COMPANY REGISTRATION NUMBER:
12645785
|
FILLETED FINANCIAL STATEMENTS |
|
30 April 2025
|
30 Apr 25 |
31 Jan 24 |
|
Note |
£ |
£ |
£ |
£ |
|
|
|
|
|
Current assets
|
Stocks |
1,001,100 |
|
466,127 |
|
|
Debtors |
5 |
101,730 |
|
4,991 |
|
|
----------- |
|
-------- |
|
|
1,102,830 |
|
471,118 |
|
|
|
|
|
|
|
|
Creditors: amounts falling due within one year |
6 |
(
1,112,630) |
|
(
474,918) |
|
|
----------- |
|
-------- |
|
|
Net current liabilities |
|
(
9,800) |
|
(
3,800) |
|
|
------ |
|
------ |
|
Total assets less current liabilities |
|
(
9,800) |
|
(
3,800) |
|
|
------ |
|
------ |
|
Net liabilities |
|
(
9,800) |
|
(
3,800) |
|
|
------ |
|
------ |
|
|
|
|
|
|
Capital and reserves
|
Called up share capital |
7 |
|
100 |
|
100 |
|
Profit and loss account |
|
(
9,900) |
|
(
3,900) |
|
|
------ |
|
------ |
|
Shareholders deficit |
|
(
9,800) |
|
(
3,800) |
|
|
------ |
|
------ |
|
|
|
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements were approved by the
board of directors
and authorised for issue on
24 November 2025
, and are signed on behalf of the board by:
|
J L Gandia Fornes |
|
Director |
|
Company registration number:
12645785
|
NOTES TO THE FINANCIAL STATEMENTS |
|
PERIOD FROM 1 FEBRUARY 2024 TO 30 APRIL 2025
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 2 Crossways Business Centre, Bicester Road, Kingswood, Aylesbury, Buckinghamshire, HP18 0RA, United Kingdom.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
After reviewing the company's forecasts and projections, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, with the support of the parent company which has indicated its willingness to provide financial support as would be necessary for the company to meet its obligations as they fall due in the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
Basic financial assets, which include other receivables, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method. At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss. Basic financial liabilities, which include loans from fellow group undertakings, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.
4.
Employee numbers
The average number of persons employed by the company during the period amounted to
3
(2024:
2
).
5.
Debtors
|
30 Apr 25 |
31 Jan 24 |
|
£ |
£ |
|
Other debtors |
101,730 |
4,991 |
|
-------- |
------ |
|
|
|
6.
Creditors:
amounts falling due within one year
|
30 Apr 25 |
31 Jan 24 |
|
£ |
£ |
|
Trade creditors |
– |
16,260 |
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
1,106,630 |
457,858 |
|
Other creditors |
6,000 |
800 |
|
----------- |
-------- |
|
1,112,630 |
474,918 |
|
----------- |
-------- |
|
|
|
7.
Called up share capital
Issued, called up and fully paid
|
30 Apr 25 |
31 Jan 24 |
|
No. |
£ |
No. |
£ |
|
Ordinary shares of £ 1 each |
100 |
100 |
100 |
100 |
|
---- |
---- |
---- |
---- |
|
|
|
|
|
8.
Summary audit opinion
The auditor's report dated
24 November 2025
was
unqualified
.
The senior statutory auditor was
W J E Kerr
, for and on behalf of
Xeinadin Audit Limited
.
9.
Controlling party
Up to 27th March 2025, the immediate parent entity was Pathfinder Clean Energy (PACE) Ltd, a company incorporated in England and Wales. As at 30 April 2025, the immediate parent company is Padero Solaer Ltd, a company incorporated in England and Wales. As at 30 April 2025, the ultimate parent company was Sumando Acciones SL, a company incorporated in Spain. The smallest and largest group to prepare consolidated financial statements which include PACE Nano Energy Ltd is Sumando Ltd. The address of the registered office for Sumando Ltd is 2 Crossways Business Centre, Bicester Road, Kingswood, Aylesbury, Bucks HP18 0RA. The consolidated financial statements for Sumando Ltd can be obtained from Companies House, Crown Way, Cardiff CF14 3UZ. As at 30 April 2025, the ultimate controlling parties are Cecu Solar SL and Los Leandros Solares SL, both companies are incorporated in Spain and have equal control.