NOIRA_ENERGY_PLC - Accounts

The company was incorporated on 30th November 2012 to invest in operating companies in the energy, natural resources and agriculture sector but has not yet commenced these activities.

No business has yet been transacted.

The principal risks and uncertainties facing the company are the risk of making investments which ultimately might fail and result in loss of capital. However, no investments have yet been made.

The company has not yet transacted business but continues to seek opportunities.

No Key Performance Indicators have yet been determined as this will depend on the companies invested in.

There have been no post balance sheets since the year-end requiring disclosure.

There have been no events since the year-end requiring disclosure.

The auditors, Whitley Stimpson Limited, are deemed to be reappointed under section 487(2) of the Companies Act 2006.

We have audited the financial statements of Noira Energy Plc for the year ended 30 November 2014 set out on pages 6 to 13. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

This report is made solely to the company’s members', as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company’s members' those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s members' as a body, for our audit work, for this report, or for the opinions we have formed.

As explained more fully in the Directors' Responsibilities Statement set out on pages 2 - 3, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view. Our responsibility is to audit and express an opinion on the financial statements in accordance with applicable law and International Standards on Auditing (UK and Ireland). Those standards require us to comply with the Auditing Practices Board's Ethical Standards for Auditors.

An audit involves obtaining evidence about the amounts and disclosures in the financial statements sufficient to give reasonable assurance that the financial statements are free from material misstatement, whether caused by fraud or error. This includes an assessment of: whether the accounting policies are appropriate to the company's circumstances and have been consistently applied and adequately disclosed; the reasonableness of significant accounting estimates made by the directors; and the overall presentation of the financial statements. In addition, we read all the financial and non-financial information in the Annual Report to identify material inconsistencies with the audited financial statements and to identify any information that is apparently materially incorrect based on, or materially inconsistent with, the knowledge acquired by us in the course of performing the audit. If we become aware of any apparent material misstatements or inconsistencies we consider the implications for our report.

In our opinion the financial statements: - give a true and fair view of the state of the company's affairs as at 30 November 2014 and of its profit for the year then ended; - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and - have been prepared in accordance with the requirements of the Companies Act 2006. Opinion on other matter prescribed by the Companies Act 2006 In our opinion the information given in the Strategic Report and Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements.

give a true and fair view of the state of the company's affairs as at 30 November 2014 and of its profit for the year then ended;

have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

have been prepared in accordance with the requirements of the Companies Act 2006.

In our opinion the information given in the Strategic Report and Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements.

adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

the financial statements are not in agreement with the accounting records and returns; or

certain disclosures of directors' remuneration specified by law are not made; or

The ultimate parent company is Herrington Enterprises Limited, a BVI Business incorporated in the British Virgin Islands with company number 1735870. Copies of their accounts can be obtained from their registered office which is PO Box 957, Offshore Incorporations Centre, Road Town, Tortola, British Virgin Islands.is Herrington Enterprises Limited, a BVI Business incorporated in the British Virgin Islands with company number 1735870. Copies of their accounts can be obtained from their registered office which is PO Box 957, Offshore Incorporations Centre, Road Town, Tortola, British Virgin Islands.

During the previous year, the company received a loan from it's parent company Herrington Enterprises Ltd. This was repaid in full during the current year.

As at 30th November 2014, there was an amount of £NIL (2013 : £70,085) owing to Herrington Enterprises Ltd shown in parent company loans within creditors amounts due in less than one year.

There are no other transactions requiring disclosure under FRS 8.