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REGISTERED NUMBER: 13589482 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2023

FOR

NET ZERO PROJECTS LIMITED

NET ZERO PROJECTS LIMITED (REGISTERED NUMBER: 13589482)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NET ZERO PROJECTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTORS: Mr A R Coward
Mr R J Coward
Mr D K Messem





REGISTERED OFFICE: Mercury House
19-21 Chapel Street
Marlow
Buckinghamshire
SL7 3HN





REGISTERED NUMBER: 13589482 (England and Wales)





ACCOUNTANTS: Richardson Jones
Chartered Accountants
Mercury House
19-21 Chapel Street
Marlow
Buckinghamshire
SL7 3HN

NET ZERO PROJECTS LIMITED (REGISTERED NUMBER: 13589482)

BALANCE SHEET
31ST DECEMBER 2023

31.12.23 31.12.22
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 72,717 54,055
Tangible assets 5 1,081 -
Investments 6 4,620 4,620
78,418 58,675

CURRENT ASSETS
Debtors 7 1,152 3,701
Cash at bank 14,596 76,414
15,748 80,115
CREDITORS
Amounts falling due within one year 8 165,084 58,832
NET CURRENT (LIABILITIES)/ASSETS (149,336 ) 21,283
TOTAL ASSETS LESS CURRENT
LIABILITIES

(70,918

)

79,958

CAPITAL AND RESERVES
Called up share capital 117 115
Share premium 251,919 224,921
Retained earnings (322,954 ) (145,078 )
(70,918 ) 79,958

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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 profit or loss 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.

NET ZERO PROJECTS LIMITED (REGISTERED NUMBER: 13589482)

BALANCE SHEET - continued
31ST DECEMBER 2023


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 16th April 2024 and were signed on its behalf by:




Mr A R Coward - Director



Mr R J Coward - Director


NET ZERO PROJECTS LIMITED (REGISTERED NUMBER: 13589482)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023

1. STATUTORY INFORMATION

Net Zero Projects Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Going concern
The financial statements have been prepared on a going concern basis. The directors consider this to be appropriate despite the balance sheet showing Net Liabilities of £149,696, because the directors and the subsidiary company are prepared to continue to support the company for the foreseeable future.

As at 31 December 2023 Creditors: Amounts due with one year includes £106,096 owed to the directors and £54,627 owed to the company's subsidiary. Net Assets, after adjusting for these creditors would be £11,027.Consequently, the company is able to meet its 3rd-party liabilities as they fall due.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 25% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - NIL ) .

4. INTANGIBLE FIXED ASSETS

Intangible fixed assets is currently stated at cost and therefore does not include any uplift for the market value of the underlying Intellectual Property that is in the process of being developed. Once the assets commence generating an income stream, the directors will consider a policy of annual revaluation and amortisation in accordance with FRS 102.

5. TANGIBLE FIXED ASSETS
Office
equipment
£
COST
Additions 1,173
At 31st December 2023 1,173
DEPRECIATION
Charge for year 92
At 31st December 2023 92
NET BOOK VALUE
At 31st December 2023 1,081

NET ZERO PROJECTS LIMITED (REGISTERED NUMBER: 13589482)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£
COST
At 1st January 2023
and 31st December 2023 4,620
NET BOOK VALUE
At 31st December 2023 4,620
At 31st December 2022 4,620

The fixed asset investment represents the company's 100% interest in the ordinary share capital of Net Zero Projects ApS, a company registered in Denmark.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£ £
VAT 1,002 861
Prepayments 150 2,840
1,152 3,701

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£ £
Trade creditors 47 10,934
Amounts owed to associates 54,629 -
Social security and other taxes 2,290 -
Pension control 257 -
Directors' current accounts 105,736 46,488
Accrued expenses 2,125 1,410
165,084 58,832

9. RELATED PARTY DISCLOSURES

During the period ended 31 December 2023, the company paid £36,625 for research and development services to Net Zero Projects ApS, a company registered in Denmark. The company owns 100% of the voting share capital in Net Zero Projects ApS.

Included within creditors is an amount totalling £54,629 for research and development services owed to Net Zero Projects ApS at 31 December 2023.