Cabot Park Solar Ltd |
Registered number: |
09446834 |
Abridged Balance Sheet |
as at 31 May 2023 |
|
Notes |
|
|
2023 |
|
|
2022 |
£ |
£ |
Current assets |
Stocks |
|
|
155,446 |
|
|
98,090 |
Debtors |
5 |
|
2,915 |
|
|
3,029 |
|
|
|
158,361 |
|
|
101,119 |
|
Creditors: amounts falling due within one year |
6 |
|
(200,626) |
|
|
(137,789) |
|
Net current liabilities |
|
|
|
(42,265) |
|
|
(36,670) |
|
Net liabilities |
|
|
|
(42,265) |
|
|
(36,670) |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
|
|
|
1 |
|
|
1 |
Profit and loss account |
|
|
|
(42,266) |
|
|
(36,671) |
|
Shareholders' funds |
|
|
|
(42,265) |
|
|
(36,670) |
|
|
|
|
|
|
|
|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006. |
|
|
|
|
J Gleek |
Director |
Approved by the board on 22 February 2024 |
|
Cabot Park Solar Ltd |
Notes to the Abridged Accounts |
for the year ended 31 May 2023 |
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The abridged accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
2 |
Going concern |
|
The financial statements have been prepared on the going concern basis, notwithstanding the company’s net liabilities. The director considers this to be appropriate since the company's shareholder has provided an undertaking to provide such financial obligations as they fall due for payment. This undertaking is to remain in force, for a period of at least 12 months, from the date of signing these accounts. |
|
3 |
Related party exemption |
|
The company has taken the advantage of exemption in FRS 102 not to disclose related party transactions or the balances with entities which form part of the group. |
|
|
Turnover |
|
Turnover is derived from wholly continuing activities and comprises the amount receivable from customers for rental of properties and sale of trading stock. Rental income is recognised in the period to which it relates. Turnover resulting from the sale of trading stock and associated cost of sales are recognised in the period in which the disposal is completed. |
|
|
Stocks |
|
Stock comprises properties held for development and are stated at the lower of the cost or net realisable value. |
|
|
Taxation |
|
Taxation 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 or 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 statement of financial position date. |
|
4 |
Employees |
2023 |
|
2022 |
Number |
Number |
|
|
Average number of persons employed by the company |
0 |
|
0 |
|
|
|
|
|
|
|
|
|
|
5 |
Debtors |
2023 |
|
2022 |
£ |
£ |
|
|
Other debtors |
2,915 |
|
3,029 |
|
|
|
|
|
|
|
|
|
|
6 |
Creditors: amounts falling due within one year |
2023 |
|
2022 |
£ |
£ |
|
Trade creditors |
739 |
|
- |
|
Amounts owed to parent undertakings |
27,635 |
|
27,635 |
|
Amounts owed to companies under common control |
|
171,412 |
|
109,854 |
|
Other creditors |
840 |
|
300 |
|
|
|
|
|
|
|
200,626 |
|
137,789 |
|
|
|
|
|
|
|
|
|
|
7 |
Ultimate parent undertaking |
|
|
The ultimate parent undertaking is J Gleek Properties Limited, a company registered in the United Kingdom and whose address is Richmond House, Avonmouth Way, Avonmouth, Bristol, England, BS11 8DE. |
|
8 |
Other information |
|
|
Cabot Park Solar Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
Richmond House, |
|
Avonmouth Way, |
|
Avonmouth, |
|
Bristol, England, |
|
BS11 8DE |