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REGISTERED NUMBER: 09458989 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

HEY RENEWABLES LIMITED

HEY RENEWABLES LIMITED (REGISTERED NUMBER: 09458989)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HEY RENEWABLES LIMITED

COMPANY INFORMATION
For The Year Ended 31 March 2023







DIRECTORS: Mr T B Hey
Mrs D L Hey





REGISTERED OFFICE: Equinox House
Clifton Park, Shipton Road
York
Yorkshire
YO30 5PA





REGISTERED NUMBER: 09458989 (England and Wales)





ACCOUNTANTS: Fortus North Limited
Equinox House
Clifton Park, Shipton Road
York
Yorkshire
YO30 5PA

HEY RENEWABLES LIMITED (REGISTERED NUMBER: 09458989)

BALANCE SHEET
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 951,854 1,015,318

CURRENT ASSETS
Debtors 5 153,086 114,871
Cash at bank 73,196 95,712
226,282 210,583
CREDITORS
Amounts falling due within one year 6 229,912 245,284
NET CURRENT LIABILITIES (3,630 ) (34,701 )
TOTAL ASSETS LESS CURRENT LIABILITIES 948,224 980,617

CREDITORS
Amounts falling due after more than
one year

7

(276,015

)

(448,796

)

PROVISIONS FOR LIABILITIES (122,241 ) (121,974 )
NET ASSETS 549,968 409,847

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 548,968 408,847
549,968 409,847

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

HEY RENEWABLES LIMITED (REGISTERED NUMBER: 09458989)

BALANCE SHEET - continued
31 March 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 July 2023 and were signed on its behalf by:




Mr T B Hey - Director



Mrs D L Hey - Director


HEY RENEWABLES LIMITED (REGISTERED NUMBER: 09458989)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2023


1. STATUTORY INFORMATION

Hey Renewables 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 Hey Renewables Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, Hey Farming Limited, .

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - nil
Plant and machinery etc - Straight line over 21 years

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

HEY RENEWABLES LIMITED (REGISTERED NUMBER: 09458989)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2022
and 31 March 2023 12,949 1,402,470 1,415,419
DEPRECIATION
At 1 April 2022 - 400,101 400,101
Charge for year - 63,464 63,464
At 31 March 2023 - 463,565 463,565
NET BOOK VALUE
At 31 March 2023 12,949 938,905 951,854
At 31 March 2022 12,949 1,002,369 1,015,318

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 139,882 72,371
Other debtors 13,204 42,500
153,086 114,871

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 180,551 180,551
Trade creditors 321 36,940
Amounts owed to group undertakings 5,959 5,329
Taxation and social security 41,126 19,964
Other creditors 1,955 2,500
229,912 245,284

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 276,015 448,796

HEY RENEWABLES LIMITED (REGISTERED NUMBER: 09458989)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2023


8. RELATED PARTY DISCLOSURES

The parent company of Hey Renewables Limited is Hey Farming Limited and it's registered office is Equinox House Clifton Park Avenue, Shipton Road, York, North Yorkshire, England, YO30 5PA. The principal place of business is Fir Tree Farm, Gateforth, Selby, North Yorkshire, YO8 9LF.

As at the reporting date, amounts due to Hey Farming Limited were in the sum of £5,959 (2022: £5,329).