CBS SOLAR ASSETS UK LIMITED

• ◆

  3 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. CBS SOLAR ASSETS UK LIMITED 2022-03-28 → present
2. PENNINGS POWER LIMITED 2020-02-12 → 2022-03-28

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

Deloitte LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors have received confirmation from the Directors of Centrica plc that provided the Company remains part of the Group, Centrica plc will support the Company for at least one year after the date of signature of these financial statements and that amounts owed to Group undertakings will not be required to be repaid for the foreseeable future unless sufficient financial resources and facilities are available to the Company that would enable it, after such repayment, to continue as a going concern.”

Group structure

1. CBS SOLAR ASSETS UK LIMITED · parent
   1. Leicestershire Solar 1 Limited 100% · United Kingdom · Solar Asset Investments
   2. SN12 6EF Limited 100% · United Kingdom · Solar Asset Investments
   3. Rolleston 2 Solar Farm Limited 100% · United Kingdom · Solar Asset Investments
   4. Blandford Hill Eco Hub Limited 0% · United Kingdom · Solar Asset Investments

Significant events

• “In 2024, the Company continued to operate a 18MW solar farm in Wiltshire while commencing construction on a new 18MW solar farm in Staffordshire as well as a new 15MW solar farm in Dorset.”
• “In May 2024, the Company acquired 100% of the share capital of Rolleston 2 Solar Farm Limited, a company incorporated in England and Wales.”
• “The main causes of this decrease in profitability are the impairment charges of £20,162,000 as detailed in note 7.”
• “During the year an impairment charge of £9,815,000 was made in respect of the Company's investment balance.”
• “During the year an impairment charge of £11,276,000 was made in respect of the Company's solar assets under construction balance.”
• “During the year the Company made a provision for credit losses on financial assets of £1,645,000 relating to amounts owed by Group undertakings.”
• “The company entered into lease arrangements in August 2024 for right-of-use land assets in Dorset, where the Company is constructing a new solar asset. These leases are for a term of 40 years and end in August 2064.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

8

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

3

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +19.6%

  £1,290,000 → £1,543,000

• Cash

  —

  Not reported

• Net assets

  -802.9%

  -£2,817,000 → -£25,435,000

• Employees

  0%

  1 → 1

• Operating profit

  -2,893%

  -£804,000 → -£24,064,000

• Profit before tax

  -1,451.2%

  -£1,687,000 → -£26,169,000

• Wages

  +34.5%

  £58,000 → £78,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers