Abengoa Bioenergy UK Limited

Contents
	Page
Balance Sheet	1—2
Statement of Changes in Equity	3
Notes to the Financial Statements	4—5

Registered number: 05832067

		2016		2015
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	3		4,001,397		4,001,863

			4,001,397		4,001,863
CURRENT ASSETS
Debtors	4	122,342		173,697
Cash at bank and in hand		2,006		20,364

		124,348		194,061
Creditors: Amounts Falling Due Within One Year	5	(66,318 )		(82,816 )

NET CURRENT ASSETS (LIABILITIES)			58,030		111,245

TOTAL ASSETS LESS CURRENT LIABILITIES			4,059,427		4,113,108

NET ASSETS			4,059,427		4,113,108

CAPITAL AND RESERVES
Called up share capital	6		25,404,780		25,404,780
Revaluation reserve			(1,900,633 )		(1,900,633 )
Profit and loss account			(19,444,720 )		(19,391,039 )

SHAREHOLDERS' FUNDS			4,059,427		4,113,108

Page 1

Balance Sheet (continued)

As at 31 December 2016

For the year ending 31 December 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.

On behalf of the board

Mr Francisco Leon

3rd April 2017

	Share Capital	Revaluation reserve	Profit & Loss Account	Total
	£	£	£	£
As at 1 January 2015	25,404,780	-	(19,312,018 )	6,092,762
Loss for year	-	-	(79,021 )	(79,021 )

Deficit on revaluation	-	(1,900,633)	-	(1,900,633)

Other comprehensive income for the year	-	(1,900,633 )	-	(1,900,633 )

Total comprehensive income for the year	-	(1,900,633)	(79,021 )	(1,979,654)

As at 31 December 2015 and 1 January 2016	25,404,780	(1,900,633 )	(19,391,039 )	4,113,108


Loss for the year and total comprehensive income	-	-	(53,681 )	(53,681)

As at 31 December 2016	25,404,780	(1,900,633 )	(19,444,720 )	4,059,427

1. Accounting Policies

1.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2. Going Concern Disclosure

The company is dependent on the continued support of the parent undertaking Abengoa Bioenergia S.A. The parent company has agreed to financially support the company for the foreseeable future so as to enable the company to meet its liabilities as and when they fall due, and have satisfied the directors that it has the resources to provide such support. On this basis, in the opinion of the directors, it is appropriate to prepare the fianacial statements on a going concern basis. The company is considering the sale of its site in the United Kingdom. If it were to go ahead the going concern basis would not be appropriate however the directors are of the opinion that the carrying values disclosed in the Balance Sheet would not be materially different if an alternative basis was used.

1.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	0% on written down value
Plant & Machinery	25% on written down value

1.4. Freehold Property

Freehold Land and building is included in the Balance Sheet at their open market value in accordance with the financial reporting standard for Smaller Entities (effective January 2015) and are not depreciated. This treatment is contrary to the Companies Act 2006 which states that fixed assets should be depreciated but is, in the opinion of the directors, necessary in order to give a true and fair view of the financial position of the company.

1.5. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account. The notes which are not included have been hidden but original note numbering has remained the same for those that are present.

3. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Total
	£	£	£
Cost
As at 1 January 2016	4,000,000	6,067	4,006,067

As at 31 December 2016	4,000,000	6,067	4,006,067

Depreciation
As at 1 January 2016	-	4,204	4,204
Provided during the period	-	466	466

As at 31 December 2016	-	4,670	4,670

Net Book Value
As at 31 December 2016	4,000,000	1,397	4,001,397

As at 1 January 2016	4,000,000	1,863	4,001,863

Page 4

Abengoa Bioenergy UK Limited

Notes to the Unaudited Accounts (continued)

For The Year Ended 31 December 2016

4. Debtors

	2016	2015
	£	£
Due within one year
Other debtors	14,291	3,816
Amounts owed by group undertakings	108,051	169,881

	122,342	173,697

5. Creditors: Amounts Falling Due Within One Year

	2016	2015
	£	£
Trade creditors	61,318	82,816
Accruals and deferred income	5,000	-

	66,318	82,816

6. Share Capital

	Value	Number	2016	2015
Allotted, called up and fully paid	£		£	£
Ordinary shares	1.000	25404780	25,404,780	25,404,780

7. Ultimate Parent Undertaking and Controlling Party

The company's immediate and ultimate parent undertaking is Abengoa Bioenergia Inversiones S.A. Abengoa Bioenergia Inversiones S.A was incorporated in Spain. The ultimate parent company is Abengoa Bioenergia S.A.

8. General Information

Abengoa Bioenergy UK Limited Registered number 05832067 is a limited by shares company incorporated in England & Wales. The Registered Office is c/o 7 Side Secretarial Limited, 14/18 City Road, Cardiff, CF24 3DL.