Caseware UK (AP4) 2022.0.179 2022.0.179 2023-06-302023-06-30falseThe principal activity of the company was the provision of consultancy services to the Energy Industry.2022-07-0122truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07295256 2022-07-01 2023-06-30 07295256 2021-07-01 2022-06-30 07295256 2023-06-30 07295256 2022-06-30 07295256 2021-07-01 07295256 1 2022-07-01 2023-06-30 07295256 1 2021-07-01 2022-06-30 07295256 2 2022-07-01 2023-06-30 07295256 2 2021-07-01 2022-06-30 07295256 3 2022-07-01 2023-06-30 07295256 3 2021-07-01 2022-06-30 07295256 d:Director2 2022-07-01 2023-06-30 07295256 e:MotorVehicles 2022-07-01 2023-06-30 07295256 e:MotorVehicles 2023-06-30 07295256 e:MotorVehicles 2022-06-30 07295256 e:MotorVehicles e:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 07295256 e:CurrentFinancialInstruments 2023-06-30 07295256 e:CurrentFinancialInstruments 2022-06-30 07295256 e:CurrentFinancialInstruments e:WithinOneYear 2023-06-30 07295256 e:CurrentFinancialInstruments e:WithinOneYear 2022-06-30 07295256 e:ShareCapital 2022-07-01 2023-06-30 07295256 e:ShareCapital 2023-06-30 07295256 e:ShareCapital 2021-07-01 2022-06-30 07295256 e:ShareCapital 2022-06-30 07295256 e:ShareCapital 2021-07-01 07295256 e:OtherMiscellaneousReserve 2022-07-01 2023-06-30 07295256 e:OtherMiscellaneousReserve 2023-06-30 07295256 e:OtherMiscellaneousReserve 1 2022-07-01 2023-06-30 07295256 e:OtherMiscellaneousReserve 2 2022-07-01 2023-06-30 07295256 e:OtherMiscellaneousReserve 3 2022-07-01 2023-06-30 07295256 e:OtherMiscellaneousReserve 2021-07-01 2022-06-30 07295256 e:OtherMiscellaneousReserve 2022-06-30 07295256 e:OtherMiscellaneousReserve 2021-07-01 07295256 e:OtherMiscellaneousReserve 1 2021-07-01 2022-06-30 07295256 e:OtherMiscellaneousReserve 2 2021-07-01 2022-06-30 07295256 e:OtherMiscellaneousReserve 3 2021-07-01 2022-06-30 07295256 e:RetainedEarningsAccumulatedLosses 2022-07-01 2023-06-30 07295256 e:RetainedEarningsAccumulatedLosses 2023-06-30 07295256 e:RetainedEarningsAccumulatedLosses 1 2022-07-01 2023-06-30 07295256 e:RetainedEarningsAccumulatedLosses 2 2022-07-01 2023-06-30 07295256 e:RetainedEarningsAccumulatedLosses 3 2022-07-01 2023-06-30 07295256 e:RetainedEarningsAccumulatedLosses 2021-07-01 2022-06-30 07295256 e:RetainedEarningsAccumulatedLosses 2022-06-30 07295256 e:RetainedEarningsAccumulatedLosses 2021-07-01 07295256 e:RetainedEarningsAccumulatedLosses 1 2021-07-01 2022-06-30 07295256 e:RetainedEarningsAccumulatedLosses 2 2021-07-01 2022-06-30 07295256 e:RetainedEarningsAccumulatedLosses 3 2021-07-01 2022-06-30 07295256 e:OtherDeferredTax 2023-06-30 07295256 e:OtherDeferredTax 2022-06-30 07295256 d:FRS102 2022-07-01 2023-06-30 07295256 d:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 07295256 d:FullAccounts 2022-07-01 2023-06-30 07295256 d:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 07295256 2 2022-07-01 2023-06-30 07295256 6 2022-07-01 2023-06-30 iso4217:GBP xbrli:pure

Registered number: 07295256










RUSHDEN ENERGY ADVISERS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2023

 
RUSHDEN ENERGY ADVISERS LIMITED
 

CONTENTS



Page
Balance sheet
1 - 2
Statement of changes in equity
3
Notes to the financial statements
4 - 10


 
RUSHDEN ENERGY ADVISERS LIMITED
REGISTERED NUMBER: 07295256

BALANCE SHEET
AS AT 30 JUNE 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
49,125
61,406

