Crowdhouse Energy Limited

	Page
Statement of Financial Position	1—2
Notes to the Financial Statements	3—6

1. General Information

Crowdhouse Energy Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12244660 . The registered office is Unit 1 Whitehouse Industrial Estate,, Whitehouse Road, Newcastle Upon Tyne, Tyne and Wear, NE15 6LN.

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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

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. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are HGF Patent Application Fees and Web Design Newcastle. It is amortised to income statement over its estimated economic life of 10 years.

2.4. 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	25% on cost
Motor Vehicles	25% reducing balance
Fixtures & Fittings	25% reducing balance
Computer Equipment	25% reducing balance

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the income statement so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the income statement as incurred.

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

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Crowdhouse Energy Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

2.7. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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.

2.8. 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 years 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.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 16 (2024: 10)

4. Intangible Assets

	Other
	£
Cost
As at 1 November 2024	17,295

As at 31 October 2025	17,295

Amortisation
As at 1 November 2024	4,253
Provided during the period	1,730

As at 31 October 2025	5,983

Net Book Value
As at 31 October 2025	11,312

As at 1 November 2024	13,042

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Crowdhouse Energy Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

5. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 November 2024	884	65,099	6,181	10,684	82,848
Additions	110,616	131,500	21,877	14,531	278,524

As at 31 October 2025	111,500	196,599	28,058	25,215	361,372

Depreciation
As at 1 November 2024	574	25,481	2,783	4,561	33,399
Provided during the period	19,202	29,205	3,054	4,379	55,840

As at 31 October 2025	19,776	54,686	5,837	8,940	89,239

Net Book Value
As at 31 October 2025	91,724	141,913	22,221	16,275	272,133

As at 1 November 2024	310	39,618	3,398	6,123	49,449

6. Stocks

	2025	2024
	£	£
Stock	115,983	61,017

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	643,363	83,071
Prepayments and accrued income	30,691	139,473
Other debtors	25,181	14,931
Retention	86,224	2,575
Deposits	570	570

	786,029	240,620

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	44,409	15,889
Trade creditors	352,376	140,764
Bank loans and overdrafts	1,995	2,014
Other loans	39,926	-
Corporation tax	-	1,812
Other taxes and social security	57,028	36,538
VAT	120,395	26,604

...CONTINUED

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Crowdhouse Energy Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

Net wages	54,696	18,891
Other creditors	62,589	16,013
Accruals and deferred income	167,721	-

	901,135	258,525

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

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	150,539	40,212
Bank loans	-	2,048
Other loans	182,646	-
Directors loan account	9,442	36,174

	342,627	78,434

10. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	44,409	15,889
Later than one year and not later than five years	150,539	40,212

	194,948	56,101

	194,948	56,101

11. Share Capital

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

12. Related Party Transactions

During the year under review, included within the turnover, was income received from CrowdHouse MEP Ltd of £3,203 (2024: £0). There were also payments to CrowdHouse MEP Ltd totalling £199,177 (2024: £0) included in cost of sales, £64,223 (2024: £0) included in subcontractor costs, and £1,168 (2024: £0) included in travel and subsistence costs.

At the year-end, there was a balance due from CrowdHouse MEP Ltd of £3,323 (2024: £0) and a balancing due to the same company of £30,357. Mr R D Blackwell and Mr M J D Blackwell are both company directors and shareholders of this company.

In addition to the above, included within cost of sales were charges of £49,089 and within consultancy fees were payments totalling £134,117 (2024: £0) to Blackcap Management LLP, of which Mr R D Blackwell and Mr M J D Blackwell are both partners.

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		11,312		13,042
Tangible Assets	5		272,133		49,449

			283,445		62,491
CURRENT ASSETS
Stocks	6	115,983		61,017
Debtors	7	786,029		240,620
Cash at bank and in hand		230,970		19,727

		1,132,982		321,364
Creditors: Amounts Falling Due Within One Year	8	(901,135 )		(258,525 )

NET CURRENT ASSETS (LIABILITIES)			231,847		62,839

TOTAL ASSETS LESS CURRENT LIABILITIES			515,292		125,330

Creditors: Amounts Falling Due After More Than One Year	9		(342,627 )		(78,434 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(48,578 )		-

NET ASSETS			124,087		46,896

CAPITAL AND RESERVES
Called up share capital	11		100		100
Income Statement			123,987		46,796

SHAREHOLDERS' FUNDS			124,087		46,896