Industria Solar Vigo Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: 13499405

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		1,680,820		1,491,067

			1,680,820		1,491,067
CURRENT ASSETS
Debtors	5	8,399		980
Cash at bank and in hand		9,331		33,920

		17,730		34,900
Creditors: Amounts Falling Due Within One Year	6	(1,728,719 )		(1,532,844 )

NET CURRENT ASSETS (LIABILITIES)			(1,710,989 )		(1,497,944 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(30,169 )		(6,877 )

NET LIABILITIES			(30,169 )		(6,877 )

CAPITAL AND RESERVES
Called up share capital	7		100		100
Profit and Loss Account			(30,269 )		(6,977 )

SHAREHOLDERS' FUNDS			(30,169)		(6,877)

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr J Hall

Director

30 December 2025

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

Industria Solar Vigo Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13499405 . The registered office is C/O The Advisory Group Unit 2, Old Brewery House, South Burns, Chester Le Street, DH3 3EZ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are costs in relation to renewable energy project rights. It will be amortised when brought into use, over it's useful economic life.

2.3. Borrowing Costs

Borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to the cost of those assets, until such time as the assets are substantially ready for their intended use or sale.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2023: NIL)

4. Intangible Assets

	Other
	£
Cost
As at 1 January 2024	1,491,067
Additions	189,753

As at 31 December 2024	1,680,820

Net Book Value
As at 31 December 2024	1,680,820

As at 1 January 2024	1,491,067

In accordance with the company's accounting policy in relation to borrowing costs, a total of £1,024,156 has been recognised as an asset at the balance sheet date.

5. Debtors

	2024	2023
	£	£
Due within one year
VAT	8,399	980

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	48,141	1,559
Other creditors	1,511,704	1,529,785
Accruals and deferred income	1,500	1,500
Amounts owed to group undertakings	167,374	-

	1,728,719	1,532,844

Page 2

Page 3

Industria Solar Vigo Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

7. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	100	100