Investments
 5 
1,394,334
1,321,573

  
1,443,459
1,382,979

Current assets
  

Debtors: amounts falling due within one year
 6 
325,159
320,670

Bank and cash balances
  
223,353
385,395

  
548,512
706,065

Creditors: amounts falling due within one year
 7 
(20,141)
(71,627)

Net current assets
  
 
 
528,371
 
 
634,438

Total assets less current liabilities
  
1,971,830
2,017,417

Provisions for liabilities
  

Deferred tax
 8 
(24,706)
(13,587)

  
 
 
(24,706)
 
 
(13,587)

Net assets
  
1,947,124
2,003,830


Capital and reserves
  

Called up share capital 
  
100
100

Other reserves
  
73,864
55,409

Profit and loss account
  
1,873,160
1,948,321

  
1,947,124
2,003,830


The directors consider 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 year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Page 1

 
RUSHDEN ENERGY ADVISERS LIMITED
REGISTERED NUMBER: 07295256
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2023

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




P. Spink
Director

Date: 13 February 2024

The notes on pages 4 to 10 form part of these financial statements.

Page 2

 
RUSHDEN ENERGY ADVISERS LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 JUNE 2023


Called up share capital
Other reserves
Profit and loss account
Total equity

£
£
£
£


At 1 July 2021
100
71,469
1,878,867
1,950,436



Profit for the year
-
-
253,394
253,394

Fair value movement of investments
-
(11,758)
11,758
-

Realised gain/(loss) on disposal
-
(1,157)
1,157
-

Deferred tax movement
-
(3,145)
3,145
-
Total comprehensive income for the year
-
(16,060)
269,454
253,394

Dividends: Equity capital
-
-
(200,000)
(200,000)



At 1 July 2022
100
55,409
1,948,321
2,003,830



Profit for the year
-
-
193,294
193,294

Fair value movement of investments
-
25,937
(25,937)
-

Realised gain/(loss) on disposal
-
3,637
(3,637)
-

Deferred tax movement
-
(11,119)
11,119
-
Total comprehensive income for the year
-
18,455
174,839
193,294

Dividends: Equity capital
-
-
(250,000)
(250,000)


At 30 June 2023
100
73,864
1,873,160
1,947,124


The notes on pages 4 to 10 form part of these financial statements.

Page 3

 
RUSHDEN ENERGY ADVISERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1.


General information

Rushden Energy Advisers Limited is a private company limited by share capital, incorporated in England and Wales, registration number 07295256. The address of the registered office is 14th Floor, 33 Cavendish Square, London, W1G 0PW.
The principal activity of the company was the provision of consultancy services to the energy industry.

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

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 4

 
RUSHDEN ENERGY ADVISERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
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

Valuation of investments

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.6

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.

 
2.7

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.
Page 5

 
RUSHDEN ENERGY ADVISERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)


2.7
Financial instruments (continued)


Other financial assets

Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

 
2.8

Creditors

Short-term creditors are measured at the transaction price.

 
2.9

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.10

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 6

 
RUSHDEN ENERGY ADVISERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.11

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.12

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.13

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 7

 
RUSHDEN ENERGY ADVISERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)


2.13
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
20%
reducing balance

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.

 
2.14

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

Page 8

 
RUSHDEN ENERGY ADVISERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

4.


Tangible fixed assets





Motor vehicles

£



Cost or valuation


At 1 July 2022
76,758



At 30 June 2023

76,758



Depreciation


At 1 July 2022
15,352


Charge for the year on owned assets
12,281



At 30 June 2023

27,633



Net book value



At 30 June 2023
49,125



At 30 June 2022
61,406


5.


Fixed asset investments





Listed investments
Other fixed asset investments
Total

£
£
£



Cost or valuation


At 1 July 2022
1,081,441
240,132
1,321,573


Additions
36,249
13,995
50,244


Disposals
(41,074)
-
(41,074)


Revaluations
63,591
-
63,591



At 30 June 2023
1,140,207
254,127
1,394,334






 

Page 9

 
RUSHDEN ENERGY ADVISERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

6.


Debtors

2023
2022
£
£


Trade debtors
25,159
-

Other debtors
300,000
300,000

Prepayments and accrued income
-
20,670

325,159
320,670



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
13,541
65,027

Accruals and deferred income
6,600
6,600

20,141
71,627



8.


Deferred taxation




2023


£






At beginning of year
(13,587)


Charged to the profit or loss
(11,119)



At end of year
(24,706)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Fair value movement on listed investments
(24,706)
(13,587)

(24,706)
(13,587)

 
Page 10