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REGISTERED NUMBER: 07027517 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

HOWSHAM POWER CO LTD

HOWSHAM POWER CO LTD (REGISTERED NUMBER: 07027517)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 July 2023










Page

Balance Sheet 1

Notes to the Financial Statements 2


HOWSHAM POWER CO LTD (REGISTERED NUMBER: 07027517)

BALANCE SHEET
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 53,856 65,729

CURRENT ASSETS
Debtors 5 65,192 13,549
Cash at bank 6 8,738 35,320
73,930 48,869
CREDITORS
Amounts falling due within one year 7 61,603 42,694
NET CURRENT ASSETS 12,327 6,175
TOTAL ASSETS LESS CURRENT LIABILITIES 66,183 71,904

RESERVES
Income and expenditure account 66,183 71,904
MEMBERS' FUNDS 66,183 71,904

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 February 2024 and were signed on its behalf by:





M C Phillips - Director


HOWSHAM POWER CO LTD (REGISTERED NUMBER: 07027517)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 July 2023


1. STATUTORY INFORMATION

Howsham Power Co Ltd is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07027517

Registered office: Treebeards
Main Street
Westow
YORK
YO60 7NE

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance and 10% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and 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 balance sheet date.

Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

HOWSHAM POWER CO LTD (REGISTERED NUMBER: 07027517)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 July 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2022 213,894
Additions 4,363
At 31 July 2023 218,257
DEPRECIATION
At 1 August 2022 148,165
Charge for year 16,236
At 31 July 2023 164,401
NET BOOK VALUE
At 31 July 2023 53,856
At 31 July 2022 65,729

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 12,236 6,121
Other debtors 52,956 7,428
65,192 13,549

6. CASH AT BANK

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 5,833 37,994
Other creditors 55,770 4,700
61,603 42,694

8. RELATED PARTY DISCLOSURES

During the year the company paid £40,000 in charitable donations to the Renewable Heritage Trust (2022 - £37,000), a charitable company, in which Mr M C Phillips was a Trustee during the year ended 31 July 2023.

9. MEMBERS' LIABILITY

The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £1.