Terra Firma (Droitwich) Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 13127208

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		114,389		114,389
Investments in Subsidiaries	5		408,328		408,328

			522,717		522,717
CURRENT ASSETS
Debtors	6	4,126,428		2,379,837
Cash at bank and in hand		282		15

		4,126,710		2,379,852
Creditors: Amounts Falling Due Within One Year	7	(48,727 )		(83,423 )

NET CURRENT ASSETS (LIABILITIES)			4,077,983		2,296,429

TOTAL ASSETS LESS CURRENT LIABILITIES			4,600,700		2,819,146

Creditors: Amounts Falling Due After More Than One Year	8		(5,312,387 )		(2,905,822 )

NET LIABILITIES			(711,687 )		(86,676 )

CAPITAL AND RESERVES
Called up share capital	10		100		100
Profit and Loss Account			(711,787 )		(86,776 )

SHAREHOLDERS' FUNDS			(711,687)		(86,676)

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Terra Firma (Droitwich) Limited

Balance Sheet (continued)

As At 31 May 2025

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

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Richard Meakin

Director

19/02/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Terra Firma (Droitwich) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13127208 . The registered office is 6-8 Great Eastern Street, London, United Kingdom, EC2A 3NT.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold

None

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

4. Tangible Assets

	Land & Property
	Freehold
	£
Cost
As at 1 June 2024	114,389

As at 31 May 2025	114,389

Net Book Value
As at 31 May 2025	114,389

As at 1 June 2024	114,389

5. Investments in Subsidiaries

	Subsidiaries
	£
Cost or Valuation
As at 1 June 2024	408,328

As at 31 May 2025	408,328

Provision
As at 1 June 2024	-

As at 31 May 2025	-

Net Book Value
As at 31 May 2025	408,328

As at 1 June 2024	408,328

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Terra Firma (Droitwich) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2025

Subsidiary Undertakings

At the balance sheet date, the company held the following subsidiary undertaking, incorporated in England and Wales:

Droitwich Peak Energy Limited

Company Number: 12086296

Shareholding: 100%

Principal Activity: Operation of a gas peaking power plant in Droitwich.

The investment is stated at cost of £408,328 and is reviewed annually for impairment. No impairment has been recognised during the current or prior financial year.

6. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	-	233,182
VAT	610	10

	610	233,192
Due after more than one year
Amounts owed by group undertakings	4,125,818	2,146,645

	4,126,428	2,379,837

Amounts Due from Group Undertakings

At the balance sheet date, the company was owed £4,125,818 (2024: £2,146,645) by group undertakings. The balances are unsecured, interest-free and are not expected to be repaid within the foreseeable future.

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	41,150	72,924
Other creditors	7,577	7,499
Accruals and deferred income	-	3,000

	48,727	83,423

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Loan notes	4,821,000	2,845,000
Interest payable	491,387	60,822

	5,312,387	2,905,822

9. Secured Creditors

The company’s secured creditors include loan notes, which are secured by fixed and floating charges over the company’s assets.

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Terra Firma (Droitwich) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2025

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

11. Controlling Party

The immediate and ultimate controlling party is Terra Firma Energy Ltd, by virtue of its ownership of 85% of the issued share capital of the company.

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