ARL 021 Limited

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

Registered number: 11448072

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		21,978		22,763
Tangible Assets	5		1,163,607		558,736

			1,185,585		581,499
CURRENT ASSETS
Debtors	6	76,535		112,349
Cash at bank and in hand		646		2,753

		77,181		115,102
Creditors: Amounts Falling Due Within One Year	7	(222,332 )		(24,636 )

NET CURRENT ASSETS (LIABILITIES)			(145,151 )		90,466

TOTAL ASSETS LESS CURRENT LIABILITIES			1,040,434		671,965

Creditors: Amounts Falling Due After More Than One Year	8		(1,524,537 )		(1,017,306 )

NET LIABILITIES			(484,103 )		(345,341 )

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			(484,203 )		(345,441 )

SHAREHOLDERS' FUNDS			(484,103)		(345,341)

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ARL 021 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

07/04/2026

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

1. General Information

ARL 021 Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11448072 . 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. Intangible Fixed Assets and Amortisation - Other Intangible

Intangible fixed assets are stated at cost less accumulated amortisation and any impairment losses. Amortisation is charged to the profit and loss account on a systematic basis over the estimated useful life of the asset, reflecting the pattern in which the asset’s economic benefits are consumed.

Licences and agreements represent permits or licences issued in connection with the development of the gas peaking plant. These are amortised on a straight-line basis over the shorter of the licence period or the lease term.

The estimated useful lives and amortisation methods are reviewed at each reporting date.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less any accumulated depreciation and impairment losses. Cost includes the purchase price and any directly attributable costs required to bring the asset into working condition for its intended use.

Assets under construction are not depreciated until they are available for use.

Depreciation of plant and machinery commences when the assets are available for use. During the year, certain plant and machinery assets, including welfare cabins and site security equipment, became available for use and have been depreciated accordingly.

Depreciation is applied as follows:

Leasehold	Straight-line over the term of the lease
Plant & Machinery	20% Straight-line
Site Costs (Under Construction)	Depreciation to commence upon site completion

3. Average Number of Employees

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

4. Intangible Assets

	Licences and Agreements
	£
Cost
As at 1 June 2024	23,548

As at 31 May 2025	23,548

Amortisation
As at 1 June 2024	785
Provided during the period	785

As at 31 May 2025	1,570

Net Book Value
As at 31 May 2025	21,978

As at 1 June 2024	22,763

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ARL 021 Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2025

5. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Site Costs (Under Construction)	Total
	£	£	£	£
Cost
As at 1 June 2024	30,673	24,890	504,195	559,758
Additions	-	-	610,872	610,872

As at 31 May 2025	30,673	24,890	1,115,067	1,170,630

Depreciation
As at 1 June 2024	1,022	-	-	1,022
Provided during the period	1,023	4,978	-	6,001

As at 31 May 2025	2,045	4,978	-	7,023

Net Book Value
As at 31 May 2025	28,628	19,912	1,115,067	1,163,607

As at 1 June 2024	29,651	24,890	504,195	558,736

Site Status

At the balance sheet date, the site was under construction and had not yet commenced operations. Construction activities are ongoing.

6. Debtors

	2025	2024
	£	£
Due within one year
Prepayments and accrued income	69,965	75,721
VAT	6,570	36,628

	76,535	112,349

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	222,332	18,636
Accruals and deferred income	-	6,000

	222,332	24,636

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

	2025	2024
	£	£
Amounts owed to group undertakings	1,524,537	1,017,306

Amounts Owed to Group Undertakings

At the balance sheet date, the company owed £1,524,537 (2024: £1,017,306) to group undertakings. The balances are unsecured, interest-free and are not expected to be repaid within the foreseeable future.

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ARL 021 Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2025

9. Share Capital

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

10. Ultimate Controlling Party

The company’s immediate controlling party is Terra Firma (Wingrave) Ltd, by virtue of its ownership of 100% of the issued share capital.

The company’s ultimate controlling party is Terra Firma Energy Ltd, which holds a majority interest in Terra Firma (Wingrave) Ltd.

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