ACCOUNTS - Final Accounts preparation

Commitments under operating leases

At 31 December 2025 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

Company Registration Number 13485297

	E ENERGIES LTD

	FINANCIAL STATEMENTS

	31 DECEMBER 2025

E ENERGIES LTD

REGISTERED NUMBER: 13485297

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2025

		2025		2024
Note		£		£

Fixed assets
Tangible fixed assets			603,607		37,889
			603,607		37,889
Current assets
Debtors: amounts falling due within one year	5	402,768		57,419
Cash at bank and in hand	6	189,210		394
		591,978		57,813
Creditors: amounts falling due within one year	7	(131,154)		(591,287)
Net current assets/(liabilities)			460,824		(533,474)
Total assets less current liabilities			1,064,431		(495,585)
Creditors: amounts falling due after more than one year	8		(3,295,912)		-

Net liabilities			(2,231,481)		(495,585)

Capital and reserves
Called up share capital	100	100
Profit and loss account	(2,231,581)	(495,685)
	(2,231,481)	(495,585)

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

A C Lawrence

Director

Date: 16 September 2026

The notes on pages 3 to 8 form part of these financial statements.

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E ENERGIES LTD

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 DECEMBER 2025

	Called up share capital	Profit and loss account	Total equity
	£	£	£
At 1 January 2024	100	(344,681)	(344,581)
Comprehensive income for the year
Loss for the year	-	(151,004)	(151,004)

At 1 January 2025	100	(495,685)	(495,585)
Comprehensive income for the year
Loss for the year	-	(1,735,896)	(1,735,896)
At 31 December 2025	100	(2,231,581)	(2,231,481)

The notes on pages 3 to 8 form part of these financial statements.

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E ENERGIES LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1.	General information

The company is a private company limited by shares incorporated and domiciled in the United Kingdom. Its registered office is Magnavale House, Park Road, Holmewood Industrial Park, Chesterfield, Derbyshire, S42 5UY.

These financial statements have been presented in Pound Sterling ('£') as this is the currency of the primary economic environment in which the company operates and have been rounded to the nearest pound.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

2.2

Going concern

The directors have considered the future activities of the company and have determined that the company is likely to continue as a going concern.

In making this assessment the directors have taken into account the financial support that has been indicated by the company's ultimate parent company, Sadel Group S.à r.l.. Sadel Group S.à r.l. has indicated that it is its present intention to provide such financial support that the company may require for at least twelve months from the date of approval of these financial statements. The directors have assessed the possible cash flows and realisation of assets of the company for at least 12 months after the date of signing of the financial statements and have determined that Sadel Group S.à r.l. will have sufficient resources to provide the necessary financial support.

Therefore, the directors have concluded that it is appropriate to prepare the financial statements on a going concern basis.

2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover represents the amounts due from customers less any amounts received in advance, which are included within creditors until they are recognised in line with the agreement.

2.4

Operating leases: the Company 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.

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E ENERGIES LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.5

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.

2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

2.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

2.8

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 not charged on assets under construction until the assets are completed and brought into use. 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 basis:

Property Improvements

Straight line over 20 years

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.

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E ENERGIES LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.9

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.

2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not 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.

2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans and loans from the parent company, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Employees

The Company has no employees other than the directors, who did not receive any remuneration (2024 - £NIL).

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E ENERGIES LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

4.	Tangible fixed assets

	Freehold property	Assets under construction	Total
	£	£	£
Cost or valuation
At 1 January 2025	22,500	18,764	41,264
Additions	-	566,843	566,843
Transfers between classes	(22,500)	18,000	(4,500)
At 31 December 2025	-	603,607	603,607
Depreciation
At 1 January 2025	3,375	-	3,375
Charge for the year on owned assets	1,125	-	1,125
Transfers between classes	(4,500)	-	(4,500)
At 31 December 2025	-	-	-
Net book value
At 31 December 2025	-	603,607	603,607
At 31 December 2024	19,125	18,764	37,889

Debtors

					2025	2024
					£	£


Amounts owed by companies under common control	57,750	9,000
Other debtors	302,279	6,490
Prepayments and accrued income	42,739	41,929
	402,768	57,419

6.	Cash and cash equivalents
		2025	2024
		£	£

Cash at bank and in hand	189,210	394
	189,210	394

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E ENERGIES LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

7.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Other loans	-	183,962
Trade creditors	18,282	-
Amounts owed to companies under common control	-	372,000
Accruals and deferred income	112,872	35,325
	131,154	591,287

8.	Creditors: Amounts falling due after more than one year
		2025	2024
		£	£

Other loans	3,295,912	-
	3,295,912	-

The other loans are unsecured.

Not later than 1 year	90,000	180,000
Later than 1 year and not later than 5 years	-	90,000
	90,000	270,000

Following the year end, the break clause within the lease agreement was not executed, therefore the company has committed to a further cost of £180,000 per year for the next 25 years.

10.	Controlling party

The immediate parent undertaking is Sadel Group S.à r.l., a company incorporated in Luxembourg.

The ultimate controlling party by virtue of his 100% shareholding in Sadel Group S.à r.l. is S A Lawrence.

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E ENERGIES LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

11.	Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2025 was unqualified.

The audit report was signed on 17 September 2026 by Steven Williams (Senior statutory auditor) on behalf of Armstrong Watson Audit Limited.

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