REGISTERED NUMBER: 07211603 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

SOLAR VENTUS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

S Morrish

R C Gundry

REGISTERED OFFICE:

Kingfisher House

Radford Way

Billericay

Essex

CM12 0EQ

REGISTERED NUMBER:

07211603 (England and Wales)

AUDITORS:

Cooper Parry Group Limited

Statutory Auditor

First Floor, Davidson House

Forbury Square

Reading

Berkshire

RG1 3EU

FIXED ASSETS

Tangible assets

4

-

-

Investments

5

81,530,517

81,257,698

Investment property

6

22,405,004

21,536,549

103,935,521

102,794,247

CURRENT ASSETS

Debtors

7

19,503,856

20,427,794

Cash at bank

376,133

379,488

19,879,989

20,807,282

CREDITORS

Amounts falling due within one year

8

94,796,254

94,969,968

NET CURRENT LIABILITIES

(74,916,265

)

(74,162,686

)

TOTAL ASSETS LESS CURRENT LIABILITIES

29,019,256

28,631,561

CREDITORS

Amounts falling due after more than one year

9

(20,053,299

)

(21,995,767

)

PROVISIONS FOR LIABILITIES

12

(610,391

)

(199,079

)

NET ASSETS

8,355,566

6,436,715

CAPITAL AND RESERVES

Called up share capital

13

166,000

166,000

Capital redemption reserve

14

2,374,000

2,374,000

Retained earnings

14

5,815,566

3,896,715

SHAREHOLDERS' FUNDS

8,355,566

6,436,715

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 23 December 2025 and were signed on its behalf by:

S Morrish - Director

1.	STATUTORY INFORMATION

Solar Ventus 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.

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

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 as modified by the revaluation of certain assets.

Going concern

The balance sheet shows net current liabilities. The directors however consider the company to be a going concern based on the value of the fixed assets. The directors have also indicated that they will continue to support the company to meet its obligations as they fall due for a period of at least twelve months.

Preparation of consolidated financial statements

The financial statements contain information about Solar Ventus 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.

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will follow to the Company and the revenue can be reliably measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

- the amount of revenue can be measured reliably;

- it is probable that the Company will receive the consideration due under the contract;

- the stage of completion of the contract at the end of the reporting period can be measured

reliably; and

- the costs incurred and the costs to complete the contract can be measured reliably.

Rental income

Rental income is recognised in the period to which it relates.

Tangible fixed assets and depreciation

Tangible fixed assets under the cost model, other than investment properties, are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office Equipment - Over 3 years

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.

Investments in subsidiaries and associates

Investments in subsidiaries are recognised at cost.

Investment in unlisted company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of comprehensive income.

Taxation

Taxation for the year comprises current and deferred tax. 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 equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Operating leases

Rentals paid under operating leases are charged to the Statement of comprehensive income on a straight line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Provisions for liabilities

Provisions are made where an event has taken place that given the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of obligation.

Provisions are charged as an expense to the Statement of comprehensive income in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the Balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the Balance sheet.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Office

equipment

£

COST

At 1 April 2024

13,329

Disposals

(13,329

)

At 31 March 2025

-

DEPRECIATION

At 1 April 2024

13,329

Eliminated on disposal

(13,329

)

At 31 March 2025

-

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	FIXED ASSET INVESTMENTS

Shares in

group

Interest in

Other

undertakings

associate

investments

Totals

£

£

£

£

COST

At 1 April 2024

438,460

33,323,269

47,495,969

81,257,698

Additions

-

5,240,000

7,181,016

12,421,016

Disposals

-

(3,300,000

)

(6,199,684

)

(9,499,684

)

Impairments

-

(2,048,513

)

(600,000

)

(2,648,513

)

At 31 March 2025

438,460

33,214,756

47,877,301

81,530,517

NET BOOK VALUE

At 31 March 2025

438,460

33,214,756

47,877,301

81,530,517

At 31 March 2024

438,460

33,323,269

47,495,969

81,257,698

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

21,536,549

Disposals

(296,795

)

Revaluations

1,165,250

At 31 March 2025

22,405,004

NET BOOK VALUE

At 31 March 2025

22,405,004

At 31 March 2024

21,536,549

Fair value at 31 March 2025 is represented by:

£

Valuation in 2017

744,031

Valuation in 2024

50,000

Valuation in 2025

1,165,250

Cost

20,445,723

22,405,004

7.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Trade debtors

676,012

1,085,596

Amounts owed by group undertakings

13,523,954

14,838,442

Amounts owed by associates

768,920

-

Other debtors

4,017,805

4,282,329

Tax

206,816

-

Prepayments and accrued income

101,069

12,147

19,294,576

20,218,514

Amounts falling due after more than one year:

Other debtors

209,280

209,280

Aggregate amounts

19,503,856

20,427,794

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts (see note 10)

1,408,333

934,830

Trade creditors

81,006

225,754

Amounts owed to joint ventures

256,360

362,360

Amounts owed to associates

6,497,567

5,681,047

Tax

290,294

1,918,775

VAT

393,569

553,881

Other creditors

85,439,277

84,773,048

Accruals and deferred income

429,848

520,273

94,796,254

94,969,968

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans (see note 10)

20,053,299

21,995,767

10.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due within one year or on demand:

Bank loans

1,408,333

934,830

2025

2024

£

£

Amounts falling due between one and two years:

Bank loans - 1-2 years

1,404,742

1,004,179

Amounts falling due between two and five years:

Bank loans - 2-5 years

18,648,557

20,991,588

11.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

21,461,632

22,930,597

Bank loans are secured against certain assets and investment properties owned by the Company.

12.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

610,391

199,079

Deferred tax

£

Balance at 1 April 2024

199,079

Provided during year

411,312

Balance at 31 March 2025

610,391

13.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

166,000

Ordinary

£1

166,000

166,000

14.

RESERVES

Capital

Retained

redemption

earnings

reserve

Totals

£

£

£

At 1 April 2024

3,896,715

2,374,000

6,270,715

Profit for the year

1,918,851

1,918,851

At 31 March 2025

5,815,566

2,374,000

8,189,566

15.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Jacqueline Biggs FCCA ACA (Senior Statutory Auditor)

for and on behalf of Cooper Parry Group Limited

16.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

17.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is S Morrish by way of their majority holding of the Company's ordinary shares.