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REGISTERED NUMBER: 08410724 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2022

FOR

RATHERTON WIND POWER LIMITED

RATHERTON WIND POWER LIMITED (REGISTERED NUMBER: 08410724)

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










Page

Balance Sheet 1

Notes to the Financial Statements 3


RATHERTON WIND POWER LIMITED (REGISTERED NUMBER: 08410724)

BALANCE SHEET
30 SEPTEMBER 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 2,271,735 2,441,656
Investments 6 2 2
2,271,737 2,441,658

CURRENT ASSETS
Debtors 7 2,724,698 2,895,582
Cash at bank 183,645 6,189
2,908,343 2,901,771
CREDITORS
Amounts falling due within one year 8 1,242,252 1,140,719
NET CURRENT ASSETS 1,666,091 1,761,052
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,937,828

4,202,710

CREDITORS
Amounts falling due after more than one
year

9

(2,335,503

)

(2,507,645

)

PROVISIONS FOR LIABILITIES 11 (477,000 ) (508,000 )
NET ASSETS 1,125,325 1,187,065

CAPITAL AND RESERVES
Called up share capital 12 102 102
Revaluation reserve 13 1,812,795 1,812,795
Retained earnings 13 (687,572 ) (625,832 )
SHAREHOLDERS' FUNDS 1,125,325 1,187,065

RATHERTON WIND POWER LIMITED (REGISTERED NUMBER: 08410724)

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 WIND POWER LIMITED (REGISTERED NUMBER: 08410724)

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


1. STATUTORY INFORMATION

Ratherton Wind 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: 08410724

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

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


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 as modified by the revaluation of certain assets.

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 is recognised in the period in which the energy is generated.

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 - 5% on cost
Plant and machinery - 5% on cost

Short leasehold and office equipment are stated at cost less accumulated depreciation and accumulated impairment losses. Plant and machinery is held at revalued cost less accumulated depreciation.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.


RATHERTON WIND POWER LIMITED (REGISTERED NUMBER: 08410724)

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


3. ACCOUNTING POLICIES - continued
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 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings Totals
£    £    £    £   
COST OR VALUATION
At 1 October 2021
and 30 September 2022 398,413 3,000,000 417 3,398,830
DEPRECIATION
At 1 October 2021 131,757 825,000 417 957,174
Charge for year 19,921 150,000 - 169,921
At 30 September 2022 151,678 975,000 417 1,127,095
NET BOOK VALUE
At 30 September 2022 246,735 2,025,000 - 2,271,735
At 30 September 2021 266,656 2,175,000 - 2,441,656

RATHERTON WIND POWER LIMITED (REGISTERED NUMBER: 08410724)

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


5. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 30 September 2022 is represented by:

Fixtures
Short Plant and and
leasehold machinery fittings Totals
£    £    £    £   
Valuation in 2016 - 2,150,000 - 2,150,000
Cost 398,413 850,000 417 1,248,830
398,413 3,000,000 417 3,398,830

If plant and machinery had not been revalued they would have been included at the following historical cost:

2022 2021
£    £   
Cost 850,000 850,000

Plant and machinery were valued on an open market basis on 31 March 2016 by Nicholas May .

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 October 2021
and 30 September 2022 2
NET BOOK VALUE
At 30 September 2022 2
At 30 September 2021 2

RATHERTON WIND POWER LIMITED (REGISTERED NUMBER: 08410724)

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


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 104,044 39,000
Amounts owed by group undertakings 95,404 103,049
Other debtors 214,927 217,383
Directors' current accounts 1,661,783 1,886,570
Corporation tax 610,977 610,977
VAT 1,237 5,368
Prepayments and accrued income 36,326 33,235
2,724,698 2,895,582

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 10,000 10,000
Other loans 155,766 155,766
Trade creditors 73,540 41,068
Amounts owed to group undertakings 277,318 278,608
Corporation tax 659,305 650,277
Accrued expenses 66,323 5,000
1,242,252 1,140,719

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2022 2021
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 22,170 27,193
Other loans - 1-2 years 155,766 155,766
Other loans - 2-5 years 467,298 467,298
Other loans more 5yrs instal 1,680,269 1,847,388
2,335,503 2,507,645

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 1,680,269 1,847,388

RATHERTON WIND POWER LIMITED (REGISTERED NUMBER: 08410724)

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


10. SECURED DEBTS

A debenture incorporating a first legal charge over leasehold land held personally by the director at Rather 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 securities of the company.

11. PROVISIONS FOR LIABILITIES
2022 2021
£    £   
Deferred tax 477,000 508,000

Deferred
tax
£   
Balance at 1 October 2021 508,000
Provided during year (31,000 )
Balance at 30 September 2022 477,000

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
102 Ordinary 1 102 102

13. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 October 2021 (625,832 ) 1,812,795 1,186,963
Deficit for the year (61,740 ) (61,740 )
At 30 September 2022 (687,572 ) 1,812,795 1,125,223

RATHERTON WIND POWER LIMITED (REGISTERED NUMBER: 08410724)

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


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 1,886,570 1,556,192
Amounts advanced 43,807 384,640
Amounts repaid (268,594 ) (54,262 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,661,783 1,886,570

Interest has been charged on the director's loan on an average method basis. The effective interest rate is 2.5%.