Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-01falseNo description of principal activity33truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13796233 2023-01-01 2023-12-31 13796233 2021-12-13 2022-12-31 13796233 2023-12-31 13796233 2022-12-31 13796233 2021-12-13 13796233 c:Director1 2023-01-01 2023-12-31 13796233 c:Director2 2023-01-01 2023-12-31 13796233 c:Director3 2023-01-01 2023-12-31 13796233 c:RegisteredOffice 2023-01-01 2023-12-31 13796233 d:OtherPropertyPlantEquipment 2023-01-01 2023-12-31 13796233 d:OtherPropertyPlantEquipment 2023-12-31 13796233 d:OtherPropertyPlantEquipment 2022-12-31 13796233 d:CurrentFinancialInstruments 2023-12-31 13796233 d:CurrentFinancialInstruments 2022-12-31 13796233 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 13796233 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 13796233 d:ShareCapital 2023-12-31 13796233 d:ShareCapital 2021-12-13 2022-12-31 13796233 d:ShareCapital 2022-12-31 13796233 d:ShareCapital 2021-12-13 13796233 d:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 13796233 d:RetainedEarningsAccumulatedLosses 2023-12-31 13796233 d:RetainedEarningsAccumulatedLosses 2021-12-13 2022-12-31 13796233 d:RetainedEarningsAccumulatedLosses 2022-12-31 13796233 d:RetainedEarningsAccumulatedLosses 2021-12-13 13796233 c:OrdinaryShareClass1 2023-01-01 2023-12-31 13796233 c:OrdinaryShareClass1 2023-12-31 13796233 c:OrdinaryShareClass1 2022-12-31 13796233 c:OrdinaryShareClass2 2023-01-01 2023-12-31 13796233 c:OrdinaryShareClass2 2023-12-31 13796233 c:OrdinaryShareClass2 2022-12-31 13796233 c:FRS102 2023-01-01 2023-12-31 13796233 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 13796233 c:FullAccounts 2023-01-01 2023-12-31 13796233 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 13796233


 
 
 
 
 
 
 
 
O&G SOLAR (SPV 10) LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

 
O&G SOLAR (SPV 10) LIMITED
 

COMPANY INFORMATION


Directors
N. Hitchcox 
S. Nicol 
C. Skelly 




Registered number
13796233



Registered office
315, 37 Cremer St

London

E2 8HD





 
O&G SOLAR (SPV 10) LIMITED
 

CONTENTS



Page
Balance Sheet
 
1
Statement of Changes in Equity
 
2
Notes to the Financial Statements
 
3 - 7

 
O&G SOLAR (SPV 10) LIMITED
REGISTERED NUMBER: 13796233

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible fixed assets
 4 
108,943
94,046

Current assets
  

Debtors
 5 
637
4

Cash at bank and in hand
  
93,053
4,734

  
93,690
4,738

Creditors: amounts falling due within one year
 6 
(207,295)
(100,950)

Net current liabilities
  
 
 
(113,605)
 
 
(96,212)

  

Net liabilities
  
(4,662)
(2,166)


Capital and reserves
  

Allotted, called up and fully paid share capital
 7 
1
1

Profit and loss account
  
(4,663)
(2,167)

Equity shareholders' deficit
  
(4,662)
(2,166)


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the Director's Report and the Statement of Comprehensive Income in accordance with provisions applicable to companies subject to the small companies' regime under section 444 of the Companies Act 2006.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 
25 July 2024.




N. Hitchcox
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 1

 
O&G SOLAR (SPV 10) LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2023


Called up share capital
Profit and loss account
Total equity

£
£
£


On incorporation on 13 December 2021
-
-
-


Comprehensive income for the period

Loss for the period
-
(2,167)
(2,167)

Shares issued during the period
1
-
1



At 31 December 2022 and 1 January 2023
1
(2,167)
(2,166)


Comprehensive income for the year

Loss for the year
-
(2,496)
(2,496)


At 31 December 2023
1
(4,663)
(4,662)


The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
O&G SOLAR (SPV 10) LIMITED
 

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

1.


