Silverfin false false 30/09/2025 01/10/2024 30/09/2025 S Hooper-Kay 05/10/2022 S W Moore 23/04/2021 Thames Street Services Limited 23/04/2021 19 August 2026 The principal activity of the company in the period under review was that of the development, construction and production of electricity from solar photovoltaic panels. 13354580 2025-09-30 13354580 bus:Director1 2025-09-30 13354580 bus:Director2 2025-09-30 13354580 bus:Director3 2025-09-30 13354580 2024-09-30 13354580 core:CurrentFinancialInstruments 2025-09-30 13354580 core:CurrentFinancialInstruments 2024-09-30 13354580 core:ShareCapital 2025-09-30 13354580 core:ShareCapital 2024-09-30 13354580 core:RetainedEarningsAccumulatedLosses 2025-09-30 13354580 core:RetainedEarningsAccumulatedLosses 2024-09-30 13354580 core:OtherPropertyPlantEquipment 2024-09-30 13354580 core:OtherPropertyPlantEquipment 2025-09-30 13354580 2023-04-30 13354580 bus:OrdinaryShareClass1 2025-09-30 13354580 2024-10-01 2025-09-30 13354580 bus:FilletedAccounts 2024-10-01 2025-09-30 13354580 bus:SmallEntities 2024-10-01 2025-09-30 13354580 bus:AuditExempt-NoAccountantsReport 2024-10-01 2025-09-30 13354580 bus:PrivateLimitedCompanyLtd 2024-10-01 2025-09-30 13354580 bus:Director1 2024-10-01 2025-09-30 13354580 bus:Director2 2024-10-01 2025-09-30 13354580 bus:Director3 2024-10-01 2025-09-30 13354580 core:OtherPropertyPlantEquipment core:TopRangeValue 2024-10-01 2025-09-30 13354580 2023-05-01 2024-09-30 13354580 core:OtherPropertyPlantEquipment 2024-10-01 2025-09-30 13354580 bus:OrdinaryShareClass1 2024-10-01 2025-09-30 13354580 bus:OrdinaryShareClass1 2023-05-01 2024-09-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 13354580 (England and Wales)

# LUMLEY SOLAR LIMITED

### UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2025
PAGES FOR FILING WITH THE REGISTRAR

LUMLEY SOLAR LIMITED

## UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2025

Contents

LUMLEY SOLAR LIMITED

## BALANCE SHEET

AS AT 30 SEPTEMBER 2025
LUMLEY SOLAR LIMITED

## BALANCE SHEET (continued)

AS AT 30 SEPTEMBER 2025

| Note | 30.09.2025 |  | 30.09.2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 1,111,543 |  | 1,146,134
|  | 1,111,543 |  | 1,146,134
Current assets |  |  |  |
Debtors | 4 | 65,048 |  | 75,863
Cash at bank and in hand |  | 91,131 |  | 36,956
|  | 156,179 |  | 112,819
Creditors: amounts falling due within one year | 5 | ( 1,231,403) |  | ( 1,151,222)
Net current liabilities |  | (1,075,224) |  | (1,038,403)
Total assets less current liabilities |  | 36,319 |  | 107,731
Net assets |  | 36,319 |  | 107,731
Capital and reserves |  |  |  |
Called-up share capital | 7 | 234,603 |  | 234,603
Profit and loss account |  | ( 198,284 ) |  | ( 126,872 )
Total shareholder's funds |  | 36,319 |  | 107,731

For the financial year ending 30 September 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Lumley Solar Limited (registered number: 13354580) were approved and authorised for issue by the Board of Directors on 19 August 2026. They were signed on its behalf by:

Thames Street Services Limited Director |

LUMLEY SOLAR LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2025
LUMLEY SOLAR LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

##### General information and basis of accounting

Lumley Solar Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 10 Lower Thames Street, London, EC3R 6AF, United Kingdom.
The financial statements have been prepared under the historical cost convention and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors note that the business has net current liabilities of £1,075,224. The Company is supported through loans from the Parent Company. The directors have received assurances that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the Parent Company will continue to support the Company. After making enquiries, the directors believe that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### Reporting period length

These financial statements cover the period 01/10/2024 to 30/09/2025. The previous financial statements covered the 17 month period 01/05/2023 to 30/09/2024, therefore the comparatives are not entirely comparable.

##### Turnover

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.
The lease for the solar farm is treated as an operating lease. The total rental income is based on the level of energy generation. Due to the many external factors that can impact energy generation it is not possible to accurately predict the level of income in future years. As a result this rental income is recognised in the period to which the income relates.

##### Finance costs

Finance costs are charged to the Profit and Loss Account over the term of the debt using the effective interest method so 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.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

##### Tangible fixed assets

Tangible fixed assets are stated at cost net of depreciation and any provision for impairment. Depreciation commences on the date that the asset is brought into use. 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.

Plant and machinery etc. | 30 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Cash and cash equivalents

Cash is represented by deposits with financial intuitions repayable without penalty on notice of more than 24 hours, Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors and loans from fellow group companies, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

##### Provisions

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
Increases in provisions are generally charged as an expense to the profit or loss.

#### 2. Employees

| Year ended 30.09.2025 |  | Period from 01.05.2023 to 30.09.2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 0 |  | 0

#### 3. Tangible assets

| Plant and machinery etc. |  | Total
| £ |  | £
Cost |  |  |
At 01 October 2024 | 1,242,155 |  | 1,242,155
Additions | 15,447 |  | 15,447
At 30 September 2025 | 1,257,602 |  | 1,257,602
Accumulated depreciation |  |  |
At 01 October 2024 | 96,021 |  | 96,021
Charge for the financial year | 50,038 |  | 50,038
At 30 September 2025 | 146,059 |  | 146,059
Net book value |  |  |
At 30 September 2025 | 1,111,543 |  | 1,111,543
At 30 September 2024 | 1,146,134 |  | 1,146,134

The assets of the company are subject to a fixed and floating charge in relation to connected party loan facilities.

#### 4. Debtors

| 30.09.2025 |  | 30.09.2024
| £ |  | £
Trade debtors | 12,796 |  | 28,845
Prepayments and accrued income | 24,610 |  | 19,172
Deferred tax asset | 12,005 |  | 14,974
VAT recoverable | 323 |  | 0
Other debtors | 15,314 |  | 12,872
| 65,048 |  | 75,863

#### 5. Creditors: amounts falling due within one year

| 30.09.2025 |  | 30.09.2024
| £ |  | £
Trade creditors | 2,950 |  | 9,138
Amounts owed to Group undertakings | 1,211,888 |  | 1,134,185
Accruals | 1,576 |  | 5,811
Other taxation and social security | 14,989 |  | 2,088
| 1,231,403 |  | 1,151,222

#### 6. Deferred tax

| 30.09.2025 |  | 30.09.2024
| £ |  | £
At the beginning of financial year/period | 14,974 |  | 10,115
(Charged)/credited to the Profit and Loss Account | ( 2,969) |  | 4,859
At the end of financial year/period | 12,005 |  | 14,974

#### 7. Called-up share capital

| 30.09.2025 |  | 30.09.2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
234,603 Ordinary shares of £ 1.00 each | 234,603 |  | 234,603

#### 8. Related party transactions

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.

#### 9. Ultimate controlling party

The immediate parent company is Grande Lago Holdco Limited, a company incorporated in England and Wales.
The Company's immediate parent and controlling entity is Bagnall Energy Limited, a company incorporated in England and Wales. The financial statements of Bagnall Energy Limited can be obtained from that company's registered office: 10 Lower Thames Street, London, England, EC3R 6AF.