Emerging Markets Power (Holdings) Limited iXBRL

Company Registration Number: NI639584

Emerging Markets Power (Holdings) Limited

Unaudited Financial Statements

for the financial year ended 31 December 2025

Emerging Markets Power (Holdings) Limited

Directors and Other Information


Directors	Mr Sean mac Cann
	Mr Diarmuid Anthony Twomey
	Inigo Sabater Eizaguirre
	Mr. Marc Patrick McLoughlin
	Preben Holth Skatvedt


Company Secretary	Mr. Sean MacCann


Company Registration Number	NI639584


Registered Office	Murray House
	Murray Street
	Belfast
	BT1 6DN
	Northern Ireland


Accountants	HCA Chartered Accountants Ltd
	12 Cromac Place
	Belfast
	Co. Antrim
	BT7 2JB
	Northern Ireland


Bankers	Allied Irish Banks
	3rd Floor
	1 Adelaide Road
	Dublin 2


Solicitors	Carson McDowell
	Murray House
	Murray Street
	Belfast

Emerging Markets Power (Holdings) Limited

Company Registration Number: NI639584

Balance Sheet

as at 31 December 2025

		2025	2024
	Notes	$	$

Fixed Assets

Investments

376

376

─────────

Current Assets

Debtors

995

9,038

Cash and cash equivalents

22,331

13,531

─────────

23,326

22,569

─────────

Creditors: amounts falling due within one year

(9,866)

(5,990)

─────────

Net Current Assets

13,460

16,579

─────────

Total Assets less Current Liabilities

13,836

16,955

Provisions for liabilities

(38)

─────────

Net Assets

13,836

16,917

═════════

Capital and Reserves

Called up share capital

1,000

1,000

Other reserves

(1,309,452)

(1,309,452)

Retained earnings

1,322,288

1,325,369

─────────

Equity attributable to owners of the company

13,836

16,917

═════════

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 (Holdings) Limited

Notes to the Financial Statements

for the financial year ended 31 December 2025

General Information

Emerging Markets Power (Holdings) Limited is a private company limited by shares incorporated in Northern Ireland. Murray House, Murray Street, Belfast, BT1 6DN, Northern Ireland is the registered office. The principal place of business of the company is in Ireland where the principal activity of the company - the production of electricity - is carried out. 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.

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.

Provisions

Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.

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 currently operate any pension schemes.

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.

Employees

The average monthly number of employees, including directors, during the financial year was 5, (2024 - 5).

2025

2024

Number

Number

Directors

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4.	Investments
		Group and	Total
		participating
		interests/
		joint ventures
	Investments	$	$
	Cost

	At 31 December 2025	376	376
		─────────	─────────
	Net book value
	At 31 December 2025	376	376
		═════════	═════════
	At 31 December 2024	376	376
		═════════	═════════


5.	Debtors	2025	2024
		$	$

	Project costs	-	3,345
	Taxation (Note 7)	-	4,698
	Called up share capital not paid	995	995
		─────────	─────────
		995	9,038
		═════════	═════════


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

	Trade creditors	9,866	-
	Accruals	-	5,990
		─────────	─────────
		9,866	5,990
		═════════	═════════


7.	Taxation	2025	2024
		$	$

	Debtors:
	VAT	-	4,698
		═════════	═════════


8.	Provisions for liabilities

	The amounts provided for deferred taxation are analysed below:

		Capital	Total	Total
		allowances

			2025	2024
		$	$	$

	At financial year start	38	38	38
	Charged to profit and loss	(38)	(38)	-
		─────────	─────────	─────────
	At financial year end	-	-	38
		═════════	═════════	═════════

Capital commitments

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

10.

Parent company

The company regards Emerging Markets Power (NI) Limited as its parent company.

11.

Controlling interest

By virtue of the shareholding there is no ultimate controlling party.

12.

Post-Balance Sheet Events

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