Company No: 09510134 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	Ancala Partners Llp
	Spence Matthew Clunie

REGISTERED OFFICE	King's House
	36-37 King Street
	London
	EC2V 8BB
	England
	United Kingdom

COMPANY NUMBER

09510134 (England and Wales)

AUDITOR	Nigel Wilson & Co
	4th Floor
	100 Fenchurch Street
	London
	EC3M 5JD

	Note	2023		2022
		£		£
Fixed assets
Investments	3	167		167
		167		167
Current assets
Cash at bank and in hand		30,514		2,230
		30,514		2,230
Creditors: amounts falling due within one year	4	( 30,861)		( 2,577)
Net current liabilities		(347)		(347)
Total assets less current liabilities		(180)		(180)
Net liabilities		( 180)		( 180)
Capital and reserves
Called-up share capital	5	1		1
Profit and loss account		( 181 )		( 181 )
Total shareholder's deficit		( 180)		( 180)

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Ancala FP Limited (registered number: 09510134) were approved and authorised for issue by the Board of Directors on 07 July 2023. They were signed on its behalf by:

Spence Matthew Clunie Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Ancala FP Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is King's House, 36-37 King Street, London, EC2V 8BB, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

	2023		2022
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	0		0

3. Fixed asset investments

	Investments in associates		Total
	£		£
Carrying value before impairment
At 01 April 2022	2,425		2,425
At 31 March 2023	2,425		2,425
Provisions for impairment
At 01 April 2022	2,258		2,258
At 31 March 2023	2,258		2,258
Carrying value at 31 March 2023	167		167
Carrying value at 31 March 2022	167		167

The company is a limited partner in and is entitled to the carried interest generated by various investment funds subject to certain performance hurdles being met. The company has beneficially assigned its entitlement of carried interest to a group of individuals. The net beneficial entitlement received by the company in 2023 is £nil (2022 £nil). The funds are:

Ancala UK Infrastructure Platform A LP
Ancala UK Infrastructure Platform B LP
Ancala Utilities I LP
Ancala UK Infrastructure 1 LP
Ancala European Infrastructure II LP
Ancala Midstream Partners II LP
Ancala European Infrastructure III LP
Woodpecker Co-investment LP

4. Creditors: amounts falling due within one year

	2023		2022
	£		£
Amounts owed to Parent undertakings	1,916		1,916
Other creditors	28,945		661
	30,861		2,577

5. Called-up share capital

	2023		2022
	£		£
Allotted, called-up and fully-paid
1 Ordinary share of £ 1.00	1		1

6. Financial commitments

The Company had no material capital commitments at the year ended 31 March 2023.

7. Audit Opinion

The auditor's report on the accounts for the financial year ended 31 March 2023 was unqualified.

The audit report was signed by David Hatchard BA FCA on behalf of Nigel Wilson & Co.

8. Ultimate controlling party

Parent Company:

Ancala Partners LLP

King's House 36-37 King Street London EC2V 8BB United Kingdom