Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31true2022-12-01falseEnvironmental consulting activities11falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13724300 2022-12-01 2023-12-31 13724300 2021-12-01 2022-11-30 13724300 2023-12-31 13724300 2022-11-30 13724300 c:Director1 2022-12-01 2023-12-31 13724300 d:CurrentFinancialInstruments 2023-12-31 13724300 d:CurrentFinancialInstruments 2022-11-30 13724300 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 13724300 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 13724300 d:ShareCapital 2023-12-31 13724300 d:ShareCapital 2022-11-30 13724300 d:RetainedEarningsAccumulatedLosses 2023-12-31 13724300 d:RetainedEarningsAccumulatedLosses 2022-11-30 13724300 c:FRS102 2022-12-01 2023-12-31 13724300 c:AuditExempt-NoAccountantsReport 2022-12-01 2023-12-31 13724300 c:FullAccounts 2022-12-01 2023-12-31 13724300 c:PrivateLimitedCompanyLtd 2022-12-01 2023-12-31 13724300 6 2022-12-01 2023-12-31 13724300 e:PoundSterling 2022-12-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 13724300









GREENFIELD ENERGY LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2023

 
GREENFIELD ENERGY LIMITED
REGISTERED NUMBER: 13724300

BALANCE SHEET
AS AT 31 DECEMBER 2023

 
31 December 2023
30 November 2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 5 
128,675
16,391

Cash at bank and in hand
 6 
-
1

  
128,675
16,392

Creditors: amounts falling due within one year
 7 
(66,636)
(6,652)

Net current assets
  
 
 
62,039
 
 
9,740

Total assets less current liabilities
  
62,039
9,740

  

Net assets
  
62,039
9,740


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
62,038
9,739

  
62,039
9,740


The director considers 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 period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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 profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




D Ring
Director
Page 1

 
GREENFIELD ENERGY LIMITED
REGISTERED NUMBER: 13724300
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023


Date: 13 August 2024

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

Page 2

 
GREENFIELD ENERGY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

1.


General information

Greenfield Energy Limited is a company limited by shares and incorporated in England & Wales under the Companies Act 2006. The address of the registered office is given on the Company information page. The nature of the Company's operations and its principal activities are set out in the Directors’ report. 

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

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that
the company has adequate resources to continue in operational existence for the foreseeable future.
Therefore, the directors have adopted the going concern basis of accounting in preparing the
financial statements.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
GREENFIELD ENERGY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

Taxation

Tax is recognised in profit or loss 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 income 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.

 
2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Profit and loss account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

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. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Page 4

 
GREENFIELD ENERGY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.9
Financial instruments (continued)

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the period was 1 (2022 - 1).

Page 5

 
GREENFIELD ENERGY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

4.


Fixed asset investments








Investments in associates

£





Additions
1


Disposals
(1)



At 31 December Period ended 31 December 2023
-





5.


Debtors

Period ended 31 December 2023
Year ended 30 November 2022
£
£


Trade debtors
390
-

Other debtors
128,285
16,391

128,675
16,391


Page 6

 
GREENFIELD ENERGY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

6.


Cash and cash equivalents

Period ended 31 December 2023
Year ended 30 November 2022
£
£

Cash at bank and in hand
-
1

-
1



7.


Creditors: Amounts falling due within one year

Period ended 31 December 2023
Year ended 30 November 2022
£
£

Corporation tax
-
2,284

Other taxation and social security
-
2,868

Other creditors
64,586
-

Accruals and deferred income
2,050
1,500

66,636
6,652



8.


Related party transactions

Included in other debtors there is an amount of £54,415 (2022: £16,391) owed by the director and £73,870 (2022: £nil) owed by associated companies. Included in other creditors there is an amount of £64,586  (2022: £nil) owed to associated companies.

 
Page 7