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Registration number: 07152217

Carr Farm Biogas Ltd

trading as Carr Farm Biogas Limited

Annual Report and Financial Statements

for the Year Ended 31 March 2021

 

Carr Farm Biogas Ltd

trading as Carr Farm Biogas Limited

Contents

Company Information

1

Directors' Report

2

Statement of Directors' Responsibilities

3

Independent Auditor's Report

4 to 6

Profit and Loss Account

7

Statement of Comprehensive Income

8

Balance Sheet

9

Statement of Changes in Equity

10

Notes to the Financial Statements

11 to 17

 

Carr Farm Biogas Ltd

trading as Carr Farm Biogas Limited

Company Information

Directors

Mr Thomas Adam Flack

Mrs Linda Rigby

Registered office

4 Croft Court
Whitehills Business Park
Blackpool
Lancashire
FY4 5PR

Auditors

Beckett Rawcliffe Limited
Chartered Accountants & Registered Auditors
Unit 17, Beckett House
Sovereign Court
Wyrefields
Poulton Le Fylde
Lancashire
FY6 8JX

 

Carr Farm Biogas Ltd

trading as Carr Farm Biogas Limited

Directors' Report for the Year Ended 31 March 2021

The directors present their report and the financial statements for the year ended 31 March 2021.

Directors of the company

The directors who held office during the year were as follows:

Mr Thomas Adam Flack

Mrs Linda Rigby

Principal activity

The principal activity of the company is production of electricity but presently dormant.

Going concern

The Company is presently dormant and not trading.

Disclosure of information to the auditors

Each director has taken steps that they ought to have taken as a director in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information. The directors confirm that there is no relevant information that they know of and of which they know the auditors are unaware.

Reappointment of auditors

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

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 7 September 2022 and signed on its behalf by:
 

.........................................
Mr Thomas Adam Flack
Director

 

Carr Farm Biogas Ltd

trading as Carr Farm Biogas Limited

Statement of Directors' Responsibilities

The directors acknowledge their responsibilities for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

select suitable accounting policies and apply them consistently;

make judgements and accounting estimates that are reasonable and prudent;

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

 

Carr Farm Biogas Ltd

trading as Carr Farm Biogas Limited

Independent Auditor's Report to the Members of Carr Farm Biogas Ltd

Opinion

We have audited the financial statements of Carr Farm Biogas Ltd (the 'company') for the year ended 31 March 2021, which comprise the Profit and Loss Account, Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity, and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

give a true and fair view of the state of the company's affairs as at 31 March 2021 and of its loss 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.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Other Matter

The previous years financial statements were not required to be audited. We have undertaken some work on the opening balances and our report is not qualified in this matter.

Emphasis of matter

The company has traded in the past but is presently dormant.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

 

Carr Farm Biogas Ltd

trading as Carr Farm Biogas Limited

Independent Auditor's Report to the Members of Carr Farm Biogas Ltd

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinion on other matter prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

the information given in the Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

the Directors' Report has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Directors' Report.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

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

we have not received all the information and explanations we require for our audit; or

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities [set out on page 3], the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor Responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

 

Carr Farm Biogas Ltd

trading as Carr Farm Biogas Limited

Independent Auditor's Report to the Members of Carr Farm Biogas Ltd

As the company is not trading, has no physical assets and no significant bank balances we do not consider there to be a risk of fraud so we have NOT carried out any particular procedures to detect fraud save for enquiring of the directors.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Use of our report

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 auditor’s 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.

......................................
David Harben BSc FCA (Senior Statutory Auditor)
For and on behalf of Beckett Rawcliffe Limited, Statutory Auditor

Unit 17, Beckett House
Sovereign Court
Wyrefields
Poulton Le Fylde
Lancashire
FY6 8JX

7 September 2022

 

Carr Farm Biogas Ltd

trading as Carr Farm Biogas Limited

Profit and Loss Account for the Year Ended 31 March 2021

Note

2021
£

2020
£

Turnover

 

-

-

Gross profit/(loss)

 

-

-

Administrative expenses

 

(267,902)

(24,820)

Operating loss

 

(267,902)

(24,820)

Loss before tax

4

(267,902)

(24,820)

Loss for the financial year

 

(267,902)

(24,820)

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

 

Carr Farm Biogas Ltd

trading as Carr Farm Biogas Limited

Statement of Comprehensive Income for the Year Ended 31 March 2021

2021
£

2020
£

Loss for the year

(267,902)

(24,820)

Total comprehensive income for the year

(267,902)

(24,820)

 

Carr Farm Biogas Ltd

trading as Carr Farm Biogas Limited

(Registration number: 07152217)
Balance Sheet as at 31 March 2021

Note

2021
£

2020
£

Fixed assets

 

Tangible assets

5

-

267,125

Current assets

 

Debtors

6

44,678

-

Cash at bank and in hand

 

1

-

 

44,679

-

Creditors: Amounts falling due within one year

7

(831)

(1,305,424)

Net current assets/(liabilities)

 

43,848

(1,305,424)

Total assets less current liabilities

 

43,848

(1,038,299)

Creditors: Amounts falling due after more than one year

7

(4,329,754)

(2,979,705)

Net liabilities

 

(4,285,906)

(4,018,004)

Capital and reserves

 

Called up share capital

8

137,282

137,282

Retained earnings

(4,423,188)

(4,155,286)

Shareholders' deficit

 

(4,285,906)

(4,018,004)

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 7 September 2022 and signed on its behalf by:
 

