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Registration number: 13254676

Rotherham Solar 1 Ltd

Unaudited Filleted Financial Statements

for the Period from 1 April 2022 to 31 October 2022

Pages for filing with Registrar

 

Rotherham Solar 1 Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Rotherham Solar 1 Ltd

Company Information

Directors

TMK Tervo

JA Spooner

O Saward

TT Oksanen

Registered office

Northgate House
Upper Borough Walls
Bath
BA1 1RG

Registered number

13254676

Accountant

Corrigan Accountants Limited
1st Floor
25 King Street
Bristol
BS1 4PB

 

Rotherham Solar 1 Ltd

(Registration number: 13254676)
Balance Sheet as at 31 October 2022

Note

31 October
2022
£

31 March
2022
£

Fixed assets

 

Intangible assets

4

417,728

-

Current assets

 

Debtors

5

34,705

4,379

Cash at bank and in hand

 

166,374

-

 

201,079

4,379

Creditors: Amounts falling due within one year

6

(659,172)

(34,325)

Net current liabilities

 

(458,093)

(29,946)

Net liabilities

 

(40,365)

(29,946)

Capital and reserves

 

Called up share capital

2

2

Profit and loss account

(40,367)

(29,948)

Total equity

 

(40,365)

(29,946)

 

Rotherham Solar 1 Ltd

(Registration number: 13254676)
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.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge 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 Board on 19 October 2023 and signed on its behalf by:
 

.........................................

O Saward
Director

 

Rotherham Solar 1 Ltd

Notes to the Unaudited Financial Statements for the Period from 1 April 2022 to 31 October 2022

1

Statutory information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Northgate House
Upper Borough Walls
Bath
BA1 1RG
England

2

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 directors have 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 therefore the directors have considered the support received from the wider group when completing this assessment. Based on the support which the directors expect to be available from the parent company and wider group during this early development phase, the directors consider it appropriate to prepare the financial statements on a going concern basis.

Disclosure of long or short period

These financial statements have been prepared for a period shorter than one year to align their year-end with the group, so aren't directly comparable with the prior year.

 

Rotherham Solar 1 Ltd

Notes to the Unaudited Financial Statements for the Period from 1 April 2022 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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 5 (2022 - 5).

 

Rotherham Solar 1 Ltd

Notes to the Unaudited Financial Statements for the Period from 1 April 2022 to 31 October 2022

4

Intangible fixed assets

Development costs
 £

Cost

At 1 April 2022

-

Additions

417,728

At 31 October 2022

417,728

Amortisation

At 1 April 2022

-

At 31 October 2022

-

Carrying amount

At 31 October 2022

417,728

At 31 March 2022

-

5

Debtors: amounts falling due within one year

Note

31 October
2022
£

31 March
2022
£

Amounts owed by group undertakings

8

4,796

-

Prepayments

 

-

467

Other debtors

 

29,909

3,912

 

34,705

4,379

 

Rotherham Solar 1 Ltd

Notes to the Unaudited Financial Statements for the Period from 1 April 2022 to 31 October 2022

6

Creditors

Note

31 October
2022
£

31 March
2022
£

Amounts falling due within one year

 

Trade creditors

 

105,622

11,405

Amounts owed to group undertakings

8

548,525

21,720

Accruals

 

5,025

1,200

 

659,172

34,325

Amounts due to group undertakings includes a loan of £432,000 from Climate ER Helio Limited, which is repayable on demand and interest free.

7

Share capital

Allotted, called up and fully paid shares

 

31 October
2022

31 March
2022

 

No.

£

No.

£

Ordinary shares of £1 each

2

2

2

2

         

8

Related party transactions

Summary of transactions with parent

Climate ER Helio Limited - parent company
 On 14 June 2022 a loan of £432,000 was made to the company from Climate ER Helio Limited, and further £116,525 of project development costs were recharged during the year. At the year end £548.525 (31 March 2022: £Nil) was due to Climate ER Helio Limited.
 

Summary of transactions with other related parties

Climate ER Limited - group company
 During the year Climate ER Limited paid expenses on behalf of the company of £25,224 and the company made a repayment of £30,020. The amount due from Climate ER Limited at the year end was £4,796 (31 March 2022: owed to Climate ER Limited £21,720).
 

 

Rotherham Solar 1 Ltd

Notes to the Unaudited Financial Statements for the Period from 1 April 2022 to 31 October 2022

9

Parent and ultimate parent undertaking

The company's immediate parent is Climate ER Helio Ltd, incorporated in England and Wales.