Caseware UK (AP4) 2022.0.179 2022.0.179 false2022-03-01No description of principal activity55truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13172603 2022-03-01 2023-02-28 13172603 2021-02-02 2022-02-28 13172603 2023-02-28 13172603 2022-02-28 13172603 c:Director1 2022-03-01 2023-02-28 13172603 c:Director2 2022-03-01 2023-02-28 13172603 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 13172603 d:CurrentFinancialInstruments d:WithinOneYear 2022-02-28 13172603 d:ShareCapital 2023-02-28 13172603 d:ShareCapital 2022-02-28 13172603 d:RetainedEarningsAccumulatedLosses 2023-02-28 13172603 d:RetainedEarningsAccumulatedLosses 2022-02-28 13172603 c:OrdinaryShareClass1 2022-03-01 2023-02-28 13172603 c:OrdinaryShareClass1 2023-02-28 13172603 c:OrdinaryShareClass1 2022-02-28 13172603 c:FRS102 2022-03-01 2023-02-28 13172603 c:AuditExempt-NoAccountantsReport 2022-03-01 2023-02-28 13172603 c:FullAccounts 2022-03-01 2023-02-28 13172603 c:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 13172603










WALK BARN RENEWABLE ENERGY LIMITED

Unaudited
Financial statements
Information for filing with the registrar
For the year ended 28 February 2023

 
WALK BARN RENEWABLE ENERGY LIMITED
Registered number: 13172603

Balance Sheet
As at 28 February 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors
  
4,789
100

  
4,789
100

Creditors: amounts falling due within one year
  
(48,803)
(13,464)

Net current liabilities
  
 
 
(44,014)
 
 
(13,364)

Total assets less current liabilities
  
(44,014)
(13,364)

  

Net liabilities
  
(44,014)
(13,364)


Capital and reserves
  

Called up share capital 
 4 
100
100

Profit and loss account
  
(44,114)
(13,464)

  
(44,014)
(13,364)


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year 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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 income and retained earnings 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 on 28 November 2023.




P M Village
A H Village
Director
Director

The notes on pages 2 to 3 form part of these financial statements.

Page 1

 
WALK BARN RENEWABLE ENERGY LIMITED
 

 
Notes to the Financial Statements
For the year ended 28 February 2023

1.


General information

Walk Barn Renewable Energy Limited is a company limited by shares incorporated in England within the United Kingdom.The address of the registered office is given in the company information on page 1 of these financial statements.
The financial statements are presented in sterling which is the functional currency of the company.

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 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

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

 
2.3

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.

 
2.4

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.

 
2.5

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.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, 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.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans 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. Discounting is
Page 2

 
WALK BARN RENEWABLE ENERGY LIMITED
 

 
Notes to the Financial Statements
For the year ended 28 February 2023

2.Accounting policies (continued)


2.5
Financial instruments (continued)

omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Employees

The average monthly number of employees, including the directors, during the year was as follows:


        2023
        2022
            No.
            No.







Administration
5
5


4.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 -100) Ordinary shares of £1.00 each
100
100



5.


Related party transactions

During the year the company expenses were paid by a company controlled by the directors. The total amount of expenditure in the year was £38,340 (2022 : £3,400). The amount owed by the company at the financial year end was £41,740 (2022 : £3,400).


6.


Controlling party

The company is controlled by P M Village and A H Village by virtue of their holding of 100% of the issued share capital in equal shares.


Page 3