REGISTERED NUMBER: |
Unaudited Financial Statements |
for the period |
1 December 2021 to 28 November 2022 |
for |
Eastham Bio Power Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the period |
1 December 2021 to 28 November 2022 |
for |
Eastham Bio Power Limited |
Eastham Bio Power Limited (Registered number: 09545668) |
Contents of the Financial Statements |
for the period 1 December 2021 to 28 November 2022 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Eastham Bio Power Limited |
Company Information |
for the period 1 December 2021 to 28 November 2022 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Datum House |
Electra Way |
Crewe |
Cheshire |
CW1 6ZF |
Eastham Bio Power Limited (Registered number: 09545668) |
Balance Sheet |
28 November 2022 |
2022 | 2021 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
The director acknowledges his 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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
Eastham Bio Power Limited (Registered number: 09545668) |
Notes to the Financial Statements |
for the period 1 December 2021 to 28 November 2022 |
1. | STATUTORY INFORMATION |
The company is a private company, limited by shares and is incorporated in England and Wales. The registered office address is Blythe House, Blythe Park, Cresswell, Stoke-On-Trent, Staffordshire, ST11 9RD. The company's registered number is 0954668. |
The functional and presentational currency of the financial statements is the Pound Sterling (£). Monetary amounts in these financial statements are rounded to the nearest £. |
2. | STATEMENT OF COMPLIANCE |
3. | ACCOUNTING POLICIES |
Summary of significant accounting policies |
The principal accounting policies applied in the preparation of these financial statements are set out below. |
These policies have been consistently applied to all years presented, unless otherwise stated. |
Basis of preparation |
The financial statements are prepared on the going concern basis under the historical cost convention and comply with the United Kingdom Accounting Standards and Companies Act 2006. |
Going concern |
As at 28 November 2022 the company owed £4.49m to its previous parent company Cogen Limited. Since the year end contingent deferred sale proceeds from the sale of an investment in a subsidiary company of £5.48m have been received and these have been utilised to settle the intercompany balance payable to Cogen Limited. |
No other material uncertainties that may cast significant doubt about the ability of the company to continue as a going concern have been identified by the director. |
On this basis the director considers it appropriate to prepare the financial statements on the going concern basis. |
Related party exemption |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
Financial instruments |
Financial instruments are measured at the undiscounted amount of the cash or other consideration expected to be paid or received. |
Financial assets are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income. |
Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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. |
Eastham Bio Power Limited (Registered number: 09545668) |
Notes to the Financial Statements - continued |
for the period 1 December 2021 to 28 November 2022 |
3. | ACCOUNTING POLICIES - continued |
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 period 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. |
Trade and other receivables within one year |
Trade and other receivables including amounts owing from group companies, with no stated interest rate are recorded at transaction price. |
Trade and other creditors |
Trade and other creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method. |
Cash and cash equivalents |
Cash and cash equivalents include cash on hand, demand and other short-term highly liquid investments with original maturities of three months or less that are readily convertible into known amounts of cash. |
Exceptional items |
The company classifies certain one-off charges or credits that have a material impact on the company's financial results as 'exceptional items'. These are disclosed separately to provide further understanding of the financial performance of the company. |
4. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was NIL (2021 - NIL). |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Trade creditors |
Amounts owed to group undertakings |
Other creditors |
Amounts owed to group companies are unsecured, interest free, have no fixed date of repayment and are repayable on demand. |
Eastham Bio Power Limited (Registered number: 09545668) |
Notes to the Financial Statements - continued |
for the period 1 December 2021 to 28 November 2022 |
7. | POST BALANCE SHEET EVENTS |
On 18th December 2023 the company's previous parent company CoGen Limited went into administration. |
On 26 January 2024 CoGen Limited changed its name to CG Realisations 2023 Limited. |
On 18th December 2023 Womble 1234 Limited acquired the share capital of Eastham Bio Power Limited. . |
On 29th January 2024 the new parent company Womble 1234 Limited changed its name to CoGen Limited. |
8. | ULTIMATE CONTROLLING PARTY |
The company is a wholly owned subsidiary of the parent company CoGen Limited (previously Womble 1234 Limited), whose registered office is Island Farm, Stokenham, Kingsbridge, TQ7 2SP. |