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Company registration number: 09938138
Holyrood Power Limited
Information for Filing with The Registrar
31 January 2023
Holyrood Power Limited
Contents
Abridged statement of financial position
Notes to the financial statements
Holyrood Power Limited
Abridged statement of financial position
31 January 2023
2023 2022
Note £ £ £ £
Current assets
Debtors - 354
Cash at bank and in hand 16 294
_______ _______
16 648
Creditors: amounts falling due
within one year ( 52,909) ( 51,160)
_______ _______
Net current liabilities ( 52,893) ( 50,512)
_______ _______
Total assets less current liabilities ( 52,893) ( 50,512)
_______ _______
Net liabilities ( 52,893) ( 50,512)
_______ _______
Capital and reserves
Called up share capital 4 1 1
Profit and loss account ( 52,894) ( 50,513)
_______ _______
Shareholders deficit ( 52,893) ( 50,512)
_______ _______
For the year ending 31 January 2023 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 financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of comprehensive income has not been delivered.
All of the members have consented to the preparation of the abridged statement of comprehensive income and the abridged statement of financial position for the current year ending 31 January 2023 in accordance with Section 444(2A) of the Companies Act 2006.
These financial statements were approved by the board of directors and authorised for issue on 24 October 2023 , and are signed on behalf of the board by:
Mr D Fyffe
Director
Company registration number: 09938138
Holyrood Power Limited
Notes to the financial statements
Year ended 31 January 2023
1. General information
The company is a private company limited by shares, registered in the UK. The address of the registered office is 7 Bell Yard, London, England, WC2A 2JR.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The company meets its day to day working capital requirements through the continued support of itsshareholder for the foreseeable future, and at least 12 months from the date of signing these financialstatements. On this basis the director considers that it is appropriate to prepare the financial statements on the going concern basis.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
4. Called up share capital
Issued, called up and fully paid
2023 2022
No £ No £
Amounts presented in equity:
Ordinary shares of £ 0.01 each 100 1 100 1
_______ _______ _______ _______
Amounts presented in liabilities:
Ordinary shares of £ 0.01 each 100 1 100 1
_______ _______ _______ _______
5. Related party transactions
The director Mr D Fyffe has lent the company money to assist with working capital requirements. As at 31 January 2023 the balance of this loan amounted to £47,082 (2022 : £47,082). Mr D Fyffe is a director and 100% shareholder of Capbal Limited. At the end of the year company owed £2,429 (2022 : £2,429) to Capbal Limited. Mr D Fyffe is also a director and 100% shareholder of Scottow Moor Solar 2 Limited. Mr D Fyffe is also a director and 100% shareholder of Bloomfield Ventures Limited.
6. Controlling party
The company is controled by Mr D Fyffe, the director of the company.