Emerging Markets Power (NI) Limited iXBRL

Company Registration Number: NI638415

Emerging Markets Power (NI) Limited

Unaudited Financial Statements

for the financial year ended 31 December 2025

Emerging Markets Power (NI) Limited

Company Registration Number: NI638415

Balance Sheet

as at 31 December 2025

		2025	2024
	Notes	$	$

Fixed Assets

Investments

501

501

─────────

Current Assets

Debtors

239

239

Cash and cash equivalents

23,126

19,331

─────────

23,365

19,570

─────────

Creditors: amounts falling due within one year

(5,176)

(18,374)

─────────

Net Current Assets

18,189

1,196

─────────

Total Assets less Current Liabilities

18,690

1,697

═════════

Capital and Reserves

Called up share capital

305

305

Retained earnings

18,385

1,392

─────────

Equity attributable to owners of the company

18,690

1,697

═════════

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).

The company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account and Directors' Report.

For the financial year ended 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Approved by the Board and authorised for issue on 1 September 2026 and signed on its behalf by



________________________________
Mr. Diarmuid Anthony Twomey
Director

Emerging Markets Power (NI) Limited

Notes to the Financial Statements

for the financial year ended 31 December 2025

General Information

Emerging Markets Power (NI) Limited is a company limited by shares incorporated in Northern Ireland. Murray House, Murray Street, Belfast, BT1 6DN, Northern Ireland is the registered office and the principal place of business. The principal activity of the company is that of a holding company. The financial statements have been presented in US Dollar ($) which is also the functional currency of the company.

Summary of Significant Accounting Policies

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.

Statement of compliance

The financial statements of the company for the year ended 31 December 2025 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.

Consolidated accounts

The company is entitled to the exemption in Section 399 of the Companies Act 2006 from the obligation to prepare group accounts.

Exemption from consolidation

The company is exempt from preparing consolidated financial statements as the group of which it is a member is a small group as defined under the Companies Act 2006.

Investments

Investments held as fixed assets are stated at cost less provision for any permanent diminution in value. Income from other investments together with any related tax credit is recognised in the Profit and Loss Account in the year in which it is receivable.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Employee benefits

The company does not operate a pension scheme as, other than its directors, it has no employees.

Taxation and deferred taxation

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements.

Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.

Ordinary share capital

The ordinary share capital of the company is presented as equity.

Exceptional item

Exceptional items are those that the directors' view are required to be separately disclosed by virtue of their size or incidence to enable a full understanding of the company's financial performance.

Employees

The average monthly number of employees, including directors, during the financial year was 3, (2024 - 3).

2025

2024

Number

Number

Directors

═════════

Investments

Group and

Other

participating

investments

interests/

joint ventures

Investments

Cost

At 31 December 2025

500

─────────

Net book value

At 31 December 2025

500

═════════

At 31 December 2024

500

═════════

Shares in subsidiary company

4.1.

Holdings in related undertakings

The company holds 20% or more of the share capital of the following company:

Country

Nature

Details

Proportion

held by

Name

incorporation and address of Registered Office

business

investment

company

Subsidiary undertaking

Emerging Markets Power (Holdings) Limited

Murray House, Murray Street, Belfast, Antrim, United Kingdom, BT1 6DN

Intermediate holding company

$1 Ordinary shares

50%

The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:

Year ended

Capital and

Profit for

reserves

the year

Emerging Markets Power (Holdings) Limited

13,835

195,191

═════════

In the opinion of the directors, the value to the company of the unlisted investments is not less than the book amount shown above.


5.	Debtors	2025	2024
		$	$

	Called up share capital not paid	239	239
		═════════	═════════


6.	Creditors	2025	2024
	Amounts falling due within one year	$	$

	Taxation (Note 7)	-	5,512
	Other Creditors	5,176	8,542
	Accruals	-	4,320
		─────────	─────────
		5,176	18,374
		═════════	═════════


7.	Taxation	2025	2024
		$	$

	Creditors:
	Corporation tax	-	5,512
		═════════	═════════

Capital commitments

The company had no material capital commitments at the financial year ended 31 December 2025.

Related party transactions

The company has availed of the exemption under FRS 102 Section 1A in relation to the disclosure of transactions with group undertakings.

10.

Post-Balance Sheet Events

There have been no significant events affecting the company since the financial year-end.


11.	Share capital

	Share capital comprises:

		2025	2024
		$	$

	Ordinary £0.01 shares	305	305
		═════════	═════════