ACCOUNTS - Final Accounts preparation

Company Registration Number 11615879

	PENNINE ENERGY RESOURCES LIMITED

	AUDITED FINANCIAL STATEMENTS

	31 MARCH 2025

PENNINE ENERGY RESOURCES LIMITED

REGISTERED NUMBER: 11615879

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2025

		2025		2024
Note		£		£


Current assets
Debtors: amounts falling due within one year	4	234,040		167,911
Cash at bank and in hand	5	19,074		29,933
		253,114		197,844
Creditors: amounts falling due within one year	6	(569,252)		(369,637)
Net current liabilities			(316,138)		(171,793)
Total assets less current liabilities			(316,138)		(171,793)

Net liabilities			(316,138)		(171,793)

Capital and reserves
Called up share capital	7	100	100
Profit and loss account		(316,238)	(171,893)
		(316,138)	(171,793)

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................

Howard Greenwood

Director

Date: 19 December 2025

The notes on pages 2 to 5 form part of these financial statements.

Page 1

PENNINE ENERGY RESOURCES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 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 Crabtree Hall Business Centre, Little Holtby, Northallerton, DL7 9LN.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Going concern

These financial statements have been prepared on a going concern basis. The directors, having considered the financial position of the company for a period of at least twelve months from the date pf signing these financial statements, have no reason to believe a material uncertainty exists that may cast doubt about the ability of the company to continue as a going concern. The directors are aware that group support does exists should it be required.

2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 2

PENNINE ENERGY RESOURCES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is 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.

2.5

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.

Grants of a revenue nature are recognised in the Statement of Comprehensive Income in the same period as the related expenditure.

2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 3

PENNINE ENERGY RESOURCES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025


3.	Employees

The average monthly number of employees, including directors, during the year was 4 (2024 - 4).

Debtors

						As restated
					2025	2024
					£	£


Trade debtors	60,633	16,453
Amounts owed by group undertakings	149,054	146,809
Other debtors	1,432	3,149
Prepayments and accrued income	22,921	1,500
	234,040	167,911

5.	Cash and cash equivalents
		2025	2024
		£	£

Cash at bank and in hand	19,074	29,933
	19,074	29,933

6.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Trade creditors	32,425	5,663
Amounts owed to group undertakings	525,481	358,350
Other taxation and social security	8,346	2,624
Accruals and deferred income	3,000	3,000
	569,252	369,637

7.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

100 (2024 - 100) Ordinary shares of £1.00 each	100	100

Page 4

PENNINE ENERGY RESOURCES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

8.	Related party transactions
	The company has taken advantage of the exemption in Section 33 "Related Party Disclosures" from disclosing transactions with other members of the group, as permitted by FRS102.

9.	Controlling party

The immediate parent company is Pennine Energy Group Limited who are incorporated in England and Wales. The directors are of the opinion that no individual has control.

10.	Auditors' information

The auditors' report on the financial statements for the year ended 31 March 2025 was unqualified.

The audit report was signed on 19 December 2025 by Simon Turner (Senior Statutory Auditor) on behalf of Armstrong Watson Audit Limited.

Page 5