Registered number
SC792348
Nexus Capture Limited
Filleted unaudited accounts
for the year ended 31 March 2025
Pages for filing with the Registrar
Nexus Capture Limited
Registered number: SC792348
Statement of financial position
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Investments 3 300 -
300 -
Current assets
Debtors 4 1,090,288 165,056
Cash at bank and in hand 166 -
1,090,454 165,056
Creditors: amounts falling due within one year 5 (1,104,485) (164,056)
Net current (liabilities)/assets (14,031) 1,000
Total assets less current liabilities (13,731) 1,000
Creditors: amounts falling due after more than one year - -
Net (liabilities)/assets (13,731) 1,000
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account (14,731) -
Shareholder's funds (13,731) 1,000
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors and authorised for issue and are signed on its behalf by:
R Nimmons
Director
Approved by the board on 6 January 2026
Nexus Capture Limited
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.
The comparative period was the company's first reporting period since incorporation, and therefore the comparative period accounts span a period of more than 12 months from 13 December 2023 to 31 March 2024.
Going concern
At the date of approval of the financial statements, the company has prepared and approved up-to date management accounts, budgets and cash flow projections which include key revenue and cost assumptions that the directors consider reasonable and prudent.

Having considered the matters above, the company is of the view that it will have sufficient resources to continue to operate and meet debts as they fall due for the foreseeable future. The financial statements have therefore been prepared on a going concern basis.

In making this assessment, the directors, mindful of the equity and debt funding structure of the company have satisfied themselves on the ongoing support from the shareholders and the compliance with all funding covenants and overall funding continuity for a period of not less than 12 months from the date of approval of the financial statements.
Turnover
Turnover represents amounts receivable from contracted services, net of VAT. Turnover from contracted services is recognised when services are performed, that being the point at which the significant risks and rewards of ownership have passed to the buyer.
Cash at bank and in hand
Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less.
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial liabilities
Basic financial liabilities, including creditors are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
2 Employees
2025 2024
Average number of persons employed by the company 11 5
3 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 April 2024 -
Additions 300
At 31 March 2025 300
Historical cost
At 1 April 2024
At 31 March 2025
The company holds 20% or more of the share capital of the following companies registered in England:
Company Holding/share class Footnote
TCR Invergordon Ltd 33% ordinary shares 1
The nature of business of the investee company is that of capture of CO2.
Footnote Registered address
1 123 Pall Mall, London, SW1Y 5EA
4 Debtors 2025 2024
£ £
Other debtors 1,090,288 165,056
1,090,288 165,056
5 Creditors: amounts falling due within one year 2025 2024
£ £
Amounts owed to group undertakings 872,263 -
Other creditors 232,222 164,056
1,104,485 164,056
6 Called up share capital 2025 2024
£ £
Ordinary share capital Issued and fully paid
Ordinary shares of £0.01 each 1,000 1,000
1,000 1,000
7 Ultimate controlling party
In the opinion of the directors, the immediate parent company is The Carbon Removers Limited. The ultimate controlling parties are Richard Nimmons and Edward Nimmons as the majority shareholders of The Carbon Removers Limited.
8 Other information
Nexus Capture Limited is a private company limited by shares and incorporated in Scotland. Its registered office is:
Kings of Kinloch
Meigle
Blairgowrie
United Kingdom
PH12 8QX
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