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Registered number: 05146688









BIOGAS TECHNOLOGY (SAWTRY) LIMITED









DIRECTORS' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

 
BIOGAS TECHNOLOGY (SAWTRY) LIMITED
 
 
COMPANY INFORMATION


Directors
T Scott 
I Gadsby 
P Noland 




Registered number
05146688



Registered office
Edison House
Daniel Adamson Road

Salford

Manchester

M50 1DT




Independent auditor
Forvis Mazars LLP
Chartered Accountants and Statutory Auditor

1 St Peter's Square

Manchester

M2 3DE




Bankers
Barclays Bank plc

Leicester

Leicestershire

LE87 2BB




Solicitors
Stevens & Bolton LLP
Wey House

Farnham Road

Guildford

GU1 4YD





 
BIOGAS TECHNOLOGY (SAWTRY) LIMITED
 

CONTENTS



Page
Directors' report
1 - 2
Independent auditor's report
3 - 6
Statement of income and retained earnings
7
Balance sheet
8
Statement of changes in equity
9
Notes to the financial statements
10 - 16


 
BIOGAS TECHNOLOGY (SAWTRY) LIMITED
 
 
 
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 MARCH 2025

The directors present their report and the financial statements for the year ended 31 March 2025.

Directors' responsibilities statement

The directors are responsible for preparing the Directors' report and the financial statements in accordance with applicable law and regulations.
 
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 applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. 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 of the profit or loss of the Company for that period.

 In preparing these financial statements, the directors are required to:


select suitable accounting policies for the Company's financial statements and then apply them consistently;

make judgements and accounting estimates that are reasonable and prudent;

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 Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006They 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.

Principal activity

The Company has the rights to Landward Production Licences.

Directors

The directors who served during the year were:

T Scott 
I Gadsby 
P Noland 

Principal risks and uncertainties

The directors periodically review and agree objectives for managing key risks. These risks and the way in which the Company seeks to manage them, are summarised below:

Liquidity risk and interest rate risk

The Company seeks to manage financial risk by ensuring sufficient liquidity is available to meet foreseeable needs and to invest cash assets safely and profitably.

Page 1

 
BIOGAS TECHNOLOGY (SAWTRY) LIMITED
 
 
 
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025

Qualifying third party indemnity provisions

Ylem Group Limited (the 'Ultimate parent undertaking') has appropriate Directors' and Officers' insurance covering all Directors for all subsidiaries within the Group.

Going Concern

The financial statements have been prepared on the going concern basis for the reasons set out in note 2.3.

Disclosure of information to auditor

The directors confirm that:
 
so far as the directors are aware, there is no relevant audit information of which the Company's auditor is unaware, and

the directors have taken all the steps that they ought to have taken as directors in order to make themselves aware of any relevant audit information and to establish that the Company's auditor is aware of that information.

Auditor

The auditor, Forvis Mazars LLPwill be proposed for reappointment in accordance with section 485 of the Companies Act 2006.

Small companies note

In preparing this report, the directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

This report was approved by the board on 25 November 2025 and signed on its behalf.
 





P Noland
Director

Page 2

 
BIOGAS TECHNOLOGY (SAWTRY) LIMITED
 
 
 
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF BIOGAS TECHNOLOGY (SAWTRY) LIMITED
 

Opinion

We have audited the financial statements of Biogas Technology (Sawtry) Limited (the ‘company’) for the year ended 31 March 2025 which comprise the Statement of income and retained earnings, the Balance sheet and notes to the financial statements, including a summary of significant accounting policies.

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” (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:
give a true and fair view of the state of the company's affairs as at 31 March 2025 and of its loss for the 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 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.

Page 3

 
BIOGAS TECHNOLOGY (SAWTRY) LIMITED
 
 
 
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF BIOGAS TECHNOLOGY (SAWTRY) LIMITED
 

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:
the information given in the directors’ report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the directors’ report has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the directors’ report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:
adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; 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 and from the requirement to prepare a strategic report.

Responsibilities of Directors

As explained more fully in the directors’ responsibilities statement set out on page 1, 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 the directors 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 have 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 the financial statements. 

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.

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. 

Based on our understanding of the company and its industry, we considered that non-compliance with the
Page 4

 
BIOGAS TECHNOLOGY (SAWTRY) LIMITED
 
 
 
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF BIOGAS TECHNOLOGY (SAWTRY) LIMITED
 

following laws and regulations might have a material effect on the financial statements: employment regulation, health and safety regulation and anti-money laundering regulation.

To help us identify instances of non-compliance with these laws and regulations, and in identifying and assessing the risks of material misstatement in respect to non-compliance, our procedures included, but were not limited to:
Inquiring of management and, where appropriate, those charged with governance, as to whether the company is in compliance with laws and regulations, and discussing their policies and procedures regarding compliance with laws and regulations;
Inspecting correspondence, if any, with relevant licensing or regulatory authorities;
Communicating identified laws and regulations to the engagement team and remaining alert to any indications of non-compliance throughout our audit; and
Considering the risk of acts by the company which were contrary to applicable laws and regulations, including fraud.  

