RBV Energy Ltd 31/03/2025 iXBRL

Company registration number: 03906468

RBV Energy Ltd

Unaudited filleted financial statements

31 March 2025

RBV Energy Ltd

Contents

Directors and other information

Accountants report

Statement of financial position

Statement of changes in equity

Notes to the financial statements

RBV Energy Ltd

Directors and other information


	Directors	R. R. Brown
		A. L. Betteridge
		R. J. Betteridge
		S. Brown
		I. M. Storey
		L. Storey


	Secretary	R. R. Brown


	Company number	03906468


	Registered office	Unit 3 Centurion House
		New York Industrial Park
		New York Way
		Newcastle upon Tyne
		NE27 0QF


	Business address	Unit 3 Centurion House
		New York Industrial Park
		New York Way
		Newcastle upon Tyne
		NE27 0QF


	Accountants	Harrison Hutchinson Limited
		246 Park View
		Whitley Bay
		Tyne and Wear
		NE26 3QX

RBV Energy Ltd

Chartered accountants report to the board of directors on the preparation of the

unaudited statutory financial statements of RBV Energy Ltd

Year ended 31st March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of RBV Energy Ltd for the year ended 31st March 2025 which comprise the statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.

This report is made solely to the board of directors of RBV Energy Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of RBV Energy Ltd and state those matters that we have agreed to state to the board of directors of RBV Energy Ltd as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than RBV Energy Ltd and its board of directors as a body for our work or for this report.

It is your duty to ensure that RBV Energy Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of RBV Energy Ltd. You consider that RBV Energy Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of RBV Energy Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Harrison Hutchinson Limited

Chartered Accountants

246 Park View

Whitley Bay

Tyne and Wear

NE26 3QX

RBV Energy Ltd

Statement of financial position

31st March 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	5	44,391		30,909
Investments	6	164,855		16,186
		_______		_______
			209,246		47,095

Current assets
Stocks		1,562,934		1,592,606
Debtors	7	738,256		2,333,840
Cash at bank and in hand		2,025,150		708,333
		_________		_________
		4,326,340		4,634,779
Creditors: amounts falling due
within one year	8	( 1,765,177)		( 1,903,307)
		_________		_________
Net current assets			2,561,163		2,731,472
			_________		_________
Total assets less current liabilities			2,770,409		2,778,567

Creditors: amounts falling due
after more than one year	9		( 2,651)		( 13,091)
			_________		_________
Net assets			2,767,758		2,765,476
			_________		_________

Capital and reserves
Called up share capital			150		150
Capital redemption reserve			50		50
Profit and loss account			2,767,558		2,765,276
			_________		_________
Shareholders funds			2,767,758		2,765,476
			_________		_________

For the 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 year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 19 November 2025 , and are signed on behalf of the board by:

I. M. Storey

Director

RBV Energy Ltd

Statement of changes in equity

Year ended 31st March 2025

	Called up share capital	Capital redemption reserve	Profit and loss account	Total
	£	£	£	£


At 1st April 2023	150	50	2,694,980	2,695,180

Profit for the year			320,136	320,136
	_______	_______	_________	_________
Total comprehensive income for the year	-	-	320,136	320,136

Dividends paid and payable			( 249,840)	( 249,840)
	_______	_______	_________	_________
Total investments by and distributions to owners	-	-	( 249,840)	( 249,840)

	_______	_______	_________	_________
At 31st March 2024 and 1st April 2024	150	50	2,765,276	2,765,476

Profit for the year			422,122	422,122
	_______	_______	_________	_________
Total comprehensive income for the year	-	-	422,122	422,122

Dividends paid and payable			( 419,840)	( 419,840)
	_______	_______	_________	_________
Total investments by and distributions to owners	-	-	( 419,840)	( 419,840)

	_______	_______	_________	_________
At 31st March 2025	150	50	2,767,558	2,767,758
	_______	_______	_________	_________

RBV Energy Ltd

Notes to the financial statements

Year ended 31st March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 3 Centurion House, New York Industrial Park, New York Way, Newcastle upon Tyne, NE27 0QF.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Short leasehold property	-	25 %	reducing balance
Plant and machinery	-	25 %	reducing balance
Fittings fixtures and equipment	-	25 %	reducing balance
Motor vehicles	-	25 %	reducing balance

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

Fixed asset investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment

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. 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 are largely independent of the cash inflows from other assets or groups of assets.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the company 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. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 19 (2024: 20 ).

