GRESHAM HOUSE RENEWABLE ENERGY VCT 1 PLC

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  Accounts not prepared on a going-concern basis

  Since the start of the Managed Wind Down in July 2021, the Directors do not consider it to be appropriate to adopt the going concern basis of accounting in preparing the financial statements. On this basis, the Directors have prepared the VCT's financial statements on a basis other than going concern.

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  Going-concern uncertainty disclosed

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. Year-on-year comparison hidden: this filing covers about 18 months versus 18 months prior. 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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.

1. GRESHAM HOUSE RENEWABLE ENERGY VCT 1 PLC 2019-03-07 → present
2. HAZEL RENEWABLE ENERGY VCT1 PLC 2010-09-16 → 2019-03-07

Accounting basis

FRS 102

Audit opinion

Unaudited (audit-exempt)

Going concern

Not a going concern (break-up basis)

“Since the start of the Managed Wind Down in July 2021, the Directors do not consider it to be appropriate to adopt the going concern basis of accounting in preparing the financial statements. On this basis, the Directors have prepared the VCT's financial statements on a basis other than going concern.”

Group structure

1. GRESHAM HOUSE RENEWABLE ENERGY VCT 1 PLC · parent
   1. Lunar 2 Limited · England and Wales · Ground solar
   2. Lunar 1 Limited · England and Wales · Ground solar
   3. New Energy Era Limited · England and Wales · Ground solar
   4. Vicarage Solar Limited · England and Wales · Ground solar
   5. bio-bean Limited · England and Wales · Clean energy
   6. Lunar 3 Limited · England and Wales · Ground solar

Significant events

• “On 23 June 2026, the Board was pleased to announce the sale of the VCT's remaining solar assets (ground-mounted solar) to a UK entity managed by True Green Capital Management LLC, a specialist renewable energy infrastructure fund manager.”
• “This follows the disposal of small wind assets on 23 February 2026 comprising around 200 wind turbines with a total capacity of approximately 1MW for cash considerations and loan repayments totalling £559,000.”
• “Following the recent divestment in June 2026, the Company has progressed the preparation of the proposed entry into members' voluntary liquidation, currently anticipated to take place during Q3 2026.”

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

Filings

4

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

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