TERRA FIRMA (WINGRAVE) LTD

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 13127262

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Investments in Subsidiaries	4		794,866		794,866

			794,866		794,866
CURRENT ASSETS
Debtors	5	21,240,028		19,216,113
Cash at bank and in hand		178		256

		21,240,206		19,216,369
Creditors: Amounts Falling Due Within One Year	6	(117,404 )		(76,785 )

NET CURRENT ASSETS (LIABILITIES)			21,122,802		19,139,584

TOTAL ASSETS LESS CURRENT LIABILITIES			21,917,668		19,934,450

Creditors: Amounts Falling Due After More Than One Year	7		(27,466,743 )		(22,539,438 )

NET LIABILITIES			(5,549,075 )		(2,604,988 )

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			(5,549,175 )		(2,605,088 )

SHAREHOLDERS' FUNDS			(5,549,075)		(2,604,988)

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TERRA FIRMA (WINGRAVE) LTD

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

11/05/2026

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

TERRA FIRMA (WINGRAVE) LTD is a private company, limited by shares, incorporated in England & Wales, registered number 13127262 . 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.

3. Average Number of Employees

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

4. Investments in Subsidiaries

	Subsidiaries
	£
Cost or Valuation
As at 1 June 2024	794,866

As at 31 May 2025	794,866

Provision
As at 1 June 2024	-

As at 31 May 2025	-

Net Book Value
As at 31 May 2025	794,866

As at 1 June 2024	794,866

Subsidiary Undertakings

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

ARL 021 Limited

Company Number: 11448072

Shareholding: 100%

Principal Activity: Development, construction and future operation of a gas peaking power plant in Wingrave.

The investment is stated at cost of £794,866 and is reviewed annually for impairment. No impairment has been recognised during the financial year.

5. Debtors

	2025	2024
	£	£
Due within one year
VAT	2,180	1,200
Due after more than one year
Amounts owed by group undertakings	21,237,848	19,214,913

	21,240,028	19,216,113

Amounts Due from Group Undertakings

At the balance sheet date, the company was owed £21,237,848 (2024: £19,214,913) by group undertakings. The balances are unsecured, interest-free and are not expected to be repaid within the foreseeable future.

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TERRA FIRMA (WINGRAVE) LTD

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2025

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	117,404	70,785
Accruals and deferred income	-	6,000

	117,404	76,785

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

	2025	2024
	£	£
Other loans	147,535	147,535
Loan notes	24,083,757	21,261,436
Interest payable	3,235,451	1,130,467

	27,466,743	22,539,438

8. Secured Creditors

The company’s secured creditors include loan notes and other borrowings secured by fixed and floating charges over the assets and undertakings of the company.

9. Share Capital

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

10. Controlling Party

The immediate and ultimate controlling party is Terra Firma Energy Ltd, by virtue of its ownership of 75% of the issued share capital of the company.

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