Texel Energy Storage UK LTD

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: 08208636

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Investments	4		1,685,966		1,674,336

			1,685,966		1,674,336
CURRENT ASSETS
Debtors	5	5,345		4,509
Cash at bank and in hand		12,528		15,086

		17,873		19,595
Creditors: Amounts Falling Due Within One Year	6	(682,491 )		(670,721 )

NET CURRENT ASSETS (LIABILITIES)			(664,618 )		(651,126 )

TOTAL ASSETS LESS CURRENT LIABILITIES			1,021,348		1,023,210

NET ASSETS			1,021,348		1,023,210

CAPITAL AND RESERVES
Called up share capital	7		10,968		10,968
Share premium account			1,079,606		1,079,606
Revaluation reserve	8		21,323		21,323
Profit and Loss Account			(90,549 )		(88,687 )

SHAREHOLDERS' FUNDS			1,021,348		1,023,210

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Lars Jacobsson

Director

22/09/2025

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

Texel Energy Storage UK LTD is a private company, limited by shares, incorporated in England & Wales, registered number 08208636 . The registered office is Third Floor, 207 Regent Street, London, W1B 3HH.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.4. Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

2.5. Debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

2.6. Creditors

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2023: NIL)

4. Investments

	Other
	£
Cost
As at 1 January 2024	1,674,336
Additions	11,630

As at 31 December 2024	1,685,966

Provision
As at 1 January 2024	-

As at 31 December 2024	-

Net Book Value
As at 31 December 2024	1,685,966

As at 1 January 2024	1,674,336

Page 2

Page 3

Texel Energy Storage UK LTD

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

5. Debtors

	2024	2023
	£	£
Due within one year
Other debtors	207	207
Corporation tax recoverable assets	1,017	1,017
Amounts owed by group undertakings	4,121	3,285

	5,345	4,509

The amounts owed by group companies are repayable on demand and carry no interest.

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Accruals and deferred income	2,420	2,220
Amounts owed to group undertakings	680,071	668,501

	682,491	670,721

The amounts owed to group companies are repayable on demand and carry no interest.

7. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	10,968	10,968

8. Reserves

	Revaluation Reserve
	£
As at 1 January 2024	21,323

As at 31 December 2024	21,323