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REGISTERED NUMBER: 12562055 (England and Wales)















SEVEN YIELD RENEWABLES LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023






SEVEN YIELD RENEWABLES LIMITED (REGISTERED NUMBER: 12562055)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SEVEN YIELD RENEWABLES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: C S S Bondi
K Ross
J Westad





REGISTERED OFFICE: 40 Brighton Road
Sutton
SM2 5BN





REGISTERED NUMBER: 12562055 (England and Wales)





AUDITORS: Rothmans Audit LLP
Statutory Auditors
Chartered Accountants
Fryern House
125 Winchester Road
Chandlers Ford
Hampshire
SO53 2DR

SEVEN YIELD RENEWABLES LIMITED (REGISTERED NUMBER: 12562055)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £ £
CURRENT ASSETS
Debtors 4 100 750,100
Cash at bank 4,237 8,086
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,337

758,186

CAPITAL AND RESERVES
Called up share capital 110 110
Retained earnings 4,227 758,076
4,337 758,186

The 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 September 2024 and were signed on its behalf by:





C S S Bondi - Director


SEVEN YIELD RENEWABLES LIMITED (REGISTERED NUMBER: 12562055)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Seven Yield Renewables Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 12562055 and its registered address is 40 Brighton Road, Sutton, SM2 5BN.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The company's presentation currency is £ Sterling.

Going concern
The financial statements have been prepared on the going concern basis.

Significant judgements and estimates
The preparation of the financial statements requires management 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.

The directors do not consider there to be any significant judgements or estimates used in the preparation of the accounts.

Financial instruments
The company only has financial assets and liabilities that would qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and debt instruments are subsequently measured at amortised cost.

Taxation
Taxation 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 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.

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 AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

SEVEN YIELD RENEWABLES LIMITED (REGISTERED NUMBER: 12562055)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Amounts owed by group undertakings 100 100
Other debtors - 750,000
100 750,100

5. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Robin Lloyd (Senior Statutory Auditor)
for and on behalf of Rothmans Audit LLP

6. RELATED PARTY DISCLOSURES

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 wholly owned subsidiaries within the group.

7. ULTIMATE PARENT COMPANY AND ULTIMATE CONTROLLING PARTY

The immediate parent Company is Siem Investments Sàrl, a company registered in Luxembourg.

Siem Industries S.A. is the majority shareholder of Siem Investments Sàrl and is controlled by Kristian Siem. Siem Industries S.A. is registered in Luxembourg. Copies of the publicly available consolidated financial statements can be obtained from 36-38 Grand Rue, L-1660 Luxembourg, Grand Duchy of Luxembourg.