General information

O&G Solar (SPV 10) Limited (Company number 13796233), having its registered office and principal place of business at 315, 37 Cremer St, London, United Kingdom, E2 8HD, is a private limited company incorporated in England and Wales.                               

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

  
2.2

Statement of Cash Flows

The Company has taken advantage of the exemption in Financial Reporting Standard 102, Section 1A.7, from the requirement to produce a Statement of Cash Flows on the grounds that it is a small company.

 
2.3

Going concern

The financial statements have been prepared on the going concern basis, despite net liabilities of £4,662 (2022: £2,166) and incurring a loss of £2,496 (2022: £2,167) during the year ended 31 December 2023.
                           
The directors have been provided with an undertaking from the Company's shareholders, that they will, for at least 12 months from the date of approval of these financial statements, continue to make available such funds as are needed by the Company and, in particular, will not seek repayment of the amounts currently made available. This should enable the Company to continue in operational existence for the foreseeable future by meeting its liabilities as they fall due for payment.
The financial statements do not include any adjustments that would result from the going concern basis of preparation being inappropriate.

Page 3

 
O&G SOLAR (SPV 10) LIMITED
 

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

2.Accounting policies (continued)

 
2.4

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.5

Taxation

Tax is recognised in the Statement of Comprehensive Income except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date in the countries where the Company operates and generates income.

  
2.6

Tangible fixed assets

Development costs represent the costs incurred in bringing individual projects to the consented stage. Expenditure on research into identifying suitable sites, payment to landowners to secure the land and payment to grid manager to secure the connections. Once site selection has been reached and option over the land is acquired, the option forms the basis of the development of asset. Subsequently, directly attributable costs, including planning application costs are treated as capitalized if a clearly defined project, the expenditure is separately identifiable, the outcome of the project can be assessed reasonable certainty, aggregate costs are expected to be exceeded by related future sales and adequate resources exists to enable the project to be completed. 
To determine whether a project is a Qualifying asset, the Company’s management assess whether the statutory approvals, the interests in the land, the electricity connection feasibility etc. led to the conclusion that it is probable the project will produce economic benefits for the Company (i.e., it is likely the project will reach be the stage of completion and will be commercially active.) 

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment.

Page 4

 
O&G SOLAR (SPV 10) LIMITED
 

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

2.Accounting policies (continued)

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. 

 
2.9

Creditors

Short-term creditors are measured at the transaction price.

 
2.10

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans to related parties.
Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2022 - 3).


4.


Tangible fixed assets





Development costs

£



Cost or valuation


At 1 January 2023
94,046


Additions
14,897



At 31 December 2023

108,943






Net book value



At 31 December 2023
108,943



At 31 December 2022
94,046


5.


Debtors

2023
2022
£
£

Due within one year
Page 5

 
O&G SOLAR (SPV 10) LIMITED
 

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

5.Debtors (continued)


Other debtors
637
4

637
4



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
3,780
-

Amounts owed to group undertakings
151,315
48,950

Amounts owed to participating interests
50,000
50,000

Accruals and deferred income
2,200
2,000

207,295
100,950


Page 6

 
O&G SOLAR (SPV 10) LIMITED
 

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

7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares of £0.01 each
1
1
12 (2022 - 12) A Ordinary shares of £0.01 each
-
-

1

1



8.


Related party transactions

Included within amounts owed to group undertakings is an amount of £123,242 (2022: £48,950) due to the parent undertaking, O&G Solar Midco Limited. 
Included within amounts owed to participating interests is an amount of £50,000 (2022: £50,000) due to Aukera UK Limited. 
Included within amounts owed to group undertakings is an amount of £28,073 
(2022: £Nil) due to fellow subsidiaries of O&G Solar Midco Limited.
Outstanding balances with entities are unsecured and no interest is charged.


Page 7