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Company No: 12645372 (England and Wales)

GREEN ENERGY PARTNERS UK LIMITED

Unaudited Financial Statements
For the financial year ended 30 April 2024
Pages for filing with the registrar

GREEN ENERGY PARTNERS UK LIMITED

Unaudited Financial Statements

For the financial year ended 30 April 2024

Contents

GREEN ENERGY PARTNERS UK LIMITED

STATEMENT OF FINANCIAL POSITION

As at 30 April 2024
GREEN ENERGY PARTNERS UK LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 30 April 2024
Note 2024 2023
£ £
Fixed assets
Investments 3 18 18
18 18
Current assets
Debtors 4 4,578 143,259
Cash at bank and in hand 56,323 184,438
60,901 327,697
Creditors: amounts falling due within one year 5 ( 57,539) ( 325,301)
Net current assets 3,362 2,396
Total assets less current liabilities 3,380 2,414
Net assets 3,380 2,414
Capital and reserves
Called-up share capital 6 200 200
Profit and loss account 3,180 2,214
Total shareholders' funds 3,380 2,414

For the financial year ending 30 April 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Green Energy Partners UK Limited (registered number: 12645372) were approved and authorised for issue by the Director on 15 August 2024. They were signed on its behalf by:

John Edward Stephens
Director
GREEN ENERGY PARTNERS UK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
GREEN ENERGY PARTNERS UK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Green Energy Partners UK Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 4 Trinity Close, Blackford, Wedmore, BS28 4NB, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Statement of Financial Position date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Taxation

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Fixed asset investments

Investments in associates Total
£ £
Cost or valuation before impairment
At 01 May 2023 18 18
At 30 April 2024 18 18
Carrying value at 30 April 2024 18 18
Carrying value at 30 April 2023 18 18

4. Debtors

2024 2023
£ £
Amounts owed by associates 0 142,605
Amounts owed by director 3,454 0
VAT recoverable 1,124 57
Other taxation and social security 0 597
4,578 143,259

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 0 42
Taxation and social security 228 0
Other creditors 57,311 325,259
57,539 325,301

6. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
200 Ordinary shares of £ 1.00 each 200 200

7. Related party transactions

At the year end, the director owed £3,453 to the company (2023: the company owed the director £321,258). This amount is interest free and repayable on demand.

At the year end, the company was owed nil from associates (2023: £142,605). This amount is interest free. In the year, there was £69,809 sales to the associated company (2023: £484,148) and sales credit notes to the company of £71,547 (2023: £nil).