H A Simpson00030 April 20260.000.0029791400.000.00Production of electricity, Construction of utility projects for electricity and telecommunications1 May 20250553160539146576000600024422442552311339057485046724422442244224421003100350050024992499503503199619962999299929992999Investments30 September 20266698753719606708753729601000100066987537196067281737540548587883539252948882190464763900332020629423445Ballards LLPWest MidlandsFinancials UK FRS 1022026.10.0+102728Mark Skellum BSc (Hons) FCA30 September 2026NZCE Holding Limited14052549 14052549 bus:Audited 2025-05-01 2026-04-30 14052549 bus:PrivateLimitedCompanyLtd 2025-05-01 2026-04-30 14052549 core:OwnedOrFreeholdAssets 2025-05-01 2026-04-30 14052549 core:RetainedEarningsAccumulatedLosses 2026-04-30 14052549 core:RetainedEarningsAccumulatedLosses 2025-04-30 14052549 core:OfficeEquipment 2026-04-30 14052549 bus:Director2 2025-05-01 2026-04-30 14052549 core:ShareCapital 2025-04-30 14052549 core:Non-currentFinancialInstruments core:UnlistedNon-exchangeTraded 2025-04-30 14052549 core:ShareCapital 2026-04-30 14052549 core:CurrentFinancialInstruments 2026-04-30 14052549 bus:RegisteredOffice 2025-05-01 2026-04-30 14052549 bus:FullAccounts 2025-05-01 2026-04-30 14052549 curr:PoundSterling 2025-05-01 2026-04-30 14052549 core:OwnedOrFreeholdAssets core:OfficeEquipment 2025-05-01 2026-04-30 14052549 core:OfficeEquipment 2025-04-30 14052549 2025-05-01 14052549 core:CurrentFinancialInstruments 2025-04-30 14052549 core:Non-currentFinancialInstruments core:UnlistedNon-exchangeTraded 2026-04-30 14052549 1 2025-05-01 2026-04-30 14052549 bus:FRS102 2025-05-01 2026-04-30 14052549 2025-04-30 14052549 bus:SmallCompaniesRegimeForAccounts 2025-05-01 2026-04-30 14052549 2026-04-30 14052549 2024-05-01 2025-04-30 14052549 2025-05-01 2026-04-30 xbrli:pure xbrli:pure iso4217:GBP iso4217:GBP

Registration number: 14052549 

NZCE Holding Limited 

Filleted Financial Statements 

For The Year Ended 30 April 2026

NZCE Holding Limited

Contents

 

Company information
2
Balance sheet
3
Notes to the financial statements
4

NZCE Holding Limited

Company information

 

Directors

Mr H Simpson
Mr A Scullion

Registered office

27 Old Gloucester Street
London
WC1N 3AX

​Independent auditors

Ballards LLP​​​

15 Colmore Row​
Birmingham​
​
West Midlands​
​
B3 2BH​

2

 

NZCE Holding Limited

Registered number: 14052549

Balance Sheet as at 30 April 2026

 

Note
2026
£
2025
£
Fixed assets
)
)
Tangible fixed assets
 4
500
)
1,003
)
Investments
 5
2,442
)
2,442
)
 
2,942
)
3,445
)
Current assets
)
)
Debtors: amounts falling due within one year
 7
4,763,900
)
3,320,206
)
Cash at bank and in hand
94,888
)
219,046
)
 
4,858,788
)
3,539,252
)
Creditors: amounts falling due within one year
 8
(5,531,605)
(3,914,657)
Net current liabilities
(672,817)
(375,405)
Net liabilities
(669,875)
(371,960)
Capital and reserves
)
)
Called up share capital
1,000
)
1,000
)
Profit and loss account
(670,875)
(372,960)
Total capital and reserves
(669,875)
(371,960)
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 30 September 2026. 

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

Mr H Simpson

Director

The notes 4 on to 9 form part of these financial statements

3

NZCE Holding Limited

Notes to the Financial Statements for the Year Ended 30 April 2026

 

1.

