REGISTERED NUMBER: 06922318 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

FOR

A SHADE GREENER LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

S J Davies

R Parlett

A W J Cundall

REGISTERED OFFICE:

Sterling House

Maple Court

Maple Road

Tankersley

S75 3DP

REGISTERED NUMBER:

06922318 (England and Wales)

SENIOR STATUTORY AUDITOR:

Andrew Throssell FCA

AUDITORS:

Hebblethwaites

Chartered Accountants & Statutory Auditors

2 Westbrook Court

Sharrow Vale Road

Sheffield

S11 8YZ

FIXED ASSETS

Intangible assets

5

-

-

Tangible assets

6

9,863,996

10,764,576

9,863,996

10,764,576

CURRENT ASSETS

Stocks

805,672

935,887

Debtors

7

67,227,525

59,836,402

Cash at bank and in hand

3,988,030

5,189,856

72,021,227

65,962,145

CREDITORS

Amounts falling due within one year

8

19,072,457

14,487,822

NET CURRENT ASSETS

52,948,770

51,474,323

TOTAL ASSETS LESS CURRENT LIABILITIES

62,812,766

62,238,899

CREDITORS

Amounts falling due after more than one year

9

34,586,976

37,664,199

NET ASSETS

28,225,790

24,574,700

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

28,224,790

24,573,700

SHAREHOLDERS' FUNDS

28,225,790

24,574,700

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 7 April 2026 and were signed on its behalf by:

S J Davies - Director

1.	STATUTORY INFORMATION

A Shade Greener 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.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on the historical cost basis.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Accounting estimates and assumptions are made concerning the future and, by nature, will rarely equal the related actual outcome.

In the opinion of management, there are no judgements or key sources of estimation uncertainty that have a significant impact on the financial statements, other than those stated below.

Turnover & income recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Turnover includes amounts generated from feed in tariff ('FIT') on electricity produced by solar panels and renewable heat incentive ('RHI') on biomass boilers in work in progress.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefit will flow to the entity; and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Interest income, included in turnover, is recorded as it accrues using the interest rates per the agreements.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to let property

-

10% on cost

Plant and machinery

-

25% on reducing balance and at varying rates on cost

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

33% on cost

Stocks and work in progress

Work in progress in respect of solar and biomass systems is recorded at cost of installations fitted and is being written down in line with the associated tariff lengths.

Work in progress in respect of building projects is recorded at the lower of cost and net realisable value. Net realisable value represents the estimated selling 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Development costs

Amortisation is provided on development costs in order to write these off over the estimated useful life of 10 years.

Lease commitments

Rentals paid under operating leases are charged to the profit or loss on straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Consolidation

All of the company's subsidiaries have been excluded from consolidation as their inclusion in aggregate would not be material. The financial statements present information about the company as an individual undertaking.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

The company's principal financial instruments comprise bank balances, trade debtors and trade creditors. The main purpose of these instruments is to raise funds and to finance the company's operations. Due to the nature of the financial instruments used by the company there is no significant exposure to price risk, credit risk, liquidity risk or cash flow risk.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2024 - 13 ) .

5.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 October 2024

and 30 September 2025

1,688,212

AMORTISATION

At 1 October 2024

and 30 September 2025

1,688,212

NET BOOK VALUE

At 30 September 2025

-

At 30 September 2024

-

Development costs are capitalised so as to match the expenditure with the future revenues of the project.

6.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 October 2024

298,090

15,582,333

15,880,423

Additions

-

2,556

2,556

At 30 September 2025

298,090

15,584,889

15,882,979

DEPRECIATION

At 1 October 2024

-

5,115,847

5,115,847

Charge for year

-

903,136

903,136

At 30 September 2025

-

6,018,983

6,018,983

NET BOOK VALUE

At 30 September 2025

298,090

9,565,906

9,863,996

At 30 September 2024

298,090

10,466,486

10,764,576

7.

DEBTORS

30.9.25

30.9.24

£

£

Amounts falling due within one year:

Trade debtors

1,675,316

1,475,242

Amounts owed by related parties

3,215,488

3,091,739

Other debtors

16,521

158,671

4,907,325

4,725,652

Amounts falling due after more than one year:

Loans to related parties

62,320,200

55,110,750

Aggregate amounts

67,227,525

59,836,402

Loans to related parties include £53.3m due from A Shade Greener Finance Ltd and £11.81m due from MBO Partner 1 Ltd with final repayments being 30.1.28 and 31.12.28 respectively. The amount due from MBO Partner 1 Ltd after more than one year is £9.02m.

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

£

Trade creditors

60,525

46,261

Taxation and social security

737,609

474,265

Directors loan

12,811,079

10,981,284

Related party balances

2,077,383

24,988

Bank loan

3,077,224

2,719,309

Other creditors

308,638

241,715

19,072,458

14,487,822

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.25

30.9.24

£

£

Bank loan

34,586,975

437,664,199

Amounts falling due in more than five years:

Repayable by instalments

Bank loan

-

-

10.	SECURED DEBTS

The following secured debts are included within creditors:

30.9.25

30.9.24

£

£

Directors' current accounts

12,811,079

10,981,284

Loans

37,664,199

40,383,508

50,475,278

51,364,792

The current account of S J Davies is secured by a debenture dated 5 April 2013 over the assets of the company.

Loans are secured by a debenture dated 30 January 2023 over the assets of the company.

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

The Report of the Auditor, dated 7 April 2026, was unqualified.

Andrew Throssell FCA (Senior Statutory Auditor)

For and on behalf of Hebblethwaites

12.	RELATED PARTY DISCLOSURES

A Shade Greener Maintenance Ltd

S J Davies is a shareholder

During the year the company undertook the following transactions on normal commercial terms with A Shade Greener Maintenance Limited

30.9.25

30.9.24

£

£

Sales

622,761

596,086

Cost of sales

281,907

281,907

30.9.25

30.9.24

£

£

Amount due from/(to) related party at balance sheet date

(2,076,240)

(22,790)

A Shade Greener (Boilers) LLP

S J Davies is a member of the LLP

During the year the company made sales to A Shade Greener (Boilers) LLP on normal commercial terms of £162,714 (2024 £135,644).

A Shade Greener Home Services Ltd

S J Davies is a shareholder

30.9.25

30.9.24

£

£

Amount due from/(to) related party at balance sheet date

86,580

86,580

A Shade Greener Finance Ltd

S J Davies is a shareholder

During the year the company made sales to A Shade Greener Finance Ltd on normal commercial terms of £ (3,277,506 2024 £2,758,549).

30.9.25

30.9.24

£

£

Amount due from/(to) related party at balance sheet date

1,072

360,092

13.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is S J Davies.