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Registration number: 13739589

Burnby Solar Ltd

Unaudited Filleted Financial Statements

for the Period from 12 November 2021 to 31 October 2022

Pages for filing with Registrar

 

Burnby Solar Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Burnby Solar Ltd

Company Information

Director

O D Saward

Registered office

C/o Cer Ltd
Northgate House
Upper Borough Walls
Bath
BA1 1RG

Registered number

13739589

Accountant

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

 

Burnby Solar Ltd

(Registration number: 13739589)
Balance Sheet as at 31 October 2022

Note

2022
£

Current assets

 

Debtors

5

2,309

Cash at bank and in hand

 

114,700

 

117,009

Creditors: Amounts falling due within one year

6

(221,484)

Net liabilities

 

(104,475)

Capital and reserves

 

Called up share capital

7

1

Profit and loss account

(104,476)

Total equity

 

(104,475)

 

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:

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 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 on 19 October 2023
 

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

O D Saward
Director

 

Burnby Solar Ltd

Notes to the Unaudited Financial Statements for the Period from 12 November 2021 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:
C/o Cer Ltd
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 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

These financial statements have been prepared for a period of less than one year to align their year-end with the group.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date.

 

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.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 2.

 

Burnby Solar Ltd

Notes to the Unaudited Financial Statements for the Period from 12 November 2021 to 31 October 2022

4

Intangible fixed assets

Development costs
 £

Cost

At 12 November 2021

-

Additions

100,813

At 31 October 2022

100,813

Amortisation

At 12 November 2021

-

Impairment

100,813

At 31 October 2022

100,813

Carrying amount

At 31 October 2022

-

5

Debtors: amounts falling due within one year

2022
£

Other debtors

2,309

2,309

6

Creditors

2022
£

Amounts falling due within one year

Amounts owed to group undertakings

218,484

Accruals

3,000

221,484

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

7

Share capital

Allotted, called up and fully paid shares

 

2022

 

No.

£

Ordinary shares of £1 each

1

1

     

8

Related party transactions

Summary of transactions with parent

Climate ER Helio Limited - parent company
 During the year Climate ER Helio Limited made loans to Burnby Solar Limited of £183,500, and recharged project development costs of £31,780. At the year end £215,280 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 £3,204. The amount outstanding at the year end was £3,204.