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Registered number: 13030946
Adhara Solar Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
Mendip Accounting Solutions Ltd
6 Hill Road
Clevedon
North Somerset
BS21 7NE
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—5
Page 1
Company Information
Directors Mr Martyn Tuffs
Mr Simon Coulson
Mr Benjamin Moore
Company Number 13030946
Registered Office 30 Third Floor Rear
Queen Square
Bristol
Somerset
BS1 4ND
Accountants Mendip Accounting Solutions Ltd
6 Hill Road
Clevedon
North Somerset
BS21 7NE
Page 1
Page 2
Balance Sheet
Registered number: 13030946
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 139,545 114,750
139,545 114,750
CURRENT ASSETS
Debtors 5 - 6,600
- 6,600
Creditors: Amounts Falling Due Within One Year 6 (143,824 ) (124,928 )
NET CURRENT ASSETS (LIABILITIES) (143,824 ) (118,328 )
TOTAL ASSETS LESS CURRENT LIABILITIES (4,279 ) (3,578 )
NET LIABILITIES (4,279 ) (3,578 )
CAPITAL AND RESERVES
Called up share capital 7 10 10
Profit and Loss Account (4,289 ) (3,588 )
SHAREHOLDERS' FUNDS (4,279) (3,578)
Page 2
Page 3
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.
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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Martyn Tuffs
Director
31/08/2024
The notes on pages 4 to 5 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Adhara Solar Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13030946 . The registered office is 30 Third Floor Rear, Queen Square, Bristol, Somerset, BS1 4ND.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern, however, the going concern basis remains appropriate.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Assets under construction contain capitalised development expenditure, including interest costs on associated borrowings, incurred in bringing an asset to a usable state. If it is deemed no longer economically viable to develop an asset, the relevant capitalised costs would be written off. The gain or loss arising on the disposal of the asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
Assets under construction Not depreciated until in use
2.4 Fixed asset investments
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and
subsequently measured at cost less any accumulated impairment losses. The investments are assessed for
impairment at each reporting date and any impairment losses or reversals of impairment losses are
recognised immediately in profit or loss.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2022: NIL)
- -
4. Tangible Assets
Assets under construction
£
Cost
As at 1 January 2023 114,750
Additions 24,795
As at 31 December 2023 139,545
Net Book Value
As at 31 December 2023 139,545
As at 1 January 2023 114,750
5. Debtors
2023 2022
£ £
Due within one year
Other debtors - 6,600
Page 4
Page 5
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Group Undertaking 142,999 124,128
Other creditors 825 800
143,824 124,928
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 10 10
8. Ultimate Controlling Party
The parent company is Aura Power Solar UK Ltd, a company incorporated in the United Kingdom. The
registered office for Aura Power Solar UK Ltd is 30 Queen Square, Penthouse Office, Bristol, BS1 4ND. The
ultimate controlling party is Aura Power Developments Limited, a company incorporated in the United
Kingdom, which is registered at the same address as the parent.
Page 5