Company Registration No. SC084179 (Scotland)
Scotcan Energy Limited
unaudited financial statements
for the year ended 31 December 2021
Pages for filing with Registrar
Scotcan Energy Limited
Contents
Page
Balance sheet
1
Notes to the financial statements
2 - 3
Scotcan Energy Limited
Balance sheet
as at 31 December 2021
- 1 -
2021
2020
Notes
£
£
£
£
Capital and reserves
Called up share capital
3
100
100
Profit and loss reserves
4
(100)
(100)
Total equity
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 December 2021 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 6 September 2022 and are signed on its behalf by:
CHW Thomson
Director
Company Registration No. SC084179
Scotcan Energy Limited
Notes to the financial statements
for the year ended 31 December 2021
- 2 -
1
Accounting policies
Company information
Scotcan Energy Limited is a private company limited by shares incorporated in Scotland. The registered office is 22 Meadowside, Dundee, DD1 1LN.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies' regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Profit and loss account
The company has not traded during the year or the preceding financial period. During this time, the company received no income and incurred no expenditure and therefore no Profit and loss account is presented in these financial statements.
1.3
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2021
2020
Number
Number
Total
3
Called up share capital
2021
2020
2021
2020
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
The company has one class of ordinary shares and each share carries one vote and is entitled to participate pari passu in any dividend or capital distribution. On liquidation, surplus assets are to be distributed among the ordinary shares. The ordinary shares are not redeemable at the option of the company or the holder.
Scotcan Energy Limited
Notes to the financial statements (continued)
for the year ended 31 December 2021
- 3 -
4
Profit and loss reserves
Profit and loss reserves include all current and prior period retained profits and losses.
5
Parent company
The company is a wholly owned subsidiary of Scottish Canadian Trust Limited, a company incorporated in Great Britain and registered in Scotland.