Registered number
NI690874
EA Wind Ltd
Report and Accounts
31 March 2023
EA Wind Ltd
Company Information
Directors
Barry Corcoran (appointed 14 December 2022)
Ian Greer (appointed 14 December 2022)
Adrian Martin (resigned 14 December 2022
Eamonn Martin (resigned 14 December 2022
Accountants
Tyrone Accountancy Services
8-10 Church Street
Omagh
Co. Tyrone
BT78 1DG
Registered office
C/O MKB, 14-18 Great Victoria Street
Belfast
Co. Antrim
BT2 7BA
Registered number
NI690874
EA Wind Ltd
Registered number: NI690874
Balance Sheet
as at 31 March 2023
Notes 2023
£
Fixed assets
Investments 3 665,417
Current assets
Debtors 4 1,099,214
Creditors: amounts falling due within one year 5 (1,765,017)
Net current liabilities (665,803)
Net liabilities (386)
Capital and reserves
Share capital 9 100
Profit and loss account (486)
Shareholders' funds 10 (386)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime.
The profit and loss account has not been delivered to the Registrar of Companies under section 444 of the Companies Act 2006.
The notes on pages 6 to 8 form an integral part of the accounts.
Ian Greer
Director
Approved by the board on 29 September 2023
EA Wind Ltd
Notes to the Accounts
for the period from 5 September 2022 to 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
The financial statements are presented in UK Sterling pounds (£)
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classes as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
Provisions
Provisions (i.e. liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023
Number
Average number of persons employed by the company -
3 Investments
Investments in
subsidiary
undertakings
£
Cost
Additions 665,417
At 31 March 2023 665,417
EA Wind Ltd own 50% of the share capital in Reenpro Ltd, a company registered in Northern Ireland.
4 Debtors 2023
£
Deferred tax asset 114
Other debtors 1,099,100
1,099,214
5 Creditors: amounts falling due within one year 2023
£
Other creditors 1,765,017
6 Provision for liabilities
Deferred Taxation
£
At 5 September 2022 -
Charged to the profit and loss (114)
At 31 March 2023 (114)
The provision for deferred taxation is made up as follows:
2023
£
Corporation tax losses 114
114
7 Related party transactions
At the balance sheet date the company had the following balances with members of its group:

Due from Reenpro Ltd - £1,099,000
Due to Arena Energy Holdings Ltd - £1,764,417

These balances are reflected in debtors and creditors on the balance sheet.

The balances are interest free and repayable on demand.

EA Wind Ltd is a parent undertaking, owning 50% of the share capital of Reenpro Ltd.

Arena Energy Holdings Ltd is the ultimate parent undertaking of EA Wind Ltd.
8 Directors' advances, credits and guarantees
During the period there were no transactions with the directors.
9 Share capital
The share capital consists of 100 ordinary shares of £1.00 each. This balance remains unpaid and is reflected in debtors.
10 Statement of changes in equity
The shareholders funds represents cumulative profits or losses, net of dividends paid, deferred tax adjustments and other adjustments.
11 Other information
EA Wind Ltd is a private company limited by shares and incorporated in Northern Ireland. Its registered office is:
C/O MKB, 14-18 Great Victoria Street
Belfast
Co. Antrim
BT2 7BA
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