Equatorial Power Holdings UK Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 14213711 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

EQUATORIAL POWER HOLDINGS UK LIMITED

Page

Company information

1

Balance sheet

2

Notes to the financial statements

3

Directors:

Mr R V Dhanani

Mr D Fallara

Mr M R Oosterhaven

Mr R Ridolfi

Ms J M Spencer

Secretary:

Vistra Cosec Limited

Registered office:

Suite 1, 7th Floor

50 Broadway

London

SW1H 0BL

Registered number:

14213711 (England and Wales)

Auditors:

Zome (Statutory Auditor)

5th Floor

111 Charterhouse Street

London

EC1M 6AW

FIXED ASSETS

Investments

4

569,899

789,999

CURRENT ASSETS

Debtors

5

2,746,802

2,017,757

Cash at bank

7,775

69,467

2,754,577

2,087,224

CREDITORS

Amounts falling due within one year

6

(1,159,762

)

(594,339

)

NET CURRENT ASSETS

1,594,815

1,492,885

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,164,714

2,282,884

CAPITAL AND RESERVES

Called up share capital

2,243,797

Retained earnings

(79,083

)

39,087

SHAREHOLDERS' FUNDS

2,164,714

2,282,884

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 Income statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 December 2025 and were signed on its behalf by:

Mr R Ridolfi - Director

1.	STATUTORY INFORMATION

Equatorial Power Holdings UK 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.

The company’s functional and presentational currency is pounds sterling (GBP) and the financial statements have been rounded to the nearest pound (£).

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.

Preparation of consolidated financial statements

The financial statements contain information about Equatorial Power Holdings UK Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, Infraco Africa Limited, a limited partnership incorporated in England.

Investments in subsidiaries

Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet 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.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into.

Basic financial liabilities

Basic financial liabilities, including creditors, and loans from fellow group companies are initially recognised at transaction price.

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 initially recognised at transaction price.

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 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

Cost

At 1 January 2024

789,999

Impairments

(220,100

)

At 31 December 2024

569,899

Net book value

At 31 December 2024

569,899

At 31 December 2023

789,999

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

Amounts owed by group undertakings

371,084

364,183

Other debtors

2,375,718

1,653,574

2,746,802

2,017,757

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

Trade creditors

5,827

58

Taxation and social security

35,231

12,175

Other creditors

1,118,704

582,106

1,159,762

594,339

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the auditors was unqualified.

Roy Davis FCA (Senior Statutory Auditor)

for and on behalf of Zome (Statutory Auditor)

8.	RELATED PARTY DISCLOSURES

At the balance sheet date, the following amounts are included within debtors: 99.99% owned subsidiaries

£371,084 amount owed by EP Assetco DRC SAS (2023 - £108,109)

£Nil amount owed by Equatorial Power BV (2023 - £256,074)

The amount owed by intercompanies at year end is £371,084 (2023 - £364,183).

9.	ULTIMATE CONTROLLING PARTY

The immediate parent and ultimate controlling party is InfraCo Africa Limited, a company incorporated in England and Wales. The registered address of the parent is 6 Bevis Marks, 10th Floor, London, EC3A 7BA.