Caseware UK (AP4) 2023.0.135 2023.0.135 2021-12-023trueEngineering activitiesfalsefalseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13777528 2021-12-01 13777528 2021-12-02 2022-12-31 13777528 2021-01-01 2021-12-01 13777528 2022-12-31 13777528 c:Director1 2021-12-02 2022-12-31 13777528 d:OfficeEquipment 2021-12-02 2022-12-31 13777528 d:OfficeEquipment 2022-12-31 13777528 d:OfficeEquipment d:OwnedOrFreeholdAssets 2021-12-02 2022-12-31 13777528 d:CurrentFinancialInstruments 2022-12-31 13777528 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 13777528 d:ShareCapital 2022-12-31 13777528 d:RetainedEarningsAccumulatedLosses 2022-12-31 13777528 c:OrdinaryShareClass1 2021-12-02 2022-12-31 13777528 c:OrdinaryShareClass1 2022-12-31 13777528 c:FRS102 2021-12-02 2022-12-31 13777528 c:AuditExempt-NoAccountantsReport 2021-12-02 2022-12-31 13777528 c:FullAccounts 2021-12-02 2022-12-31 13777528 c:PrivateLimitedCompanyLtd 2021-12-02 2022-12-31 13777528 e:PoundSterling 2021-12-02 2022-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13777528










Energy Development Group Limited








Unaudited

Financial statements

Information for filing with the registrar

For the period ended 31 December 2022

 
Energy Development Group Limited
Registered number: 13777528

Balance sheet
As at 31 December 2022

2022
Note
£

Fixed assets
  

Tangible assets
 4 
312

  
312

Current assets
  

Debtors: amounts falling due within one year
 5 
30,505

Cash at bank and in hand
  
120,706

  
151,211

Creditors: amounts falling due within one year
 7 
(407,107)

Net current (liabilities)/assets
  
 
 
(255,896)

Total assets less current liabilities
  
(255,584)

  

Net (liabilities)/assets
  
(255,584)


Capital and reserves
  

Called up share capital 
  
100

Profit and loss account
  
(255,684)

  
(255,584)


The director considers 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 period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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 on 9 February 2024.




A P Lawrence
Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
Energy Development Group Limited
 

 
Notes to the financial statements
For the period ended 31 December 2022

1.


General information

Energy Development Group Limited (Company number 13777528) is a limited liability company incorporated in England and Wales. The address of the company's principal place of business is 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ.

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

Going concern

There are net liabilities of £255,584 and the financial statements have been prepared on a going concern basis. This is because the company is suuported by investment capital which the company is not due to repay until the company is in a position to do so and is able to its liabiluities in the ordinary course of business.

 
2.3

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:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

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. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 2

 
Energy Development Group Limited
 

 
Notes to the financial statements
For the period ended 31 December 2022

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
33%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

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.

 
2.7

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.

 
2.8

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.


3.


Employees

The average monthly number of employees, including directors, during the period was 3.

Page 3

 
Energy Development Group Limited
 

 
Notes to the financial statements
For the period ended 31 December 2022

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


Additions
337



At 31 December 2022

337



Depreciation


Charge for the period on owned assets
25



At 31 December 2022

25



Net book value



At 31 December 2022
312


5.


Debtors

2022
£


Other debtors
30,505

30,505



6.


Cash and cash equivalents

2022
£

Cash at bank and in hand
120,706

120,706



7.


Creditors: Amounts falling due within one year

2022
£

Other loans
350,000

Other taxation and social security
45,920

Other creditors
9,587

Accruals and deferred income
1,600

407,107


Page 4

 
Energy Development Group Limited
 

 
Notes to the financial statements
For the period ended 31 December 2022

8.


Share capital

2022
£
Allotted, called up and fully paid


100 Ordinary shares of £1.00 each
100


On incorporation 100 Ordinary shares, with a nominal value of £1, were issued at par. 


Page 5