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REGISTERED NUMBER: 09689035 (England and Wales)






























UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 AUGUST 2016 TO 12 NOVEMBER 2017

FOR

FOXGLOVE ENERGY SUPPLY LTD

FOXGLOVE ENERGY SUPPLY LTD (REGISTERED NUMBER: 09689035)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 AUGUST 2016 TO 12 NOVEMBER 2017










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FOXGLOVE ENERGY SUPPLY LTD

COMPANY INFORMATION
FOR THE PERIOD 1 AUGUST 2016 TO 12 NOVEMBER 2017







DIRECTORS: Mr KC Bastian
Mrs MA Bastian





REGISTERED OFFICE: 16 North Mills
Frog Island
Leicester
Leicestershire
LE3 5DL





REGISTERED NUMBER: 09689035 (England and Wales)

FOXGLOVE ENERGY SUPPLY LTD (REGISTERED NUMBER: 09689035)

BALANCE SHEET
12 NOVEMBER 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 13,527 -
Investments 5 2 -
13,529 -

CURRENT ASSETS
Debtors 6 774,690 1
Cash at bank 246,259 -
1,020,949 1
CREDITORS
Amounts falling due within one year 7 1,795,689 -
NET CURRENT (LIABILITIES)/ASSETS (774,740 ) 1
TOTAL ASSETS LESS CURRENT
LIABILITIES

(761,211

)

1

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (761,212 ) -
(761,211 ) 1

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 12 November 2017.

The members have not required the company to obtain an audit of its financial statements for the period ended 12 November 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a) ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and
(b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

FOXGLOVE ENERGY SUPPLY LTD (REGISTERED NUMBER: 09689035)

BALANCE SHEET - continued
12 NOVEMBER 2017


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 10 August 2018 and were signed on its behalf by:





Mr KC Bastian - Director


FOXGLOVE ENERGY SUPPLY LTD (REGISTERED NUMBER: 09689035)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 AUGUST 2016 TO 12 NOVEMBER 2017


1. STATUTORY INFORMATION

Foxglove Energy Supply Ltd is a private company, limited by shares , registered in England and Wales. The
company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS
The financial statements contain information about Foxglove Energy Supply Limited as an individual company
and do not contain consolidated financial information as parent the parent of a group. The company is exempt
under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial
statements.

RELATED PARTY EXEMPTION
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The
Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party
transactions with wholly owned subsidiaries within the group.

TURNOVER
Revenue is recognised on the basis of electricity and gas supplied during the year. Revenue includes an estimate
of the sales value of units supplied to customers between the date of the last meter read and year end date. This
estimate is based on the latest data provided by the industry at a certain point in time and takes into account
seasonal variations and usage patterns. Revenue is recognised net of sales discounts, VAT and climate change
levy.

Turnover includes the directors' best estimate of differences between estimated sales and billed sales. All actual
metered consumption data related to customer's electricity consumption received by the end of the period has
been reflected in turnover. Actual metered consumption data relating to the period but received after the the
period end is not reflected in turnover. The estimated consumption data is revised over a twelve month settlement
period.

Any unbilled revenue is included in trade revenue, net of related provisions, to the extent that it is considered
recoverable. Accrued revenue supplied since the last billing date is recognised in the balance sheet and is only
netted off against deferred income once it can be matched against specific customer payments.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost

Fixed assets are reviewed for impairment if events or changes in circumstances indicate that the carrying amount
may not be recoverable or as otherwise required by relevant accounting standards.

Shortfalls between the carrying value of fixed assets and their recoverable amounts, being the higher of fair value
less costs to sell and value-in-use, are recognised as impairment losses. Impairments of revalued assets are
treated as a revaluation decrease. All other impairment losses are recognised in profit and loss.

FOXGLOVE ENERGY SUPPLY LTD (REGISTERED NUMBER: 09689035)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 AUGUST 2016 TO 12 NOVEMBER 2017


2. ACCOUNTING POLICIES - continued

INVESTMENTS IN SUBSIDIARIES
Investments in subsidiary undertakings are recognised at cost.

TAXATION
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the
timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

DEBTORS
Short term trade debtors are measured at transaction price, less any impairment. Loans receivable are measured
initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective
interest method, less any impairment.

CREDITORS
Short term trade creditors are measured at transaction price. Other financial liabilities, including bank loans, are
measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using
the effective interest method.

GOING CONCERN
The financial statements have been prepared on the going concern basis. As at 12 November 2017 the liabilities
exceed the assets by £761,211. Continuation to trade depends on the continual support of Fischer Future Heat
UK Limited, a company under the control of the directors, Mr KC and Mrs MA Bastian. Should the company be
unable to continue to trade, adjustment would have to be made to reduce the value of the assets to their
recoverable amounts and to provide for any further liabilities which may arise.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 43 .

FOXGLOVE ENERGY SUPPLY LTD (REGISTERED NUMBER: 09689035)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 AUGUST 2016 TO 12 NOVEMBER 2017


4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
Additions 15,491
At 12 November 2017 15,491
DEPRECIATION
Charge for period 1,964
At 12 November 2017 1,964
NET BOOK VALUE
At 12 November 2017 13,527

5. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
Additions 2
At 12 November 2017 2
NET BOOK VALUE
At 12 November 2017 2

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade debtors 397,942 -
Amounts owed by group undertakings 1,500 -
Other debtors 375,248 1
774,690 1

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade creditors 289,741 -
Taxation and social security 14,937 -
Other creditors 1,491,011 -
1,795,689 -

FOXGLOVE ENERGY SUPPLY LTD (REGISTERED NUMBER: 09689035)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 AUGUST 2016 TO 12 NOVEMBER 2017


8. SECURED DEBTS

At the balance sheet date there are fixed and floating charges held over all assets of the company.

9. ENERGY PURCHASE COMMITMENTS

The company hedges its exposure to changes in market prices from energy purchases.

The company has committed to purchase energy totalling £2,176,574 which has been contracted for but not
provided in these financial statements.

Forward contracts to purchase energy are accounted for in the statement of income and retained earnings in the
period in which the supply of power occurs.

10. ULTIMATE PARENT COMPANY

At the balance sheet date, the ultimate parent company was Fischer Malta Limited (registered in Malta).

The registered office for Fischer Malta Limited is as follows;

JCR Imports Limited
Zona Industrijali
Triq In-Negozju
Mriehel
Birkirkara
Malta

On 13 November 2017, Bastian Plc (registered in England & Wales) became the ultimate parent company after
purchasing 100% of the shareholding of Foxglove Energy Supply Limited.

The registered office for Bastian Plc is as follows;

Northbridge Place
Frog Island
Leicester
Leicestershire
United Kingdom
LE3 5DH