undertakings
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Cash and cash equivalents
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Creditors: Amounts falling due within one year
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Amounts owed to other participating interests
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Accruals and deferred income
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Allotted, called up and fully paid
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550 (2024 - 406) Ordinary USD shares of $1.00 each
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450 (2024 - 332) Series A shares of $1.00 each
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4,600,000 (2024 - 3,814,066) Series B shares of $1.00 each
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CLIMATE INVESTMENT (OMAN HOLDINGS) LIMITED (FORMERLY KNOWN AS F2V OMAN HOLDINGS LIMITED)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 6 FEBRUARY 2025
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Related party transactions
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At the prior year end a balance of £1,261,310 was owed by Flare2Value International Limited. During the year, this increased to £1,319,349. This was written off during the current period as part of a restructure. The balance at the year end was £nil. The directors of Flare2Value International Limited were also directors of Climate Investment (Oman Holdings) Limited prior to the restructure.
At the balance sheet date, £2,629,701 (2024 - £2,038,772) was owed by FtowV CPF SPC LLC, a wholly owed subsidiary. The amount is unsecured, interest free and repayable on demand.
At the prior year end a balance of £23,643 was owed by F2Vi LLC, an associated entity. This was written off in the current period as part of a restructure. The balance at the year end was £Nil.
At the balance sheet date, £186,690 (2024 - £Nil) was owed by F2V SPCF, an associated entity. The amount is unsecured, interest free and repayable on demand.
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Post balance sheet events
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On 10th February 2025 the company changed its name from F2V Oman Holdings Limited to Climate Investment (Oman Holdings) Limited.
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There is no ultimate controlling party.
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