Phoenix Hydro Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 14684184

		31 December 2024		29 February 2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		233,202		102,260

			233,202		102,260
CURRENT ASSETS
Debtors	5	1,745		23,765
Cash at bank and in hand		558		10,346

		2,303		34,111
Creditors: Amounts Falling Due Within One Year	6	(45,838 )		(62,584 )

NET CURRENT ASSETS (LIABILITIES)			(43,535 )		(28,473 )

TOTAL ASSETS LESS CURRENT LIABILITIES			189,667		73,787

Creditors: Amounts Falling Due After More Than One Year	7		(266,808 )		(94,872 )

NET LIABILITIES			(77,141 )		(21,085 )

CAPITAL AND RESERVES
Called up share capital	8		100		100
Profit and Loss Account			(77,241 )		(21,185 )

SHAREHOLDERS' FUNDS			(77,141)		(21,085)

Page 1

Page 2

Phoenix Hydro Ltd

Balance Sheet (continued)

As At 31 December 2024

For the period 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 Jan Tosnar

Director

01/12/2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Phoenix Hydro Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14684184 . The registered office is Wellington House, 273-275 High Street, London Colney, Hertfordshire, AL2 1HA.

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. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery

Stright line over life of asset

3. Average Number of Employees

Average number of employees, including directors, during the period was: NIL (2024: NIL)

4. Tangible Assets

	Plant & Machinery
	£
Cost
As at 1 March 2024	102,260
Additions	130,942

As at 31 December 2024	233,202

Net Book Value
As at 31 December 2024	233,202

As at 1 March 2024	102,260

5. Debtors

	31 December 2024	29 February 2024
	£	£
Due within one year
Amounts owed by group undertakings	-	12,240
Other debtors	1,645	11,425

	1,645	23,665
Due after more than one year
Amounts owed by group undertakings	100	100

	1,745	23,765

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Page 4

Phoenix Hydro Ltd

Notes to the Financial Statements (continued)

For the Period 1 March 2024 to 31 December 2024

6. Creditors: Amounts Falling Due Within One Year

	31 December 2024	29 February 2024
	£	£
Trade creditors	38,888	61,084
Amounts owed to group undertakings	3,000	-
Other creditors	3,950	1,500

	45,838	62,584

7. Creditors: Amounts Falling Due After More Than One Year

	31 December 2024	29 February 2024
	£	£
Amounts owed to group undertakings	266,808	94,872

8. Share Capital

	31 December 2024	29 February 2024
	£	£
Allotted, Called up and fully paid	100	100

9. Related Party Transactions

During the year a loan was provided from Renfin International a.s to Phoenix Hydro Ltd. Interest of 7% p.a is payable on this loan. At the balance sheet date the amount due to Renfin International a.s was £266,807 (2023: £94,872).

10. Ultimate Parent Undertaking and Controlling Party

The company's ultimate parent undertaking is Renfin International a.s . The controlling party is H2O Power Ltd who controls 100% of the shares of Phoenix Hydro Ltd .