Registered number |
Company Information |
Directors |
Accountants |
Tyrone Accountancy Services |
8-10 Church Street |
Omagh |
Co. Tyrone |
BT78 1DG |
Bankers |
4-8 High Street |
Belfast |
Country Antrim |
BT1 2BA |
Solicitors |
21 Arthur Street |
Belfast |
Country Antrim |
BT1 4GA |
Registered office |
21 Arthur Street |
Belfast |
Country Antrim |
BT1 4GA |
Registered number |
Registered number: | |||||||
Balance Sheet | |||||||
as at |
|||||||
Notes | 2023 | 2022 | |||||
£ | £ | ||||||
Fixed assets | |||||||
Tangible assets | 3 | ||||||
Current assets | |||||||
Debtors | 4 | ||||||
Cash at bank and in hand | |||||||
Creditors: amounts falling due within one year | 5 | ( |
( |
||||
Net current liabilities | ( |
( |
|||||
Net liabilities | ( |
( |
|||||
Capital and reserves | |||||||
Called up, issued and fully paid share capital | |||||||
Profit and loss account | ( |
( |
|||||
Shareholders' funds | 8 | ( |
( |
||||
The profit and loss account has not been delivered to the Registrar of Companies under section 444 of the Companies Act 2006. | |||||||
The notes on pages 6 to 9 form an integral part of the accounts. | |||||||
Steffen Schmidt | Barry Corcoran | ||||||
Director | Director | ||||||
Approved by the board on |
Approved by the board on 27 September 2023 | ||||||
Ian Greer | |||||||
Director | |||||||
Approved by the board on 27 September 2023 | |||||||
Notes to the Accounts | ||||||||
for the year ended |
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1 | Accounting policies | |||||||
Basis of preparation | ||||||||
The financial statements are presented in UK Sterling pounds (£). | ||||||||
Going concern | ||||||||
In carrying out their duties in respect of going concern, the directors have carried out a review of the company's financial position and cash flow forecast for a period of 12 months from the date of signing these financial statements. These have been a comprehensive review of revenue, expenditure and cash flows, taking into consideration business risks and uncertainties brought about by the current economic environment. Having taken all of the above factors into consideration, the directors have reached the conclusion that the company will continue to meet its day-to-day working capital requirements and continue to adapt the going concern basis of accounting in preparing the annual financial statements. |
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Turnover | ||||||||
Turnover includes revenue earned from the generation of electricity and trading of Renewable Obligation Certificates (ROC's). Accrued income is recognised in reference to the date of electricity generation. |
||||||||
Tangible fixed assets | ||||||||
Plant and machinery | 15% straight line | |||||||
Debtors | ||||||||
Creditors | ||||||||
Taxation | ||||||||
Financial instruments | ||||||||
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classes as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity. | ||||||||
Provisions | ||||||||
Foreign currency translation | ||||||||
2 | Employees | 2023 | 2022 | |||||
Number | Number | |||||||
Average number of persons employed by the company | ||||||||
3 | Tangible fixed assets | |||||||
Land and buildings | Wind turbines | Total | ||||||
£ | £ | £ | ||||||
Cost | ||||||||
At 1 April 2022 | ||||||||
At 31 March 2023 | ||||||||
Depreciation | ||||||||
At 1 April 2022 | - | |||||||
Charge for the year | - | |||||||
At 31 March 2023 | - | |||||||
Net book value | ||||||||
At 31 March 2023 | ||||||||
At 31 March 2022 | ||||||||
4 | Debtors | 2023 | 2022 | |||||
£ | £ | |||||||
Trade debtors | ||||||||
Deferred tax asset | ||||||||
Accrued income | 242,489 | 167,093 | ||||||
Deferred turbine costs | 3,920 | 3,920 | ||||||
Other debtors | - | |||||||
5 | Creditors: amounts falling due within one year | 2023 | 2022 | |||||
£ | £ | |||||||
Other loans | ||||||||
Trade creditors | ||||||||
Taxes and social security costs | ||||||||
Other creditors | ||||||||
6 | Provision for liabilities | |||||||
Deferred Taxation | ||||||||
£ | ||||||||
At 1 April 2022 | (157,710) | |||||||
Charged to the profit and loss | 36,823 | |||||||
At 31 March 2023 | (120,887) | |||||||
The provision for deferred taxation is made up as follows: | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
Accelerated capital allowances | (36,823) | 23,222 | ||||||
(36,823) | 23,222 | |||||||
7 | Directors' advances, credits and guarantees | |||||||
There were no transactions with the directors during the year. The balance owed to the directors remianed nil at the year end. The balances are interest free and repayable on demand. |
||||||||
8 | Statement of changes in equity | |||||||
The shareholders funds represents cumulative profits or losses, net of dividends paid, deferred tax adjustments. | ||||||||
9 | Other information | |||||||
ReEnPro Ltd is a private company limited by shares and incorporated in Northern Ireland. Its registered office is: | ||||||||
21 Arthur Street | ||||||||
Belfast | ||||||||
Country Antrim | ||||||||
BT1 4GA |