Company registration number: 01908655
COMPANY INFORMATION
CONTENTS
STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2025
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 income statement 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:
The notes on pages 2 to 5 form part of these financial statements.
Page 1
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
PG Renewables Limited is a company limited by shares incorporated in England and Wales. The registered office is North Lodge, Slaugham Park, Handcross, Haywards Heath, West Sussex, RH17 6BG.
2.Accounting policies
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of 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 directors have assessed the financial performance and likely future cash flow requirements of the Company at the date of approving these financial statements. Whilst the company is establishing itself in the market it is reliant on financial support from its parent company to meet its day-to-day working capital requirements.
The financial statements have been prepared on a going concern basis which the directors consider to be appropriate for the reason that the Company has obtained the financial support letter from the parent company, for 12 months from the date of the financial statements approval. This letter confirms that the parent company will provide where needed the necessary financial support so that the Company can meet its commitments and continue its business under normal conditions. This letter also confirms that, as the major creditor of the company, it will not demand repayment of the amounts outstanding until such a time that the company is able to make repayments without having a detrimental impact on the company.
The directors are satisfied that the parent company has the financial ability to provide such support as needed.
Thus, the directors do not consider there to be any material uncertainty relating to the Company’s ability to continue as a going concern and have prepared the financial statements on a going concern basis.
The financial statements have been prepared on a going concern basis which the directors consider to be appropriate for the reason that the Company has obtained the financial support letter from the parent company, for 12 months from the date of the financial statements approval. This letter confirms that the parent company will provide where needed the necessary financial support so that the Company can meet its commitments and continue its business under normal conditions. This letter also confirms that, as the major creditor of the company, it will not demand repayment of the amounts outstanding until such a time that the company is able to make repayments without having a detrimental impact on the company.
The directors are satisfied that the parent company has the financial ability to provide such support as needed.
Thus, the directors do not consider there to be any material uncertainty relating to the Company’s ability to continue as a going concern and have prepared the financial statements on a going concern basis.
Functional and presentation currency
Transactions and balances
Page 2
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
2.Accounting policies (continued)
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.
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like other debtors, trade and other creditors and amounts owed to/from group undertakings.
Page 3
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
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Page 4
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
The ultimate parent of the company is Giles W. Pritchard-Gordon & Co. Limited , a company incorporated in England & Wales whose registered office is Noth Lodge, Slaugham Park, Handcross, Haywards Heath RH17 6BG.
The audit report was signed on 24 November 2025 by Sophie Said FCA (Senior statutory auditor) on behalf of Menzies LLP .
Page 5