DROITWICH PEAK ENERGY LIMITED

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

Registered number: 12086296

		31 May 2025		31 May 2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		4,030		4,534
Tangible Assets	5		3,490,701		853,993

			3,494,731		858,527
CURRENT ASSETS
Debtors	6	101,698		167,243
Cash at bank and in hand		159,794		1

		261,492		167,244
Creditors: Amounts Falling Due Within One Year	7	(357,718 )		(146,115 )

NET CURRENT ASSETS (LIABILITIES)			(96,226 )		21,129

TOTAL ASSETS LESS CURRENT LIABILITIES			3,398,505		879,656

Creditors: Amounts Falling Due After More Than One Year	8		(3,630,610 )		(896,975 )

NET LIABILITIES			(232,105 )		(17,319 )

CAPITAL AND RESERVES
Called up share capital	10		1,000		1,000
Profit and Loss Account			(233,105 )		(18,319 )

SHAREHOLDERS' FUNDS			(232,105)		(17,319)

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DROITWICH PEAK ENERGY 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

23/02/2026

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

1. General Information

DROITWICH PEAK ENERGY LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 12086296 . 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. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added tax.

Turnover principally comprises revenue earned from the wholesale generation and sale of electricity, together with capacity market income received under contractual arrangements.

Revenue from electricity generation is recognised in the period in which electricity is supplied.

Capacity market income is recognised in the period to which the related contractual entitlement relates.

2.3. 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 each asset, reflecting the pattern in which the asset’s economic benefits are consumed.

The company’s intangible assets include:

Licences and Agreements: These relate to permits or licences issued for the setup of the gas peaking plant. These are amortised on a straight-line basis over the life of the licence or the lease, whichever is shorter.

Amortisation policies and useful lives are reviewed annually and adjusted if necessary.

2.4. Tangible Fixed Assets and Depreciation

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

The company’s tangible fixed assets comprise gas peaking generators, site infrastructure costs, and office equipment.

The company applies the revaluation model in respect of its gas peaking generators. These assets are treated as a separate class of plant and machinery due to their specialist nature and significant value. The generators are revalued periodically to ensure that their carrying amount does not differ materially from fair value. The directors have assessed the generators as having a long useful economic life and significant residual value.

Other tangible fixed assets are accounted for using the cost model.

Depreciation commences when the assets are available for use. The useful economic lives and residual values of tangible fixed assets are reviewed annually and adjusted where appropriate.

Depreciation is applied as follows:

Plant & Machinery	2% - Straight line
Site Infrastructure Costs	25 years - Straight line
Office Equipment	20% - Straight line

3. Average Number of Employees

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

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DROITWICH PEAK ENERGY LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2025

4. Intangible Assets

	Licences and Agreements
	£
Cost
As at 1 June 2024	5,038

As at 31 May 2025	5,038

Amortisation
As at 1 June 2024	504
Provided during the period	504

As at 31 May 2025	1,008

Net Book Value
As at 31 May 2025	4,030

As at 1 June 2024	4,534

5. Tangible Assets

	Plant & Machinery	Site Infrastructure Costs	Office Equipment	Total
	£	£	£	£
Cost
As at 1 June 2024	339,248	514,228	564	854,040
Additions	2,180,392	460,094	-	2,640,486

As at 31 May 2025	2,519,640	974,322	564	3,494,526

Depreciation
As at 1 June 2024	-	-	47	47
Provided during the period	417	3,248	113	3,778

As at 31 May 2025	417	3,248	160	3,825

Net Book Value
As at 31 May 2025	2,519,223	971,074	404	3,490,701

As at 1 June 2024	339,248	514,228	517	853,993

Site Status

The gas peaking facility was completed in February 2025 and commenced commercial operations during the financial year. At the balance sheet date, the site was fully operational.

6. Debtors

	31 May 2025	31 May 2024
	£	£
Due within one year
Prepayments and accrued income	76,997	33,059
VAT	24,701	134,184

	101,698	167,243

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DROITWICH PEAK ENERGY LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2025

7. Creditors: Amounts Falling Due Within One Year

	31 May 2025	31 May 2024
	£	£
Trade creditors	219,189	143,615
Close Leasing loan - CY	79,154	-
Other taxes and social security	6,084	-
Other creditors	15,241	-
Accruals and deferred income	38,050	2,500

	357,718	146,115

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

	31 May 2025	31 May 2024
	£	£
Close Leasing loan	2,207,721	-
Amounts owed to group undertakings	1,422,889	896,975

	3,630,610	896,975

Amounts Owed to Group Undertakings

Included within creditors is £1,422,889 (2024: £896,975) owed to group undertakings. The balances are unsecured, interest-free and are not expected to be repaid within the foreseeable future.

9. Secured Creditors

The company has secured asset finance facilities with Close Leasing Limited in relation to the funding of the gas peaking plant and associated infrastructure.

The facilities are secured by fixed and floating charges over the assets and undertakings of the company, including the leasehold property, plant and machinery and related project assets.

Amounts falling due within one year are included within current liabilities, with the remaining balances included within creditors due after more than one year.

10. Share Capital

	31 May 2025	31 May 2024
	£	£
Allotted, Called up and fully paid	1,000	1,000

11. Ultimate Controlling Party

The company’s immediate controlling party is Terra Firma (Droitwich) 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 (Droitwich) Ltd.

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