ACCOUNTS - Final Accounts

Company registration number: 07677943

	FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 MARCH 2026

	S.E. SOLAR (1) LIMITED


S.E. SOLAR (1) LIMITED

COMPANY INFORMATION

Director	Mr N. Street


Registered number	07677943


Registered office	Magna House
	18-32 London Rd
	Staines-upon-Thames
	TW18 4BP


Independent auditor	Menzies LLP
	Chartered Accountants & Statutory Auditor
	Magna House
	18-32 London Road
	Staines-Upon-Thames
	TW18 4BP


S.E. SOLAR (1) LIMITED

CONTENTS

	Page
Statement of Financial Position	1 - 2
Notes to the Financial Statements	3 - 6


S.E. SOLAR (1) LIMITED REGISTERED NUMBER:07677943

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2026

		2026		2025
Note		£		£

Fixed assets
Tangible assets	4		1,694,105		1,846,293
			1,694,105		1,846,293
Current assets
Debtors: amounts falling due within one year	5	937,752		950,727
Cash at bank and in hand		625,710		561,498
		1,563,462		1,512,225
Creditors: amounts falling due within one year	6	(436,762)		(408,848)
Net current assets			1,126,700		1,103,377
Total assets less current liabilities			2,820,805		2,949,670
Creditors: amounts falling due after more than one year	7		(1,080,702)		(1,403,906)
Provisions for liabilities
Deferred tax		(234,892)		(239,879)
			(234,892)		(239,879)
Net assets			1,505,211		1,305,885

Capital and reserves
Called up share capital	1,250,000	1,250,000
Profit and loss account	255,211	55,885
	1,505,211	1,305,885

Page 1


S.E. SOLAR (1) LIMITED REGISTERED NUMBER:07677943

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 MARCH 2026

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 income and retained earnings 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

................................................

Mr N. Street

Director

Date: 14 October 2026

The notes on pages 3 to 6 form part of these financial statements.

Page 2


S.E. SOLAR (1) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

1.	General information

S.E. Solar (1) Limited is a private company limited by shares, incorporated and domiciled in England & Wales. The company's principal place of business is Anesco, The Green, Easter Park, Benyon Road, Reading, Berkshire, RG7 2PQ.

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and 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.

2.2

Revenue

Revenue principally represents recurring revenues received under energy supply agreements and Feed in Tariff payments. Revenue is recognised in correlation to the period in which the electricity is provided.

2.3

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 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:

Plant and equipment (Solar equipment)

Straight line basis over 25 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.

2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

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.

Page 3


S.E. SOLAR (1) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

2.Accounting policies (continued)

2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Employees

The average monthly number of employees, including directors, during the year was 1 (2025 - 1).

Page 4


S.E. SOLAR (1) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

4.	Tangible fixed assets

		Plant and equipment
		£
	Cost or valuation
	At 1 April 2025	3,736,915
	Disposals	(6,754)
	At 31 March 2026	3,730,161
	Depreciation
	At 1 April 2025	1,890,622
	Charge for the year on owned assets	149,598
	Disposals	(4,164)
	At 31 March 2026	2,036,056
	Net book value
	At 31 March 2026	1,694,105
	At 31 March 2025	1,846,293

Debtors

					2026	2025
					£	£


Amounts owed by group undertakings	800,000	800,000
VAT recoverable	1,431	2,844
Prepayments and accrued income	136,321	147,883
	937,752	950,727

Page 5


S.E. SOLAR (1) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

6.	Creditors: Amounts falling due within one year
		2026	2025
		£	£

Bank loans	256,042	249,195
Trade creditors	5,546	9,422
Corporation tax	71,079	45,197
Accruals and deferred income	104,095	105,034
	436,762	408,848

The bank loans, including those falling due after more than one year, are secured by way of charges over the airspace leases where the plant and equipment is situated.

7.	Creditors: Amounts falling due after more than one year
		2026	2025
		£	£

Bank loans	937,748	1,202,671
Financial instruments (after 1 yr)	142,954	201,235
	1,080,702	1,403,906

8.	Auditor's information

The auditor's report on the financial statements for the year ended 31 March 2026 was unqualified.

The audit report was signed on 14 October 2026 by Hezelina Hashim FCCA (Senior Statutory Auditor) on behalf of Menzies LLP.

Page 6