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REGISTERED NUMBER: 08271055 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2022

FOR

RATHERTON POWER LIMITED

RATHERTON POWER LIMITED (REGISTERED NUMBER: 08271055)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022










Page

Balance Sheet 1

Notes to the Financial Statements 3


RATHERTON POWER LIMITED (REGISTERED NUMBER: 08271055)

BALANCE SHEET
30 SEPTEMBER 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 67,749 74,459
67,749 74,459

CURRENT ASSETS
Debtors 7 160,046 134,979
Cash at bank 8 44
160,054 135,023
CREDITORS
Amounts falling due within one year 8 122,232 127,493
NET CURRENT ASSETS 37,822 7,530
TOTAL ASSETS LESS CURRENT
LIABILITIES

105,571

81,989

CREDITORS
Amounts falling due after more than one
year

9

(38,615

)

(35,000

)

PROVISIONS FOR LIABILITIES 11 (920 ) (1,400 )
NET ASSETS 66,036 45,589

CAPITAL AND RESERVES
Called up share capital 12 1 1
Retained earnings 13 66,035 45,588
SHAREHOLDERS' FUNDS 66,036 45,589

RATHERTON POWER LIMITED (REGISTERED NUMBER: 08271055)

BALANCE SHEET - continued
30 SEPTEMBER 2022


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 September 2023 and were signed by:





Mr N P May - Director


RATHERTON POWER LIMITED (REGISTERED NUMBER: 08271055)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022


1. STATUTORY INFORMATION

Ratherton Power Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 08271055

Registered office: Ratherton House
Ratherton Farm
HOLSWORTHY
Devon
EX22 6NB

2. STATEMENT OF COMPLIANCE

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

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents net invoiced sales of units of electricity generated by the solar farm. Turnover is recognised when the electricity is transferred to the power distribution companies.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of ten years.

The directors have reviewed the policy and agreed that with effect from 1 June 2015 the remaining balance of goodwill is to be written off over a period of 5 years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

RATHERTON POWER LIMITED (REGISTERED NUMBER: 08271055)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2022


3. ACCOUNTING POLICIES - continued

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 10% on cost
Plant and machinery - 5% on cost

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

RATHERTON POWER LIMITED (REGISTERED NUMBER: 08271055)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2022


5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2021
and 30 September 2022 50,000
AMORTISATION
At 1 October 2021
and 30 September 2022 50,000
NET BOOK VALUE
At 30 September 2022 -
At 30 September 2021 -

6. TANGIBLE FIXED ASSETS
Short Plant and
leasehold machinery Totals
£    £    £   
COST
At 1 October 2021
and 30 September 2022 3,000 131,212 134,212
DEPRECIATION
At 1 October 2021 1,475 58,278 59,753
Charge for year 300 6,410 6,710
At 30 September 2022 1,775 64,688 66,463
NET BOOK VALUE
At 30 September 2022 1,225 66,524 67,749
At 30 September 2021 1,525 72,934 74,459

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 12,045 698
Amounts owed by group undertakings 131,847 122,582
Other debtors 10,830 11,500
Directors' current accounts 5,183 -
Prepayments and accrued income 141 199
160,046 134,979

RATHERTON POWER LIMITED (REGISTERED NUMBER: 08271055)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2022


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 4,800 8,750
Trade creditors - 129
Amounts owed to group undertakings 95,404 103,049
Corporation tax 14,672 9,357
VAT 7,356 6,208
122,232 127,493

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2022 2021
£    £   
Bank loans - 1-2 years 4,800 8,750
Bank loans - 2-5 years 14,400 26,250
Bank loans more 5 yr by instal 19,415 -
38,615 35,000

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 19,415 -

10. SECURED DEBTS

A debenture incorporating a first legal charge over leasehold land held personally by the director at Ratherton Farm exists at the year end.

A first fixed charge over all of its present and future rights, titles and interests in all securities and related rights such as dividends and other distributions payable and all other assets exercisable by virtue of the ownership of the securities of the company.

11. PROVISIONS FOR LIABILITIES
2022 2021
£    £   
Deferred tax 920 1,400

RATHERTON POWER LIMITED (REGISTERED NUMBER: 08271055)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2022


11. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 October 2021 1,400
Provided during year (480 )
Balance at 30 September 2022 920

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
1 Ordinary 1 1 1

13. RESERVES
Retained
earnings
£   

At 1 October 2021 45,588
Profit for the year 20,447
At 30 September 2022 66,035

14. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2022 and 30 September 2021:

2022 2021
£    £   
Mr N P May
Balance outstanding at start of year - -
Amounts advanced 5,183 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 5,183 -