REGISTERED NUMBER: 10824109 (England and Wales)

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 31 DECEMBER 2023 TO 31 DECEMBER 2024

FOR

SUNDON 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:

10824109 (England and Wales)

The directors present their report with the financial statements of the company for the period 31 December 2023 to 31 December 2024.

Principal activity

The principal activity of the company in the period 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 31 December 2023 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

221

(148,060

)

Operating profit/(loss)

221

(148,060

)

Interest receivable and similar income

107

-

328

(148,060

)

Interest payable and similar expenses

(191,459

)

(140,696

)

Loss before taxation

(191,131

)

(288,756

)

Tax on loss

139,180

-

Loss for the financial period

(51,951

)

(288,756

)

Fixed assets

Tangible assets

4

186,379

38,979

Current assets

Debtors

5

1,345,440

1,040,481

Cash at bank

565,526

1,250

1,910,966

1,041,731

Creditors

Amounts falling due within one year

6

(405,476

)

(206,770

)

Net current assets

1,505,490

834,961

Total assets less current liabilities

1,691,869

873,940

Creditors

Amounts falling due after more than one year

7

(2,626,878

)

(2,177,547

)

Net liabilities

(935,009

)

(1,303,607

)

Capital and reserves

Called up share capital

5,451

1,247

Share premium

651,177

234,832

Retained earnings

(1,591,637

)

(1,539,686

)

(935,009

)

(1,303,607

)

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

The members have not required the company to obtain an audit of its financial statements for the period 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

Sundon 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 period was NIL (2023 - NIL).

4.	Tangible fixed assets

Plant and

machinery

£

Cost

At 31 December 2023

38,979

Additions

147,400

At 31 December 2024

186,379

Net book value

At 31 December 2024

186,379

At 30 December 2023

38,979

5.

Debtors

31.12.24

30.12.23

£

£

Amounts falling due within one year:

Trade debtors

96,096

1,011,531

VAT

39,292

28,950

Deferred tax asset

139,180

-

Prepayments and accrued income

309

-

274,877

1,040,481

Amounts falling due after more than one year:

Other debtors

1,070,563

-

Aggregate amounts

1,345,440

1,040,481

6.

Creditors: amounts falling due within one year

31.12.24

30.12.23

£

£

Interest payable

402,089

216,324

Other creditors

2

-

Accruals and deferred income

3,385

(9,554

)

405,476

206,770

7.

Creditors: amounts falling due after more than one year

31.12.24

30.12.23

£

£

Shareholder loan

2,626,878

2,177,547

8.	Related party disclosures

At the end of the reporting period the company owed a long-term loan of £2,626,878 (2023 - £2,177,547) to Sundon Battery Storage Holding Limited, the parent company.

Interest payable is calculated at a flat rate of 8% and amounted to £191,459 (2023 - £140,696) during the reporting period. The interest payable balance at the end of the reporting period amounted to £402,089 (2023 - £216,324).

Additionally at the end of the reporting period the company was owed £nil (2023 - £11,700) in short term working capital requirements from its parent entity.

During the reporting period 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 reporting period.

9.	Ultimate controlling party

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