5. Tangible assets

	Short leasehold property	Plant and machinery	Fixtures, fittings and equipment	Motor vehicles	Total
	£	£	£	£	£
Cost
At 1st April 2024	1,777	60,917	114,469	39,430	216,593
Additions	1,158	94	27,030	-	28,282
	_______	_______	_______	_______	_______
At 31st March 2025	2,935	61,011	141,499	39,430	244,875
	_______	_______	_______	_______	_______
Depreciation
At 1st April 2024	1,020	57,205	89,180	38,281	185,686
Charge for the year	479	952	13,080	287	14,798
	_______	_______	_______	_______	_______
At 31st March 2025	1,499	58,157	102,260	38,568	200,484
	_______	_______	_______	_______	_______
Carrying amount
At 31st March 2025	1,436	2,854	39,239	862	44,391
	_______	_______	_______	_______	_______
At 31st March 2024	757	3,712	25,289	1,149	30,907
	_______	_______	_______	_______	_______

6. Investments

	Shares in group undertakings and participating interests	Total
	£	£
Cost
At 1st April 2024	16,186	16,186
Other movements	148,669	148,669
	_______	_______
At 31st March 2025	164,855	164,855
	_______	_______
Impairment
At 1st April 2024 and 31st March 2025	-	-
	_______	_______
Carrying amount
At 31st March 2025	164,855	164,855
	_______	_______
At 31st March 2024	16,186	16,186
	_______	_______

As at the balance sheet date, Fixed asset investments includes a 100% shareholding in RBV Energy Far East PTE Ltd and a 100% shareholding in RBV Energy Middle East FZC.

7. Debtors

	2025	2024
	£	£
Trade debtors	484,006	2,205,943
Amounts owed by group undertakings and undertakings in which the company has a participating interest	169,283	34,283
Other debtors	84,967	93,614
	_________	_________
	738,256	2,333,840
	_________	_________

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	10,440	10,183
Trade creditors	930,613	557,464
Corporation tax	58,020	109,411
Social security and other taxes	13,237	53,582
Other creditors	752,867	1,172,667
	_________	_________
	1,765,177	1,903,307
	_________	_________

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

	2025	2024
	£	£
Bank loans and overdrafts	2,651	13,091
	_______	_______

10. Financial instruments

Financial assets measured at fair value through profit or loss comprise fixed asset investments in unlisted company shares.Financial assets measured at amortised cost comprise cash at bank and in hand, accrued income, trade debtors and other debtors. Financial liabilities measured at amortised cost comprise trade creditors, corporation tax and other taxes and social security, finance lease obligations, deferred income and provisions.

11. Directors advances, credits and guarantees

	During the year the directors entered into the following advances and credits with the company:

2025
		Balance brought forward	Advances /(credits) to the directors	Amounts repaid	Balance o/standing
		£	£	£	£
	R. R. Brown	-	-	-	-
	R. J. Betteridge	-	-	-	-
	I. M. Storey	-	-	-	-
		_______	_______	_______	_______

2024
		Balance brought forward	Advances /(credits) to the directors	Amounts repaid	Balance o/standing
		£	£	£	£
	R. R. Brown	( 6,121)	( 9,778)	15,899	-
	R. J. Betteridge	( 8,870)	( 5,880)	14,750	-
	I. M. Storey	( 282)	-	282	-
		_______	_______	_______	_______
		( 15,273)	( 15,658)	30,931	-
		_______	_______	_______	_______

12. Related party transactions

During the year the company entered into the following transactions with related parties:

	Transaction value		Balance owed by/(owed to)
	2025	2024	2025	2024
	£	£	£	£
RBV Energy Middle East FZC	377,371	1,472,574	79,795	492,994
RBV Energy Far East PTE Ltd	3,513	166,491	-	-
R. J. Betteridge	70,640	40,640	-	-
R. R. Brown	70,640	40,640	-	-
I. M. Storey	68,640	43,640	-	-
A. L. Betteridge	70,640	40,640	-	-
S. Brown	70,640	40,640	-	-
L. Storey	68,640	43,640	-	-
	_______	_______	_______	_______

The transactions with RBV Energy Middle East FZC and RBV Energy Far East PTE Ltd relate to sales and purchases of goods and late payment interest charges are at an arms length basis. The company has a 100% shareholding in RBV Energy Middle East FZC and a 100% shareholding in RBV Energy Far East PTE Ltd.The transactions with R. R. Brown , R. J. Betteridge , I. M. Storey , A. L. Betteridge , S. Brown and L. Storey relate to dividends paid to the directors in their capacity as shareholders.

13. Controlling party

During the two years ended 31 March 2025, R. R. Brown , R. J. Betteridge and I. M. Storey , together with members of their close families, jointly controlled the company by virtue of a controlling interest (directly or indirectly) of 100% of the issued ordinary share capital.