JERA NEX BP DEVELOPMENT LIMITED

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. JERA NEX BP DEVELOPMENT LIMITED 2025-12-12 → present
2. BP LOW CARBON DEVELOPMENT COMPANY LIMITED 2021-10-22 → 2025-12-12

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 consider it appropriate to adopt the going concern basis of accounting in preparing the financial statements. The current economic and geopolitical environment were considered as part of the going concern assessment. Liquidity and financing are managed within the bp group under pooled group-wide arrangements which include the company. As part of the going concern basis of preparation for the company, the ability and intent of the bp group to support the company has also been taken into consideration. The most recent bp group financial statements continue to be prepared on a going concern basis. Forecast liquidity of the bp group has been assessed under a number of stressed scenarios, including a significant decline in oil prices over the 12-month period from the date these financial statements were approved.”

Significant events

• “On 9 December 2024, the group announced an agreement to form a joint venture, JERA Nex bp, combining a portfolio of operating assets and development projects with a potential net generating capacity of approximately 13 gigawatts, including BP Low Carbon Development Company Limited.”
• “On 7 April 2025, 100% of the shares of the company have been transferred from BP Iota Holdings Limited to Snowmass Holdings Limited as part of bp's internal legal reorganization activity.”
• “On 27 June 2025 Snowmass Holdings Limited has subscribed to 26.4 million shares of $1 each for a total nominal value of $26.4 million in the company.”
• “On 31 July 2025 Snowmass Holdings Limited has subscribed to an additional 30.3 million shares of $1 each for a total nominal value of $30.3 million in the company.”
• “On 4 August 2025, the companies under Snowmass Holdings Limited were transferred to the newly formed JERA Nex bp joint venture between JERA Co., Inc. and bp.”

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

2

last 24 months

Officers appointed

0

last 12 months

Officers resigned

1

last 12 months

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

• Turnover

  —

  Not reported

• Cash

  —

  Not reported

• Net assets

  -790.5%

  £8,025,000 → -£55,413,000

• Employees

  —

  Not reported

• Operating profit

  -11,385.6%

  £564,000 → -£63,651,000

• Profit before tax

  -8,161.7%

  £786,000 → -£63,365,000

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