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Registered number: OC396547 OPTIONS ENERGY SUPPORT LLP FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
OPTIONS ENERGY SUPPORT LLP REGISTERED NUMBER: OC396547 BALANCE SHEET AS AT 31 MARCH 2025
| 2025 | 2025 | 2024 | 2024
Note | £ | £ | £ | £
Fixed assets |  |  |  |  |
Tangible assets | 5 |  | 11,213 |  | 2
Investments | 6 |  | - |  | 1
Current assets |  |  |  |  |
Stocks | 7 | 13,133 |  | 2,217 |
Debtors: amounts falling due within one year | 8 | 4,655,741 |  | 4,528,767 |
Cash at bank and in hand | 9 | 13,567 |  | 6,143 |
|  | 4,682,441 |  | 4,537,127 |
Creditors: Amounts Falling Due Within One Year | 10 | (4,257,935) |  | (4,299,641) |
Net current assets |  |  | 424,506 |  | 237,486
Total assets less current liabilities |  |  | 435,719 |  | 237,489
Provisions for liabilities |  |  |  |  |
Other provisions | 11 |  | (435,717) |  | (237,387)
Net assets |  |  | 2 |  | 102
Represented by: |  |  |  |  |
Loans and other debts due to members within one year |  |  |  |  |
Members' other interests |  |  |  |  |
Members' capital classified as equity |  |  | 2 |  | 102
Total members' interests |  |  |  |  |
Amounts due from members (included in debtors) | 8 |  | (4,221,818) |  | (4,035,317)
Members' other interests |  |  | 2 |  | 102
|  |  | (4,221,816) |  | (4,035,215)
Page 1
OPTIONS ENERGY SUPPORT LLP REGISTERED NUMBER: OC396547 BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2025 The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small LLPs regime. The financial statements have been delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The entity has opted not to file the statement of comprehensive income in accordance with the provisions applicable to entities subject to the small LLPs regime. The financial statements were approved and authorised for issue by the members and were signed on their behalf on 22 July 2026.
S G Wignall
Designated member
The notes on pages 4 to 12 form part of these financial statements. Page 2
OPTIONS ENERGY SUPPORT LLP RECONCILIATION OF MEMBERS' INTERESTS FOR THE YEAR ENDED 31 MARCH 2025
| EQUITY Members' other interests | DEBT Loans and other debts due to members less any amounts due from members in debtors | Total members' interests
| Members' capital (classified as equity) | Other amounts | Total
| £ | £ | £
Amounts due to members |  | - |
Amounts due from members |  | (4,559,396) |
Balance at 1 January 2023 | 102 | (4,559,396) | (4,559,294)
Members' interests after profit for the year | 102 | (4,559,396) | (4,559,294)
Other division of profits | - | 1,583,193 | 1,583,193
Drawings on account and distribution of profit | - | (1,583,193) | (1,583,193)
Repayment of debt | - | 524,079 | 524,079
Amounts due to members |  | - |
Amounts due from members |  | (4,035,317) |
Balance at 31 March 2024 | 102 | (4,035,317) | (4,035,215)
Members' interests after profit for the year | 102 | (4,035,317) | (4,035,215)
Other division of losses | - | (131,107) | (131,107)
Repayment of capital | (100) | - | (100)
Drawings on account and distribution of profit | - | 131,107 | 131,107
Repayment of debt | - | (186,501) | (186,501)
Amounts due to members |  | - |
Amounts due from members |  | (4,221,818) |
Balance at 31 March 2025 | 2 | (4,221,818) | (4,221,816)
There are no existing restrictions or limitations which impact the ability of the members of the LLP to reduce the amount of Members' other interests.
Page 3
OPTIONS ENERGY SUPPORT LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. | General information
Options Energy Support LLP ("the LLP") is a limited liability partnership incorporated in England and Wales. The address of the registered office is Harlow Enterprise Hub, Ff05 Kao Hockham Building, Edinburgh Way, Harlow, Essex, CM20 2NQ. The principal activity of the LLP is that of the provision of management services to connected companies. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements and the Companies Act 2006 and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liabilities Partnerships'. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the LLP's accounting policies (see note 3). The following principal accounting policies have been applied:
| 2.2 | Going concern
The LLP and connected Group rely on an invoice financing arrangement. The members have no reason to believe that the facilities will not be available for at least the next twelve months. The members are confident that they could source alternative finance should this be necessary. Provision has been made for all known claims against the LLP and connected Group, in accordance with the policies set out in the notes to the financial statements. The LLP continues to monitor matters and work closely with its insurers to minimise any impact on the LLP. The timing and amount of such claims are in many instances uncertain. However, the members are of the opinion that all future liabilities can be met, based upon current estimates. Based upon the above, the members consider the going concern basis remains appropriate for the preparation of the financial statements.
| 2.3 | Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the LLP and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable. The following criteria must also be met before revenue is recognised: Rendering of services The LLP recognises revenue when invoices are raised to, or when consideration is measured as receivable from fellow group companies for the provision of management services. Invoices may be raised in the same period in which the service took place, or subsequently when the value of services can be reliably measured. Page 4
OPTIONS ENERGY SUPPORT LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.4 | Foreign currency translation
Functional and presentation currency The LLP's functional and presentational currency is GBP. Transactions and balances Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions. At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined. Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges. Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.
| 2.5 | Operating leases: the LLP as lessee
Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term. Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.
| 2.6 | Leased assets: the LLP as lessee
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase 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 creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to profit or loss so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
| 2.7 | Finance costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument. Page 5
OPTIONS ENERGY SUPPORT LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.8 | Borrowing costs
All borrowing costs are recognised in the Statement of comprehensive income in the year in which they are incurred.
| 2.9 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following annual bases:
|  |  |  | Plant and machinery | - | 25% straight line
|  |  |  | Motor vehicles | - | 25% straight line
|  |  |  | Fixtures and fittings | - | 25% straight line
|  |  |  | Office equipment | - | 25% straight line
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
| 2.10 | Valuation of investments
Investments represent unlisted company shares, whose market value cannot be reliably determined. Such investments are stated at historic cost less impairment.
| 2.11 | Stocks
Stocks are stated at cost. At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its estimated recoverable amount. The impairment loss is recognised immediately in the Statement of comprehensive income.
| 2.12 | Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
| 2.13 | Cash
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Page 6
OPTIONS ENERGY SUPPORT LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.14 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
| 2.15 | Provisions for liabilities
Provisions are made where an event has taken place that gives the LLP a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation. Provisions are charged as an expense to the Statement of comprehensive income in the year that the LLP becomes aware of the obligation, and are measured at the best estimate at the Balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties. When payments are eventually made, they are charged to the provision carried in the Balance sheet, with any over or under provision taken to the Statement of comprehensive income.
| 2.16 | Financial instruments
The LLP only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares. Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cashflows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at an undiscounted amount of the cash or other consideration expected to be paid or received.
| 2.17 | Members' remuneration
The profits are allocated to the members in accordance with the LLP agreement. Fixed profit shares and automatic allocations of profits are treated as Members' remuneration charged as an expense within the Statement of comprehensive income. Page 7
OPTIONS ENERGY SUPPORT LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
3. | Judgments in applying accounting policies and key sources of estimation uncertainty
a) Critical judgements in applying the LLP's accounting policies No significant judgements have had to be made by management in preparing these financial statements. b) Key accounting estimates and assumptions The key sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are: i) Provisions As is common with the LLP's industry, provision is made for claims for accidental damages experienced at the various sites in the course of servicing the client contracts for the current and prior periods. Whilst the specific amount and timing of settlement of each claim is uncertain at the reporting date, that provided is based upon the LLP's experience of such claims. Further, provision is made for other claims currently with their insurers, that in the opinion of the members will likely result in an expense to the LLP. The idiosyncratic nature of such claims means the amount and timing of payments are uncertain. Amounts provided are determined taking consideration of insurer's assessments, the nature of the claims and historical experience. ii) Useful economic life of tangible fixed assets The annual depreciation charge for tangible fixed assets is sensitive to changes in the estimated useful economic lives and residual values of the assets.