We also considered those laws and regulations that have a direct effect on the preparation of the financial statements, such as tax legislation, and the Companies Act 2006. 

In addition, we evaluated the directors’ and management’s incentives and opportunities for fraudulent manipulation of the financial statements, including the risk of management override of controls, and determined that the principal risks related to posting manual journal entries to manipulate financial performance, management bias through judgements and assumptions in significant accounting estimates, and significant one-off or unusual transactions. 

Our audit procedures in relation to fraud included but were not limited to:
Making enquiries of the directors and management on whether they had knowledge of any actual, suspected or alleged fraud;
Gaining an understanding of the internal controls established to mitigate risks related to fraud;
Discussing amongst the engagement team the risks of fraud; and
Addressing the risks of fraud through management override of controls by performing journal entry testing.

There are inherent limitations in the audit procedures described above and the primary responsibility for the prevention and detection of irregularities including fraud rests with management. As with any audit, there remained a risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations or the override of internal controls.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at www.frc.org.uk/auditorresponsibilities. This description forms part of our auditor’s report.
Page 5

 
BIOGAS TECHNOLOGY (SAWTRY) LIMITED
 
 
 
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF BIOGAS TECHNOLOGY (SAWTRY) LIMITED
 


Use of the audit 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.


 
Christopher Martin (Senior Statutory Auditor) 
for and on behalf of Forvis Mazars LLP
Chartered Accountants and Statutory Auditor 
1 St Peters Square
Manchester M2 3DE
25 November 2025
Page 6

 
BIOGAS TECHNOLOGY (SAWTRY) LIMITED
 
 
STATEMENT OF INCOME AND RETAINED EARNINGS
FOR THE YEAR ENDED 31 MARCH 2025

2025
2024
£
£

  

Administrative expenses
  
(45,771)
(22,583)

Operating loss
  
(45,771)
(22,583)

Interest payable and similar expenses
 6 
(2,087)
-

Loss before tax
  
(47,858)
(22,583)

Tax on loss
 7 
5,608
-

Loss after tax
  
(42,250)
(22,583)

  

  

Retained earnings at the beginning of the year
  
(155,194)
(132,611)

  
(155,194)
(132,611)

Loss for the year
  
(42,250)
(22,583)

Retained earnings at the end of the year
  
(197,444)
(155,194)

The notes on pages 10 to 16 form part of these financial statements.

Page 7

 
BIOGAS TECHNOLOGY (SAWTRY) LIMITED
REGISTERED NUMBER: 05146688

BALANCE SHEET
AS AT 31 MARCH 2025

2025
2024
Note
£
£

Fixed assets
  

Intangible assets
 8 
1
1

  
1
1

Current assets
  

Debtors: amounts falling due within one year
 9 
6,764
1,565

Cash at bank and in hand
 10 
6,360
17,027

  
13,124
18,592

Creditors: amounts falling due within one year
 11 
(70,568)
(33,786)

Net current liabilities
  
 
 
(57,444)
 
 
(15,194)

Total assets less current liabilities
  
(57,443)
(15,193)

  

Net liabilities
  
(57,443)
(15,193)


Capital and reserves
  

Called up share capital 
 12 
140,001
140,001

Profit and loss account
 13 
(197,444)
(155,194)

  
(57,443)
(15,193)


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 financial statements were approved and authorised for issue by the board and were signed on its behalf on 25 November 2025.




P Noland
Director

The notes on pages 10 to 16 form part of these financial statements.

Page 8

 
BIOGAS TECHNOLOGY (SAWTRY) LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2025


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 April 2023
140,001
(132,611)
7,390


Comprehensive income for the year

Loss for the year
-
(22,583)
(22,583)
Total comprehensive income for the year
-
(22,583)
(22,583)



At 1 April 2024
140,001
(155,194)
(15,193)


Comprehensive income for the year

Loss for the year
-
(42,250)
(42,250)
Total comprehensive income for the year
-
(42,250)
(42,250)


At 31 March 2025
140,001
(197,444)
(57,443)


The notes on pages 10 to 16 form part of these financial statements.

Page 9

 
BIOGAS TECHNOLOGY (SAWTRY) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1.


General information

Biogas Technology (Sawtry) Limited is a company limited by shares incorporated in England and Wales. Registered number 05146688. It's registered head office is located at Edison House, Daniel Adamson Road, Salford, Manchester, M50 1DT.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006.

 
2.2

Financial Reporting Standard 102 - reduced disclosure exemptions

The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":
the requirements of Section 7 Statement of Cash Flows;
the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d);
the requirements of Section 11 Financial Instruments paragraphs 11.42, 11.44 to 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);
the requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.27, 12.29(a), 12.29(b) and 12.29A;
the requirements of Section 26 Share-based Payment paragraphs 26.18(b), 26.19 to 26.21 and 26.23;
the requirements of Section 33 Related Party Disclosures paragraph 33.7.

This information is included in the consolidated financial statements of Ylem Group Limited as at 31 March 2025 and these financial statements may be obtained from Companies House.

