Silverfin false 31/03/2023 01/04/2022 31/03/2023 P A Stone 10/04/2014 R A J Stone 29/09/2011 30 October 2023 The principal activity of the company during the financial year was the production of electricity via wind turbines. 07791096 2023-03-31 07791096 bus:Director1 2023-03-31 07791096 bus:Director2 2023-03-31 07791096 2022-03-31 07791096 core:CurrentFinancialInstruments 2023-03-31 07791096 core:CurrentFinancialInstruments 2022-03-31 07791096 core:Non-currentFinancialInstruments 2023-03-31 07791096 core:Non-currentFinancialInstruments 2022-03-31 07791096 core:ShareCapital 2023-03-31 07791096 core:ShareCapital 2022-03-31 07791096 core:RetainedEarningsAccumulatedLosses 2023-03-31 07791096 core:RetainedEarningsAccumulatedLosses 2022-03-31 07791096 core:LandBuildings 2022-03-31 07791096 core:OtherPropertyPlantEquipment 2022-03-31 07791096 core:LandBuildings 2023-03-31 07791096 core:OtherPropertyPlantEquipment 2023-03-31 07791096 bus:OrdinaryShareClass1 2023-03-31 07791096 2022-04-01 2023-03-31 07791096 bus:FullAccounts 2022-04-01 2023-03-31 07791096 bus:SmallEntities 2022-04-01 2023-03-31 07791096 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 07791096 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 07791096 bus:Director1 2022-04-01 2023-03-31 07791096 bus:Director2 2022-04-01 2023-03-31 07791096 core:LandBuildings core:TopRangeValue 2022-04-01 2023-03-31 07791096 core:OtherPropertyPlantEquipment core:TopRangeValue 2022-04-01 2023-03-31 07791096 2021-04-01 2022-03-31 07791096 core:LandBuildings 2022-04-01 2023-03-31 07791096 core:OtherPropertyPlantEquipment 2022-04-01 2023-03-31 07791096 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 07791096 bus:OrdinaryShareClass1 2021-04-01 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 07791096 (England and Wales)

TREVINCE ENERGY LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2023
Pages for filing with the registrar

TREVINCE ENERGY LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2023

Contents

TREVINCE ENERGY LIMITED

COMPANY INFORMATION

For the financial year ended 31 March 2023
TREVINCE ENERGY LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 March 2023
DIRECTORS P A Stone
R A J Stone
REGISTERED OFFICE Trevince
Gwennap
Redruth
TR16 6BA
United Kingdom
COMPANY NUMBER 07791096 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Lowin House
Tregolls Road
Truro
Cornwall TR1 2NA
TREVINCE ENERGY LIMITED

BALANCE SHEET

As at 31 March 2023
TREVINCE ENERGY LIMITED

BALANCE SHEET (continued)

As at 31 March 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 279,067 311,356
279,067 311,356
Current assets
Debtors 4 41,710 39,716
Cash at bank and in hand 77,411 188,509
119,121 228,225
Creditors: amounts falling due within one year 5 ( 175,822) ( 184,794)
Net current (liabilities)/assets (56,701) 43,431
Total assets less current liabilities 222,366 354,787
Creditors: amounts falling due after more than one year 6 0 ( 178,729)
Provision for liabilities ( 52,017) ( 47,564)
Net assets 170,349 128,494
Capital and reserves
Called-up share capital 7 1 1
Profit and loss account 170,348 128,493
Total shareholder's funds 170,349 128,494

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 financial statements of Trevince Energy Limited (registered number: 07791096) were approved and authorised for issue by the Board of Directors on 30 October 2023. They were signed on its behalf by:

P A Stone
Director
TREVINCE ENERGY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
TREVINCE ENERGY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Trevince Energy Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Trevince, Gwennap, Redruth, TR16 6BA, United Kingdom.

The financial statements have been prepared under the historical cost convention in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of electricity. Feed in tariffs in respect of the generation of electricity are recognised when generated. Export tariffs in respect of the export of electricity are recognised on export.

Taxation

Current tax
Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax
Deferred tax is recognised on all timing differences at the balance sheet date unless indicated below. Timing differences are differences between taxable profits and the results as stated in the profit and loss account and other comprehensive income. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

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

Land and buildings 50 years straight line
Plant and machinery etc. 20 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Financial instruments

The company holds the following financial instruments:
• Short term trade and other debtors and creditors;
• Bank loans; and
• Cash and bank balances.
All financial instruments are classified as basic.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Except for bank loans, such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

Bank loans are initially measured at transaction price, including transaction costs, and are subsequently carried at amortised cost using the effective interest method.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2023 2022
Number Number
The company does not directly employ any staff 0 0

3. Tangible assets

Land and buildings Plant and machinery etc. Total
£ £ £
Cost
At 01 April 2022 11,130 641,318 652,448
At 31 March 2023 11,130 641,318 652,448
Accumulated depreciation
At 01 April 2022 1,181 339,911 341,092
Charge for the financial year 223 32,066 32,289
At 31 March 2023 1,404 371,977 373,381
Net book value
At 31 March 2023 9,726 269,341 279,067
At 31 March 2022 9,949 301,407 311,356

Included within the net book value of land & buildings is £9,726 (2022 - £9,949) in respect of freehold land & buildings.

4. Debtors

2023 2022
£ £
Trade debtors 36,024 36,180
Other debtors 5,686 3,536
41,710 39,716

5. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans 0 19,616
Trade creditors 1,736 0
Accruals 4,195 1,721
Taxation and social security 6,835 401
Other creditors 163,056 163,056
175,822 184,794

6. Creditors: amounts falling due after more than one year

2023 2022
£ £
Bank loans 0 178,729

7. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
1 Ordinary share of £ 1.00 1 1

8. Related party transactions

Other related party transactions

2023 2022
£ £
Loan from company under common control 95,000 95,000

Other creditors include a loan totalling £95,000 (2022 - £95,000) from a company under common control, which was outstanding at the year end. No interest was charged on the loan during the year.