Registration number: 09923137

Ansaldo Energia IP UK Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Financial Statements	3 to 6

Ansaldo Energia IP UK Limited

Company Information

Directors

Mr Stefano Gianatti Ms Daniela Gentile

Company secretary

Lea Secretaries Limited

Registered office

5th Floor North Side 7/10 Chandos Street Cavendish Square London W1G 9DQ

Auditors

DTL Auditors Ltd Chartered Accountant5th Floor, North Side 7-10 Chandos Street London W1G 9DQ

Ansaldo Energia IP UK Limited

(Registration number: 09923137)
Balance Sheet as at 31 December 2025

	Note	2025 €	2024 €
Fixed assets
Intangible assets	4	-	-
Current assets
Debtors	5	102,773	104,538
Cash at bank and in hand		521,498	99,749
		624,271	204,287
Creditors: Amounts falling due within one year	6	(1,313,699)	(884,436)
Net current liabilities		(689,428)	(680,149)
Net liabilities		(689,428)	(680,149)
Capital and reserves
Called up share capital	7	50,000	50,000
Retained earnings		(739,428)	(730,149)
Shareholders' deficit		(689,428)	(680,149)

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 10 April 2026 and signed on its behalf by:
 

......................................... Mr Stefano Gianatti Director

Ansaldo Energia IP UK Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
5th Floor North Side
7/10 Chandos Street
Cavendish Square
London
W1G 9DQ

These financial statements were authorised for issue by the Board on 10 April 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Audit report

The Independent Auditor's Report was unqualified. We draw your attention to Note 2 (going concern) which reviews the financial results for the period and also the financial position as at 31 December 2025 . Our opinion is not modified in respect of this matter.. The name of the Senior Statutory Auditor who signed the audit report on 17 April 2026 was John Tiltman, who signed for and on behalf of DTL Auditors Ltd.

.........................................

Going concern

The accounts have been prepared on the going concern basis. The company had net liabilities at year end of €689,428. The directors are of the opinion that its parent company and also the group to which it belongs will continue to support it, and provide adequate funding when necessary to enable it to meet its obligations for the foreseeable future, being for a period of at least twelve months from the date of approval of the financial statements.

Ansaldo Energia IP UK Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Intellectual property	In full in the year of acquisition

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Ansaldo Energia IP UK Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

4	Intangible assets

	Trademarks, patents and licenses  €	Total €
Cost or valuation
At 1 January 2025	13,829,864	13,829,864
At 31 December 2025	13,829,864	13,829,864
Amortisation
At 1 January 2025	13,829,864	13,829,864
At 31 December 2025	13,829,864	13,829,864
Carrying amount
At 31 December 2025	-	-

5

Debtors

Current	Note	2025 €	2024 €
Amounts owed by related parties	8	102,773	45,170
Other debtors		-	59,368
		102,773	104,538

 

 

Ansaldo Energia IP UK Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

6

Creditors

Creditors: amounts falling due within one year

	Note	2025 €	2024 €
Due within one year
Trade creditors		14,650	-
Amounts owed to group undertakings and undertakings in which the company has a participating interest	8	1,289,198	809,194
Accruals and deferred income		9,851	75,242
		1,313,699	884,436

7	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	€	No.	€
Ordinary of €1 each	50,000	50,000	50,000	50,000

8	Related party transactions

Summary of transactions with parent

Ansaldo Energia S.p.a.
During the year the company purchased IP maintenance services for a value of €421,610 (2024-€589,487). At the balance sheet date the amount due to the parent company was €1,289,198 (2024-€809,194).

Summary of transactions with all entities with joint control or significant interest

Ansaldo Energia Switzerland Limited ( Fellow subsidiary)
The company provided IP Maintenance services to the fellow subsidiary to the value of €421,610 (2024-€589,487). At the balance sheet date the amount owed by the subsidiary to the company was €102,773 (2024-€45,170).

9	Parent and ultimate parent undertaking

The company's immediate parent is Ansaldo Energia S.p.A., incorporated in Italy.