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REGISTERED NUMBER: 09835856 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Osprey Energy Limited

Osprey Energy Limited (Registered number: 09835856)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Osprey Energy Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: R G S Sadler
J K Sadler





REGISTERED OFFICE: 29 Alma Road
Reigate
Surrey
RH2 0DH





REGISTERED NUMBER: 09835856 (England and Wales)





ACCOUNTANTS: Nichols & Co ( Accountancy ) Limited
Chartered Accountants
Unit 7
Mulberry Place
Pinnell Road
Eltham
London
SE9 6AR

Osprey Energy Limited (Registered number: 09835856)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £ £
FIXED ASSETS
Tangible assets 4 700,087 750,093
Investments 5 1 1
700,088 750,094

CURRENT ASSETS
Debtors 6 36,500 36,560
Cash at bank 196,877 196,711
233,377 233,271
CREDITORS
Amounts falling due within one year 7 (879,354 ) (1,149,704 )
NET CURRENT LIABILITIES (645,977 ) (916,433 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

54,111

(166,339

)

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 54,011 (166,439 )
SHAREHOLDERS' FUNDS 54,111 (166,339 )

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.

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 21 August 2024 and were signed on its behalf by:



R G S Sadler - Director


Osprey Energy Limited (Registered number: 09835856)

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

1. STATUTORY INFORMATION

Osprey Energy 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.

Hydro power installations over 20 years (once power generation commences)

INVESTMENTS IN ASSOCIATES
Investments in associate undertakings are recognised at cost.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

Osprey Energy Limited (Registered number: 09835856)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£
COST
At 1 April 2023
and 31 March 2024 1,000,124
DEPRECIATION
At 1 April 2023 250,031
Charge for year 50,006
At 31 March 2024 300,037
NET BOOK VALUE
At 31 March 2024 700,087
At 31 March 2023 750,093

5. FIXED ASSET INVESTMENTS
Interest in
associate
undertakings
£
COST
At 1 April 2023
and 31 March 2024 1
NET BOOK VALUE
At 31 March 2024 1
At 31 March 2023 1

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£ £
Other debtors - 60
Prepayments and accrued income 36,500 36,500
36,500 36,560

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£ £
Corporation tax 188 -
VAT 12,338 17,969
Other creditors 412,845 617,845
Directors' current accounts 451,315 511,410
Accruals and deferred income 2,668 2,480
879,354 1,149,704

Osprey Energy Limited (Registered number: 09835856)

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

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal Value: 31.3.24 31.3.23
£    £   
100 Ordinary £1 100 100

Allotted:
Number: Class: Nominal Value: 31.3.24 31.3.23
£    £   
1,599,900 Ordinary £1 1,599,900 1,599,900

9. RESERVES
Retained
earnings
£

At 1 April 2023 (166,439 )
Profit for the year 220,450
At 31 March 2024 54,011

10. RELATED PARTY DISCLOSURES

Included in creditors falling due within one year are loans advanced to the company by director,Mr R G S Sadler and Mrs J K Sadler amounting to £451,315 (2023: £511,410) There are no fixed term and no interest has been charged on the outstanding balance.

Included in creditors falling due within one year are separate loans from other investors associated with Mr and Mrs Sadler, totalling £412,845 (2023: £617,845). There are no fixed terms and no interest has been charged on the outstanding balance.

The loans were advanced in order to fund the costs of constructing the hydro-electric projects.

11. ULTIMATE CONTROLLING PARTY

There is no controlling party.