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Registration number: 10517155

Powerline 1 Limited
Annual Report and Unaudited Financial Statements
for the Year Ended 31 May 2025

Powerline 1 Limited

Contents
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Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 5

Powerline 1 Limited

Company Information
__________________________________________________________________________

Director | L Richards

Registered office | 342 Regents Park Road Finchley London N3 2LJ

Accountants | Brooks Green Chartered AccountantsAbbey House 342 Regents Park Road London N3 2LJ

Powerline 1 Limited

(Registration number: 10517155)
Balance Sheet as at 31 May 2025
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| Note | 2025 £ | 2024 £
Current assets |  |  |  |  |
Debtors | 4 |  | 146,558 |  | 197,778
Creditors: Amounts falling due within one year | 5 |  | - |  | (51,220)
Net assets |  |  | 146,558 |  | 146,558
Capital and reserves |  |  |  |  |
Called up share capital | 6 | 100 |  | 100 |
Retained earnings |  | 146,458 |  | 146,458 |
Shareholders' funds |  |  | 146,558 |  | 146,558

For the financial year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act 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. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 7 November 2025

......................................... L Richards Director

Powerline 1 Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025
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1 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Powerline 1 Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025
__________________________________________________________________________

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

2 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

3 | Investment properties

| 2025 £

Investment properties are included at its cost, plus attributable development costs, and valued to its fair value.
Gains are recognised in the statement of recognised gains and losses in the income statement.

There has been no valuation of investment property by an independent valuer.

4 | Debtors

Current | 2025 £ | 2024 £
Other debtors | 146,558 | 197,778
| 146,558 | 197,778

Powerline 1 Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025
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5 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Taxation and social security | - | 48,820
Accruals and deferred income | - | 2,400
| - | 51,220

6 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £1 each | 100 | 100 | 100 | 100