REGISTERED NUMBER: SC734076 (Scotland)

Financial Statements for the Year Ended 31 December 2025

for

White Cross Offshore Windfarm Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J A Fernandez Garcia

C Ramiro Visser

B Rossi

F J Daza Pichardo

B Macleod

M Kimura

REGISTERED OFFICE:

C/O Flotation Energy Limited

Hobart House

80 Hanover Street

Edinburgh

EH2 1EL

REGISTERED NUMBER:

SC734076 (Scotland)

AUDITORS:

Duncan & Toplis Audit Limited

Statutory Auditor

Park House

37 Clarence Street

Leicester

Leicestershire

LE1 3RW

FIXED ASSETS

Tangible assets

4

221,268

-

CURRENT ASSETS

Debtors

5

8,322

1,000

CREDITORS

Amounts falling due within one year

6

(257,679

)

-

NET CURRENT (LIABILITIES)/ASSETS

(249,357

)

1,000

TOTAL ASSETS LESS CURRENT LIABILITIES

(28,089

)

1,000

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

(29,089

)

-

(28,089

)

1,000

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 11 October 2026 and were signed on its behalf by:

J A Fernandez Garcia - Director

1.	STATUTORY INFORMATION

White Cross Offshore Windfarm Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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. The financial statements have been prepared under the historical cost convention.

Going concern

The company incurred a net loss of £29,089 in the year ended 31 December 2025 and has net current liabilities of £249,357.

The parent company Vinci S.A. confirmed in a letter to the Company dated 30 September 2026 that they will continue to financially support the Company for a period of not less than 18 months from the date of the letter and to ensure the Company continues to operate as a going concern.

Therefore, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future and so continues to adopt the going concern basis of accounting in preparing the financial statements.

Tangible fixed assets

Depreciation is provided in order to write off each asset over its estimated useful life once the asset is in use.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - NIL ) .

4.	TANGIBLE FIXED ASSETS

Assets in

the

course of

construction

£

COST

Additions

221,268

At 31 December 2025

221,268

NET BOOK VALUE

At 31 December 2025

221,268

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

VAT

7,322

-

Called up share capital not paid

1,000

1,000

8,322

1,000

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Other creditors

247,879

-

Accruals and deferred income

9,800

-

257,679

-

Other creditors includes accruals and deferred income of £9,800 (2024 - £nil).

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mark Andrew Torr FCCA (Senior Statutory Auditor)

for and on behalf of Duncan & Toplis Audit Limited

8.	RELATED PARTY DISCLOSURES

At the year end, the company owed £247,879 to companies with common directors.

9.	ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of White Cross Offshore Wind Holdco Ltd, of which the ultimate parent is Vinci S.A.

The parent undertaking of the smallest and largest group for which consolidated accounts are prepared is Vinci A.A. Consolidated accounts are available from Vinci S.A, 1973 Avenue De Ka Defense, 92000 Nanterre, France.