Registered number: 09235779
ENERTECHNOS HOLDINGS LIMITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 30 JUNE 2022
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ENERTECHNOS HOLDINGS LIMITED
REGISTERED NUMBER: 09235779
BALANCE SHEET
AS AT 30 JUNE 2022
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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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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 profit and loss account 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 4 to 7 form part of these financial statements.
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ENERTECHNOS HOLDINGS LIMITED
REGISTERED NUMBER: 09235779
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2022
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ENERTECHNOS HOLDINGS LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 JUNE 2022
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COMPREHENSIVE INCOME FOR THE YEAR
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Shares issued during the year
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COMPREHENSIVE INCOME FOR THE YEAR
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The notes on pages 4 to 7 form part of these financial statements.
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ENERTECHNOS HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022
Enertechnos Holdings Limited is a private company limited by shares and incorporated in England and
Wales. Its registered office is 19 Kingsmill Business Park, Chapel Mill Road, Kingston Upon Thames,
Surrey, KT1 3GZ.
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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The following principal accounting policies have been applied:
As detailed in Note 8, subsequent to the year end the Company issued 151,668 A Ordinary shares of £0.0001 each for total consideration of £753k and unsecured loan notes of £3,700k. Following receipt of this funding, and having reviewed cash flow forecasts prepared which demonstrate ongoing investment in the Group's Capacitive Transfer System technology, the directors are satisfied that the Company will continue to have sufficient cash to meet its liabilities as they fall due for a period of at least 12 months from the date of approval of the financial statements. Accordingly these financial statements have been prepared on a going concern basis.
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EXEMPTION FROM PREPARING CONSOLIDATED FINANCIAL STATEMENTS
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The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.
Investments in subsidiaries are measured at cost less accumulated impairment.
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. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Short-term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
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ENERTECHNOS HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022
2.ACCOUNTING POLICIES (CONTINUED)
Interest income is recognised in profit or loss using the effective interest method.
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There were no employees during the current or previous period other than the directors. Directors'
remuneration is borne by other companies within the Enertechnos group. Directors' fees recharged in the
current year amounted to £nil (2021 - £7,392).
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Investments in subsidiary companies
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The following were subsidiary undertakings of the Company:
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Capacitive Technologies Limited
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Enertechnos Europe Limited
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All subsidiary undertakings are involved in the research and development of power distribution and transmission technologies and are incorporated in the United Kingdom, with the exception of Enertechnos Europe Limited which is incorporated in the Republic of Ireland.
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ENERTECHNOS HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022
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Amounts owed by group undertakings
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Included in amounts owed by group undertakings is £7,450,166 (2021: £5,945,430)) due from Enertechnos Limited which accrues interest at 2% above the Bank of England base rate per annum. All
other amounts due from group companies do not accrue interest.
All amounts due from group undertakings are unsecured and repayable on demand.
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CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
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Accruals and deferred income
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Other creditors comprise of amounts owed to Directors.
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Allotted, called up and fully paid
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1,664,277 (2021 - 1,664,277) A Ordinary shares of £0.0001 each
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POST BALANCE SHEET EVENTS
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Subsequent to the year end the Company issued 151,668 A Ordinary shares of £0.0001 each for total consideration of £753k and unsecured loan notes amounting to £3,700k. The loan notes have an interest rate of 8% and are repayable on a relevant fundraising or liquidity event occurring or otherwise on 30 April 2025.
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ENERTECHNOS HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022
The auditors' report on the financial statements for the year ended 30 June 2022 was unqualified.
The audit report was signed on 29 June 2023 by Roberta Newman (Senior Statutory Auditor) on behalf of Peters Elworthy & Moore.
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