REGISTERED NUMBER: 11756000 (England and Wales)

PREMIER RENEWABLES ENERGY LIMITED

FINANCIAL STATEMENTS

FOR THE PERIOD

1 APRIL 2024 TO 29 OCTOBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

S Adams

REGISTERED OFFICE:

Effective Home

Carriage Court

Welbeck Estate

Worksop

Nottinghamshire

S80 3LR

REGISTERED NUMBER:

11756000 (England and Wales)

AUDITORS:

Xeinadin Audit Limited

Statutory Auditor, Chartered Accountants

Sidings House, Sidings Court

Lakeside

Doncaster

South Yorkshire

DN4 5NU

FIXED ASSETS

Tangible assets

4

108,215

373,776

CURRENT ASSETS

Debtors

5

88,181

2,598,194

Cash at bank

41,697

7,625

129,878

2,605,819

CREDITORS

Amounts falling due within one year

6

229,655

2,475,419

NET CURRENT (LIABILITIES)/ASSETS

(99,777

)

130,400

TOTAL ASSETS LESS CURRENT LIABILITIES

8,438

504,176

CREDITORS

Amounts falling due after more than one year

7

(101,143

)

(165,992

)

PROVISIONS FOR LIABILITIES

-

(32,132

)

NET (LIABILITIES)/ASSETS

(92,705

)

306,052

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(92,805

)

305,952

SHAREHOLDERS' FUNDS

(92,705

)

306,052

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 June 2026 and were signed by:

S Adams - Director

1.	STATUTORY INFORMATION

Premier Renewables Energy Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

The financial statements cover a shortened period from 1 April 2024 to 29 October 2024, the change in year end was made to align with a group restructuring undertaken by Effective Energy Group.

Going Concern

In August 2023, Effective Energy Group Limited, the ultimate parent company, commenced the transfer of all the assets, liabilities, including all contracts and staff of Premier Renewables to other entities within the Group.

The transfer has now been completed and is in-line with post-integration strategy to integrate the sales capability of Premier business with the delivery capability of Effective Home.

Furthermore in October 2024, Effective Energy Group Limited, the former ultimate parent company, commenced a group restructuring process.

At the date of preparing the Financial Statements the directors intend to strike off the Company, and therefore the Financial Statements have been prepared on a break-up basis. Accordingly the assets and liabilities have been restated to their recoverable amounts.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful

life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

- 25% on cost

Fixtures and fittings

- 25% on cost

Motor vehicles

- 20% on cost

Computer Equipment

- 33% on cost

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2024 - 2 ).

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

478

48,683

498,517

12,333

560,011

Disposals

(478

)

(48,683

)

-

(12,333

)

(61,494

)

Impairments

-

-

(171,973

)

-

(171,973

)

At 29 October 2024

-

-

326,544

-

326,544

DEPRECIATION

At 1 April 2024

430

15,746

160,169

9,890

186,235

Charge for period

48

7,100

58,160

933

66,241

Eliminated on disposal

(478

)

(22,846

)

-

(10,823

)

(34,147

)

At 29 October 2024

-

-

218,329

-

218,329

NET BOOK VALUE

At 29 October 2024

-

-

108,215

-

108,215

At 31 March 2024

48

32,937

338,348

2,443

373,776

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 April 2024

498,517

Impairments

(171,973

)

At 29 October 2024

326,544

DEPRECIATION

At 1 April 2024

160,169

Charge for period

58,160

At 29 October 2024

218,329

NET BOOK VALUE

At 29 October 2024

108,215

At 31 March 2024

338,348

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2024

£

£

Amounts owed by group undertakings

86,407

2,459,320

Other debtors

1,774

138,874

88,181

2,598,194

Amounts owed by group undertakings are interest free and repayable on demand.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2024

£

£

Hire purchase contracts

102,989

96,119

Amounts owed to group undertakings

83,334

2,252,635

Taxation and social security

-

105,000

Other creditors

43,332

21,665

229,655

2,475,419

Amounts owed to group undertakings are interest free and repayable on demand.

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2024

£

£

Hire purchase contracts

101,143

165,992

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Candice Beynon FCCA (Senior Statutory Auditor)

for and on behalf of Xeinadin Audit Limited

9.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

B E Williams

Mr B E Williams was a director to 25 April 2025.

There is an outstanding debtor balance from B E Williams of £774 (2024: £774) at the balance sheet date.

10.	ULTIMATE CONTROLLING PARTY

The immediate parent undertaking is Premier Connections Limited, a company incorporated in England and Wales.

The ultimate parent undertaking was Effective Energy Group Limited to 28 October 2024, a company

incorporated in England and Wales, whose ultimate controlling parties are Mr R J Cox and L J Cottingham.

The consolidated accounts of Effective Energy Group Limited, in which the Company were included, are available to the public and may be obtained from Companies House.

At 29 October 2024 the ultimate parent undertaking became ABCD Holdco Limited, a company incorporated in England and Wales, whose ultimate controlling parties are Mr R J Cox and L J Cottingham.