REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 December 2022 |
for |
Knowsley Net Zero Ltd |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 December 2022 |
for |
Knowsley Net Zero Ltd |
Knowsley Net Zero Ltd (Registered number: 13394387) |
Contents of the Financial Statements |
for the Year Ended 31 December 2022 |
Page |
Company information | 1 |
Chartered accountants' report | 2 |
Statement of financial position | 3 |
Notes to the financial statements | 4 | to | 5 |
Knowsley Net Zero Ltd |
Company Information |
for the Year Ended 31 December 2022 |
Directors: |
Registered office: |
Registered number: |
Accountants: |
27 Market Place |
Market Deeping |
Peterborough |
Cambs |
PE6 8EA |
Chartered Accountants' Report to the Board of Directors |
on the Unaudited Financial Statements of |
Knowsley Net Zero Ltd |
The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of financial position. Readers are cautioned that the Income statement and certain other primary statements and the Report of the directors are not required to be filed with the Registrar of Companies. |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Knowsley Net Zero Ltd for the year ended 31 December 2022 which comprise the Income statement, Statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. |
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
This report is made solely to the Board of Directors of Knowsley Net Zero Ltd, as a body, in accordance with the terms of our engagement letter dated 14 May 2021. Our work has been undertaken solely to prepare for your approval the financial statements of Knowsley Net Zero Ltd and state those matters that we have agreed to state to the Board of Directors of Knowsley Net Zero Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Knowsley Net Zero Ltd and its Board of Directors, as a body, for our work or for this report. |
It is your duty to ensure that Knowsley Net Zero Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Knowsley Net Zero Ltd. You consider that Knowsley Net Zero Ltd is exempt from the statutory audit requirement for the year. |
We have not been instructed to carry out an audit or a review of the financial statements of Knowsley Net Zero Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
27 Market Place |
Market Deeping |
Peterborough |
Cambs |
PE6 8EA |
Knowsley Net Zero Ltd (Registered number: 13394387) |
Statement of Financial Position |
31 December 2022 |
2022 | 2021 |
Notes | £ | £ |
Current assets |
Debtors | 5 |
Creditors |
Amounts falling due within one year | 6 |
Net current (liabilities)/assets | ( |
) |
Total assets less current liabilities | ( |
) |
Accruals and deferred income |
Net liabilities | ( |
) | ( |
) |
Capital and reserves |
Called up share capital |
Retained earnings | ( |
) | ( |
) |
( |
) | ( |
) |
The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
In accordance with Section 444 of the Companies Act 2006, the Income statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
Knowsley Net Zero Ltd (Registered number: 13394387) |
Notes to the Financial Statements |
for the Year Ended 31 December 2022 |
1. | Statutory information |
Knowsley Net Zero Ltd is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | Statement of compliance |
3. | Accounting policies |
Basis of preparing the financial statements |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
Land option |
The land option is initially measured at cost with the option to purchase within the next 36 months. |
If the option is exercised, the cost will be transferred to fixed assets. If the option is not exercised, the cost will be released to the income statement. |
4. | Employees and directors |
The average number of employees during the year was NIL (2021 - NIL). |
Knowsley Net Zero Ltd (Registered number: 13394387) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2022 |
5. | Debtors |
2022 | 2021 |
£ | £ |
Amounts falling due within one year: |
Amounts owed by parent |
Other debtors |
Amounts falling due after more than one year: |
Other debtors |
Aggregate amounts |
6. | Creditors: amounts falling due within one year |
2022 | 2021 |
£ | £ |
Trade creditors |
Amounts owed to parent |