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Registered number: 16019886
HELIOTEC ENERGY LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2025
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HELIOTEC ENERGY LIMITED
REGISTERED NUMBER: 16019886
STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2025
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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HELIOTEC ENERGY LIMITED
REGISTERED NUMBER: 16019886
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2025
The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
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 on 15 October 2026.
The notes on pages 4 to 9 form part of these financial statements.
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HELIOTEC ENERGY LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 DECEMBER 2025
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Comprehensive income for the period
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Contributions by and distributions to owners
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Shares issued during the period
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The notes on pages 4 to 9 form part of these financial statements.
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HELIOTEC ENERGY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2025
Heliotec Energy Ltd is a private company limited by shares, incorporated in England and Wales, registered number 16019886. The registered office address is 10 Queen Street Place, London, EC4R 1AG.
The principal activity of the Company is energy usage monitoring and solar solutions.
2.Accounting policies
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Basis of preparation of financial statements
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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.
The following principal accounting policies have been applied:
The Company is engaged in the development of energy usage monitoring and solar technology solutions. During the period ended 31 December 2025, the Company incurred a loss of £481,915 as it continued to invest in product development, staffing and business growth initiatives. Notwithstanding this loss, the Company had cash balances of £910,011 and net assets of £1,122,831 at the reporting date, reflecting the successful completion of equity funding rounds during the period.
The director has reviewed the company's liabilities over the next 12 months and considers the business to be a going concern on the assumption that financial support will be available from the shareholders for the foreseeable future and at least for 12 months from the date of the approval of these financial statements which will ensure that all financial commitments can be met when they fall due in the current economic environment.
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Foreign currency translation
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Functional and presentation currency
The Company's functional and presentational currency is GBP.
Transactions and balances
Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.
At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.
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HELIOTEC ENERGY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured.
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.
Interest income is recognised in profit or loss using the effective interest method.
Defined contribution pension plan
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.
The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.
Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.
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.
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HELIOTEC ENERGY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
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Tangible fixed assets (continued)
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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:
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.
Short-term debtors are measured at transaction price, less any impairment.
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Cash and cash equivalents
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Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.
Short-term creditors are measured at the transaction price.
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Judgments in applying accounting policies and key sources of estimation uncertainty
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Development expenditure is capitalised when the recognition criteria in FRS 102 Section 18 are met. Management is required to exercise significant judgement in assessing whether these criteria are satisfied. Key considerations include technical feasibility of completing the software, the availability of adequate resources to complete development, the existence of a demonstrable market for the resulting products, and the ability of the Company to generate probable future economic benefits from the asset.
During the year the Company capitalised £243,400 of development costs relating to the continued enhancement of the Company’s platform. Management’s assessment includes a review of project status reports, projected cash flows, revenue forecasts and the technical performance of the underlying platform.
Capitalised development expenditure is amortised over an estimated useful economic life of five years. This estimate reflects the expected period over which the Company anticipates deriving benefit from the software. The useful life is reassessed at each reporting date.
The carrying amount of capitalised development expenditure at the year end was £194,720. Changes in market conditions, project performance or product adoption rates could result in an impairment of these assets.
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HELIOTEC ENERGY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2025
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The average monthly number of employees, including directors, during the period was 3.
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HELIOTEC ENERGY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2025
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Creditors: Amounts falling due within one year
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HELIOTEC ENERGY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2025
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Allotted, called up and fully paid
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1,147,251 Ordinary shares of £0.000001 each
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229,202 Pre-seed shares of £0.000001 each
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On incorporation, 1,000,000 Ordinary shares of £0.000001 each were issued at par.
During the year, 104,000 Ordinary shares of £0.000001 each were issued at par.
During the year, 43,251 Ordinary shares of £0.000001 each were issued at a premium of £5.89.
During the year, 229,202 Pre-Seed shares of £0.000001 each were issued at a premium of £5.89.
The entity operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the entity in an independently administered fund. The pension cost charge represents contributions payable by the entity to the fund and amounted to £1,211. Contributions totaling £770 were payable to the fund at the reporting date and are included in other creditors.
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