Proventus Renewables Ltd

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

Registered number: 11354240

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		744		1,697
Investment Properties	5		170,000		170,000
Investments	6		2,189,508		2,414,424

			2,360,252		2,586,121
CURRENT ASSETS
Debtors	7	1,372,953		239,712
Investments	8	69,768		77,272
Cash at bank and in hand		1,644,058		2,802,148

		3,086,779		3,119,132
Creditors: Amounts Falling Due Within One Year	9	(26,712 )		(225,178 )

NET CURRENT ASSETS (LIABILITIES)			3,060,067		2,893,954

TOTAL ASSETS LESS CURRENT LIABILITIES			5,420,319		5,480,075

NET ASSETS			5,420,319		5,480,075

CAPITAL AND RESERVES
Called up share capital	10		100		100
Profit and Loss Account			5,420,219		5,479,975

SHAREHOLDERS' FUNDS			5,420,319		5,480,075

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Proventus Renewables 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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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 Bartlomiej Dujczynski

Director

19/05/2026

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

1. General Information

Proventus Renewables Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11354240 . The registered office is C/O Kumar & Co Accountants Springfield House, 23 Oatlands Drive, Weybridge, KT13 9LZ.

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. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. 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:

Plant & Machinery	over 3 years reducing balance
Motor Vehicles	25% on Cost

2.4. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

2.5. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

2.7. Investments

Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance Sheet date, unless fair value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether reallised or unrealised, are combined and shown in the heading 'Gains/(losses) on investments' in the Profit and Loss account.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 1)

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Proventus Renewables Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2025

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Total
	£	£	£
Cost
As at 1 June 2024	5,817	89,740	95,557

As at 31 May 2025	5,817	89,740	95,557

Depreciation
As at 1 June 2024	4,120	89,740	93,860
Provided during the period	953	-	953

As at 31 May 2025	5,073	89,740	94,813

Net Book Value
As at 31 May 2025	744	-	744

As at 1 June 2024	1,697	-	1,697

5. Investment Property

	2025
	£
Fair Value
As at 1 June 2024 and 31 May 2025	170,000

6. Investments

	Other
	£
Cost or Valuation
As at 1 June 2024	2,414,424
Additions	1,217,183
Disposals	(1,403,954 )
Revaluations	(38,145 )

As at 31 May 2025	2,189,508

Provision
As at 1 June 2024	-

As at 31 May 2025	-

Net Book Value
As at 31 May 2025	2,189,508

As at 1 June 2024	2,414,424

Listed investments are stated at market value, based on the market price on the balance sheet date. Unlisted investments are stated at cost less provision for impairment.

For year ended 31 May 2025, total realised gain were £7,218, together with the revaluation losses of £38,145 equals £30,927 net investment losses shown in the profit and loss account.

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Proventus Renewables Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2025

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	-	19,200
Other debtors	6,306	18,703
Other debtors WHT	23,917	-
Corporation tax recoverable assets	7,895	-

	38,118	37,903
Due after more than one year
Convertible Loan	-	90,285
Loan to Related Party Company	1,334,835	111,524

	1,334,835	201,809

	1,372,953	239,712

8. Current Asset Investments

	2025	2024
	£	£
Short term deposits	69,768	77,272

9. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	4,000	610
Corporation tax	14,815	217,202
VAT	1,879	688
Other creditors	2,844	-
Director's loan account	3,174	6,678

	26,712	225,178

10. Share Capital

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

11. Related Party Transactions

Included within debtors is a non-interest bearing loan of £1,334,835 (2024: £111,524) due from PRL Suedtirol GmbH Incorporated, Italy, a company under common control of the director, Mr B Dujczynski. The balance is unsecured and repayable on demand.

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