Registration number:
Kimblesworth Solar Limited
for the Year Ended 31 December 2023
Pages for filing with Registrar
Kimblesworth Solar Limited
Contents
Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Kimblesworth Solar Limited
Company Information
Directors |
M P Manner OD Saward JA Spooner |
Registered office |
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Registered number |
13790980 |
Accountant |
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Kimblesworth Solar Limited
(Registration number: 13790980)
Balance Sheet as at 31 December 2023
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2023 |
2022 |
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Fixed assets |
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Intangible assets |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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- |
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Creditors: Amounts falling due within one year |
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( |
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Net current liabilities |
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( |
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Net liabilities |
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( |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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( |
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Total equity |
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Kimblesworth Solar Limited
(Registration number: 13790980)
Balance Sheet as at 31 December 2023
For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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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 and the option not to file the Profit and Loss Account has been taken.
Approved and authorised for issue by the
.........................................
Director
Kimblesworth Solar Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023
Statutory information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
England
Accounting policies |
Summary of significant accounting policies
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.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention.
The financial statements are prepared in pounds sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
Going concern
The directors have prepared the financial statements on a going concern basis which assumes that the company will have sufficient financial resources to meet its liabilities for a period of at least twelve months from the date of approving these financial statements. The company’s balance sheet includes a net creditor position, and therefore the directors have considered the support received from the wider group when completing this assessment. Based on the support which the directors expect to be available from the wider group during this early development phase, the directors consider it appropriate to prepare the financial statements on a going concern basis.
Kimblesworth Solar Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023
Intangible fixed assets
Expenditure on research activities is charged to the profit and loss account as incurred.
Expenditure on development activities is capitalised as intangible assets if the project is considered to be technically and commercially feasible and has received formal board approval and funding to complete the project for use or for sale.
Development projects relate to solar developments. Costs incurred in bringing these projects to the consent stage include options over land rights, planning application costs and environmental impact studies.
Development assets are not amortised until the asset is complete and ready for its intended use at which point it is transferred into Property Plant and Equipment. Intangible assets are subject to annual impairment testing.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand.
Trade creditors
Trade creditors are recognised 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.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Kimblesworth Solar Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023
Intangible fixed assets |
Development costs |
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Cost |
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At 1 January 2023 |
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Additions |
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At 31 December 2023 |
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Carrying amount |
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At 31 December 2023 |
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At 31 December 2022 |
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Debtors: amounts falling due within one year |
Note |
2023 |
2022 |
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Amounts owed by group undertakings |
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- |
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Other debtors |
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Creditors |
Note |
2023 |
2022 |
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Amounts falling due within one year |
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Trade creditors |
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Amounts owed to group undertakings |
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Accruals |
2,500 |
2,500 |
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Amounts due to group undertakings are unsecured, repayable on demand and interest free.
Kimblesworth Solar Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023
Share capital |
Allotted, called up and fully paid shares
2023 |
2022 |
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No. |
£ |
No. |
£ |
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1 |
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1 |
Related party transactions |
Summary of transactions with parent
During the period Climate ER Limited made loans to the company of £Nil (2022: 15,501). At the year end £Nil (£15,501) was due to Climate ER Limited.
Summary of transactions with other related parties
During the year Climate ER Helio Limited made payments on behalf of the company of £8,848 (2022: £60,000), and recharged £44,574 (2022: 31,780) under the Deveopment Services agreement. At the year end £145,202 was due to Climate ER Helio Limited.