Company No: 07816623 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	178,533		270,775
		178,533		270,775
Current assets
Stocks		168,175		168,065
Debtors	4	42,738		31,395
		210,913		199,460
Creditors: amounts falling due within one year	5	( 698,290)		( 561,029)
Net current liabilities		(487,377)		(361,569)
Total assets less current liabilities		(308,844)		(90,794)
Creditors: amounts falling due after more than one year	6	( 1,297,161)		( 1,384,550)
Net liabilities		( 1,606,005)		( 1,475,344)
Capital and reserves
Called-up share capital		100		100
Profit and loss account		( 1,606,105 )		( 1,475,444 )
Total shareholders' deficit		( 1,606,005)		( 1,475,344)

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 members have 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements of Marston Power Limited (registered number: 07816623) were approved and authorised for issue by the Board of Directors on 08 December 2025. They were signed on its behalf by:

Lord R Wellesley 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

Marston Power 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 The Estate Office Marston House, Marston St Lawrence, Banbury, OX17 2DN, 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 Marston Power 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.

Going concern

At the balance sheet date the company has net liabilities of £1,606,005 (2024: £1,475,344). The directors have carefully reviewed the future prospects of the Company and its future cash flows.

The Company is reliant on the continued financial support of the shareholders. On the basis of the projected cashflows and continued financial support from the shareholders, the accounts have been prepared on a going concern basis.

Turnover

Turnover comprises electricity income generated by feed in tariffs and export income. Turnover is recognised when the services have been provided in accordance with the relevant agreements and when the obligations have been satisfied.

Tangible fixed assets

Tangible fixed assets are stated at cost less depreciation. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives. Depreciation is provided on the following bases:

Land and buildings	4 years straight line
Plant and machinery	4 - 10 years straight line
	25 % reducing balance
Vehicles	4 years straight line
Computer equipment	4 years straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of income and retained earnings.

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell.

Financial instruments

Financial assets and 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 initially recorded at the present value of cash payable to the bank, which is ordinarily equal to proceeds received net of direct issue costs.

Borrowing costs

All borrowing costs are recognised in the Statement of income and retained earnings in the year in which they are incurred.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	3		3

3. Tangible assets

	Land and buildings		Plant and machinery		Vehicles		Computer equipment		Total
	£		£		£		£		£
Cost
At 01 April 2024	13,950		1,346,128		5,000		28,143		1,393,221
Additions	0		19,189		0		0		19,189
At 31 March 2025	13,950		1,365,317		5,000		28,143		1,412,410
Accumulated depreciation
At 01 April 2024	4,858		1,092,143		5,000		20,445		1,122,446
Charge for the financial year	2,949		108,111		0		371		111,431
At 31 March 2025	7,807		1,200,254		5,000		20,816		1,233,877
Net book value
At 31 March 2025	6,143		165,063		0		7,327		178,533
At 31 March 2024	9,092		253,985		0		7,698		270,775

4. Debtors

	2025		2024
	£		£
Prepayments	31,914		31,395
VAT recoverable	10,824		0
	42,738		31,395

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans and overdrafts	229,795		182,648
Trade creditors	443,501		347,117
Accruals	6,145		6,330
Other taxation and social security	0		1,051
Obligations under finance leases and hire purchase contracts	18,849		23,883
	698,290		561,029

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

	2025		2024
	£		£
Bank loans	1,292,096		1,360,636
Obligations under finance leases and hire purchase contracts	5,065		23,914
	1,297,161		1,384,550

Bank lending is secured by a debenture giving a fixed and floating charge over the assets of the company