Caseware UK (AP4) 2023.0.135 2023.0.135 true2023-01-01falseis that of electricity production.00trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 06711448 2023-01-01 2023-12-31 06711448 2023-12-31 06711448 2022-01-01 2022-12-31 06711448 2022-12-31 06711448 c:Director4 2023-01-01 2023-12-31 06711448 d:CurrentFinancialInstruments 2023-12-31 06711448 d:CurrentFinancialInstruments 2022-12-31 06711448 d:Non-currentFinancialInstruments 2023-12-31 06711448 d:Non-currentFinancialInstruments 2022-12-31 06711448 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 06711448 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 06711448 d:ShareCapital 2023-12-31 06711448 d:ShareCapital 2022-12-31 06711448 d:RetainedEarningsAccumulatedLosses 2023-12-31 06711448 d:RetainedEarningsAccumulatedLosses 2022-12-31 06711448 c:OrdinaryShareClass1 2023-01-01 2023-12-31 06711448 c:OrdinaryShareClass1 2023-12-31 06711448 c:OrdinaryShareClass1 2022-12-31 06711448 c:FRS102 2023-01-01 2023-12-31 06711448 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 06711448 c:FullAccounts 2023-01-01 2023-12-31 06711448 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 06711448 d:Right-of-useInvestmentProperty 2023-01-01 2023-12-31 06711448 d:Right-of-useInvestmentProperty 2023-12-31 06711448 d:Right-of-useInvestmentProperty 2022-12-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 06711448













Wainstones Energy Limited

Financial statements
Information for filing with the registrar

31 December 2023




 
Wainstones Energy Limited


Balance sheet
At 31 December 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible fixed assets
 4 
8,938,491
8,642,741

  
8,938,491
8,642,741

Current assets
  

Debtors: amounts falling due after more than one year
 5 
2,785,397
-

Debtors
 5 
22,700
1,213,157

Cash at bank and in hand
  
61,043
454,667

  
2,869,140
1,667,824

Creditors: amounts falling due within one year
 6 
(45,755,799)
(44,334,915)

Net current liabilities
  
 
 
(42,886,659)
 
 
(42,667,091)

Total assets less current liabilities
  
(33,948,168)
(34,024,350)

  

Net liabilities
  
(33,948,168)
(34,024,350)


Capital and reserves
  

Called up share capital 
 7 
1
1

Profit and loss account
  
(33,948,169)
(34,024,351)

Shareholders' deficit
  
(33,948,168)
(34,024,350)


1

 
Wainstones Energy Limited

    
Balance sheet (continued)
At 31 December 2023

The directors consider 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 year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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 statement of comprehensive income 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 on 28 August 2024.




S J Pickup
Director

Company registered number: 06711448
The notes on pages 3 to 5 form part of these financial statements. 
2

 
Wainstones Energy Limited
 
 

Notes to the financial statements
Year ended 31 December 2023

1.


General information

Wainstones Energy Limited is a private company limited by shares incorporated and domiciled in England and Wales. The registered office is 26 Ellerbeck Court, Stokesley, Middlesbrough, England, TS9 5PT.

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.

  
2.2

Going concern

The company has the continuing support of it's fellow group and related companies. On this basis, the directors consider it appropriate to prepare the accounts on the going concern basis.

 
2.3

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Assets in the course of construction are not depreciated.

  
2.4

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The company has no employees other than the directors, who did not receive any remuneration.


3

 
Wainstones Energy Limited
 
 

Notes to the financial statements
Year ended 31 December 2023

4.


Tangible fixed assets


Property under construction

£



Cost


At 1 January 2023
8,642,741


Additions at cost
295,750



At 31 December 2023
8,938,491







5.


Debtors

2023
2022
£
£

Due after more than one year

Grid securities
2,785,397
-

2,785,397
-


2023
2022
£
£

Due within one year

Other debtors
22,413
1,212,897

Prepayments and accrued income
287
260

22,700
1,213,157


4

 
Wainstones Energy Limited
 
 

Notes to the financial statements
Year ended 31 December 2023

6.


Creditors: amounts falling due within one year

2023
2022
£
£

Trade creditors
1,080
9,534

Amounts owed to group undertakings
45,752,119
43,707,587

Other taxation and social security
-
603,179

Accruals and deferred income
2,600
14,615

45,755,799
44,334,915


Included within amounts owed to group undertakings is an amount that is secured by a fixed and floating charge over the assets of the company. The amount £18,437,644 (2022: £16,446,644) is owed to Wainstones Investments Limited.


7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



50 (2022 - 50) Ordinary shares of £0.01 each
1
1



8.


Parent company

The company is a subsidiary of Carlton Investments (Holdings) Limited by virtue of it holding all share capital.
The ultimate controlling entity is Carlton Energy Limited.
The registered office of Carlton Energy Limited is 26 Ellerbeck Court, Stokesley, Middlesbrough, England, TS9 5PT.

 
5