BrightAccountsProduction v1.0.0 v1.0.0 2024-01-01 The company was not dormant during the period The company was trading for the entire period The principal activity of the company is the holding of unlisted investments. There has been no significant change in these activities during the year ended 31 December 2024.

The company's functional and presentation currency is the pound sterling. 26 September 2025 0 0 08069627 2024-12-31 08069627 2023-12-31 08069627 2022-12-31 08069627 2024-01-01 2024-12-31 08069627 2023-01-01 2023-12-31 08069627 uk-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 08069627 uk-curr:PoundSterling 2024-01-01 2024-12-31 08069627 uk-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 08069627 uk-bus:FullAccounts 2024-01-01 2024-12-31 08069627 uk-bus:Audited 2024-01-01 2024-12-31 08069627 uk-core:ShareCapital 2024-12-31 08069627 uk-core:ShareCapital 2023-12-31 08069627 uk-core:RetainedEarningsAccumulatedLosses 2024-12-31 08069627 uk-core:RetainedEarningsAccumulatedLosses 2023-12-31 08069627 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-12-31 08069627 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-12-31 08069627 uk-bus:FRS102 2024-01-01 2024-12-31 08069627 uk-core:CostValuation 2024-12-31 08069627 uk-core:Subsidiary1 2024-01-01 2024-12-31 08069627 uk-core:CurrentFinancialInstruments 2024-12-31 08069627 uk-core:CurrentFinancialInstruments 2023-12-31 08069627 uk-core:WithinOneYear 2024-12-31 08069627 uk-core:WithinOneYear 2023-12-31 08069627 uk-core:ParentEntities 2024-01-01 2024-12-31 08069627 uk-core:UltimateParent 2024-01-01 2024-12-31 08069627 2024-01-01 2024-12-31 08069627 uk-bus:Director1 2024-01-01 2024-12-31 08069627 uk-bus:CompanySecretaryDirector1 2024-01-01 2024-12-31 xbrli:pure iso4217:GBP xbrli:shares
Company Registration Number: 08069627
 
 
Lantanier UK Limited
 
Financial Statements
 
for the financial year ended 31 December 2024



INDEPENDENT AUDITOR'S REPORT
to the Shareholders of Lantanier UK Limited

 
Report on the audit of the financial statements
 
Opinion

We have audited the financial statements of Lantanier UK Limited ('the company') for the financial year ended 31 December 2024 which comprise the Balance Sheet and the related notes to the financial statements, including significant accounting policies set out in note . The financial reporting framework that has been applied in their preparation is applicable Law and United Kingdom Accounting Standards, including FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” Section 1A (Small Entities).

In our opinion the financial statements:

-give a true and fair view of the state of the company's affairs as at 31 December 2024 and of its profit for the financial year then ended;

-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-have been prepared in accordance with the requirements of the Companies Act 2006.
 
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
 
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
 
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from the date when the financial statements are authorised for issue.
 
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
 
Other Information

The other information comprises the information included in the annual report other than the financial statements and our Auditor's Report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
 
Matters on which we are required to report by exception
In the light of our knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified any material misstatements in the Directors' Report.
 
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit; or
- the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemption in preparing the directors' report.
 
Responsibilities of directors for the financial statements
As explained more fully in the Statement of Directors' Responsibilities set out on page , the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as they determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
 
In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or has no realistic alternative but to do so.
 
Auditor's responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditor's Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
 
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
 

As part of our audit plan we identified and assessed the risks of material misstatement of the financial statements from irregularities, whether due to fraud or error, and discussed these between our audit team members. We then designed and performed audit procedures responsive to those risks, including obtaining audit evidence sufficient and appropriate to provide a basis for our opinion.

As part of our audit work, we obtained an understanding of the legal and regulatory frameworks within which the company operates, focusing on those laws and regulations that have a direct effect on the determination of material amounts and disclosures in the financial statements. We identified the laws and regulations applicable to the company through discussion with directors and other management. Among the laws and regulations we considered in this context were those governing wind energy generation and the production of electricity as the company's subsidiary trade is the operation of a wind farm.

We focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006 and general accounting regulations under FRS 102.

We assessed the extent of compliance with the laws and regulations identified above through making enquiries of management. Any additional laws and regulations identified during the audit process were ccommunicated to the audit team and the audit team remained alert to instances of non-compliance throughout the audit.

Auditing standards limit the required audit procedures to identify non-compliance with these laws and regulations to enquiry of management and inspection of regulatory and legal correspondence, if any. Our audit procedures to respond to risks  include  enquiries of management, sample testing, reviewing accounting estimates, reviewing minutes of management meetings.

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed non-compliance with laws and regulations (irregularities) is from events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it.

We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations.
 

A further description of our responsibilities for the audit of the financial statements is contained in the appendix to this report, located at page , which is to be read as an integral part of our report.
 
Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.
 
 
 
Trevor McKenna (Senior Statutory Auditor)
for and on behalf of
CSG PROFESSIONAL SERVICES UK LIMITED
Chartered Certified Accountants and Statutory Auditors
3 Day Place
Tralee
County Kerry
V92 P6HC
Ireland
 
26 September 2025



Lantanier UK Limited
APPENDIX TO THE INDEPENDENT AUDITOR'S REPORT

Further information regarding the scope of our responsibilities as auditor
 
As part of an audit in accordance with ISAs (UK), we exercise professional judgement and maintain professional scepticism throughout the audit. We also:
 
- Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
 
- Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the company's internal control.
 
- Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors.
 
- Conclude on the appropriateness of the directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our Auditor's Report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our Auditor's Report. However, future events or conditions may cause the company to cease to continue as a going concern.
 
- Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.
 
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.



Lantanier UK Limited
Company Registration Number: 08069627
BALANCE SHEET
as at 31 December 2024

2024 2023
Notes £ £
 
Fixed Assets
Investments 6 4 4
───────── ─────────
 
Current Assets
Debtors 7 1,620,406 1,623,072
Cash and cash equivalents 238 284
───────── ─────────
1,620,644 1,623,356
───────── ─────────
Creditors: amounts falling due within one year 8 (294,522) (294,630)
───────── ─────────
Net Current Assets 1,326,122 1,328,726
───────── ─────────
Total Assets less Current Liabilities 1,326,126 1,328,730
═════════ ═════════
 
Capital and Reserves
Called up share capital 4 4
Retained earnings 1,326,122 1,328,726
───────── ─────────
Shareholders' Funds 1,326,126 1,328,730
═════════ ═════════
 

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 company has taken advantage of the exemption under section 444 not to file the Income Statement and Directors' Report.
           
Approved by the Board and authorised for issue on 26 September 2025 and signed on its behalf by
           
           
Sean Michael Murphy     Mort Buckley
Director     Director
           



Lantanier UK Limited
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 December 2024

   
1. General Information
 

Lantanier UK Limited is a company limited by shares incorporated in the United Kingdom.The registered office of the company is Dene Park, Stratford Road, Wellesbourne, Warwick, Warwickshire, CV35 9RY, United Kingdom, which is also the principal place of business of the company.

The principal activity of the company is the holding of unlisted investments.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance

The financial statements of the company for the year ended 31 December 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.

 
Basis of preparation

The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Consolidated accounts
The company is entitled to the exemption in Section 399 of the Companies Act 2006 from the obligation to prepare group accounts.
 
Related party disclosures

The company discloses transactions with related parties which are not wholly owned within the same group. It does not disclose transactions with its parent or with members of the same group that are wholly owned.
 
Going concern
As the directors believe that the Company has adequate resources to continue in operational existence for the foreseeable future, being a period of at least twelve months from the date of approval of these financial statements, they continue to adopt the going concern basis in the preparation of these financial statements.
 
Investments
Investments held as fixed assets are stated at cost less provision for impairment. Income from other investments together with any related tax credit is recognised in the Income Statement in the year in which it is receivable.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the Balance Sheet bank overdrafts are shown within Creditors.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Taxation and deferred taxation

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements.

Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
 
Dividends
Dividend income is recognised when the right to receive payment is established.
 
