Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-312022-12-310TBC by client2022-09-01false9falsetrue 13567435 2022-09-01 2022-12-31 13567435 2021-08-31 2022-08-31 13567435 2022-12-31 13567435 2022-08-31 13567435 2021-08-31 13567435 2 2022-09-01 2022-12-31 13567435 2 2021-08-31 2022-08-31 13567435 1 2022-09-01 2022-12-31 13567435 e:Director2 2022-09-01 2022-12-31 13567435 e:Director3 2022-09-01 2022-12-31 13567435 e:Director4 2022-09-01 2022-12-31 13567435 e:Director5 2022-09-01 2022-12-31 13567435 e:Director6 2022-09-01 2022-12-31 13567435 e:Director7 2022-09-01 2022-12-31 13567435 e:Director8 2022-09-01 2022-12-31 13567435 e:Director9 2022-09-01 2022-12-31 13567435 e:RegisteredOffice 2022-09-01 2022-12-31 13567435 d:CurrentFinancialInstruments 2022-12-31 13567435 d:CurrentFinancialInstruments 2022-08-31 13567435 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 13567435 d:CurrentFinancialInstruments d:WithinOneYear 2022-08-31 13567435 d:ShareCapital 2022-09-01 2022-12-31 13567435 d:ShareCapital 2022-12-31 13567435 d:ShareCapital 2021-08-31 2022-08-31 13567435 d:ShareCapital 2022-08-31 13567435 d:ShareCapital 2021-08-31 13567435 d:SharePremium 2022-09-01 2022-12-31 13567435 d:SharePremium 2022-12-31 13567435 d:SharePremium 2 2022-09-01 2022-12-31 13567435 d:SharePremium 2021-08-31 2022-08-31 13567435 d:SharePremium 2022-08-31 13567435 d:SharePremium 2021-08-31 13567435 d:SharePremium 2 2021-08-31 2022-08-31 13567435 d:CapitalRedemptionReserve 2022-09-01 2022-12-31 13567435 d:OtherMiscellaneousReserve 2022-09-01 2022-12-31 13567435 d:OtherMiscellaneousReserve 2022-12-31 13567435 d:OtherMiscellaneousReserve 2 2022-09-01 2022-12-31 13567435 d:OtherMiscellaneousReserve 2022-08-31 13567435 d:OtherMiscellaneousReserve 2021-08-31 13567435 d:OtherMiscellaneousReserve 2 2021-08-31 2022-08-31 13567435 d:RetainedEarningsAccumulatedLosses 2022-09-01 2022-12-31 13567435 d:RetainedEarningsAccumulatedLosses 2022-12-31 13567435 d:RetainedEarningsAccumulatedLosses 2 2022-09-01 2022-12-31 13567435 d:RetainedEarningsAccumulatedLosses 2021-08-31 2022-08-31 13567435 d:RetainedEarningsAccumulatedLosses 2022-08-31 13567435 d:RetainedEarningsAccumulatedLosses 2021-08-31 13567435 d:RetainedEarningsAccumulatedLosses 2 2021-08-31 2022-08-31 13567435 e:OrdinaryShareClass1 2022-09-01 2022-12-31 13567435 e:OrdinaryShareClass1 2022-12-31 13567435 e:OrdinaryShareClass1 2022-08-31 13567435 e:FRS102 2022-09-01 2022-12-31 13567435 e:AuditExemptWithAccountantsReport 2022-09-01 2022-12-31 13567435 e:FullAccounts 2022-09-01 2022-12-31 13567435 e:PrivateLimitedCompanyLtd 2022-09-01 2022-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13567435









MOR GLAS WIND FARM LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2022

 
MOR GLAS WIND FARM LTD
 
 
COMPANY INFORMATION


Directors
D Tudor 
J G Kidd 
N Kenny 
T V Gartner 
S Campbell 
S Bull 
E Brackman 
H J Alfstad 




Registered number
13567435



Registered office
2nd Floor, Pier House

Pier Road

Pembroke Dock

Pembrokeshire

SA72 6TR




Accountants
Grant Thornton UK LLP
Chartered Accountants

Royal Liver Building

Liverpool

L3 1PS





 
MOR GLAS WIND FARM LTD
 

CONTENTS



Page
Accountants' report
1
Statement of financial position
2 - 3
Statement of changes in equity
4
Notes to the financial statements
5 - 9

  
  img7f3f.png
Report to the Directors on the preparation of the unaudited statutory financial statements of Mor Glas Wind Farm Ltd for the period ended 31 December 2022 

We have compiled the accompanying financial statements of Mor Glas Wind Farm Ltd (the ‘Company’)  based on the information you have provided. These financial statements comprise the Statement of financial position of the Company as at 31 December 2022, the Statement of changes in equity for the period then ended, and a summary of significant accounting policies and other explanatory information. 

