for the Period Ended 31 July 2023
Directors report | |
Profit and loss | |
Balance sheet | |
Additional notes | |
Balance sheet notes |
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 31 July 2023
Principal activities of the company
Political and charitable donations
Additional information
Gazelle Wind Power UK Limited’s transactions in the period did not create any foreign currency risks. All transactions were made in Sterling or Euros with the Company’s funding from its 100% parent, Gazelle Wind Power Limited, providing the required Sterling liability equivalent amount in full.Due to the nature of the Company's operations, it does face ordinary course of business risks and uncertainties, but the Company’s biggest risks concern the full commercialisation and development of the Gazelle Wind Power Group’s technology and engineering design in scaling up the platform to support floating offshore wind turbine units together with the equity and grant fundraising needed to deliver the Group business plan.The Company indirectly shares in the Group’s other potential key risks such as liquidity, asset, credit, interest rate and concentration risks. It’s invoice commitment payment risks are covered by its parent, Gazelle Wind Power Limited, and are considered non-significant.
Directors
The directors shown below have held office during the period of
8 December 2022 to 31 July 2023
The director shown below has held office during the whole of the period from
19 July 2022 to 31 July 2023
The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006
This report was approved by the board of directors on
And signed on behalf of the board by:
Name:
Status: Director
for the Period Ended
2023 | ||
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| £ | |
Turnover: | | |
Cost of sales: | | |
Gross profit(or loss): | | |
Administrative expenses: | ( | |
Operating profit(or loss): | ( | |
Profit(or loss) before tax: | ( | |
Tax: | | |
Profit(or loss) for the financial year: | ( |
As at
Notes | 2023 | ||
---|---|---|---|
| £ | ||
Called up share capital not paid: | | ||
Fixed assets | |||
Intangible assets: | | ||
Tangible assets: | | ||
Investments: | | ||
Total fixed assets: | | ||
Current assets | |||
Stocks: | | ||
Debtors: | 3 | | |
Cash at bank and in hand: | | ||
Investments: | | ||
Total current assets: | | ||
Prepayments and accrued income: | | ||
Creditors: amounts falling due within one year: | 4 | ( | |
Net current assets (liabilities): | ( | ||
Total assets less current liabilities: | ( | ||
Creditors: amounts falling due after more than one year: | | ||
Provision for liabilities: | | ||
Accruals and deferred income: | | ||
Total net assets (liabilities): | ( | ||
Capital and reserves | |||
Called up share capital: | | ||
Share premium account: | | ||
Other reserves: | | ||
Profit and loss account: | ( | ||
Total Shareholders' funds: | ( |
The notes form part of these financial statements
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 July 2023
Basis of measurement and preparation
Intangible fixed assets amortisation policy
Other accounting policies
for the Period Ended 31 July 2023
2023 | ||
---|---|---|
Average number of employees during the period | |
for the Period Ended 31 July 2023
2023 | ||
---|---|---|
£ | ||
Trade debtors | | |
Prepayments and accrued income | | |
Other debtors | | |
Total | | |
Debtors due after more than one year: | |
for the Period Ended 31 July 2023
2023 | ||
---|---|---|
£ | ||
Bank loans and overdrafts | | |
Amounts due under finance leases and hire purchase contracts | | |
Trade creditors | | |
Taxation and social security | | |
Accruals and deferred income | | |
Other creditors | | |
Total | |
for the Period Ended 31 July 2023