 
2.3

Going concern

The Company is a subsidiary of Ylem Group Limited. The parent company has confirmed its intention to support the Company for a period of at least twelve months from the date of signing these financial statements, to the extent required, and, having made enquiries of the parent company directors, the Company director has no reason to doubt the parent’s ability to do so.
The directors consider that the Company has adequate resources to continue in operation for the foreseeable future, and so they continue to adopt the going concern basis in preparing the Annual Financial Statements for the year ended 31 March 2025.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 10

 
BIOGAS TECHNOLOGY (SAWTRY) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

 
2.7

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.9

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an
Page 11

 
BIOGAS TECHNOLOGY (SAWTRY) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)


2.11
Financial instruments (continued)

out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of income and retained earnings.
For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.
Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


3.


Judgements in applying accounting policies and key sources of estimation uncertainty

There are no areas of the financial statements that require significant judgement or estimation.


4.


Auditor's remuneration

2025
2024
£
£

Fees payable to the Company's auditor for the audit of the Company's financial statements
5,748
5,500

The Company has taken advantage of the exemption not to disclose amounts paid for non-audit services as these are disclosed in the consolidated accounts of the parent Company.

Page 12

 
BIOGAS TECHNOLOGY (SAWTRY) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

5.


Employees




The Company has no employees other than the directors, who did not receive any remuneration (2024 - £NIL).

The emoluments of the Directors are paid by a fellow group undertaking, which makes no recharge to the Company. They are Directors of a number of fellow subsidiaries and it is not possible to make an accurate apportionment to their emoluments in respect of each of the subsidaries.


6.


Interest payable and similar expenses

2025
2024
£
£



Group loan interest payable
2,087
-

2,087
-


7.


Taxation


2025
2024
£
£

Corporation tax


Adjustments in respect of previous periods
(5,608)
-


(5,608)
-


Total current tax
(5,608)
-
Page 13

 
BIOGAS TECHNOLOGY (SAWTRY) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
 
7.Taxation (continued)


Factors affecting tax charge for the year

The tax assessed for the year is higher than (2024 - higher than) the standard rate of corporation tax in the UK of 25% (2024 - 25%). The differences are explained below:

2025
2024
£
£


Loss on ordinary activities before tax
(47,858)
(22,583)


Loss on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2024 - 25%)
(11,965)
(5,646)

Effects of:


Remeasurement of deferred tax for changes in tax rates
-
(1)

Expenses not deductible for tax purposes
-
38

Movement in deferred tax not recognised
11,965
5,609

Adjustments to tax charge in respect of prior periods
(5,608)
-

Total tax charge for the year
(5,608)
-

The company has unused tax losses of £255,265 (2024: £229,840), for which deferred tax assets of £63,816  (2024: £57,460) have not been recognised.


Factors that may affect future tax charges

There were no factors that may affect future tax charges.

Page 14

 
BIOGAS TECHNOLOGY (SAWTRY) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

8.


Intangible assets




Patents

£



Cost


At 1 April 2024
1



At 31 March 2025

1






Net book value



At 31 March 2025
1



At 31 March 2024
1




9.


Debtors

2025
2024
£
£


Amounts owed by group undertakings
5,608
-

Other debtors
1,156
617

Prepayments and accrued income
-
948

6,764
1,565


Amounts owed by group undertakings includes £5,608 (2024: £Nil) for group relief surrendered.


10.


Cash

2025
2024
£
£

Cash at bank and in hand
6,360
17,027

6,360
17,027


Page 15

 
BIOGAS TECHNOLOGY (SAWTRY) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

11.


Creditors: Amounts falling due within one year

2025
2024
£
£

Trade creditors
3,938
324

Amounts owed to group undertakings
56,537
-

Accruals and deferred income
10,093
33,462

70,568
33,786


Amount owed to group undertakings are unsecured and repayable in not less than 12 months. Interest is charged at base rate plus 5% per annum.


12.


Share capital

2025
2024
£
£
Allotted, called up and fully paid



140,001 (2024 - 140,001) Ordinary shares of £1 each
140,001
140,001



13.


Reserves

Profit and loss account

Includes all current and prior period retained profits and losses.


14.


Related party transactions

The Company has claimed the exemption contained in section 33 of FRS 102, which is available to wholly-owned subsidiaries, not to disclose related party transactions with other members of the Group.


15.


Controlling party

During the year ended 31 March 2025, the immediate and ultimate holding company was Ylem Group Limited; a company incorporated in the United Kingdom, whose registered address is the same as the Company's as disclosed on the Company information page. Ylem Group Limited was the parent of the largest and smallest group of companies, of which the company is a member, that produces consolidated accounts. Ylem Group Limited was ultimately owned by a family trust of Mr Tim Scott, which was considered to be the ultimate controlling party.
On 18th November 2025, Atari Limited, a Company registered in Jersey became the immediate and ultimate parent undertaking of Ylem Group Limited. Atari Limited is owned by a family trust of Mr Tim Scott, which is considered to be the ultimate controlling party.
Group financial statements for Ylem Group Limited are available from Companies House, Crown Way, Cardiff, CF14 3UZ.

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