| REGISTERED NUMBER: |
| LAGAN ENERGY (BALLYVALLAGH) LIMITED |
| Financial Statements for the Year Ended 31 March 2025 |
| REGISTERED NUMBER: |
| LAGAN ENERGY (BALLYVALLAGH) LIMITED |
| Financial Statements for the Year Ended 31 March 2025 |
| LAGAN ENERGY (BALLYVALLAGH) LIMITED (REGISTERED NUMBER: NI683899) |
| Contents of the Financial Statements |
| FOR THE YEAR ENDED 31 MARCH 2025 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 3 |
| LAGAN ENERGY (BALLYVALLAGH) LIMITED |
| Company Information |
| FOR THE YEAR ENDED 31 MARCH 2025 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| INDEPENDENT AUDITORS: |
| Statutory Auditor |
| 36-38 Northland Row |
| Dungannon |
| Co. Tyrone |
| BT71 6AP |
| LAGAN ENERGY (BALLYVALLAGH) LIMITED (REGISTERED NUMBER: NI683899) |
| Statement of Financial Position |
| 31 MARCH 2025 |
| 2025 | 2024 |
| Notes | £ | £ |
| NON-CURRENT ASSETS |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Receivables: amounts falling due within one year |
6 |
| Cash at bank |
| PAYABLES |
| Amounts falling due within one year | 7 | ( |
) | ( |
) |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | ( |
) | ( |
) |
| ( |
) | ( |
) |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| LAGAN ENERGY (BALLYVALLAGH) LIMITED (REGISTERED NUMBER: NI683899) |
| Notes to the Financial Statements |
| FOR THE YEAR ENDED 31 MARCH 2025 |
| 1. | STATUTORY INFORMATION |
| Lagan Energy (Ballyvallagh) Limited is a |
| 2. | STATEMENT OF COMPLIANCE |
| 3. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The accounts are prepared under the historical cost convention modified when necessary to include the revaluation of certain fixed assets. |
| Going concern |
| The company is in a start-up phase and has incurred costs since incorporation in relation to establishing the business for the purpose of its future trade. The directors have obtained confirmation that the company has underlying support from its ultimate controlling entity for a period for at least 12 months from the date of approval of the financial statements. Accordingly, the directors have prepared the financial statements on a going concern basis. |
| Property, plant and equipment |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
| 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 statement of financial position date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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. |
| Cash flow statement |
| The company has availed of the exemption in FRS 102 Section 1A from the requirement to prepare a Statement of Cash Flows because it is classified as a small company. |
| 4. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was NIL (2024 - NIL). |
| LAGAN ENERGY (BALLYVALLAGH) LIMITED (REGISTERED NUMBER: NI683899) |
| Notes to the Financial Statements - continued |
| FOR THE YEAR ENDED 31 MARCH 2025 |
| 5. | PROPERTY, PLANT AND EQUIPMENT |
| Assets |
| Freehold | under |
| property | construction | Totals |
| £ | £ | £ |
| COST |
| At 1 April 2024 |
| Additions |
| At 31 March 2025 |
| NET BOOK VALUE |
| At 31 March 2025 |
| At 31 March 2024 |
| 6. | RECEIVABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Amounts owed by group undertakings |
| Other debtors |
| The prior year unaudited comparative figures have been restated to correct the classification of £350,000 which should have been disclosed within other debtors and not fixed assets. The impact on the profit and loss account and retained earnings is nil. |
| 7. | PAYABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Amounts owed to group undertakings |
| Amounts owed to related parties | 959,373 | 766,600 |
| Other payables |
| 8. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
| The Auditors' Report was unqualified. |
| for and on behalf of |
| 9. | RELATED PARTY DISCLOSURES |
| The company has taken advantage of the exemption contained in paragraph 33.1A of FRS102 not to disclose any transactions with its parent or fellow 100% owned subsidiary undertakings. |
| At the year end 31 March 2025 there were amounts owed to related parties of £959,373 (2024:£766,600). During the year there were amounts received from related parties of £192,773 (2024:£766,600). All amounts received from related parties are financing in nature. |
| No other transactions with related parties were undertaken such as are required to be disclosed under FRS102. |
| 10. | ULTIMATE CONTROLLING PARTY |
| The immediate parent company is Lagan Innovation Limited, a company registered in Northern Ireland. The ultimate controlling party is the Lagan Family. |