Registration number:
Burnby Solar Ltd
for the Period from 12 November 2021 to 31 October 2022
Pages for filing with Registrar
Burnby Solar Ltd
Contents
Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Burnby Solar Ltd
Company Information
Director |
O D Saward |
Registered office |
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Registered number |
13739589 |
Accountant |
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Burnby Solar Ltd
(Registration number: 13739589)
Balance Sheet as at 31 October 2022
Note |
2022 |
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Current assets |
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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 liabilities |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
( |
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Total equity |
( |
Burnby Solar Ltd
(Registration number: 13739589)
Balance Sheet as at 31 October 2022
For the financial period ending 31 October 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised for issue by the
.........................................
Director
Burnby Solar Ltd
Notes to the Unaudited Financial Statements for the Period from 12 November 2021 to 31 October 2022
Statutory information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
England
Accounting policies |
Summary of significant accounting policies
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention.
The financial statements are prepared in pounds sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
Going concern
The director has prepared the financial statements on a going concern basis which assumes that the company will have sufficient financial resources to meet its liabilities for a period of at least twelve months from the date of approving these financial statements. The company’s balance sheet includes a significant net creditor position owed to group undertakings, and given that the project has been aborted post year end, the director has considered the support received from the wider group when completing this assessment.
Disclosure of long or short period
Foreign currency transactions and balances
Burnby Solar Ltd
Notes to the Unaudited Financial Statements for the Period from 12 November 2021 to 31 October 2022
Intangible fixed assets
Expenditure on research activities is charged to the profit and loss account as incurred.
Expenditure on development activities is capitalised as intangible assets if the project is considered to be technically and commercially feasible and has received formal board approval and funding to complete the project for use or for sale.
Development projects relate to solar developments. Costs incurred in bringing these projects to the consent stage include options over land rights, planning application costs and environmental impact studies.
Development assets are not amortised until the asset is complete and ready for its intended use at which point it is transferred into Property Plant and Equipment. Intangible assets are subject to annual impairment testing.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand.
Trade creditors
Trade creditors are recognised initially at the transaction price.
Share capital
Ordinary shares are classified as equity.
Staff numbers |
The average number of persons employed by the company (including the director) during the period, was
Burnby Solar Ltd
Notes to the Unaudited Financial Statements for the Period from 12 November 2021 to 31 October 2022
Intangible fixed assets |
Development costs |
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Cost |
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At 12 November 2021 |
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Additions |
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At 31 October 2022 |
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Amortisation |
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At 12 November 2021 |
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Impairment |
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At 31 October 2022 |
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Carrying amount |
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At 31 October 2022 |
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Debtors: amounts falling due within one year |
2022 |
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Other debtors |
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Creditors |
2022 |
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Amounts falling due within one year |
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Amounts owed to group undertakings |
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Accruals |
3,000 |
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Amounts due to group undertakings includes a loan of £183,500 from Climate ER Helio Limited, which is repayable on demand and interest free.
Burnby Solar Ltd
Notes to the Unaudited Financial Statements for the Period from 12 November 2021 to 31 October 2022
Share capital |
Allotted, called up and fully paid shares
2022 |
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No. |
£ |
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1 |
Related party transactions |
Summary of transactions with parent
Summary of transactions with other related parties
During the year Climate ER Limited paid expenses on behalf of the company of £3,204. The amount outstanding at the year end was £3,204.