Onnu Ltd - Accounts

Onnu Ltd
Directors' Report
For the year ended 30 September 2025

Director's report and financial statements

The directors present their annual report and the financial statements for the year ended 30 September 2025.

Principal activities

The principal activity of the company during the financial year was of the deployment of expertise in the fields of biomass energy, biochar and carbon markets to identify beneficial locations for pyrolysis plants, secure funding, arrange installation and launch operating companies.

Directors

The directors who served the company throughout the year were as follows:

Giles Welch

Sarah Welch

Statement of directors' responsibilities

The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.

In preparing these financial statements, the directors are required to :-
- select suitable accounting policies and then apply them consistently
- make judgements and accounting estimates that are reasonable and prudent
- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the companys transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

This report was approved by the board and signed on its behalf by:

----------------------------------
Giles Welch
Director

Date approved: 27 October 2025

Registered Number: 13656501 Onnu Ltd
Statement of Financial Position
As at 30 September 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	3	74,770	151,376
		74,770	151,376
Current assets
Debtors	4	716,702	1,257,214
Cash at bank and in hand		844,416	4,727
		1,561,118	1,261,941
Creditors: amount falling due within one year	5	(743,046)	(1,008,504)
Net current assets		818,072	253,437

Total assets less current liabilities		892,842	404,813
Creditors: amount falling due after more than one year	6	(1,433,559)	(1,600,529)
Net assets		(540,717)	(1,195,716)

Capital and reserves
Called up share capital		128	128
Share premium account	7	499,972	499,972
Fair Value Reserves	8	-	50,560
Profit and loss account		(1,040,817)	(1,746,376)
Shareholders' funds		(540,717)	(1,195,716)

For the year ended 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts 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 accounts.

These 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 to the Registrar of Companies.

The financial statements were approved by the board of directors on 27 October 2025 and were signed on its behalf by:

-------------------------------
Giles Welch
Director

Onnu Ltd
Statement of Changes in Equity
For the year ended 30 September 2025

	Equity share capital	Equity share premium	Retained Earnings	Total
	£	£	£	£
At 01 October 2023	128	499,972	(1,076,304)	(576,204)
Profit for the year			(670,072)	(670,072)
Total comprehensive income for the year	-	-	(670,072)	(670,072)
Total investments by and distributions to owners	-	-	-	-
At 30 September 2024	128	499,972	(1,746,376)	(1,246,276)
At 01 October 2024	128	499,972	(1,746,376)	(1,246,276)
Profit for the year			705,559	705,559
Total comprehensive income for the year	-	-	705,559	705,559
Total investments by and distributions to owners	-	-	-	-
At 30 September 2025	128	499,972	(1,040,817)	(540,717)

Onnu Ltd
Notes to the Financial Statements
For the year ended 30 September 2025

General Information

Onnu Ltd is a private company, limited by shares, registered in England and Wales, registration number 13656501, registration address 3 Brickfields Business Park, Old Stowmarket Road, Woolpit, Bury St Edmunds, Suffolk, IP30 9QS.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Going concern basis

The directors believe that the company has a very good chance of generating high levels of sales in the future and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company 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 financial statements.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Operating lease rentals

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

Finance lease and hire purchase charges

The finance element of the rental payment is charged to the income statement on a straight line basis.

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment.
Where assets have been acquired at a discount a fair value revaluation has taken place, credit arising has been taken to a fair value reserve.
Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Motor Vehicles	20% Reducing Balance
Plant and Machinery	5 years Straight Line

Assets on finance lease and hire purchase

Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2.	Average number of employees Average number of employees during the year was 9 (2024 : 7).

Tangible fixed assets

Cost or valuation	Plant and Machinery	Motor Vehicles	Total
	£	£	£
At 01 October 2024	84,469	115,910	200,379
Additions	14,214	-	14,214
Disposals	(70,000)	-	(70,000)
At 30 September 2025	28,683	115,910	144,593
Depreciation
At 01 October 2024	8,517	40,485	49,002
Charge for year	5,736	15,085	20,821
On disposals	-	-	-
At 30 September 2025	14,253	55,570	69,823
Net book values
Closing balance as at 30 September 2025	14,430	60,340	74,770
Opening balance as at 01 October 2024	75,951	75,425	151,376

The net book value of Motor Vehicles includes £ 60,340 (2024 £75,425) in respect of assets leased under finance leases or hire purchase contracts.

Debtors: amounts falling due within one year

	2025 £	2024 £
Trade Debtors	591,702	1,132,214
Prepayments & Accrued Income	125,000	125,000
	716,702	1,257,214

Creditors: amount falling due within one year

	2025 £	2024 £
Trade Creditors	113,597	1,163
PAYE & Social Security	14,803	36,566
Accrued Expenses	354,647	945,460
Other Creditors	2,006	2,964
Obligations under HP/Financial Leases	57,016	15,919
VAT	200,977	6,432
	743,046	1,008,504

Creditors: amount falling due after more than one year

	2025 £	2024 £
Obligations Under HP/Financial Leases	-	58,504
Directors' Loan Accounts	1,433,559	1,542,025
	1,433,559	1,600,529

Share premium account

	2025 £		2024 £
Equity Share Premium b/fwd	499,972		499,972
	499,972		499,972

Fair Value Reserves

	2025 £		2024 £
Fair Value Reserve	-		50,560
	-		50,560

Related parties

During the year the company entered into the following transactions with related parties:

	Transaction value - income/(expenses)				Balance owed by/(owed to)
	2025 £		2024 £		2025 £		2024 £
Giles Welch	-		(54,539)		(1,433,559)		(1,542,025)

A loan existed from the director. No interest has been charged this year (2024: £54,539)


Registered Number: 13656501
England and Wales
Unaudited Financial Statements

for the year ended 30 September 2025
for
ONNU LTD