We performed this compilation engagement in accordance with International Standard on Related Services 4410 (Revised), 'Compilation Engagements'.

We have applied our expertise in accounting and financial reporting to assist you in the preparation and presentation of these financial statements in accordance with applicable law and United Kingdom Accounting Standardsincluding Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice). As a member firm of the Institute of Chartered Accountants in England and Waleswe are subject to its ethical and other professional requirements which are detailed at www.icaew.com

These financial statements and the accuracy and completeness of the information used to compile them are your responsibility.

Since a compilation engagement is not an assurance engagement, we are not required to verify the accuracy or completeness of the information you provided to us to compile these financial statements. Accordingly, we do not express an audit opinion or a review conclusion on whether these financial statements are prepared in accordance with United Kingdom Generally Accepted Accounting Practice.

This report is made solely to the Company's directors, as a body,  in accordance with the terms of our engagement letter dated 1 September 2023Our work has been undertaken solely to prepare for your approval the financial statements of the Company and state those matters that we have agreed to state to the Company's directors, as a body,  in this report in accordance with our engagement letter dated 1 September 2023. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and its directors, as a body,  for our work or for this report.




Grant Thornton UK LLP
 
Chartered Accountants
  
Liverpool

16 November 2023
Page 1

 
MOR GLAS WIND FARM LTD
REGISTERED NUMBER: 13567435

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2022

31 December
As restated 31 August
2022
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 5 
6,800
1,900

Cash at bank and in hand
  
129,573
166,950

  
136,373
168,850

Creditors: amounts falling due within one year
 6 
(19,146)
-

Net current assets
  
 
 
117,227
 
 
168,850

Total assets less current liabilities
  
117,227
168,850

  

Net assets
  
117,227
168,850

Page 2

 
MOR GLAS WIND FARM LTD
REGISTERED NUMBER: 13567435
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2022

31 December
31 August
2022
2022
Note
£
£

Capital and reserves
  

Called up share capital 
 7,8 
141
100

Share premium account
 8 
173,059
-

Shares to be issued
 8 
-
173,100

Profit and loss account
 8 
(55,973)
(4,350)

Shareholders' funds
  
117,227
168,850


The Directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006.

The members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




J G Kidd
Director

Date: 14 November 2023

The notes on pages 5 to 9 form part of these financial statements.
Page 3

 
MOR GLAS WIND FARM LTD
 

STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 DECEMBER 2022


Called up share capital
Share premium account
Shares to be issued
Profit and loss account
Shareholders' funds

£
£
£
£
£


At 16 August 2021
-
-
-
-
-


Comprehensive expense for the period

Loss for the period
-
-
-
(4,350)
(4,350)


Contributions by and distributions to owners

Shares issued during the period
100
-
-
-
100

Consideration received (as restated - note 3)
-
-
173,100
-
173,100



At 1 September 2022
100
-
173,100
(4,350)
168,850


Comprehensive expense for the period

Loss for the period
-
-
-
(51,623)
(51,623)


Contributions by and distributions to owners

Shares issued during the period
41
173,059
-
-
173,100

Transfer to called up share capital and share premium account
-
-
(173,100)
-
(173,100)


At 31 December 2022
141
173,059
-
(55,973)
117,227


The notes on pages 5 to 9 form part of these financial statements.
Page 4

 
MOR GLAS WIND FARM LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

1.


General information

Mor Glas Wind Farm Limited ("the Company") is a private company limited by shares and incorporated in England and Wales. Registered number: 13567435. Its registered head office is located at 2nd Floor, Pier House, Pier Road, Pembroke Dock, Pembrokeshire, SA72 6TR, United Kingdom.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

  
2.2

Accounting period

These financial statements cover the period from 1 September 2022 to 31 December 2022. The accounting reference date was shortened to align with that of an affiliated company. The prior period financial statements were prepared for the period from incorporation on 16 August 2021 to 31 August 2022. Therefore, the comparative period figures in these financial statements are not directly comparable. 

