Registered number
06092327
RENEWABLE POWER CONSULTING LTD
Filleted Accounts
29 February 2024
RENEWABLE POWER CONSULTING LTD
Registered number: 06092327
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 21,528 28,466
Investments 4 1,474,099 1,634,224
1,495,627 1,662,690
Current assets
Debtors 5 47,908 195,030
Cash at bank and in hand 70,493 123,243
118,401 318,273
Creditors: amounts falling due within one year 6 (2,006) (8,879)
Net current assets 116,395 309,394
Total assets less current liabilities 1,612,022 1,972,084
Creditors: amounts falling due after more than one year 7 (11,250) (16,251)
Provisions for liabilities
Deferred tax (2,525) (5,408)
Net assets 1,598,247 1,950,425
Capital and reserves
Called up share capital 100 100
Revaluation reserve 8 1,225,474 1,513,222
Profit and loss account 372,673 437,103
Shareholders' funds 1,598,247 1,950,425
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Jonathan Mark Bensted
Director
Approved by the board on 10 July 2024
RENEWABLE POWER CONSULTING LTD
Notes to the Accounts
for the year ended 29 February 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Motor vehicle 25% reducing balance
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 March 2023 19,890 50,990 70,880
Additions 239 - 239
At 29 February 2024 20,129 50,990 71,119
Depreciation
At 1 March 2023 12,935 29,479 42,414
Charge for the year 1,799 5,378 7,177
At 29 February 2024 14,734 34,857 49,591
Net book value
At 29 February 2024 5,395 16,133 21,528
At 28 February 2023 6,955 21,511 28,466
4 Investments
Investments in Other
associates investments Total
£ £ £
Cost
At 1 March 2023 1,513,224 121,000 1,634,224
Additions - 260,051 260,051
Revaluation gain/(loss) (287,748) (11,428) (299,176)
Disposals - (121,000) (121,000)
At 29 February 2024 1,225,476 248,623 1,474,099
5 Debtors 2024 2023
£ £
Other debtors 47,908 195,030
6 Creditors: amounts falling due within one year 2024 2023
£ £
Accruals and deferred income 1,800 1,800
Directors current account - 7,079
Other creditors 206 -
2,006 8,879
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 11,250 16,251
8 Revaluation reserve 2024 2023
£ £
At 1 March 2023 1,513,222 1,436,630
(Loss)/gain on revaluation of investments (287,748) 76,592
At 29 February 2024 1,225,474 1,513,222
9 Related party transactions
Loans to related parties
Entities with significant influence or key management personnel
2024 2023
£ £
Brought forward 168,384 90,600
For the year 74,707 77,784
Repaid (196,684) -
Carry forward 46,407 168,384
Loans were provided to entities by the company with significant influence or key management personnel. Loan amounts were equivalent with no interest being charged and no fixed terms of repayment
Income from the related parties
The company rendered services to the following companies with common director or significant influence.
2024 2023
£ £
Dragon Hydro Ltd 11,617 7,686
8 Minute Energy Ltd 9,000 -
20,617 7,686
10 Other information
RENEWABLE POWER CONSULTING LTD is a private company limited by shares and incorporated in England. Its registered office is:
5 Dane Close
Winsley
Bradford-On-Avon
BA15 2NA
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