Company registration number 10113163 (England and Wales)
IQB CONSTRUCTION LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
IQB CONSTRUCTION LIMITED
COMPANY INFORMATION
Director
D M Reid
Secretary
S Cruickshank
Company number
10113163
Registered office
Parcels Building
14 Bird Street
London
United Kingdom
W1U 1BU
Accountants
FLB Accountants LLP
1010 Eskdale Road
Winnersh Triangle
Wokingham
Berkshire
RG41 5TS
IQB CONSTRUCTION LIMITED
CONTENTS
Page
Statement of financial position
1
Notes to the financial statements
2 - 5
IQB CONSTRUCTION LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Current assets
Debtors
3
34,001
1
Cash at bank and in hand
-
0
1,625
34,001
1,626
Creditors: amounts falling due within one year
4
(5,573,391)
(4,794,492)
Net current liabilities
(5,539,390)
(4,792,866)
Capital and reserves
Called up share capital
5
1
1
Profit and loss reserves
6
(5,539,391)
(4,792,867)
Total equity
(5,539,390)
(4,792,866)

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The director of the company has elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 3 February 2026
D M Reid
Director
Company registration number 10113163 (England and Wales)
IQB CONSTRUCTION LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
1
Accounting policies
Company information

IQB Construction Limited is a private company limited by shares incorporated in England and Wales. The registered office is Parcels Building, 14 Bird Street, London, United Kingdom, W1U 1BU.

The principal activity of the Company is a holding company for investments that construct anaerobic digestion plants for the generation of gas and electricity from renewable energy sources in the UK.

1.1
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 a mounts 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.

1.2
Going concern

The Company has a loan from Ingenious Renewable Energy Lending Services Limited (IRELSL) which has security in the form of debentures and guarantees over the assets held by Saltaugh Grange Renewable Energy Limited, East Helscott Renewable Energy Limited and Penans Renewable Energy Limited, therefore no letter of support was deemed necessary.

The Company also has a balance owing to IQ Biogas Limited. The Company is dependent on financial support from its parent entity, which is expected but not guaranteed.

As a result of the above and having considered the Company's cash requirements for the year from the date of approval of these accounts, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the directors continues to adopt the going concern basis in preparing the financial statements.

1.3
Cash and cash equivalents

Cash and cash equivalents 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, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.4
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.

IQB CONSTRUCTION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 3 -
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and loans from fellow group companies, 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 paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

1.5
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.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

IQB CONSTRUCTION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 4 -
1.7

Loans

Non-derivative financial liabilities with fixed or determinable repayments that are not quoted in an active market are classified as loans. Loans are initially recognised at fair value of the consideration received plus directly related transaction costs. They are subsequently measured at amortised cost using the effective interest method. Arrangement fees and interest payable on financial liabilities that are classified as loans, are charged to the profit and loss account.

The effective interest method is a method of calculating the amortised cost of a financial liability and of allocating the interest payable over the expected life of the liability. The effective interest rate is the rate that exactly discounts estimated future cashflows to the instrument's initial carrying amount. Calculation of the effective interest rate takes into account fees payable, that are an integral part of the instrument yield and transaction costs. All contractual terms of a financial instrument are considered when estimating future cash flows.

A financial liability is removed from the balance sheet when the obligation is discharged, or cancelled, or expires.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
0
0
3
Debtors
2025
2024
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
34,001
1
4
Creditors: amounts falling due within one year
2025
2024
£
£
Amounts owed to group undertakings
(220,622)
631,336
Other creditors
5,794,013
4,163,156
5,573,391
4,794,492

Included within other creditors is a secured loan of £4,151,822 (2024: £4,151,822) from Ingenious Renewable Energy Lending Services Limited (IRELSL). Security has been provided in the form of debentures and guarantees over the assets held by fellow group undertakings Saltaugh Grange Renewable Energy Limited, East Helscott Renewable Energy Limited and Penans Renewable Energy Limited.

IQB CONSTRUCTION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
5
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
1
1
1
1
6
Profit and loss reserves
2025
2024
£
£
At the beginning of the year
(4,792,867)
(4,482,821)
Loss for the year
(746,524)
(310,046)
At the end of the year
(5,539,391)
(4,792,867)

The p rofit and l oss a ccount represents the cumulative profits or losses, net of dividends paid and other adjustments.

7
Ultimate controlling party

The immediate parent undertaking is I Q Biogas Limited, for which the registered office is Parcels Building, 14 Bird Street, London, England, W1U 1BU.

The ultimate parent undertaking is Ingenious Qila Biogas LLP, which is registered in England and Wales.

2025-03-31 2024-04-01 false false false CCH Software CCH Accounts Production 2025.300 No description of principal activity D M Reid S Cruickshank 10113163 2024-04-01 2025-03-31 10113163 bus:Director1 2024-04-01 2025-03-31 10113163 bus:CompanySecretary1 2024-04-01 2025-03-31 10113163 bus:RegisteredOffice 2024-04-01 2025-03-31 10113163 2025-03-31 10113163 2024-03-31 10113163 core:WithinOneYear 2025-03-31 10113163 core:WithinOneYear 2024-03-31 10113163 core:CurrentFinancialInstruments 2025-03-31 10113163 core:CurrentFinancialInstruments 2024-03-31 10113163 core:ShareCapital 2025-03-31 10113163 core:ShareCapital 2024-03-31 10113163 core:RetainedEarningsAccumulatedLosses 2025-03-31 10113163 core:RetainedEarningsAccumulatedLosses 2024-03-31 10113163 core:ShareCapitalOrdinaryShareClass1 2025-03-31 10113163 core:ShareCapitalOrdinaryShareClass1 2024-03-31 10113163 core:RetainedEarningsAccumulatedLosses 2024-03-31 10113163 core:RetainedEarningsAccumulatedLosses 2023-03-31 10113163 2023-04-01 2024-03-31 10113163 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 10113163 bus:OrdinaryShareClass1 2025-03-31 10113163 bus:OrdinaryShareClass1 2024-03-31 10113163 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 10113163 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 10113163 bus:FRS102 2024-04-01 2025-03-31 10113163 bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 10113163 bus:FullAccounts 2024-04-01 2025-03-31 xbrli:pure xbrli:shares iso4217:GBP