REGISTERED NUMBER: SC597624 (Scotland)

Ryse Energy Limited

Unaudited Financial Statements for the Year Ended 31 December 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A M Munro

R Caldow

REGISTERED OFFICE:

7 Palmerston Place

Edinburgh

EH12 5AH

REGISTERED NUMBER:

SC597624 (Scotland)

ACCOUNTANTS:

Gibson McKerrell Burrows Limited

28 Rutland Square

Edinburgh

EH1 2BW

FIXED ASSETS

Intangible assets

5

66,625

86,125

Investments

6

100,000

100,000

166,625

186,125

CURRENT ASSETS

Debtors

7

265,392

294,503

Cash at bank

1,644

1,716

267,036

296,219

CREDITORS

Amounts falling due within one year

8

1,122,172

1,121,543

NET CURRENT LIABILITIES

(855,136

)

(825,324

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(688,511

)

(639,199

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(688,611

)

(639,299

)

(688,511

)

(639,199

)

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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 December 2025 and were signed on its behalf by:

A M Munro - Director

1.	STATUTORY INFORMATION

Ryse Energy Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Going concern

The accounts are prepared on a going concern basis as the director has confirmed there will be support from the group companies to allow the company to continue to trade.

Preparation of consolidated financial statements

The financial statements contain information about Ryse Energy Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Business intellectual property are being amortised evenly over their estimated useful life of ten years.

Business name are being amortised evenly over their estimated useful life of ten years.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

Business intellectual property - 10% straight line

Business name - 10% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

4.	EMPLOYEES AND DIRECTORS

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

5.	INTANGIBLE FIXED ASSETS

Business

intellectual

Business

property

name

Totals

£

£

£

COST

At 1 January 2024

and 31 December 2024

165,000

30,000

195,000

AMORTISATION

At 1 January 2024

92,125

16,750

108,875

Amortisation for year

16,500

3,000

19,500

At 31 December 2024

108,625

19,750

128,375

NET BOOK VALUE

At 31 December 2024

56,375

10,250

66,625

At 31 December 2023

72,875

13,250

86,125

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

and 31 December 2024

100,000

NET BOOK VALUE

At 31 December 2024

100,000

At 31 December 2023

100,000

Subsidiary undertakings

Country of incorporation

Holding

Proportion of voting rights and shares held

Nature of business

Ryse Energy (UK) Limited

England

Ordinary

100%

Supply, installation and maintenance of energy saving systems

The net liabilities of Ryse Energy (UK) Limited at 31 December 2024 were £1,638,621 (2023 - £897,856). The loss for the year was £740,765 (2023 - £236,429).

Under the provision of section 384 of the Companies Act 2006 the company is exempt from preparing consolidated accounts and has not done so, therefore the accounts show information about the company as an individual entity.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Amounts owed to group undertakings

173,985

198,702

Ryse Energia SL loan

91,407

95,801

265,392

294,503

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

4,248

4,248

Ryse Energy Holdings Limited loan

914,846

916,717

Other creditors

15,000

15,000

Directors' current accounts

183,078

183,078

Accrued expenses

5,000

2,500

1,122,172

1,121,543

9.	RELATED PARTY DISCLOSURES

The company was under the control of Alistair Munro throughout the current and previous years. Mr Munro is the managing director.

Mr Munro is a director and shareholder of Ryse Energy Holdings Limited, the ultimate parent company.

At 31 December 2024, the company was due £183,078 to Mr Munro (2023 - £183,078). This loan is interest free with no fixed terms for repayment. The loan is secured by a bond and floating charge over all of the company's assets.

At 31 December 2024, the company owed Ryse Energy Holdings Limited £914,846 (2023 - £916,717). This amount is interest free and has no fixed terms of repayment.

At 31 December 2024, Ryse Energy (UK) Limited owed the company £173,985 (2023 - £198,702). This amount is interest free and has no fixed terms of repayment. During the year the company purchased goods amounting to £24,717 (2023 - £nil) from Ryse Energy (UK) Limited. Mr Munro and Mr Caldow are directors of Ryse Energy (UK) Limited.

At 31 December 2024, Ryse Energia SL owed the company £91,407 (2023 - £95,801). This loan is interest free and has no fixed terms of repayment. Mr Munro is a director of Ryse Energia SL.

10.	ULTIMATE CONTROLLING PARTY

The ultimate parent company is Ryse Energy Holdings Limited, a company incorporated in Abu Dhabi. It's registered office is 2407ResCowork02, 24 Al Silah Tower, Abu Dhabi Global Market Square, Al Maryah Island, Abu Dhabi, United Arab Emirates.