4. | Information in relation to members
|  | 2025 | 2024
|  | No. | No.
| Average number of members during the year | 2 | 3
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OPTIONS ENERGY SUPPORT LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
5. | Tangible fixed assets
|  | Plant and machinery | Motor vehicles | Fixtures and fittings | Office equipment | Total
|  | £ | £ | £ | £ | £
| Cost or valuation |  |  |  |  |
| At 1 April 2024 | 122,813 | 150,754 | 22,852 | - | 296,419
| Additions | - | - | - | 11,700 | 11,700
| At 31 March 2025 | 122,813 | 150,754 | 22,852 | 11,700 | 308,119
| Depreciation |  |  |  |  |
| At 1 April 2024 | 122,813 | 150,752 | 22,852 | - | 296,417
| Charge for the year on owned assets | - | - | - | 487 | 487
| Charge for the year on financed assets | - | 2 | - | - | 2
| At 31 March 2025 | 122,813 | 150,754 | 22,852 | 487 | 296,906
| Net book value |  |  |  |  |
| At 31 March 2025 | - | - | - | 11,213 | 11,213
| At 31 March 2024 | - | 2 | - | - | 2
| The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Motor vehicles | - | 2
Page 9
OPTIONS ENERGY SUPPORT LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
6. | Fixed asset investments
|  | Investments in associates
|  | £
| At 1 April 2024 | 1
| Disposals | (1)
| At 31 March 2025 | -
7. | Stocks
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Finished goods and goods for resale | 13,133 | 2,217
| Stock recognised in cost of sales during the year as an expense was £68,097 (2024 - £185,615). The difference between purchase price and their replacement cost is not material.
8. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Prepayments and accrued income | 433,923 | 493,450
| Amounts due from members | 4,221,818 | 4,035,317
|  | 4,655,741 | 4,528,767
9. | Cash and cash equivalents
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 13,567 | 6,143
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OPTIONS ENERGY SUPPORT LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
10. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | 1,259,120 | 2,821,966
| Amounts owed to connected entities | 2,087,718 | 1,037,350
| Other taxation and social security | 600,982 | 357,123
| Other creditors | 9,339 | -
| Accruals and deferred income | 300,776 | 83,202
|  | 4,257,935 | 4,299,641
11. | Provisions
|  | Other provisions
|  | £
| At 1 April 2024 | 237,387
| Charged to profit or loss | 271,774
| Utilised in year | (73,444)
| At 31 March 2025 | 435,717
| As is common with the LLP's industry, provision is made for claims for accidental damages experienced at the various sites in the course of servicing the client contracts for the current and prior periods. Although the specific amount and timing of settlement of each claim is uncertain at the reporting date, that provided is based upon the LLP's experience of such claims. Further, provision is made for the other claims currently with their insurers, that in the opinion of the members will likely result in an expense to the LLP. The idiosyncratic nature of such claims means the amount and timing of payments are uncertain. Amounts provided are determined taking consideration of insurer's assessments, the nature of the claims and historical experience. Whilst the timing of payment for the above cannot in all instances be readily ascertained, most are expected to be settled within two years of the balance sheet date.
12. | Contingent liabilities
The LLP is part of a group VAT registration, together with Options Energy Group Limited, Options Energy Services Limited, Options Electricity Services Limited, Options Water Services Limited and Options Telecom Services Limited, and as such is jointly and severally liable for the VAT liabilities of the other members of the VAT group. At the balance sheet date, the total contingent liability is £996,569 (2024 - £762,730). Page 11
OPTIONS ENERGY SUPPORT LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
13. | Commitments under operating leases
| At 31 March 2025 the LLP had future minimum lease payments due under non-cancellable operating leases for each of the following periods:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Not later than 1 year | 151,350 | 83,742
| Later than 1 year and not later than 5 years | 280,110 | 257,548
|  | 431,460 | 341,290
14. | Related party transactions
| During the period the related parties made the following transactions with, and the following balances were due from/(to), Options Energy Support LLP:
|  | 2025 | 2024
|  | £ | £
| Sales to connected companies | 16,000,000 | 18,135,000
| Purchases from connected companies | 1,763,275 | 1,811,691
| Rent paid to companies under common control | - | 3,103
| Amounts due (to)/from connected companies | (2,257,984) | (2,515,054)
| Amounts owed from members | 4,221,818 | 4,035,317
| During the year the LLP paid rent on properties jointly owned by the members of £Nil (2024 - £134,087).
15. | Controlling party
S G Wignall and J P Flannery are considered to be the ultimate controlling parties of the LLP.
16. | Auditor's information
The auditor's report on the financial statements for the year ended 31 March 2025 was unqualified. The audit report was signed on 22 July 2026 by Graham Wallace (Senior statutory auditor) on behalf of Barnes Roffe Audit Limited.
Page 12