Holemoor Solar Ltd 14704080 false 2023-03-03 2024-03-31 2024-03-31 The principal activity of the company is the production of electricity. Digita Accounts Production Advanced 6.30.9574.0 true true 14704080 2023-03-03 2024-03-31 14704080 2024-03-31 14704080 core:CurrentFinancialInstruments 2024-03-31 14704080 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 14704080 core:PlantMachinery 2024-03-31 14704080 1 2024-03-31 14704080 bus:SmallEntities 2023-03-03 2024-03-31 14704080 bus:AuditExemptWithAccountantsReport 2023-03-03 2024-03-31 14704080 bus:FilletedAccounts 2023-03-03 2024-03-31 14704080 bus:SmallCompaniesRegimeForAccounts 2023-03-03 2024-03-31 14704080 bus:RegisteredOffice 2023-03-03 2024-03-31 14704080 bus:Director2 2023-03-03 2024-03-31 14704080 bus:PrivateLimitedCompanyLtd 2023-03-03 2024-03-31 14704080 core:PlantMachinery 2023-03-03 2024-03-31 14704080 countries:EnglandWales 2023-03-03 2024-03-31 14704080 1 2023-03-03 2024-03-31 14704080 1 2023-03-02 iso4217:GBP xbrli:pure

Registration number: 14704080

Holemoor Solar Ltd

Unaudited Filleted Financial Statements

for the Period from 3 March 2023 to 31 March 2024

 

Holemoor Solar Ltd

Contents

Statement of Financial Position

1

Notes to the Unaudited Financial Statements

2 to 5

 

Holemoor Solar Ltd

(Registration number: 14704080)
Statement of Financial Position as at 31 March 2024

Note

2024
£

Fixed assets

 

Tangible assets

4

15,225

Current assets

 

Debtors

5

12

Cash at bank and in hand

 

24,761

 

24,773

Creditors: Amounts falling due within one year

6

(41,998)

Net current liabilities

 

(17,225)

Net liabilities

 

(2,000)

Capital and reserves

 

Called up share capital

2

Profit and loss account

(2,002)

Shareholders' deficit

 

(2,000)

For the financial period ending 31 March 2024 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 period 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. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the Board on 15 August 2024 and signed on its behalf by:
 


C J Spry
Director

 

Holemoor Solar Ltd

Notes to the Unaudited Financial Statements for the Period from 3 March 2023 to 31 March 2024

1

General information

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

The address of its registered office is:
Lucas House
Combe St. Nicholas
Chard
Somerset
TA20 3HQ
England

Principal activity

The principal activity of the company is the production of electricity.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling which is the functional currency of the entity.

Going concern

The financial statements have been prepared on a going concern basis which assumes the company will continue in operational existence for the foreseeable future. The validity of this assumption depends on the continued support of the company directors including loans made to the company by the directors.

The directors have a reasonable expectation that the company has adequate resources to continue to meet its financial obligations as they fall due, for at least 12 months from the date of signing these financial statements. The directors therefore believe that it is appropriate for the financial statements to be prepared on the going concern basis.

 

Holemoor Solar Ltd

Notes to the Unaudited Financial Statements for the Period from 3 March 2023 to 31 March 2024 (continued)

2

Accounting policies (continued)

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

4% straight line

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 0.

 

Holemoor Solar Ltd

Notes to the Unaudited Financial Statements for the Period from 3 March 2023 to 31 March 2024 (continued)

4

Tangible assets

Plant and machinery
£

Total
£

Cost or valuation

Additions

15,225

15,225

At 31 March 2024

15,225

15,225

Depreciation

Carrying amount

At 31 March 2024

15,225

15,225

5

Debtors

2024
£

Other debtors

12

12

6

Creditors

Creditors: amounts falling due within one year

2024
£

Due within one year

Accruals and deferred income

1,000

Other creditors

40,998

41,998

7

Reserves

Profit and loss account:

This reserve records retained earnings and accumulated losses.

 

Holemoor Solar Ltd

Notes to the Unaudited Financial Statements for the Period from 3 March 2023 to 31 March 2024 (continued)

8

Related party transactions

Transactions with directors

2024

At 3 March 2023
£

Advances to director
£

Repayments by director
£

At 31 March 2024
£

Directors

-

2

(41,000)

(40,998)