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World's End Farm Solar Park Limited

Annual Report and Financial Statements
Year Ended 31 December 2023

Registration number: 12320285

 

World's End Farm Solar Park Limited

Contents

Balance Sheet

1

Notes to the Financial Statements

2 to 5

 

World's End Farm Solar Park Limited

Balance Sheet

31 December 2023

Note

2023
£

2022
£

Current assets

 

Debtors

4

126,568

116,766

Cash at bank and in hand

 

100

100

 

126,668

116,866

Creditors: Amounts falling due within one year

5

(126,568)

(116,766)

Net assets

 

100

100

Capital and reserves

 

Called up share capital

6

100

100

Shareholders' funds

 

100

100

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 6 March 2024 and signed on its behalf by:
 

.........................................
Mr G Phillips
Director

Company Registration Number: 12320285

 

World's End Farm Solar Park Limited

Notes to the Financial Statements

Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
35 - 35A The Maltings
Lower Charlton Trading Estate
Shepton Mallet
Somerset
England
BA4 5QE

These financial statements were authorised for issue by the Board on 6 March 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis. The company is in the final stages of development of a solar park. The company is reliant on other group companies for financial and non financial support. This support is not expected to be withdrawn for the foreseeable future. At the time of approval of the financial statements, the company is undergoing an expected sale. If this proceeds, the company would be reliant on the new group and parent company for financial and non financial support.

Judgements

The preparation of the financial statements requires the directors to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date, and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates.

Other debtors represent certain costs that have been incurred in advance of the solar park being developed. The directors assess whether the costs meet the recognition criteria of an asset. Recoverability is assessed either by way of the costs being refundable or whether they will be absorbed into the overall cost of the solar park.

 

World's End Farm Solar Park Limited

Notes to the Financial Statements

Year Ended 31 December 2023

Tax

axation 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 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.

Financial instruments

Classification
The company holds the following financial instruments:

• Short term trade and other debtors and creditors; and
• Balances due to group undertakings.

All financial instruments are classified as basic.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.


 

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2022 - 0).

 

World's End Farm Solar Park Limited

Notes to the Financial Statements

Year Ended 31 December 2023

4

Debtors

2023
£

2022
£

Other debtors

126,568

116,766

5

Creditors

2023
£

2022
£

Due within one year

Amounts owed to group undertakings

126,568

116,766

6

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Shareholding of £1 each

100

100

100

100

         

7

Related party transactions

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with other wholly owned subsidiaries within the group.

8

Audit report

The Independent Auditors' Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report was Tom Beable, who signed for and on behalf of PKF Francis Clark on 6 March 2024.

 

World's End Farm Solar Park Limited

Notes to the Financial Statements

Year Ended 31 December 2023

9

Parent and ultimate parent undertaking

The company's immediate parent is BSR Energy Limited, incorporated in England & Wales.

 The ultimate parent is Owl TopCo 1 Limited, incorporated in England & Wales.

 

The smallest group in which the results of the company are consolidated is that headed by BSR Group Holdings Limited, a company registered in England & Wales. The largest group in which the results of the company is consolidated is that headed by Owl TopCo 1 Limited, a company registered in England & Wales. Copies of the publicly available consolidated financial statements may be obtained from the Registrar of Companies.

The directors do not consider there to be any individual who has ultimate control.