Reporting Period
The current period in these financial statements covers a period longer than 12 months. Due to the different period lengths presented in these accounts, the two periods are not directly comparable.
| 1. |
Accounting policies
Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors have considered a period of 12 months from the date of approval of these financial statements in preparing their going concern assessment. They have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Intangible assets
Intangible assets are initially measured at cost and subsequently measured at cost or valuation, net of amortisation and any impairment losses.
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
|
| 2. |
Average number of employees
The average monthly number of persons (including directors) employed by the company during the year was:
| Particulars |
|
2026
£ |
|
2024
£ |
| Total |
|
- |
|
- |
Average number of employees during the period was 0 (2024 : 0).
|
| 3. |
Intangible fixed assets
| Cost |
Other |
|
Total |
| |
£ |
|
£ |
| At 01 January 2025 |
48,123 |
|
48,123 |
| Additions |
78,425 |
|
78,425 |
| Disposals |
- |
|
- |
| At 31 March 2026 |
126,548 |
|
126,548 |
| Amortisation |
| At 01 January 2025 |
- |
|
- |
| Charge for period |
- |
|
- |
| On disposals |
- |
|
- |
| At 31 March 2026 |
- |
|
- |
| Net book values |
| At 31 March 2026 |
126,548 |
|
126,548 |
| At 31 December 2024 |
48,123 |
|
48,123 |
|
| 4. |
Debtors: amounts falling due within one year
|
2026
£ |
|
2024
£ |
| Other Debtors |
77,478 |
|
77,497 |
| VAT |
- |
|
820 |
|
77,478 |
|
78,317 |
|
| 5. |
Creditors: amount falling due within one year
|
2026
£ |
|
2024
£ |
| Trade Creditors |
27,000 |
|
- |
| Amounts Owed to Group Undertakings |
178,561 |
|
82,317 |
| Corporation Tax |
159 |
|
- |
| Accrued Expenses |
1,500 |
|
52,273 |
| VAT |
1,629 |
|
- |
|
208,849 |
|
134,590 |
|
| 6. |
Share Capital
Authorised
10,000 Ordinary shares of £0.01 each
Allotted, called up and fully paid
|
2026
£ |
|
2024
£ |
|
10,000
Ordinary shares of £0.01 each |
100 |
|
100 |
|
100 |
|
100 |
|
| 7. |
Controlling Parties
Until 22nd July 2025, the company's parent was Innova Renewables NG Holdings Limited, by virtue of their majority shareholding in the company. On 22nd July 2025, Innova Renewables NG Holdings Limited sold their entire shareholding in the company to WSG Holdco Limited, who has controlled the company since that date by virtue of their shareholding.
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3
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