Company registration number 11684866 (England and Wales)
Stanton Energy Ltd
Financial statements
For the year ended 31 March 2025
STANTON ENERGY LTD
Stanton Energy Ltd
Company information
Directors
A R Cook
F Pasquier
Company number
11684866
Registered office
5 Prospect Place
Millenium Way
Pride Park
Derby
DE24 8HG
Auditor
Orcom Civvals Audit Limited
Chartered Accountants & Statutory Auditors
50 Seymour Street
London
W1H 7JG
Business address
The Old Iron Works
Crompton Road
Ilkeston
Derbyshire
DE7 4GB
Accountants
DJH Derby Limited
5 Prospect Place
Millenium Way
Pride Park
Derby
DE24 8HG
STANTON ENERGY LTD
Stanton Energy Ltd
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 7
STANTON ENERGY LTD
Stanton Energy Ltd
Statement of financial position
AS AT 31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
9,494,144
10,065,019
Current assets
Stocks
5
196,108
265,032
Debtors
6
791,954
1,498,735
Cash at bank and in hand
195,682
286,249
1,183,744
2,050,016
Creditors: amounts falling due within one year
7
(20,938,873)
(19,106,197)
Net current liabilities
(19,755,129)
(17,056,181)
Net liabilities
(10,260,985)
(6,991,162)
Capital and reserves
Called up share capital
8
207
207
Share premium account
199,793
199,793
Profit and loss reserves
(10,460,985)
(7,191,162)
Total equity
(10,260,985)
(6,991,162)

The notes on pages 2 to 7 form part of these financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime a nd in accordance with the provisions of FRS 102 section 1A-small entities.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 31 March 2026 and are signed on its behalf by:
A R Cook
Director
Company registration number 11684866 (England and Wales)
STANTON ENERGY LTD
Stanton Energy Ltd
Notes to the financial statements
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
1
Accounting policies
Company information

Stanton Energy Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 5 Prospect Place, Millennium Way, Pride Park, Derby, DE24 8HG.

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.

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.

1.2
Going concern

The financial statements have been prepared on a going concern basis notwithstanding the company has net liabilities of £10,260,985 (2024 - £6,991,162) at the year end. The parent company has agreed to provide financial support to the company to the extent necessary to enable the company to meet its obligations as they fall due for at least 12 months from the date of these financial statements.

The directors therefore consider that the going concern basis is appropriate to the preparation of these financial statements.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Sale of Biomethane:

Revenue from the injection of biomethane into the national gas grid is recognised at the point of injection.

Measurement is based on metered volumes at the entry points, valued at the contractually agreed market price.

Government Support (RHI & GGSS):

Recognition: Income is recognised as revenue in the period in which the eligible biomethane is injected.

Conditionality: It is recognised when there is reasonable assurance that the company will comply with Ofgem's sustainability criteria and the grant will be received.

Green Certificates (RTFCs & RGGOs)

RTFCs: Revenue from renewable transport fuel certificates is recognised upon the transfer to certificates to a third party or when their value can be reliably measured following production.

RGGOs: Renewable Gas Guarantees of Origin are recognised as a separate performance obligation when the "green" attribute is legally transferred via the green gas certification scheme.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

STANTON ENERGY LTD
Stanton Energy Ltd
Notes to the financial statements (continued)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 3 -

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant development
20 years straight line
Plant and machinery
15% reducing balance
Fixtures, fittings and equipment
20% reducing balance
1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.6
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.

1.7
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 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.

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.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

STANTON ENERGY LTD
Stanton Energy Ltd
Notes to the financial statements (continued)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 4 -
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts 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.

1.8

Finance costs

Finance costs are charged to the profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

1.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

1.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using using the effective interest rate.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

STANTON ENERGY LTD
Stanton Energy Ltd
Notes to the financial statements (continued)
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
3
Employees

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

2025
2024
Number
Number
2
2
4
Tangible fixed assets
Plant development
Plant and machinery
Fixtures, fittings and equipment
Total
£
£
£
£
Cost
At 1 April 2024
10,974,977
112,333
70,557
11,157,867
Additions
-
0
1,800
-
0
1,800
At 31 March 2025
10,974,977
114,133
70,557
11,159,667
Depreciation and impairment
At 1 April 2024
1,052,521
15,198
25,129
1,092,848
Depreciation charged in the year
548,749
14,840
9,086
572,675
At 31 March 2025
1,601,270
30,038
34,215
1,665,523
Carrying amount
At 31 March 2025
9,373,707
84,095
36,342
9,494,144
At 31 March 2024
9,922,456
97,135
45,428
10,065,019
5
Stocks
2025
2024
£
£
Raw materials and feedstock
68,269
137,193
Critical spares
127,839
127,839
196,108
265,032
STANTON ENERGY LTD
Stanton Energy Ltd
Notes to the financial statements (continued)
FOR THE YEAR ENDED 31 MARCH 2025
- 6 -
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
-
0
2,629
Other debtors
239,166
676,071
Prepayments and accrued income
552,788
820,035
791,954
1,498,735
7
Creditors: amounts falling due within one year
2025
2024
Notes
£
£
Trade creditors
811,459
1,247,573
Amounts owed to group undertakings
16,732,700
15,414,607
Interest payable to group undertakings
3,147,319
2,095,358
Other creditors
15,347
-
0
Accruals and deferred income
232,048
348,659
20,938,873
19,106,197
8
Share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A shares of £1 each
105
105
105
105
Ordinary B shares of £1 each
102
102
102
102
207
207
207
207
9
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

Opinion

in our opinion the financial statements:

- give a true and fair view of the state of the Company's affairs as at 31 March 202 5 and of its loss for the period then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

STANTON ENERGY LTD
Stanton Energy Ltd
Notes to the financial statements (continued)
FOR THE YEAR ENDED 31 MARCH 2025
9
Audit report information
(Continued)
- 7 -

Emphasis of matter

We draw attention to note 1.2 to the financial statements which refers to the use of the going concern basis in the preparation of these financial statements. Our opinion is not qualified in respect of this matter.

Senior Statutory Auditor:
Philip Jones
Statutory Auditor:
Orcom Civvals Audit Limited
Date of audit report:
31 March 2026
10
Financial commitments, guarantees and contingent liabilities

The total amount of financial commitments not included in the balance sheet is £895,066 (2024 - £1,048,667).

11
Operating lease commitments

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

2025
2024
£
£
Within one year
40,000
40,000
Between two and five years
160,000
160,000
In over five years
430,000
470,000
630,000
670,000
12
Related party transactions

The company has taken advantage of the exemption available under FRS102 from the disclosures relating to transactions with other group companies.

In the year, the Trustees of the Cook Pension Scheme, an entity controlled by A R Cook, charged rent to the company of £31,238 (2024 - £52,063).

13
Directors' transactions

At the balance sheet date the amounts owed to directors amounted to £15,147 (202 4 - £Nil). The loans are provided interest free and are repayable on demand.

14
Ultimate controlling party

The company is a 51% subsidiary of Swen IFT UK Limited, the immediate parent undertaking, a company incorporated in the United Kingdom. The ultimate parent undertaking is Swen Impact Fund for Transition, a company incorporated in France, managed by Swen Capital Partners. The company's registered address is 20/22 Rue Vernier 75017 Paris, France.

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