General information

NZCE Holding Limited is a private company limited by share capital, incorporated in England & Wales. 

The address of its registered office is
27 Old Gloucester Street
London
WC1N 3AX

2.

Accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been applied consistently to all periods presented, unless otherwise stated.

a.

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

b.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

c.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The Company's functional and presentational currency is the Pound Sterling.
d.

Going concern

The financial statements have been prepared on a going concern basis. The directors have a reasonable expectation that the company will continue in operational existence for the foreseeable future. The parent company and group have confirmed in writing they intend to support the company over the next 12 months from the date of approval of these financial statements. 

e.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

4

NZCE Holding Limited

Notes to the Financial Statements for the Year Ended 30 April 2026

 

2.

Accounting policies

continued
e.

Foreign currency transactions and balances

continued

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

f.

Tangible fixed assets​​

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. 

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

g.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset Class
Depreciation method and rate
Office equipment
33.3% straight line
h.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

i.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
j.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. 

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

5

NZCE Holding Limited

Notes to the Financial Statements for the Year Ended 30 April 2026

 

2.

Accounting policies

continued
k.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. 

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

l.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

m.

Borrowing costs

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

6

NZCE Holding Limited

Notes to the Financial Statements for the Year Ended 30 April 2026

 

3.

Employees

The average number of persons employed by the company (including directors) during the year, was 2 (2025 - 2).

4.

Tangible fixed assets​

Office equipment
£
Total
£
Cost
)
)
At 1 May 2025
2,999
)
2,999
)
At 30 April 2026
2,999
)
2,999
)
Depreciation and impairment
)
)
At 1 May 2025
(1,996)
(1,996)
Charge for the year on owned assets
(503)
(503)
At 30 April 2026
(2,499)
(2,499)
Net book value
)
)
At 30 April 2026
500
)
500
)
At 30 April 2025
1,003
)
1,003
)
5.

Fixed asset investments

Unlisted invest- ments
£
Total
£
Cost or valuation
)
)
At 1 May 2025
2,442
)
2,442
)
Net book value
)
)
At 30 April 2026
2,442
)
2,442
)
At 30 April 2025
2,442
)
2,442
)

7

NZCE Holding Limited

Notes to the Financial Statements for the Year Ended 30 April 2026

 

6.

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Subsidiary undertakings
Registered office
Holding
% of voting rights and shares held 2026
% of voting rights and shares held 2025
Dannervirke Solar & Energy Storage Ltd
New Zealand
Ordinary
100%
100%
Darfield Solar & Energy Ltd
New Zealand
Ordinary
100%
100%
Masterton Solar & Energy Storage Ltd
New Zealand
Ordinary
100%
100%
Glenbrook Energy Storage Ltd
New Zealand
Ordinary
100%
100%
Scargill Solar & Energy Storage Ltd
New Zealand
Ordinary
100%
100%
7.

Debtors​​​

Note
2026
£
2025
£
Due within one year
)
)
Amounts owed by group undertakings
 9
4,736,158
)
3,292,320
)
Other debtors
27,742
)
27,886
)
 
4,763,900
)
3,320,206
)
8.

Creditors​: amounts falling due within one year

Note
2026
£
2025
£
Trade creditors
50
)
467
)
Amounts owed to group undertakings and undertakings in which the company has a participating interest
 9
5,523,113
)
3,905,748
)
Other creditors
2,442
)
2,442
)
Accruals and deferred income
6,000
)
6,000
)
 
5,531,605
)
3,914,657
)

8

NZCE Holding Limited

Notes to the Financial Statements for the Year Ended 30 April 2026

 

9.

Related party transactions

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with group companies.

10.

Parent undertaking​

The company's immediate parent undertaking and controlling party is Pelion New Energy GmbH, a company incorporated in Germany

11.

Auditors' information

The auditors' report on the financial statements for the year ended 30 April 2026 was unqualified.

The audit report was signed on 30 September 2026 by Mark Skellum BSc (Hons) FCA  
(Senior statutory auditor) on behalf of Ballards LLP.

9