NRG Holdings Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—7

1. General Information

NRG Holdings Limited is a private company, limited by shares, incorporated in Scotland, registered number SC321495 . The registered office is 8 Albyn Terrace, Aberdeen, AB10 1YP.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	4% on cost and 2% on cost
Improvements to property	10% on cost
Motor Vehicles	25% on reducing balance
Fixtures & Fittings	15% on reducing balance
Computer Equipment	33% on cost

2.4. Investment Properties

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

2.5. Leasing and Hire Purchase Contracts

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.6. Taxation

Corporation tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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NRG Holdings Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2026

2.6. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.7. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2.8. Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 7 (2025: 6)

4. Intangible Assets

	Computer software
	£
Cost
As at 1 May 2025	16,725
Disposals	(16,725 )

As at 30 April 2026	-

Amortisation
As at 1 May 2025	16,725
Disposals	(16,725 )

As at 30 April 2026	-

Net Book Value
As at 30 April 2026	-

As at 1 May 2025	-

5. Tangible Assets

	Land & Property
	Freehold	Improvements to property	Motor Vehicles	Fixtures & Fittings
	£	£	£	£
Cost
As at 1 May 2025	413,398	52,488	127,165	46,268
Additions	-	-	-	-

As at 30 April 2026	413,398	52,488	127,165	46,268

...CONTINUED

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NRG Holdings Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2026

Depreciation
As at 1 May 2025	181,829	24,177	88,931	6,940
Provided during the period	16,536	3,146	9,559	5,899

As at 30 April 2026	198,365	27,323	98,490	12,839

Net Book Value
As at 30 April 2026	215,033	25,165	28,675	33,429

As at 1 May 2025	231,569	28,311	38,234	39,328


	Computer Equipment	Total
	£	£
Cost
As at 1 May 2025	41,462	680,781
Additions	7,702	7,702

As at 30 April 2026	49,164	688,483

Depreciation
As at 1 May 2025	19,065	320,942
Provided during the period	13,844	48,984

As at 30 April 2026	32,909	369,926

Net Book Value
As at 30 April 2026	16,255	318,557

As at 1 May 2025	22,397	359,839

6. Investment Property

	2026
	£
Fair Value
As at 1 May 2025 and 30 April 2026	500,000

If investment property had been accounted for under historical cost accounting rules, the amounts would be:

	2026	2025
	£	£
Cost	175,020	175,020
Accumulated depreciation and impairment	25,732	22,053

Carrying amount	149,288	152,967

Investment property was valued on an open market basis on 30 April 2020 by Allied Surveyors Scotland Plc.

The investment property waw not re-valued by an independent valuer at the balance sheet date, in the opinion of the directors the value of the investment property has not altered since the last independent valuation in April 2020.

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NRG Holdings Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2026

7. Investments

	Subsidiaries	Listed	Unlisted	Total
	£	£	£	£
Cost or Valuation
As at 1 May 2025	1,629,157	232,005	115,245	1,976,407
Additions	10,720	-	-	10,720

As at 30 April 2026	1,639,877	232,005	115,245	1,987,127

Provision
As at 1 May 2025	29,200	231,236	115,245	375,681
Reversal of past impairments	-	(1,070 )	-	(1,070 )

As at 30 April 2026	29,200	230,166	115,245	374,611

Net Book Value
As at 30 April 2026	1,610,677	1,839	-	1,612,516

As at 1 May 2025	1,599,957	769	-	1,600,726

8. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	1,220	6,961
Amounts owed by group undertakings	891,962	1,454,055
Other debtors	359,566	353,412

	1,252,748	1,814,428

9. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	36,251	56,264
Amounts owed to group undertakings	163,190	65,659
Amounts owed to participating interests	70,770	75,970
Other creditors	64,218	44,627
Taxation and social security	9,395	8,160

	343,824	250,680

10. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	202	202

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NRG Holdings Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2026

11. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2026	2025
	£	£
Not later than one year	69,950	-
Later than one year and not later than five years	209,175	-

	279,125	-

12. Reserves

	Fair value reserve	Profit and Loss Account
	£	£
As at 1 May 2025	324,980	3,742,864
Loss for the year and total comprehensive income	-	(677,151 )

As at 30 April 2026	324,980	3,065,713

13. Related Party Transactions

During the year the company charged management fees to its subsidiaries as follows:

NRG Well Examination Ltd - £384,000

There was no movement in the loan from Mrs J M Mackay (director) during the year. The balance in 2026 and 2025 was £7,166 and this loan is unsecured, interest free and repayable on demand.

During the year the company decreased the amount loaned to NRG Well Examination Ltd (a company under common control) by £543,102 leaving a balance of £515,814 (2025 £1,058,916). This loan is unsecured, interest free and repayable on demand.

During the year the company decreased the amount loaned to McGregor Consultants Ltd (a company under common control) by £109,546 leaving a balance of £19,618 (2025 £391,214).This loan is unsecured and repayable on demand. Interest payments are due monthly with interest being charged at 2% per annum.

During the year NRG Well Management Ltd (a company under common control) increased the amount loaned to the company by £97,531 leaving a balance of £163,190 (2025 £65,659). This loan is unsecured, interest free and repayable on demand.

During the year the company increased the amount loaned to NRG Group Holdings Limited (parent company) by £625 leaving a balance of £4,551 (2025 £3,926). This loan is unsecured, interest free and repayable on demand.

During the year NRG Well Management International Ltd (a company under common control) decreased the amount loaned to the company by £5,200 leaving a balance of £70,770 (2025 £75,970), This loan is unsecured, interest free and repayable on demand.

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Mrs J Mackay Director	Mr D Mackay Director	Mrs E McPherson Director
05/11/2026

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		318,557		359,839
Investment Properties	6		500,000		500,000
Investments	7		1,612,516		1,600,726

			2,431,073		2,460,565
CURRENT ASSETS
Debtors	8	1,252,748		1,814,428
Cash at bank and in hand		50,898		66,993

		1,303,646		1,881,421
Creditors: Amounts Falling Due Within One Year	9	(343,824 )		(250,680 )

NET CURRENT ASSETS (LIABILITIES)			959,822		1,630,741

TOTAL ASSETS LESS CURRENT LIABILITIES			3,390,895		4,091,306

PROVISIONS FOR LIABILITIES
Deferred Taxation			-		(23,260 )

NET ASSETS			3,390,895		4,068,046

CAPITAL AND RESERVES
Called up share capital	10		202		202
Fair value reserve	12		324,980		324,980
Profit and Loss Account			3,065,713		3,742,864

SHAREHOLDERS' FUNDS			3,390,895		4,068,046