.........................................
Mr Thomas Adam Flack
Director

 

Carr Farm Biogas Ltd

trading as Carr Farm Biogas Limited

Statement of Changes in Equity for the Year Ended 31 March 2021

Share capital
£

Retained earnings
£

Total
£

At 1 April 2020

137,282

(4,155,286)

(4,018,004)

Loss for the year

-

(267,902)

(267,902)

At 31 March 2021

137,282

(4,423,188)

(4,285,906)

Share capital
£

Retained earnings
£

Total
£

At 1 April 2019

137,282

(4,130,466)

(3,993,184)

Loss for the year

-

(24,820)

(24,820)

At 31 March 2020

137,282

(4,155,286)

(4,018,004)

 

Carr Farm Biogas Ltd

trading as Carr Farm Biogas Limited

Notes to the Financial Statements for the Year Ended 31 March 2021

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
4 Croft Court
Whitehills Business Park
Blackpool
Lancashire
FY4 5PR
United Kingdom

These financial statements were authorised for issue by the Board on 7 September 2022.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The company is currently dormant and has not entered into any significant transactions during the year.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Land & Buildings

Straight line over 50 years

Plant & Machinery

Straight line over 20 years

Furniture & Fittings

Straight line over 2 years

Amortisation

 

Carr Farm Biogas Ltd

trading as Carr Farm Biogas Limited

Notes to the Financial Statements for the Year Ended 31 March 2021

Asset class

Amortisation method and rate

Development Costs

Straight line over 20 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2020 - 2).

 

Carr Farm Biogas Ltd

trading as Carr Farm Biogas Limited

Notes to the Financial Statements for the Year Ended 31 March 2021

4

Loss before tax

Arrived at after charging/(crediting)

2021
£

2020
£

Depreciation expense

24,250

24,250

 

Carr Farm Biogas Ltd

trading as Carr Farm Biogas Limited

Notes to the Financial Statements for the Year Ended 31 March 2021

5

Tangible assets

Other tangible assets
£

Total
£

Cost or valuation

At 1 April 2020

485,000

485,000

Disposals

(485,000)

(485,000)

At 31 March 2021

-

-

Depreciation

At 1 April 2020

217,875

217,875

Charge for the year

24,250

24,250

Eliminated on disposal

(242,125)

(242,125)

At 31 March 2021

-

-

Carrying amount

At 31 March 2021

-

-

At 31 March 2020

267,125

267,125

6

Debtors

Current

Note

2021
£

2020
£

Amounts owed by related parties

10

44,625

-

Other debtors

 

53

-

7

Creditors

Creditors: amounts falling due within one year

Note

2021
£

2020
£

Due within one year

 

Loans and borrowings

9

831

-

Trade creditors

 

-

2,880

Amounts owed to group undertakings and undertakings in which the company has a participating interest

10

-

2,859

Other creditors

 

-

1,299,685

 

831

1,305,424

Creditors: amounts falling due after more than one year

 

Carr Farm Biogas Ltd

trading as Carr Farm Biogas Limited

Notes to the Financial Statements for the Year Ended 31 March 2021

Note

2021
£

2020
£

Due after one year

 

Loans and borrowings

9

-

1,623,370

Other non-current financial liabilities

 

4,329,754

1,356,335

 

4,329,754

2,979,705

8

Share capital

Allotted, called up and fully paid shares

 

2021

2020

 

No.

£

No.

£

Ordinary of £1 each

137,282

137,282

137,282

137,282

         

9

Loans and borrowings

2021
£

2020
£

Non-current loans and borrowings

Bank borrowings

-

1,623,370

2021
£

2020
£

Current loans and borrowings

Bank overdrafts

831

-

10

Related party transactions

Summary of transactions with parent

R Energy Group Ltd
 Inter Company Loan
 

Summary of transactions with entities with joint control or significant interest

 

Carr Farm Biogas Ltd

trading as Carr Farm Biogas Limited

Notes to the Financial Statements for the Year Ended 31 March 2021

Montgomerie Feeds Ltd
TransPennine Properties Ltd
Rigby Estates LLP
R-Lettings Ltd
The Villa Levens Ltd
Rigby Commercial Ltd
Rigny Group Ltd
R-Group of Companies Ltd
SolarGen Ltd
The Villa Wrea Green Ltd

 

Loans to related parties

2021

Entities with joint control or significant influence
£

Total
£

At start of period

44,625

44,625

At end of period

44,625

44,625

2020

Entities with joint control or significant influence
£

Total
£

At start of period

44,625

44,625

At end of period

44,625

44,625

Loans from related parties

2021

Parent
£

Entities with joint control or significant influence
£

Total
£

At start of period

1,310,155

46,181

1,356,336

Advanced

2,973,419

-

2,973,419

At end of period

4,283,574

46,181

4,329,755

2020

Parent
£

Entities with joint control or significant influence
£

Total
£

At start of period

1,310,155

46,181

1,356,336

At end of period

1,310,155

46,181

1,356,336

 

Carr Farm Biogas Ltd

trading as Carr Farm Biogas Limited

Notes to the Financial Statements for the Year Ended 31 March 2021

11

Parent and ultimate parent undertaking

The company's immediate parent is Greengengroup.co.uk Limited, incorporated in England & Wales.

 The ultimate parent is R Energy Group Limited, incorporated in England & Wales.

 The most senior parent entity producing publicly available financial statements is R Energy Group Limited.The ultimate controlling party is V J Rigby, L Rigby and Estate of WS Rigby.