RPL Hydro Limited 07912828 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is the production of electricity from a hydro scheme Digita Accounts Production Advanced 6.30.9574.0 true true 07912828 2022-04-01 2023-03-31 07912828 2023-03-31 07912828 bus:OrdinaryShareClass1 2023-03-31 07912828 core:CurrentFinancialInstruments 2023-03-31 07912828 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 07912828 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 07912828 core:FurnitureFittingsToolsEquipment 2023-03-31 07912828 core:LandBuildings 2023-03-31 07912828 core:OtherPropertyPlantEquipment 2023-03-31 07912828 bus:SmallEntities 2022-04-01 2023-03-31 07912828 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 07912828 bus:AbridgedAccounts 2022-04-01 2023-03-31 07912828 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 07912828 bus:RegisteredOffice 2022-04-01 2023-03-31 07912828 bus:Director1 2022-04-01 2023-03-31 07912828 bus:Director2 2022-04-01 2023-03-31 07912828 bus:Director3 2022-04-01 2023-03-31 07912828 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 07912828 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 07912828 core:Buildings 2022-04-01 2023-03-31 07912828 core:FurnitureFittings 2022-04-01 2023-03-31 07912828 core:FurnitureFittingsToolsEquipment 2022-04-01 2023-03-31 07912828 core:LandBuildings 2022-04-01 2023-03-31 07912828 core:MotorCars 2022-04-01 2023-03-31 07912828 core:OtherPropertyPlantEquipment 2022-04-01 2023-03-31 07912828 core:PlantMachinery 2022-04-01 2023-03-31 07912828 countries:England 2022-04-01 2023-03-31 07912828 2022-03-31 07912828 core:FurnitureFittingsToolsEquipment 2022-03-31 07912828 core:LandBuildings 2022-03-31 07912828 core:OtherPropertyPlantEquipment 2022-03-31 07912828 2021-04-01 2022-03-31 07912828 2022-03-31 07912828 bus:OrdinaryShareClass1 2022-03-31 07912828 core:CurrentFinancialInstruments 2022-03-31 07912828 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 07912828 core:Non-currentFinancialInstruments core:AfterOneYear 2022-03-31 07912828 core:FurnitureFittingsToolsEquipment 2022-03-31 07912828 core:LandBuildings 2022-03-31 07912828 core:OtherPropertyPlantEquipment 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 07912828

RPL Hydro Limited

Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 March 2023

 

RPL Hydro Limited

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 7

 

RPL Hydro Limited

Company Information

Directors

Mr J T Raw

Mrs C L Raw

Mrs M T Raw

Registered office

14 St. Owen Street
Hereford
Herefordshire
HR1 2PL

Accountants

Oakleys Professional Limited
14 St Owen Street
Hereford
HR1 2PL

 

RPL Hydro Limited

(Registration number: 07912828)
Abridged Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

766,835

803,617

Current assets

 

Debtors

157,610

43,071

Cash at bank and in hand

 

175,950

115,553

 

333,560

158,624

Prepayments and accrued income

 

6,890

6,491

Creditors: Amounts falling due within one year

(99,411)

(88,163)

Net current assets

 

241,039

76,952

Total assets less current liabilities

 

1,007,874

880,569

Creditors: Amounts falling due after more than one year

(467,474)

(612,211)

Net assets

 

540,400

268,358

Capital and reserves

 

Retained earnings

540,400

268,358

Shareholders' funds

 

540,400

268,358

For the financial year ending 31 March 2023 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 year 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.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) 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. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 8 November 2023 and signed on its behalf by:
 

 

RPL Hydro Limited

(Registration number: 07912828)
Abridged Balance Sheet as at 31 March 2023

.........................................
Mr J T Raw
Director

.........................................
Mrs C L Raw
Director

.........................................
Mrs M T Raw
Director

     
 

RPL Hydro Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2023

1

General information

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

The address of its registered office is:
14 St. Owen Street
Hereford
Herefordshire
HR1 2PL
England

The principal place of business is:
Tyllwyd
Cwmystwyth
Aberystwyth
Ceredigion
SY23 4AG

These financial statements were authorised for issue by the Board on 8 November 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

RPL Hydro Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Turbine

5% reducing balance

Turbine building

5% reducing balance

Weir construction

5% reducing balance

Pipeline and calverts

5% reducing balance

Grid connection

5% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

 

RPL Hydro Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2023

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2022 - 3).

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 April 2022

288,440

751,107

238,294

1,277,841

At 31 March 2023

288,440

751,107

238,294

1,277,841

Depreciation

At 1 April 2022

109,673

276,789

87,762

474,224

Charge for the year

8,938

20,317

7,527

36,782

At 31 March 2023

118,611

297,106

95,289

511,006

Carrying amount

At 31 March 2023

169,829

454,001

143,005

766,835

At 31 March 2022

186,736

474,318

142,563

803,617

Included within the net book value of land and buildings above is £169,829 (2022 - £186,736) in respect of freehold land and buildings.
 

5

Share capital

Allotted, called up and fully paid shares

 

RPL Hydro Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2023

 

2023

2022

 

No.

£

No.

£

Ordinary of £1 each

1,000

1,000

1,000

1,000