BOMBORA WAVE POWER EUROPE LTD

Company Registration Number:
10733443 (England and Wales)

Unaudited abridged accounts for the year ended 30 June 2023

Period of accounts

Start date: 01 July 2022

End date: 30 June 2023

BOMBORA WAVE POWER EUROPE LTD

Contents of the Financial Statements

for the Period Ended 30 June 2023

Balance sheet
Notes

BOMBORA WAVE POWER EUROPE LTD

Balance sheet

As at 30 June 2023


Notes

2023

2022


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets: 3 18,686,545 18,686,545
Tangible assets: 4 9,057 360,638
Investments:   0 0
Total fixed assets: 18,695,602 19,047,183
Current assets
Stocks: 0 0
Debtors:   925,125 941,297
Cash at bank and in hand: 8,720 225,459
Investments:   0 0
Total current assets: 933,845 1,166,756
Creditors: amounts falling due within one year:   (24,046,823) (22,961,922)
Net current assets (liabilities): (23,112,978) (21,795,166)
Total assets less current liabilities: (4,417,376) (2,747,983)
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Total net assets (liabilities): (4,417,376) (2,747,983)
Capital and reserves
Called up share capital: 1 1
Profit and loss account: (4,417,377) (2,747,984)
Shareholders funds: (4,417,376) (2,747,983)

The notes form part of these financial statements

BOMBORA WAVE POWER EUROPE LTD

Balance sheet statements

For the year ending 30 June 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 29 March 2024
and signed on behalf of the board by:

Name: Sam Leighton
Status: Director

The notes form part of these financial statements

BOMBORA WAVE POWER EUROPE LTD

Notes to the Financial Statements

for the Period Ended 30 June 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

BOMBORA WAVE POWER EUROPE LTD

Notes to the Financial Statements

for the Period Ended 30 June 2023

2. Employees

2023 2022
Average number of employees during the period 24 24

BOMBORA WAVE POWER EUROPE LTD

Notes to the Financial Statements

for the Period Ended 30 June 2023

3. Intangible Assets

Total
Cost £
At 01 July 2022 18,686,545
At 30 June 2023 18,686,545
Amortisation
At 01 July 2022 0
At 30 June 2023 0
Net book value
At 30 June 2023 18,686,545
At 30 June 2022 18,686,545

BOMBORA WAVE POWER EUROPE LTD

Notes to the Financial Statements

for the Period Ended 30 June 2023

4. Tangible Assets

Total
Cost £
At 01 July 2022 605,132
At 30 June 2023 605,132
Depreciation
At 01 July 2022 244,494
Charge for year 351,581
At 30 June 2023 596,075
Net book value
At 30 June 2023 9,057
At 30 June 2022 360,638