 
2.3

Going concern

The Company has net assets at the reporting date of £117,227 (as restated 31 August 2022: £168,850). The Company is dependent on continued financial support from fellow affiliated companies in order to meet its liabilities as they fall due, which the Company will receive for a period of at least 12 months from the date of this report being approved and signed, and the Directors have satisfied themselves that they have sufficient resources to do so. The Directors therefore deem it appropriate to prepare the financial statements on a going concern basis.

 
2.4

Foreign currency translation

Functional and presentation currency

The Company's functional currency and presentation currency is GBP and amounts included in these financial statements are rounded to the nearest pound.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss.

Page 5

 
MOR GLAS WIND FARM LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

  
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount.

  
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

 
2.7

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

  
2.11

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments. 
Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.
Page 6

 
MOR GLAS WIND FARM LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

  
2.11

Financial instruments (continued)

Basic financial assets
Basic financial assets, which include debtors, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
At the end of each reporting period financial assets measured at amortised cost are assessed for  objective evidence of impairment. If an asset is impaired the impairment loss is the difference between  the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.
Basic financial liabilities
Basic financial liabilities, including creditors and loans from fellow group companies are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual  obligation is discharged, cancelled or expires.
Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


3.


Prior period adjustment

In the prior period financial statements, a prepayment of £1,800 was not accounted for. The amount is for rent paid in advance. The amount is now accounted for and presented as a prepayment within debtors (note 5) and the Company's profit and loss account has been adjusted accordingly. 
In the prior period financial statements, the shares to be issued reserve included the profit and loss account balance of £4,350 as at 31 August 2022. The amount is now accounted for and presented as profit and loss account within capital and reserves, increasing the shares to be issued reserve by £4,350.
In the prior period financial statements, the shares to be issued reserve also included amounts owed by group undertakings of £100. The amount is now accounted for and presented within debtors (note 5), increasing the shares to be issued reserve and debtors by £100. 
The loss for the period ended 31 August 2022 of £6,150 is now restated as loss for the period then ended of £4,350. Net assets for the period ended 31 August 2021 of £166,950 is now restated as net assets for the period ended of £168,850.

Page 7

 
MOR GLAS WIND FARM LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

4.


Employees

The Company has no employees (as restated period from 16 August 2021 to 31 August 2022: None) other than the directors, who did not receive any remuneration (as restated period from 16 August 2021 to 31 August 2022: £Nil).


5.


Debtors: amounts falling due within one year

31 December
As restated
31 August
2022
2022
£
£


Amounts owed by group undertakings (note 3)
100
100

Prepayments (note 3)
6,700
1,800

6,800
1,900


Amounts owed by group undertakings are unsecured, interest free and repayable on demand. 


6.


Creditors: amounts falling due within one year

31 December
31 August
2022
2022
£
£

Trade creditors
9,496
-

Accruals
9,650
-

19,146
-



7.


Called up share capital

31 December
31 August
2022
2022
£
£
Allotted, called up and fully paid



14,124 (31 August 2022: 100) Ordinary shares of £0.01 each (31 August 2022: £1.00 each)
141
100


Page 8

 
MOR GLAS WIND FARM LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

7.Called up share capital (continued)

On 10 November 2022, the Company passed a written resolution for the sub-division of its share capital. The Company's 100 Ordinary shares of £1.00 were subdivided into 10,000 Ordinary shares of £0.01 each. 
On 10 November 2022, the Company issued 3,530 Ordinary shares with a nominal value of £0.01 each for par value.
On 10 November 2022, the Company issued 594 Ordinary shares with a nominal value of £0.01 each for a total consideration of £173,065. 


8.


Capital and reserves

Called up share capital

Called up share capital represents the nominal value of shares issued.

Share premium account

Includes any premiums received on issue of share capital. Any transaction costs associated with the issuing of shares are deducted from share premium. 

Shares to be issued

Shares to be issued represents consideration received in advance of issuing share capital.

Profit and loss account

The profit and loss account represents cumulative profits, losses and total other comprehensive income made by the Company, including distributions to, and contributions from, the shareholders.


9.


Related party transactions

The Company had no related party transactions during the period (as restated period from 16 August 2021 to 31 August 2022: £Nil).


10.


Subsequent events

There have been no significant events affecting the Company since the reporting date.


11.


Ultimate parent undertaking and controlling party

The Company's ultimate parent undertaking and controlling party is Hiraeth Energy LLP, 2nd Floor, Pier House, Pier Road, Pembroke Dock, SA72 6TR, a limited liability partnership incorporated in England and Wales. Copies of Hiraeth Energy LLP company financial statements can be obtained from https://find-and-update .company-information .service.gov.uk /company/OC438429.

Page 9