CE STRATHAVEN LTD

Company Registration Number:
12372590 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

CE STRATHAVEN LTD

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Notes

CE STRATHAVEN LTD

Balance sheet

As at 31 December 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 1,319,145 1,394,370
Total fixed assets: 1,319,145 1,394,370
Current assets
Debtors: 4 174,008 365,402
Cash at bank and in hand: 77,292 94,241
Total current assets: 251,300 459,643
Creditors: amounts falling due within one year:   (604,582) (333,623)
Net current assets (liabilities): (353,282) 126,020
Total assets less current liabilities: 965,863 1,520,390
Creditors: amounts falling due after more than one year:   0 (995,615)
Provision for liabilities: (153,550) (171,881)
Total net assets (liabilities): 812,313 352,894
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 812,213 352,794
Shareholders funds: 812,313 352,894

The notes form part of these financial statements

CE STRATHAVEN LTD

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 16 September 2024
and signed on behalf of the board by:

Name: Sean Notley
Status: Director

The notes form part of these financial statements

CE STRATHAVEN LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Tangible fixed assets and depreciation policy

Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: Plant and machinery - over 20 years Fixtures, fittings, tools and equipment - over 4 years

Other accounting policies

Debtors Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. Creditors Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. Taxation A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. Provisions Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. Foreign currency translation Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

CE STRATHAVEN LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

2. Employees

2023 2022
Average number of employees during the period 0 0

CE STRATHAVEN LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible Assets

Total
Cost £
At 01 January 2023 1,598,913
At 31 December 2023 1,598,913
Depreciation
At 01 January 2023 204,543
Charge for year 75,225
At 31 December 2023 279,768
Net book value
At 31 December 2023 1,319,145
At 31 December 2022 1,394,370

CE STRATHAVEN LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Debtors

2023 2022
££
Debtors due after more than one year: 50,500 50,500

CE STRATHAVEN LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Financial commitments

Total future minimum payments under non-cancellable operating leases were £50,481 (2022: £45,308).

CE STRATHAVEN LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

6. Changes in presentation and prior period adjustments

The company previously prepared its accounts in accordance with FRS5, The Financial Reporting Standard applicable to the Micro-entities Regime, but no longer meets the size criteria to do so. Following the transiton to FRS102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard), deferred tax is required to be recognised, which was not allowed under the previous reporting framework. The impact on equity and profit and loss is detailed below. Reconciliation of equity: At 1 January 2022 Capital & reserves (as previously stated) £147,676 Recognition of deferred tax £(99,763) Capital & reserves (as restated) £47,913 At 31 December 2022 Capital & reserves (as previously stated) £524,775 Recognition of deferred tax £(171,881) Capital & reserves (as restated) £352,894 Reconciliation of profit or loss for year ended 31 December 2022: Profit for the year (as previously stated) £377,099 Recognition of deferred tax £(72,118) Profit for the year (as restated) £304,981

CE STRATHAVEN LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

7. Related party transactions

The immediate parent company is Clean Earth Energy Wind Investments Limited, a company registered in England and Wales, and is regarded by the directors as being the company's ultimate parent company. The ultimate controlling party is Mr S Notley who owns the majority shareholding in the ultimate parent company.