REGISTERED NUMBER: 11344629 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

GRAYTHORP ENERGY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

5

DIRECTORS:

R P Tucker

D P Ereira

SECRETARIES:

R P Tucker

H F De Bruyker Dawes

M J De Bruyker Dawes

B B Edwards

H A Thykier

REGISTERED OFFICE:

The Quarries

Broad Lane

Yarmouth

Isle of Wight

PO41 0UQ

REGISTERED NUMBER:

11344629 (England and Wales)

ACCOUNTANTS:

Ashdown Hurrey

Chartered Accountants & Business Advisers

28 Wilton Road

Bexhill on Sea

East Sussex

TN40 1EZ

CURRENT ASSETS

Stocks

-

644,155

Debtors

4

145,416

120,137

Cash at bank

907

25

146,323

764,317

CREDITORS

Amounts falling due within one year

5

777,906

786,470

NET CURRENT LIABILITIES

(631,583

)

(22,153

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(631,583

)

(22,153

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(631,683

)

(22,253

)

(631,583

)

(22,153

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 December 2025 and were signed on its behalf by:

R P Tucker - Director

1.	STATUTORY INFORMATION

Graythorp Energy 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.

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.

In preparing the financial statements, the directors are required to make an assessment of the ability of the company to continue as a going concern. The directors have considered all available evidence for the company which covers the 12 month period from the date of signing these financial statements.

A refusal was received in October 2024 for the application for an Environmental Permit for the project, after a submission made 2 years earlier. This came without discussion or announcement to the company, the Graythorp Directors, shareholders and the advisers, who are very experienced specialists in this area. A formal complaint was sent to the Environmental Agency about this but have had no effect and it was advised that we would be better to reapply for the permit with a complete and new application than pursue the complaint. As a result, and after exploring all ways forward, it became recognised in early 2025 that it had become impossible to proceed with the project without placing a very significant further financial commitment towards it and investing a possible further 2 years or more of time and effort into the developing the program. As a result It was decided that this could not be justified or advised based on current conditions and likely lack of future demand for such a facility in the area local to where it would be constructed. Consequentially it was decided by the Directors that the company should no longer be considered a going concern and that final accounts to be prepared on the break up basis.

Stocks and work in progress

The expenditure, including professional fees, on the project development for the Waste Energy Plant project are included within work in progress.

Work in progress has been valued at the lower of cost and net realisable value being a nil net realisable value at the balance sheet date due to a required permit that is necessary for the project expiring.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3.	EMPLOYEES AND DIRECTORS

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

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

VAT

-

20,137

Prepayments

145,416

100,000

145,416

120,137

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other loans

573,746

583,746

Directors' current accounts

198,910

198,224

Accrued expenses

5,250

4,500

777,906

786,470

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at the balance sheet date the company owed the directors £198,910 in which there are no terms attached.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Graythorp Energy Limited for the year ended 31 March 2025 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the 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 within the ICAEW's regulations and guidance at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Graythorp Energy Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Graythorp Energy Limited and state those matters that we have agreed to state to the Board of Directors of Graythorp Energy Limited, as a body, in this report in accordance with icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Graythorp Energy Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Graythorp Energy Limited 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 loss of Graythorp Energy Limited. You consider that Graythorp Energy Limited 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 Graythorp Energy Limited. 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.

Ashdown Hurrey

Chartered Accountants & Business Advisers

28 Wilton Road

Bexhill on Sea

East Sussex

TN40 1EZ

27 December 2025