CHICHESTER POWER LIMITED

Company number

09112715

Status

Active

Incorporation

2014-07-02

Last accounts made up

2024-12-31

Account category

FULL

Primary SIC

35110

Hubs

UK Energy & Climate

Values shown as filed in iXBRL accounts. — indicates the figure was not present in the extracted filing (either not filed under that concept or absent from the period). About these numbers

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Sumer Audit

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The directors have considered relevant information, including the company's principal risks and uncertainties, the annual budget, forecast future cash flows and the impact of subsequent events in making their assessment. Based on these assessments and having regard to the resources available to the entity, the directors have concluded that there is no material uncertainty and that they can continue to adopt the going concern basis in preparing the annual report and financial statements.”

Significant events

• “A decrease of 57%. The business has faced enormous volatility in the energy market following a period of normalisation, post the energy crisis.”
• “The gross profit has reduced by 69%, due to the volatility highlighted above. However, by applying hedging techniques across electricity exported, gas purchased and also heat exported to our horticultural partners the business has maintained a healthy gross profit position.”
• “Operating in the energy industry has an inherent risk associated with the market forces affecting supply and demand, and the resultant prices fluctuations. This is common of any commodity industry. The business mitigates this uncertainty and risk by investing in applications and market experts to closely monitor the fluctuating prices, which enables us to cherry pick the best moments to generate electricity and heat. The business will also take advantage of hedging products to remove risk and uncertainty.”
• “It is critical that the engines are available and functioning to the highest level of performance possible. Equipment downtime could result in lost revenue, high reactive maintenance costs and the potential for fines if certain outputs are not achieved.”
• “The group makes significant purchases in Euros throughout each year. The group closely monitors rate movements and utilises hedging techniques to obtain elements of certainty.”
• “The energy market is subject to significant regulation and we are seeing more and more developments relating to environmental factors.”

Auditor / going-concern / subsidiary information is extracted from the PDF version of the latest annual accounts and is not tagged in iXBRL. About these numbers