0 false false false false false false false false false false true false false false false false false 2023-01-01 Sage Accounts Production Advanced 2023 - FRS102_2023 570,305 216,769 xbrli:pure xbrli:shares iso4217:GBP 12099613 2023-01-01 2023-12-31 12099613 2023-12-31 12099613 2022-12-31 12099613 2022-01-01 2022-12-31 12099613 2022-12-31 12099613 2021-12-31 12099613 bus:RegisteredOffice 2023-01-01 2023-12-31 12099613 bus:Director1 2023-01-01 2023-12-31 12099613 bus:Director2 2023-01-01 2023-12-31 12099613 core:WithinOneYear 2023-12-31 12099613 core:WithinOneYear 2022-12-31 12099613 core:RetainedEarningsAccumulatedLosses 2022-01-01 2022-12-31 12099613 core:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 12099613 core:ShareCapital 2023-12-31 12099613 core:ShareCapital 2022-12-31 12099613 core:RetainedEarningsAccumulatedLosses 2023-12-31 12099613 core:RetainedEarningsAccumulatedLosses 2022-12-31 12099613 core:ShareCapital 2021-12-31 12099613 core:RetainedEarningsAccumulatedLosses 2021-12-31 12099613 core:CostValuation core:Non-currentFinancialInstruments 2022-12-31 12099613 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2023-12-31 12099613 core:DisposalsRepaymentsInvestments core:Non-currentFinancialInstruments 2023-12-31 12099613 core:CostValuation core:Non-currentFinancialInstruments 2023-12-31 12099613 core:Non-currentFinancialInstruments 2023-12-31 12099613 core:Non-currentFinancialInstruments 2022-12-31 12099613 bus:SmallEntities 2023-01-01 2023-12-31 12099613 bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 12099613 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 12099613 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 12099613 bus:FullAccounts 2023-01-01 2023-12-31
COMPANY REGISTRATION NUMBER: 12099613
Boultbee Brooks Renewable Energy Limited
Unaudited Financial Statements
31 December 2023
Boultbee Brooks Renewable Energy Limited
Financial Statements
Year ended 31 December 2023
Contents
Page
Directors' report
1
Statement of comprehensive income
2
Statement of financial position
3
Statement of changes in equity
5
Notes to the financial statements
6
Boultbee Brooks Renewable Energy Limited
Directors' Report
Year ended 31 December 2023
The directors present their report and the unaudited financial statements of the company for the year ended 31 December 2023 .
Principal activities
The principal activity of the company during the period was that of a holding company for a group engaged in the development of solar sites for the purpose of generating and selling electricity.
Directors
The directors who served the company during the year were as follows:
L. Roberts
C.E. Boultbee Brooks
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 19 August 2024 and signed on behalf of the board by:
L. Roberts
Director
Registered office:
Formal House
60 St Georges Place
Cheltenham
GL50 3PN
Boultbee Brooks Renewable Energy Limited
Statement of Comprehensive Income
Year ended 31 December 2023
2023
2022
Note
£
£
Turnover
483,000
Cost of sales
438,133
89,692
---------
--------
Gross profit/(loss)
44,867
( 89,692)
Administrative expenses
139,312
127,077
---------
---------
Operating loss
( 94,445)
( 216,769)
Income from fixed asset investments
663,322
Other interest receivable and similar income
1,428
---------
---------
Profit/(loss) before taxation
570,305
( 216,769)
Tax on profit/(loss)
---------
---------
Profit/(loss) for the financial year and total comprehensive income
570,305
( 216,769)
---------
---------
All the activities of the company are from continuing operations.
Boultbee Brooks Renewable Energy Limited
Statement of Financial Position
31 December 2023
2023
2022
Note
£
£
Fixed assets
Investments
4
80,174
1,000
Current assets
Stocks
239,729
Debtors
5
3,065,263
1,873,807
Cash at bank and in hand
72,923
933
------------
------------
3,138,186
2,114,469
Creditors: amounts falling due within one year
6
3,114,369
2,581,783
------------
------------
Net current assets/(liabilities)
23,817
( 467,314)
---------
---------
Total assets less current liabilities
103,991
( 466,314)
---------
---------
Net assets/(liabilities)
103,991
( 466,314)
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
103,891
( 466,414)
---------
---------
Shareholders funds/(deficit)
103,991
( 466,314)
---------
---------
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Boultbee Brooks Renewable Energy Limited
Statement of Financial Position (continued)
31 December 2023
These financial statements were approved by the board of directors and authorised for issue on 19 August 2024 , and are signed on behalf of the board by:
L. Roberts
Director
Company registration number: 12099613
Boultbee Brooks Renewable Energy Limited
Statement of Changes in Equity
Year ended 31 December 2023
Called up share capital
Profit and loss account
Total
£
£
£
At 1 January 2022
100
( 249,645)
( 249,545)
Loss for the year
( 216,769)
( 216,769)
----
---------
---------
Total comprehensive income for the year
( 216,769)
( 216,769)
At 31 December 2022
100
( 466,414)
( 466,314)
Profit for the year
570,305
570,305
----
---------
---------
Total comprehensive income for the year
570,305
570,305
----
---------
---------
At 31 December 2023
100
103,891
103,991
----
---------
---------
Boultbee Brooks Renewable Energy Limited
Notes to the Financial Statements
Year ended 31 December 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Formal House, 60 St Georges Place, Cheltenham, GL50 3PN.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Stocks
Work in progress represents preliminary costs incurred to establish a solar site. As soon as certain milestones are reached,the site and associated costs are transferred to a special purpose subsidiary company. Work in progress is stated at the lower of cost and net realisable value. On 1 January 2023 opening work in progress was transferred to prepayments and thereafter all such costs are included within prepayments prior to transfer to a special purpose subsidiary company.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4. Investments
Shares in group undertakings
Other investments other than loans
Total
£
£
£
Cost
At 1 January 2023
1,000
1,000
Additions
500
78,874
79,374
Disposals
( 200)
( 200)
-------
--------
--------
At 31 December 2023
1,300
78,874
80,174
-------
--------
--------
Impairment
At 1 January 2023 and 31 December 2023
-------
--------
--------
Carrying amount
At 31 December 2023
1,300
78,874
80,174
-------
--------
--------
At 31 December 2022
1,000
1,000
-------
--------
--------
5. Debtors
2023
2022
£
£
Amounts owed by group undertakings and undertakings in which the company has a participating interest
2,566,439
1,855,799
Other debtors
498,824
18,008
------------
------------
3,065,263
1,873,807
------------
------------
6. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
288,876
199,290
Amounts owed to group undertakings and undertakings in which the company has a participating interest
2,825,493
2,379,493
Other creditors
3,000
------------
------------
3,114,369
2,581,783
------------
------------
7. Controlling party
The intermediate parent company is Boultbee Developments Limited and the ultimate parent company is Boultbee Developments (NO.1) Limited. Their registered office is: Formal House, 60 St Georges Place, Cheltenham, GL50 3PN. .