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Registration number: 13790980

Kimblesworth Solar Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2023

Pages for filing with Registrar

 

Kimblesworth Solar Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Kimblesworth Solar Limited

Company Information

Directors

M P Manner

OD Saward

JA Spooner

Registered office

C/o Cer Ltd
Northgate House
Upper Borough Walls
Bath
BA1 1RG

Registered number

13790980

Accountant

Corrigan Accountants Limited
1st Floor
25 King Street
Bristol
BS1 4PB

 

Kimblesworth Solar Limited

(Registration number: 13790980)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Intangible assets

4

141,125

95,346

Current assets

 

Debtors

5

421

12,733

Cash at bank and in hand

 

502

-

 

923

12,733

Creditors: Amounts falling due within one year

6

(147,702)

(110,980)

Net current liabilities

 

(146,779)

(98,247)

Net liabilities

 

(5,654)

(2,901)

Capital and reserves

 

Called up share capital

7

1

1

Profit and loss account

(5,655)

(2,902)

Total equity

 

(5,654)

(2,901)

 

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:

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 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised for issue by the Board on 30 July 2024 and signed on its behalf by:
 

.........................................

OD Saward
Director

 

Kimblesworth Solar Limited

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

1

Statutory information

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

The address of its registered office is:
C/o Cer Ltd
Northgate House
Upper Borough Walls
Bath
BA1 1RG
England

2

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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2022 - 2).

 

Kimblesworth Solar Limited

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

4

Intangible fixed assets

Development costs
£

Cost

At 1 January 2023

95,346

Additions

45,779

At 31 December 2023

141,125

Carrying amount

At 31 December 2023

141,125

At 31 December 2022

95,346

5

Debtors: amounts falling due within one year

Note

2023
£

2022
£

Amounts owed by group undertakings

8

1

-

Other debtors

 

420

12,733

 

421

12,733

6

Creditors

Note

2023
£

2022
£

Amounts falling due within one year

 

Trade creditors

 

-

1,200

Amounts owed to group undertakings

8

145,202

107,280

Accruals

 

2,500

2,500

 

147,702

110,980

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

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary of £1 each

1

1

1

1

         

8

Related party transactions

Summary of transactions with parent

Climate ER Limited - parent company
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

Climate ER Helio Limited - group company
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.