Silverfin false 31/03/2023 01/04/2022 31/03/2023 M H Well 29/02/2012 B M Whell 29/02/2012 16 November 2023 The principal activity of the company is that of generating and selling solar energy. 07969178 2023-03-31 07969178 bus:Director1 2023-03-31 07969178 bus:Director2 2023-03-31 07969178 2022-03-31 07969178 core:CurrentFinancialInstruments 2023-03-31 07969178 core:CurrentFinancialInstruments 2022-03-31 07969178 core:ShareCapital 2023-03-31 07969178 core:ShareCapital 2022-03-31 07969178 core:RetainedEarningsAccumulatedLosses 2023-03-31 07969178 core:RetainedEarningsAccumulatedLosses 2022-03-31 07969178 core:PlantMachinery 2022-03-31 07969178 core:PlantMachinery 2023-03-31 07969178 bus:OrdinaryShareClass1 2023-03-31 07969178 2022-04-01 2023-03-31 07969178 bus:FullAccounts 2022-04-01 2023-03-31 07969178 bus:SmallEntities 2022-04-01 2023-03-31 07969178 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 07969178 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 07969178 bus:Director1 2022-04-01 2023-03-31 07969178 bus:Director2 2022-04-01 2023-03-31 07969178 core:PlantMachinery core:TopRangeValue 2022-04-01 2023-03-31 07969178 2021-04-01 2022-03-31 07969178 core:PlantMachinery 2022-04-01 2023-03-31 07969178 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 07969178 bus:OrdinaryShareClass1 2021-04-01 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 07969178 (England and Wales)

LEYONNE ENERGY LIMITED

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

LEYONNE ENERGY LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2023

Contents

LEYONNE ENERGY LIMITED

COMPANY INFORMATION

For the financial year ended 31 March 2023
LEYONNE ENERGY LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 March 2023
DIRECTORS M H Well
B M Whell
SECRETARY B M Whell
REGISTERED OFFICE Lowin House
Tregolls Road
Truro
Cornwall
TR1 2NA
United Kingdom
BUSINESS ADDRESS The Directors
Leyonne Farm
Golant
Fowey
Cornwall
PL23 1LA
COMPANY NUMBER 07969178 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Lowin House
Tregolls Road
Truro
Cornwall TR1 2NA
LEYONNE ENERGY LIMITED

BALANCE SHEET

As at 31 March 2023
LEYONNE ENERGY LIMITED

BALANCE SHEET (continued)

As at 31 March 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 56,935 61,008
56,935 61,008
Current assets
Debtors 4 20,012 8,150
Cash at bank and in hand 14,969 19,442
34,981 27,592
Creditors: amounts falling due within one year 5 ( 15,637) ( 11,984)
Net current assets 19,344 15,608
Total assets less current liabilities 76,279 76,616
Provision for liabilities ( 6,759) ( 5,551)
Net assets 69,520 71,065
Capital and reserves
Called-up share capital 6 100 100
Profit and loss account 69,420 70,965
Total shareholders' funds 69,520 71,065

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 Leyonne Energy Limited (registered number: 07969178) were approved and authorised for issue by the Board of Directors on 16 November 2023. They were signed on its behalf by:

M H Well
Director
LEYONNE ENERGY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
LEYONNE 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

Leyonne 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 Lowin House, Tregolls Road, Truro,, Cornwall, TR1 2NA, United Kingdom. The principal place of business is The Directors, Leyonne Farm, Golant, Fowey, Cornwall, PL23 1LA.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and 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 £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Plant and machinery 25 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, other than those measured at fair value, 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 Statement of Income and Retained Earnings as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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 Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

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
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Plant and machinery Total
£ £
Cost
At 01 April 2022 101,841 101,841
At 31 March 2023 101,841 101,841
Accumulated depreciation
At 01 April 2022 40,833 40,833
Charge for the financial year 4,073 4,073
At 31 March 2023 44,906 44,906
Net book value
At 31 March 2023 56,935 56,935
At 31 March 2022 61,008 61,008

4. Debtors

2023 2022
£ £
Trade debtors 20,012 8,150

5. Creditors: amounts falling due within one year

2023 2022
£ £
Accruals 887 886
Taxation and social security 10,637 6,648
Other creditors 4,113 4,450
15,637 11,984

6. Called-up share capital and reserves

2023 2022
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100
Allotted, called-up and not yet paid
Presented as follows:
Called-up share capital presented as equity 100 100