Foreign currencies

i. Functional and presentation currency

The company's functional and presentation currency is the pound sterling.

ii.Transactions and balances

Transactions in currencies other than the functional currency are recorded at the rate of exchange on the date the transaction occurred.

At each Balance Sheet date, 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 the profit and loss account.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
   
3. Critical Accounting Judgements and Estimates
 

In order to properly apply the company's accounting policies, as described in note 2 above, the directors are required to make judgements and estimates in respect of carrying values of assets and liabilities which may not be apparent from other sources of information. The directors base these critical accounting judgements and estimations on previous historical experience and other factors which the directors judge to be relevant. Judgements and estimates will invariably differ from actual results and hence such judgements and estimates are reviewed by the directors on an ongoing basis.

i. Critical judgements in applying the entity's accounting policies

In preparing the financial statements, the directors did not make any critical judgements in applying the company's accounting policies.

ii. Critical accounting estimates and assumptions

The directors did not make any critical estimates and assumptions that would have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities as stated in the financial statements.
       
4. Employees
 
The company had no employees during the year (2023:0)
       
5. Directors remuneration
 
Directors are not remunerated through the company (2023:£Nil). Directors are remunerated by related companies as part of their group wide executive role.
     
6. Investments
  Group and
  participating
  interests/
  joint ventures
Investments £
Cost
 
At 31 December 2024 4
  ─────────
Net book value
At 31 December 2024 4
  ═════════
At 31 December 2023 4
  ═════════
 
The Company's investment in its subsidiary company represents the cost of acquisition of the whole of the ordinary share capital of WED Coal Limited - a company whose principal activity is that of electric energy generation.
             
6.1. Holdings in related undertakings
The company holds 20% or more of the share capital of the following company:
 
  Country Nature   Details Proportion
  of of   of held by
Name incorporation and address of Registered Office business   investment company
 
Subsidiary undertaking
WED Coal Limited United Kingdom Wind Farm   Ordinary 100%
 
 
The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:
 
  Year ended Capital and     Profit for
    reserves     the year
    £     £
 
WED Coal Limited 31 December 2024 1,850,014     942,334
    ═════════     ═════════
 
In the opinion of the directors, the value to the company of the unlisted investments is not less than the book amount shown above.
       
7. Debtors 2024 2023
  £ £
 
Amounts owed by group undertakings 1,620,406 1,623,072
  ═════════ ═════════
 
Amounts owed by group undertakings are unsecured, interest free, have no fixed date of repayment and are repayable on demand.
       
8. Creditors 2024 2023
Amounts falling due within one year £ £
 
Amounts owed to related parties (Note 11) 288,097 288,097
Other creditors - 2,265
Accruals 6,425 4,268
  ───────── ─────────
  294,522 294,630
  ═════════ ═════════
 

Amounts due to group undertakings and related parties are unsecured, interest free, have no fixed date of repayment and are repayable on demand.

Accruals and other creditors are based on underlying contracts.
       
9. Capital commitments
 
The company had no material capital commitments at the financial year-ended 31 December 2024.
       
10. Security for subsidiary borrowings
 

Lantanier UK Limited owns 100% of the share capital of WED Coal Limited. As parent, it has secured the bank borrowings of this subsidiary company by means of the following:

(i) Fixed share charge over the 2 ordinary £2 shares which it holds in Wed Coal Limited; and

(ii) Assignment and fixed charge over the shareholder agreement between Lantanier UK Limited and WED Coal Limited and which includes all proceeds which may arise from that contract.
           
11. Related party transactions
 
Included within creditors as at the balance sheet date, is a sum payable to Coldmount Unlimited Company of £288,097 (2023: £288,097) which was a former parent of this company.
   
12. Parent and ultimate parent company
 
The company regards Easky Holdings as its parent company.
 
The companys ultimate parent undertaking is Easky One. The Companys ultimate controlling party is considered to be the directors of Easky One.
Both Easky Holdings and Easky One are Isle of Man registered companies with a registered office address at 33-37 Athol Street, Douglas, Isle of Man IM1 1LB.
 
   
13. Post-Balance Sheet Events
 
There have been no significant events affecting the Company since the year end.