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REGISTERED NUMBER: 07650887 (England and Wales)







Unaudited Financial Statements

for the Year Ended 28 February 2023

for

Solarsense (UK) Property Limited

Solarsense (UK) Property Limited (Registered number: 07650887)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Solarsense (UK) Property Limited

Company Information
for the Year Ended 28 February 2023







DIRECTORS: S A Barrett
R Mees
R J Sturge





SECRETARY: S A Barrett





REGISTERED OFFICE: Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
BS32 4JY





REGISTERED NUMBER: 07650887 (England and Wales)





ACCOUNTANTS: Dunkley's
Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
BS32 4JY

Solarsense (UK) Property Limited (Registered number: 07650887)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Investments 4 1,500,000 1,500,000

CURRENT ASSETS
Debtors 5 38,459 55,328
Cash at bank 467 467
38,926 55,795
CREDITORS
Amounts falling due within one year 6 180,000 195,869
NET CURRENT LIABILITIES (141,074 ) (140,074 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,358,926 1,359,926

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings 1,357,926 1,358,926
SHAREHOLDERS' FUNDS 1,358,926 1,359,926

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 1 November 2023 and were signed on its behalf by:





S A Barrett - Director


Solarsense (UK) Property Limited (Registered number: 07650887)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Solarsense (UK) Property Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements
The financial statements contain information about Solarsense (UK) Property Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 March 2022
and 28 February 2023 2,002,250
PROVISIONS
At 1 March 2022
and 28 February 2023 502,250
NET BOOK VALUE
At 28 February 2023 1,500,000
At 28 February 2022 1,500,000

Solarsense (UK) Property Limited (Registered number: 07650887)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Amounts owed by group undertakings 32,376 34,328
Directors' current accounts 6,083 21,000
38,459 55,328

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Other creditors 180,000 180,000
Directors' current accounts - 15,869
180,000 195,869

7. SECURED DEBTS

A cross guarantee exists between this company and the subsidiary Solarsense (UK) Limited for all bank balances.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
100,000 Ordinary £0.01 1,000 1,000

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2023 and 28 February 2022:

28.2.23 28.2.22
£    £   
S A Barrett
Balance outstanding at start of year 21,000 21,000
Amounts advanced 5,131 -
Amounts repaid (21,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 5,131 21,000

All balances are unsecured, interest-free and repaid within nine months of the year-end.

10. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.