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Registered Number: 11697728
England and Wales

 

 

 

SINCLAIR ENERGY PARTNERS LTD


Abridged Accounts
 


Period of accounts

Start date: 01 December 2022

End date: 30 November 2023
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Intangible fixed assets 3 1,884    2,114 
Tangible fixed assets 4 1,033,347    386,913 
1,035,231    389,027 
Current assets      
Debtors 271,604    810,012 
Cash at bank and in hand 3,768,068    4,045,739 
4,039,672    4,855,751 
Creditors: amount falling due within one year (82,370)   (416,837)
Net current assets 3,957,302    4,438,914 
 
Total assets less current liabilities 4,992,533    4,827,941 
Accruals and deferred income (392,489)   (560,128)
Provisions for liabilities   (57)
Net assets 4,600,044    4,267,756 
 

Capital and reserves
     
Called up share capital 5 2    2 
Profit and loss account 4,600,042    4,267,754 
Shareholders' funds 4,600,044    4,267,756 
 


For the year ended 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 profit and loss account has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 26 August 2024 and were signed by:


-------------------------------
Harshal Rajivkumar INDANI
Director
1
General Information
SINCLAIR ENERGY PARTNERS LTD is a private company, limited by shares, registered in England and Wales, registration number 11697728, registration address 9 , Queen Elizabeth Way, Woking, GU22 9AG.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government Grants received towards Kickstart Scheme and Customs has been treated as Government Grants in Profit and Loss.
Research and development expenditure
Research and development expenditure is charged to the profit and loss account in the period in which it is incurred.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the profit and loss account.
Taxation
Taxation represents the sum of tax currently payable. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company's liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Dividends
Proposed dividends are only included as liabilities in the balance sheet when their payment has been approved by the shareholders prior to the balance sheet date.
Trade Mark
Trade Mark is stated at cost less amortization. Amortization is calculated on a straight line basis over the estimated expected useful economic life of the Trade Mark of 10 years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 25% Straight Line
Motor Vehicles 25% Straight Line
Fixtures and Fittings 25% Straight Line
Computer Equipment 25% Straight Line
Long Life Tangible fixed assets
Long Life Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

                    Long Life Plant and Machinery                                    5% Reducing Balance

2.

Average number of employees

Average number of employees during the year was 2 (2022 : 3).
3.

Intangible fixed assets

Cost Trade Mark   Total
  £   £
At 01 December 2022 2,296    2,296 
Additions  
Disposals  
At 30 November 2023 2,296    2,296 
Amortisation
At 01 December 2022 182    182 
Charge for year 230    230 
On disposals  
At 30 November 2023 412    412 
Net book values
At 30 November 2023 1,884    1,884 
At 30 November 2022 2,114    2,114 


4.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Fixtures and Fittings   Computer Equipment   Investment properties   Total
  £   £   £   £   £   £
At 01 December 2022 465,597      17,910    7,619      491,126 
Additions 432,633    48,342    52,001    6,079    386,971    926,026 
Disposals (45,678)           (45,678)
At 30 November 2023 852,552    48,342    69,911    13,698    386,971    1,371,474 
Depreciation
At 01 December 2022 97,133      5,605    1,475      104,213 
Charge for year 202,097    2,384    16,681    2,911    18,288    242,361 
On disposals (8,447)           (8,447)
At 30 November 2023 290,783    2,384    22,286    4,386    18,288    338,127 
Net book values
Closing balance as at 30 November 2023 561,769    45,958    47,625    9,312    368,683    1,033,347 
Opening balance as at 01 December 2022 368,464      12,305    6,144      386,913 


5.

Share Capital

Allotted, called up and fully paid
2023
£
  2022
£
2 Ordinary shares of £1.00 each  
 

6.

Related Party Note

As on the balance sheet date 30.11.2023 the below balances are outstanding from its subsidiary companies (Related Parties) :

1. Savitr Innovations Ltd : £56,618.98 (Included in Other Debtors)


2