Regenerco Renewable Energy Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 07425626 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2025

for

Regenerco Renewable Energy Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R Armour

K W Yu

SECRETARY:

M J Garrett

REGISTERED OFFICE:

3 - 5 College Street

Nottingham

Nottinghamshire

NG1 5AQ

REGISTERED NUMBER:

07425626 (England and Wales)

FIXED ASSETS

Tangible assets

4

2,391,799

2,588,650

CURRENT ASSETS

Debtors

5

1,504,801

1,257,871

Cash at bank and in hand

416,801

399,017

1,921,602

1,656,888

CREDITORS

Amounts falling due within one year

6

1,397,032

1,351,387

NET CURRENT ASSETS

524,570

305,501

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,916,369

2,894,151

CREDITORS

Amounts falling due after more than one
year

7

3,323,267

3,415,485

NET LIABILITIES

(406,898

)

(521,334

)

CAPITAL AND RESERVES

Called up share capital

10

3,155

Share premium

115

Capital redemption reserve

1,577

Retained earnings

(411,745

)

(526,181

)

SHAREHOLDERS' FUNDS

(406,898

)

(521,334

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 September 2026 and were signed on its behalf by:

K W Yu - Director

1.	STATUTORY INFORMATION

Regenerco Renewable Energy Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

Regenerco Renewable Energy Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page. The company operates across a number of sites and does not have one singular place of business.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

Turnover

Turnover represents revenue from the generation and sale of electricity and Feed-in Tariff income earned during the period, net of Value Added Tax.

Revenue is recognised when control of the electricity generated is transferred to the customer, being the point at which the electricity is supplied to the grid and the performance obligation has been satisfied. Revenue is measured at the amount the Company expects to be entitled to in exchange for the transfer of electricity and is recognised as the related performance obligations are fulfilled. The transaction price is determined in accordance with the applicable agreements.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and equipment - 4% on cost

Monitoring and surveying equipment - 20% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Going concern

At the year end, the company has net liabilities of £408,590 (2024: £521,334). The company is expected to continue to trade profitably before depreciation and amortisation of the loan stock discount and the directors have reasonable expectation that the company has adequate resources to continue in operational existence for at least 12 months following the approval of these financial statements, as a result of the continued financial support of its loan stock holders. Therefore the financial statements have been prepared on the going concern basis.

Directors remuneration

The directors are remunerated below the market value for the work they complete.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

equipment

£

COST

At 1 January 2025

4,933,053

Additions

504

At 31 December 2025

4,933,557

DEPRECIATION

At 1 January 2025

2,344,403

Charge for year

197,355

At 31 December 2025

2,541,758

NET BOOK VALUE

At 31 December 2025

2,391,799

At 31 December 2024

2,588,650

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

10,815

2,732

Other debtors

1,351,108

1,065,072

VAT

3,172

4,076

Prepayments and accrued income

139,706

185,991

1,504,801

1,257,871

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade creditors

47,128

43,620

Social security and other taxes

391

345

Other creditors

-

2,500

Accrued interest and expenses

1,349,513

1,304,922

1,397,032

1,351,387

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

Loan stock

3,323,267

3,415,485

Loan stock has been issued by the company as follows:

Issue date

Principal

Issue price

January 2011

£476,000

£318,920

March 2011

£782,000

£523,940

September 2011

£1,522,000

£1,019,740

December 2011

£1,000,000

£670,000

March 2012

£1,000,000

£670,000

February 2015

£270,000

£5,050,000

£3,472,600

£4,780,000 loan stock has a 25 year term and is repayable in monthly instalments after the fifth anniversary of issue. The discount is being amortised over 25 years.

£270,000 loan stock is redeemable on 31 December 2037. The loan stock is secured through a fixed and floating charge on the assets of the company.

The cumulative amortisation at 31 December 2025 was £922,377 (2024: £835,105).

In the year £187,439 (2024: £171,024) of principal was paid by the company.

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

Within one year

20,000

Between one and five years

80,000

In more than five years

108,333

128,333

208,333

228,333

Residential properties rental are variable based on generation.

9.	SECURED DEBTS

The company has fixed and floating charges over all present and future assets and property, including goodwill, intellectual property, book debts, uncalled capital, buildings, fixtures, and fixed plant and machinery.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

157,746

Ordinary

1p

1,578

157,746

Ordinary A

1p

1,577

3,155

11.	RELATED PARTY DISCLOSURES

The loan stock of £5,050,000 referred to in note 7 was issued to certain shareholders of the company. Interest payable on the loan stock during the period amounted to £336,044 (2024: £388,579).

Loan interest of £1,305,805 (2024: £1,269,685) was accrued at the balance sheet date.

During the period, the company recognised subscription discounts of £95,222 (2024: £63,096).

12.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is R Armour by virtue of his shareholdings.