Company registration number 10787369 (England and Wales)
RE-GAS ENERGY LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
RE-GAS ENERGY LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
10,052,615
9,352,398
Investments
4
1,928,980
1,928,980
11,981,595
11,281,378
Current assets
Debtors
5
9,627,253
7,035,612
Cash at bank and in hand
34,705
242,999
9,661,958
7,278,611
Creditors: amounts falling due within one year
6
(16,052,804)
(12,323,961)
Net current liabilities
(6,390,846)
(5,045,350)
Total assets less current liabilities
5,590,749
6,236,028
Creditors: amounts falling due after more than one year
7
(11,032,481)
(11,880,000)
Net liabilities
(5,441,732)
(5,643,972)
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
(5,441,832)
(5,644,072)
Total equity
(5,441,732)
(5,643,972)
RE-GAS ENERGY LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2024
31 December 2024
- 2 -

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

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 22 October 2025 and are signed on its behalf by:
Mr K Purkis
Director
Company registration number 10787369 (England and Wales)
RE-GAS ENERGY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 3 -
1
Accounting policies
Company information

Re-Gas Energy Limited is a private company limited by shares incorporated in England and Wales. The registered office is Belvedere House, Basing View, Basingstoke, RG21 4HG.

1.1
Reporting period

The company shortened its financial year end to 31 December 2023 to align with its subsidiary company. The prior period end was 31 May 2023 so the results may not be entirely comparable.

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is an intermediate parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

1.3
Going concern

These financial statements are prepared on the going concern basis. The directors have a reasonable

expectation that the company will continue in operational existence for the foreseeable future due to the continuing support from the group.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
4% straight line
Fixtures and fittings
25% straight line
Computers
25% straight line
Motor vehicles
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

RE-GAS ENERGY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 4 -

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.6
Borrowing costs related to fixed assets

Borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to the cost of those assets, until such time as the assets are substantially ready for their intended use or sale.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Taxation

The tax expense represents the sum of the tax currently payable.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

1.9
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.10
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

RE-GAS ENERGY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 5 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
3
3
3
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 January 2024
10,134,076
2,931
4,523
-
0
10,141,530
Additions
1,208,809
-
0
1,788
32,608
1,243,205
Disposals
(122,168)
-
0
-
0
-
0
(122,168)
At 31 December 2024
11,220,717
2,931
6,311
32,608
11,262,567
Depreciation and impairment
At 1 January 2024
782,655
2,721
3,756
-
0
789,132
Depreciation charged in the year
418,690
61
435
6,114
425,300
Eliminated in respect of disposals
(4,480)
-
0
-
0
-
0
(4,480)
At 31 December 2024
1,196,865
2,782
4,191
6,114
1,209,952
Carrying amount
At 31 December 2024
10,023,852
149
2,120
26,494
10,052,615
At 31 December 2023
9,351,421
210
767
-
0
9,352,398

During the year £nil (2023 - £785,798) of interest costs directly attributable to the financing of plant and equipment were capitalised. The total capitalised interest at 31 December 2024 was £785,798 (2023 - £785,798).

4
Fixed asset investments
2024
2023
£
£
Shares in group undertakings and participating interests
1,928,980
1,928,980
RE-GAS ENERGY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 6 -
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
599,886
599,616
Other debtors
9,027,367
6,435,996
9,627,253
7,035,612
6
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
276,201
171,530
Taxation and social security
93,795
104,507
Other creditors
15,682,808
12,047,924
16,052,804
12,323,961
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
11,032,481
11,880,000
8
Secured debts

Mitsubishi Hc Capital UK PLC have a fixed charge over the assets of the company.

Aviva Investors Infrastructure Income No.4A Limited and Aviva Investors Infrastructure Income No.4B Limited have a fixed charge over the assets of the company.

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