Company No: 09341376 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	Carolyn Molesworth St Aubyn
	William Molesworth St Aubyn

REGISTERED OFFICE	Tetcott Manor
	Tetcott
	Holsworthy
	North Devon
	EX22 6QZ
	United Kingdom

COMPANY NUMBER

09341376 (England and Wales)

ACCOUNTANT	S&W Partners LLP
	Old Library Chambers
	21 Chipper Lane
	Salisbury
	Wiltshire
	SP1 1BG

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	2,748,591		2,833,784
		2,748,591		2,833,784
Current assets
Debtors	4	115,255		262,808
Cash at bank and in hand		2,144,011		2,177,005
		2,259,266		2,439,813
Creditors: amounts falling due within one year	5	( 374,418)		( 427,708)
Net current assets		1,884,848		2,012,105
Total assets less current liabilities		4,633,439		4,845,889
Creditors: amounts falling due after more than one year	6	( 2,928,039)		( 3,133,759)
Provision for liabilities		( 565,892)		( 560,555)
Net assets		1,139,508		1,151,575
Capital and reserves
Called-up share capital		1,000		1,000
Profit and loss account		1,138,508		1,150,575
Total shareholder's funds		1,139,508		1,151,575

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Tetcott Energy Limited (registered number: 09341376) were approved and authorised for issue by the Board of Directors on 15 December 2025. They were signed on its behalf by:

Carolyn Molesworth St Aubyn Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Tetcott Energy Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Tetcott Manor, Tetcott, Holsworthy, North Devon, EX22 6QZ, United Kingdom.

The financial statements have been prepared under the historical cost convention and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The functional currency of Tetcott Energy Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

These financial statements are separate financial statements.

Turnover

Turnover comprises electricity income generated by subsidies and feed in tariffs. Turnover is recognised when the services have been provided in accordance with the relevant agreements and, in the case of subsidies, when the obligations have been satisfied and the subsidies are therefore receivable.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on enacted or substantively enacted tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised.

Tangible fixed assets

Tangible fixed assets are stated at cost, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery	4 years straight line
Vehicles	25 % reducing balance
Computer equipment	33 % reducing balance
Other property, plant and equipment	20 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to the profit and loss account.

Financial instruments

Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at transaction price. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank.

Interest bearing bank loans which meet the criteria to be classified as basic financial instruments are recorded at the present value of cash payable to the bank which is ordinarily equal to the proceeds received net of direct issue costs.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	2		2

3. Tangible assets

	Plant and machinery		Vehicles		Computer equipment		Other property, plant and equipment		Total
	£		£		£		£		£
Cost
At 01 April 2024	3,085		4,962		1,306		4,717,319		4,726,672
Additions	0		0		1,749		104,089		105,838
At 31 March 2025	3,085		4,962		3,055		4,821,408		4,832,510
Accumulated depreciation
At 01 April 2024	1,708		3,391		1,239		1,886,550		1,892,888
Charge for the financial year	459		393		551		189,628		191,031
At 31 March 2025	2,167		3,784		1,790		2,076,178		2,083,919
Net book value
At 31 March 2025	918		1,178		1,265		2,745,230		2,748,591
At 31 March 2024	1,377		1,571		67		2,830,769		2,833,784

4. Debtors

	2025		2024
	£		£
Trade debtors	828		828
Amounts owed by directors	36,393		0
Prepayments and accrued income	18,434		117,624
Other debtors	59,600		144,356
	115,255		262,808

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans	173,227		190,878
Trade creditors	135,723		133,074
Accruals	7,170		36,612
Corporation tax	51,476		34,400
Other taxation and social security	6,822		32,744
	374,418		427,708

6. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans	2,928,039		3,133,759

The company has a £1,000,000 loan facility at HSBC, with an interest rate of 1.7% over base rate on a 10 year term. At the year end, the loan balance outstanding was £710,759 (2024 - £755,464). This total is split as follows: £44,428 due within one year (2024 - £34,663) and £666,331 due after more than one year (2024 - £720,801).

The company has a further £3,500,000 loan facility at HSBC, with an interest rate of 1.7% over base rate on a 10 year term. At the year end, the loan balance outstanding was £2,390,507 (2024 - £2,569,173). This total is split as follows: £128,799 due within one year (2024 - £156,215) and £2,261,708 due after more than one year (2024 - £2,412,958).

The loans are secured on property owned by one of the directors.

7. Related party transactions

Included within other debtors is £nil (2024: £84,755) due from an entity controlled by one of the directors.
Included within debtors is £36,393 (2024: £nil) due from one of the directors. This has been repaid in full post year end.