Hgpe Asg Limited

The principal activity of HGPE ASG Limited (the "Company") continued to be that of an investment holding company and an intermediary for intercompany borrowings. The Company holds 100% of the share capital in A Shade Greener (F2) Limited ("ASG F2 Limited") and HGPE ASG AssetCo Limited ("ASG AssetCo Limited"). The Company and its immediate parent HGPE ASG Finance Limited, along with ASG F2 Limited and HGPE ASG AssetCo Limited, are referred to as the "Group". Going Concern Notwithstanding net current liabilities of £12,329,843 (2023: £11,554,388), the Company has net assets of £2,938,051 (2023: £3,713,506) and a cash balance of £419 (2023: £14,684). The Company will continue to be supported by both the Group and its investor Atrato Onsite Energy Holdco Limited, from whom a letter of support has been obtained to corroborate the investor's intentions in this regard. The Group remains profitable, generating a significant cash surplus each year above its group liabilities. Noting this, the directors believe that the Group and the investor both have the financial resources to support the Company as a going concern. Accordingly, the Directors continue to adopt the going concern basis in preparing the financial statements. See note 1 for further details.