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REGISTERED NUMBER: 08933024 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 31 March 2018

for

Roves Solar Farm Limited

Roves Solar Farm Limited (Registered number: 08933024)






Contents of the Financial Statements
for the Year Ended 31 March 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Roves Solar Farm Limited

Company Information
for the Year Ended 31 March 2018







DIRECTORS: Mrs J.S. Burr
Mr R G Burr





REGISTERED OFFICE: 38-42 Newport Street
Swindon
Wiltshire
SN1 3DR





REGISTERED NUMBER: 08933024 (England and Wales)

Roves Solar Farm Limited (Registered number: 08933024)

Balance Sheet
31 March 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,079,701 1,087,061

CURRENT ASSETS
Cash at bank 20,542 31,712

CREDITORS
Amounts falling due within one year 5 80,943 77,559
NET CURRENT LIABILITIES (60,401 ) (45,847 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,019,300

1,041,214

CREDITORS
Amounts falling due after more than one
year

6

(97,114

)

(158,075

)

PROVISIONS FOR LIABILITIES (167,178 ) (167,178 )
NET ASSETS 755,008 715,961

CAPITAL AND RESERVES
Called up share capital 9 6 6
Share premium 10 649,456 649,456
Retained earnings 10 105,546 66,499
SHAREHOLDERS' FUNDS 755,008 715,961

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end
of each financial year and of its profit or loss for each financial year in accordance with the requirements of
Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to
financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 5 November 2018 and were signed on its behalf
by:




Mr R G Burr - Director



Mrs J.S. Burr - Director


Roves Solar Farm Limited (Registered number: 08933024)

Notes to the Financial Statements
for the Year Ended 31 March 2018

1. STATUTORY INFORMATION

Roves Solar Farm Limited is a private company, limited by shares , registered in England and Wales. The
company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at fair value of the consideration received or receivable and represents the amount
receivable for electricity supplied net of discounts and rebates by the company.

Turnover from the sale of electricity is recognised at the point of sale. Where payments are received from
customers in advance of electricity supplied the amounts are recognised as deferred income and included as
part of creditors due within one year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land - Nil
Equipment - 4% on a straight line basis

Financial instruments
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the
effective interest method, less impairment losses for bad and doubtful debts except where the effect of
discounting would be immaterial. In such cases, the debtors are stated at cost less impairment losses for bad
and doubtful debts.

Basic financial liabilities, including trade and other creditors, bank loans, overdrafts and loans from fellow group
companies, are initially recognised at transaction price. Bank loans and other loans are subsequently carried at
amortised cost, using the effective interest rate method.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand, deposits held at call with banks and other short-term highly
liquid investments with original maturities of three months or less.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws
that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal
of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Roves Solar Farm Limited (Registered number: 08933024)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018

3. ACCOUNTING POLICIES - continued

Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary
shares or options are shown in equity as a deduction, net of tax, from the proceeds.

Distributions to shareholders
Dividends and other distributions to company's shareholders are recognised as a liability in the financial
statements in the period in which the dividends and other distributions are approved by the company's
shareholders. These amounts are recognised in the statement of changes in equity.

4. TANGIBLE FIXED ASSETS
Land Equipment Totals
£    £    £   
COST
At 1 April 2017
and 31 March 2018 925,127 176,806 1,101,933
DEPRECIATION
At 1 April 2017 - 14,872 14,872
Charge for year - 7,360 7,360
At 31 March 2018 - 22,232 22,232
NET BOOK VALUE
At 31 March 2018 925,127 154,574 1,079,701
At 31 March 2017 925,127 161,934 1,087,061

Tangible assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost
includes the original purchase price, costs directly attributable to bringing the asset to its working condition for its
intended use, dismantling and restoration costs and borrowing costs capitalised.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Bank loans and overdrafts (see note 7) 59,668 57,557
Tax 13,008 15,735
Directors' current accounts 7,267 3,267
Accruals and deferred income 1,000 1,000
80,943 77,559

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2018 2017
£    £   
Bank loans (see note 7) 97,114 158,075

7. LOANS

An analysis of the maturity of loans is given below:

2018 2017
£    £   
Amounts falling due within one year or on demand:
Bank loans 59,668 57,557

Amounts falling due between one and two years:
Bank loans - 1-2 years 59,668 57,557

Roves Solar Farm Limited (Registered number: 08933024)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018

7. LOANS - continued
2018 2017
£    £   
Amounts falling due between two and five years:
Bank loans - 2-5 years 37,446 100,518

8. SECURED DEBTS

The following secured debts are included within creditors:

2018 2017
£    £   
Bank loans 156,782 215,632

The company's bank loan is secured over its assets.

9. CALLED UP SHARE CAPITAL




Allotted, issued and fully paid:
Number: Class: Nominal 2018 2017
value: £    £   
2 Ordinary £1 2 2
2 Ordinary 1 £1 2 2
2 Ordinary B Non Voting £1 2 2
6 6

Ordinary shares have full voting, dividend and capital distribution rights attached to them, including on winding
up of the company. They do not confer any rights of redemption.

Ordinary 1 shares have full voting, dividend and capital distribution rights attached to them.

Ordinary B Non Voting share carry not voting rights but may participate in dividends at the discretion of the
company's directors. Share carry a one third right to capital on winding up of the company. They do not confer
any rights of redemption.

10. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 April 2017 66,499 649,456 715,955
Profit for the year 53,531 53,531
Dividends (14,484 ) (14,484 )
At 31 March 2018 105,546 649,456 755,002

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors have personally guaranteed the company's bank loan.

At the year end the company owed the directors £7,267 (2017: £3,267).

12. ULTIMATE CONTROLLING PARTY

The company is under control of its directors.