REGISTERED NUMBER: 10824037 (England and Wales)

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

WARLEY BATTERY STORAGE LIMITED

Page

Company Information

1

Report of the Directors

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

5

Directors:

D R Weeks

J P Hardy

Registered office:

C/o Foresight Group Llp, The Shard,

32 London Bridge Street,

London

SE1 9SG

Registered number:

10824037 (England and Wales)

The directors present their report with the financial statements of the company for the year ended 31 December 2024.

Principal activity

The principal activity of the company in the year under review was that of owning of a Battery Energy Storage Facility, which was under construction during the year. The Company expects to pursue a principal trading activity primarily focused on the storage and sale of electricity, once construction reaches completion.

Directors

D R Weeks has held office during the whole of the period from 1 January 2024 to the date of this report.

Other changes in directors holding office are as follows:

J P Hardy was appointed as a director after 31 December 2024 but prior to the date of this report.

S Ullah and F Yusibov ceased to be directors after 31 December 2024 but prior to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

On behalf of the board:

D R Weeks - Director

10 December 2025

Turnover

-

-

Administrative expenses

(96,346

)

(1,689,099

)

Operating loss

(96,346

)

(1,689,099

)

Interest payable and similar expenses

(101,065

)

(63,067

)

Loss before taxation

(197,411

)

(1,752,166

)

Tax on loss

68,991

-

Loss for the financial year

(128,420

)

(1,752,166

)

Fixed assets

Tangible assets

4

84,152

24,264

Current assets

Debtors

5

521,382

343,926

Cash at bank

61,843

-

583,225

343,926

Creditors

Amounts falling due within one year

6

(174,359

)

(79,246

)

Net current assets

408,866

264,680

Total assets less current liabilities

493,018

288,944

Creditors

Amounts falling due after more than one year

7

(2,956,467

)

(2,870,979

)

Net liabilities

(2,463,449

)

(2,582,035

)

Capital and reserves

Called up share capital

3,301

829

Share premium

316,527

71,993

Retained earnings

(2,783,277

)

(2,654,857

)

(2,463,449

)

(2,582,035

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 10 December 2025 and were signed on its behalf by:

D R Weeks - Director

1.	Statutory information

Warley Battery Storage Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on a going concern basis. The directors have assessed the company’s financial position and future cash flows and have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.

Tangible fixed assets

Assets are currently under construction and therefore will not be depreciated until they are in use.

3.	Employees and directors

The average number of employees during the year was NIL (2023 - NIL).

4.	Tangible fixed assets

Plant and

machinery

£

Cost

At 1 January 2024

24,264

Additions

59,888

At 31 December 2024

84,152

Net book value

At 31 December 2024

84,152

At 31 December 2023

24,264

5.

Debtors

31.12.24

31.12.23

£

£

Amounts falling due within one year:

Trade debtors

-

337,161

Amounts owed by group undertakings

5,894

-

Other debtors

9,100

-

VAT

31,621

6,765

Deferred tax asset

68,991

-

Prepayments and accrued income

61,251

-

176,857

343,926

31.12.24

31.12.23

£

£

Amounts falling due after more than one year:

Other debtors

344,525

-

Aggregate amounts

521,382

343,926

6.

Creditors: amounts falling due within one year

31.12.24

31.12.23

£

£

Trade creditors

10,802

14,040

Amounts owed to group undertakings

163,557

63,067

Accruals and deferred income

-

2,139

174,359

79,246

7.

Creditors: amounts falling due after more than one year

31.12.24

31.12.23

£

£

Amounts owed to group undertakings

1,279,068

1,193,580

Other creditors

1,677,399

1,677,399

2,956,467

2,870,979

8.	Related party disclosures

At the end of the year the company owed a long-term loan of £1,279,068 (2023 - £1,193,580) to Warley Battery Storage Holding Limited, the parent company.

Interest payable is calculated at a flat rate of 8% and amounted to £100,491 (2023 - £63,067) during the year. The interest payable balance at the end of the year amounted to £157,663 (2023 - £63,067).

Additionally at the end of the year the company was owed £5,894 (2023 - £nil) in short term working capital requirements from its parent entity.

During the year the aggregate cost of services provided by Foresight Asset Management Limited, a related party through common control, in respect of asset management fees, amounted to £13,588 (2023 - £9,750), of which £nil was outstanding at the end of the year.

9.	Ultimate controlling party

The ultimate controlling party is Foresight Energy Infrastructure Partners S.C.Sp, a private, regulated fund resident in Luxembourg.