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Abridged Balance Sheet | 1—2 |
Notes to the Abridged Financial Statements | 3—5 |
2022 | 2021 | ||||
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Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Tangible Assets | 7 |
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CURRENT ASSETS | |||||
Debtors |
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Cash at bank and in hand |
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Creditors: Amounts Falling Due Within One Year |
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NET CURRENT ASSETS (LIABILITIES) |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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PROVISIONS FOR LIABILITIES | |||||
Deferred Taxation | 8 |
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NET ASSETS |
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CAPITAL AND RESERVES | |||||
Called up share capital | 9 |
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Profit and Loss Account |
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SHAREHOLDERS' FUNDS | 688,807 | 1,822,992 | |||
Director
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Director
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Freehold |
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Plant & Machinery |
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Motor Vehicles |
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Fixtures & Fittings |
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Tools and moulds |
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2022 | 2021 | ||
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Office and administration |
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Total | |
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Cost or Valuation | |
As at
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Revaluation |
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As at
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Depreciation | |
As at
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Provided during the period |
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Disposals |
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As at
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Net Book Value | |
As at
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As at
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2022 | 2021 | ||
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£ | £ | ||
Deferred tax |
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2022 | 2021 | ||
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£ | £ | ||
On equity shares: | |||
Interim dividend paid |
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1,900,000 | - | ||
Northern Aqua Power (Manchester) Limited
Fellow subsidiary
During the year Northern Aqua Power (Manchester) Limited transferred £5,000 (2021 £nil) to Northern Sea Power Limited, which was subsequently repaid by Delta Technology Group Limited. The balance owing at the year end was £nil (2021 £nil).
Delta Technology Group Limited
Parent company
During the year, Northern Sea Power Limited sold the freehold land and property to Delta Technology Group Limited at market value, £2,500,000 and paid dividends amounting to £1,900,000 (2021 £nil) to its parent company. Northern Sea Power Limited received sales of £73,000 (2021 £nil) for Delta Technology Group Limited. Delta Technology Group Limited was repaid inter-company loans owed by the associates of Northern Sea Power Limited amounting to £20,365 (2021 paid by Delta Technology Group Limited £436,111). The balance owed by Delta Technology Group Limited at the year end was £59,334 (2021 owed to Delta Technology Group Limited £488,031).
Northern Marine Power Limited
Fellow subsidiary
During the year, Northern Sea Power Limited made recharges to Northern Marine Power Limited of £55,865 (2021 £1,536) and received recharges of £40,262 (2021 £63,873). Sales were received, on behalf of Northern Marine Power Limited, of £239 (2021 £1,552). Monies of £nil (2021 £500,000) were sent to Northern Marine Power Limited and £500,000 (2021 £nil) was repaid to Northern Sea Power Limited. Monies were transferred to Delta Technology Group Limited amounting to £515,364 (2021 transferred from Delta Technology Group Limited £436,111) to repay the inter-company loans. The balance owed at the year end is £nil (2021 £nil).