Carlton Solar Farm Limited 12580347 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is is with regards to the production of electricity. Digita Accounts Production Advanced 6.30.9574.0 true 12580347 2022-04-01 2023-03-31 12580347 2023-03-31 12580347 bus:OrdinaryShareClass1 bus:CumulativeShares 2023-03-31 12580347 core:CurrentFinancialInstruments 2023-03-31 12580347 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 12580347 core:ConstructionInProgressAssetsUnderConstruction 2023-03-31 12580347 bus:SmallEntities 2022-04-01 2023-03-31 12580347 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 12580347 bus:FullAccounts 2022-04-01 2023-03-31 12580347 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 12580347 bus:RegisteredOffice 2022-04-01 2023-03-31 12580347 bus:Director2 2022-04-01 2023-03-31 12580347 bus:OrdinaryShareClass1 bus:CumulativeShares 2022-04-01 2023-03-31 12580347 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 12580347 core:ConstructionInProgressAssetsUnderConstruction 2022-04-01 2023-03-31 12580347 4 2022-04-01 2023-03-31 12580347 countries:EnglandWales 2022-04-01 2023-03-31 12580347 2022-03-31 12580347 core:ConstructionInProgressAssetsUnderConstruction 2022-03-31 12580347 2021-04-01 2022-03-31 12580347 2022-03-31 12580347 bus:OrdinaryShareClass1 bus:CumulativeShares 2022-03-31 12580347 core:CurrentFinancialInstruments 2022-03-31 12580347 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 12580347 core:ConstructionInProgressAssetsUnderConstruction 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 12580347

Carlton Solar Farm Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2023

 

Carlton Solar Farm Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

Carlton Solar Farm Limited

(Registration number: 12580347)
Balance Sheet as at 31 March 2023

Note

2023
£

As restated
2022
£

Fixed assets

 

Tangible assets

4

802,453

426,994

Current assets

 

Debtors

5

25,876

100

Creditors: Amounts falling due within one year

6

(828,229)

(426,994)

Net current liabilities

 

(802,353)

(426,894)

Net assets

 

100

100

Capital and reserves

 

Called up share capital

7

100

100

Shareholders' funds

 

100

100

For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

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

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 22 February 2024 and signed on its behalf by:
 

.........................................
C R Killeen
Director

 

Carlton Solar Farm Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 25.7 Coda Studios
189 Munster Road
London
SW6 6AW
England

These financial statements were authorised for issue by the Board on 22 February 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Reclassification of comparative amounts

Sites under construction were previously disclosed as work in progress. Following a review, these have been reclassified as Assets under construction. This has resulted in no change to the net assets or retained earnings in the prior year.

Assets under construction

Assets under construction are accounted for at total cost incurred to balance sheet date. They are not depreciated until the accounting period in which they are brought into use.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Carlton Solar Farm Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

Stocks

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised initially at the transaction price.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2022 - 0).

 

Carlton Solar Farm Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

4

Tangible assets

Assets under construction
£

Total
£

Cost or valuation

At 1 April 2022

426,994

426,994

Additions

375,459

375,459

At 31 March 2023

802,453

802,453

Depreciation

Carrying amount

At 31 March 2023

802,453

802,453

At 31 March 2022

426,994

426,994

5

Debtors

2023
£

2022
£

Amounts owed by related parties

100

100

Other debtors

25,776

-

25,876

100

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Amounts owed to related parties

828,229

426,994

 

Carlton Solar Farm Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

1

1

1

1