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REGISTERED NUMBER: 09913980 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Penberth Renewable Power Limited

Penberth Renewable Power Limited (Registered number: 09913980)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Penberth Renewable Power Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: P K Hinwood
Mrs K L B Hinwood
J A Hinwood





SECRETARY: J A Hinwood





REGISTERED OFFICE: 1 Aston Court George Road
Bromsgrove Technology Park
Bromsgrove
B60 3AL





REGISTERED NUMBER: 09913980 (England and Wales)





ACCOUNTANTS: Kenneth Morris Limited
1 Aston Court
Bromsgrove Technology Park
Bromsgrove
Worcestershire
B60 3AL

Penberth Renewable Power Limited (Registered number: 09913980)

Abridged Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 953,169 833,611

CURRENT ASSETS
Debtors 5 1,374,440 1,258,484
Cash at bank 224,342 147,030
1,598,782 1,405,514
CREDITORS
Amounts falling due within one year 336,809 191,808
NET CURRENT ASSETS 1,261,973 1,213,706
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,215,142

2,047,317

CREDITORS
Amounts falling due after more than one year 6 817,093 878,840
NET ASSETS 1,398,049 1,168,477

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 1,398,048 1,168,476
1,398,049 1,168,477

Penberth Renewable Power Limited (Registered number: 09913980)

Abridged Balance Sheet - continued
31 March 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 18 July 2024 and were signed on its behalf by:





P K Hinwood - Director


Penberth Renewable Power Limited (Registered number: 09913980)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Penberth Renewable Power 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.

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 - 10% on reducing balance

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Leasing
Property, plant and equipment acquired under finance leases or hire purchase contracts are capitalised and depreciated in the same manner as other tangible fixed assets. The related obligations, net of future finance charges, are included in creditors. Leasing payments are treated as consisting of capital and interest elements, and interest is charged to the profit and loss account on a straight-line basis which is considered to be a reasonable approximation to a constant rate of charge on the outstanding balance.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - NIL ) .

Penberth Renewable Power Limited (Registered number: 09913980)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 4,074,996
Additions 213,306
At 31 March 2024 4,288,302
DEPRECIATION
At 1 April 2023 3,241,385
Charge for year 93,748
At 31 March 2024 3,335,133
NET BOOK VALUE
At 31 March 2024 953,169
At 31 March 2023 833,611

5. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Amounts owed by group undertakings - 915,789

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2024 2023
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 677,141 709,302

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 833,141 865,302
Hire purchase contracts 44,738 74,324
877,879 939,626

Hire purchase agreements are secured on the underlying assets.
The bank holds a fixed and floating charge over all assets.
The bank loan is secured on the personal assets of a director.

Penberth Renewable Power Limited (Registered number: 09913980)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. CONTINGENT LIABILITIES

There were no material contingent liabilities at the year end.

9. POST BALANCE SHEET EVENTS

There were no material post balance sheet events.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Penberth Renewable Power Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Penberth Renewable Power Limited for the year ended 31 March 2024 which comprise the Abridged Income Statement, Abridged Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Penberth Renewable Power Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Penberth Renewable Power Limited and state those matters that we have agreed to state to the Board of Directors of Penberth Renewable Power Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Penberth Renewable Power Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Penberth Renewable Power Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Penberth Renewable Power Limited. You consider that Penberth Renewable Power Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Penberth Renewable Power Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Kenneth Morris Limited
1 Aston Court
Bromsgrove Technology Park
Bromsgrove
Worcestershire
B60 3AL


18 July 2024