Equinor Blandford Road Limited 11777091 false 2023-04-01 2023-12-31 2023-12-31 The principal activity of the company is the trade of provision of management and technical services relating to the production and sale of electricity. Digita Accounts Production Advanced 6.30.9574.0 true true 11777091 2023-04-01 2023-12-31 11777091 2023-12-31 11777091 bus:OrdinaryShareClass1 2023-12-31 11777091 core:CurrentFinancialInstruments 2023-12-31 11777091 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 11777091 core:ConstructionInProgressAssetsUnderConstruction 2023-12-31 11777091 bus:SmallEntities 2023-04-01 2023-12-31 11777091 bus:Audited 2023-04-01 2023-12-31 11777091 bus:FilletedAccounts 2023-04-01 2023-12-31 11777091 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2023-12-31 11777091 bus:Director4 2023-04-01 2023-12-31 11777091 bus:OrdinaryShareClass1 2023-04-01 2023-12-31 11777091 bus:PrivateLimitedCompanyLtd 2023-04-01 2023-12-31 11777091 core:ConstructionInProgressAssetsUnderConstruction 2023-04-01 2023-12-31 11777091 countries:England 2023-04-01 2023-12-31 11777091 2023-03-31 11777091 core:ConstructionInProgressAssetsUnderConstruction 2023-03-31 11777091 2022-08-01 2023-03-31 11777091 2023-03-31 11777091 bus:OrdinaryShareClass1 2023-03-31 11777091 core:CurrentFinancialInstruments 2023-03-31 11777091 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 11777091 core:ConstructionInProgressAssetsUnderConstruction 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 11777091

Equinor Blandford Road Limited

Filleted Financial Statements

for the Period from 1 April 2023 to 31 December 2023

 

Equinor Blandford Road Limited

Contents

Statement of Financial Position

1

Notes to the Financial Statements

2 to 6

 

Equinor Blandford Road Limited

(Registration number: 11777091)
Statement of Financial Position as at 31 December 2023

Note

As at
31 December
2023
£

As at
31 March
2023
£

Fixed assets

 

Tangible assets

4

18,133,295

15,938,164

Current assets

 

Debtors

5

360,093

220,007

Cash at bank and in hand

 

993,465

2,746,681

 

1,353,558

2,966,688

Creditors: Amounts falling due within one year

6

(774,612)

(31,250)

Net current assets

 

578,946

2,935,438

Net assets

 

18,712,241

18,873,602

Capital and reserves

 

Called up share capital

7

19,000,010

19,000,010

Profit and loss account

(287,769)

(126,408)

Shareholders' funds

 

18,712,241

18,873,602

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the Board on 29 August 2024 and signed on its behalf by:
 


Jean-Francois Lamy
Director

 

Equinor Blandford Road Limited

Notes to the Financial Statements for the Period from 1 April 2023 to 31 December 2023

1

General information

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

On 7 November 2022, the company was sold by Noriker Power Limited to Equinor New Energy Limited.

Principal activity

The principal activity of the company is the trade of provision of management and technical services relating to the production and sale of electricity.

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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

The financial statements are prepared in sterling which is the functional currency of the entity.

Going concern

The financial statements have been prepared on a going concern basis.

 

Equinor Blandford Road Limited

Notes to the Financial Statements for the Period from 1 April 2023 to 31 December 2023 (continued)

2

Accounting policies (continued)

Audit report

The Independent Auditor's Report was unqualified. . The name of the Senior Statutory Auditor who signed the audit report on 17 September 2024 was Adam Croney ACA, who signed for and on behalf of Westcotts (SW) LLP.

.........................................

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than properties under construction, over their estimated useful lives. There has been no depreciation in the year on the assets, as the assets have yet to be utilised and therefore their residual value is still that of the book value and therefore nil depreciation is currently required.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

 

Equinor Blandford Road Limited

Notes to the Financial Statements for the Period from 1 April 2023 to 31 December 2023 (continued)

2

Accounting policies (continued)

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes 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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2 (2023 - 2).

 

Equinor Blandford Road Limited

Notes to the Financial Statements for the Period from 1 April 2023 to 31 December 2023 (continued)

4

Tangible assets

Properties under construction
 £

Total
£

Cost or valuation

At 1 April 2023

15,938,164

15,938,164

Additions

2,195,131

2,195,131

At 31 December 2023

18,133,295

18,133,295

Depreciation

At 1 April 2023

-

-

Charge for the period

-

-

At 31 December 2023

-

-

Carrying amount

At 31 December 2023

18,133,295

18,133,295

At 31 March 2023

15,938,164

15,938,164

5

Debtors

9 month period to
31 December
2023
£

8 month period to
31 March
2023
£

Other debtors

360,093

203,207

Prepayments

-

16,800

360,093

220,007

 

Equinor Blandford Road Limited

Notes to the Financial Statements for the Period from 1 April 2023 to 31 December 2023 (continued)

6

Creditors

Creditors: amounts falling due within one year

9 month period to
31 December
2023
£

8 month period to
31 March
2023
£

Due within one year

Trade creditors

764,612

28,750

Accruals and deferred income

10,000

2,500

774,612

31,250

7

Share capital

Allotted, called up and fully paid shares

 

9 month period to
31 December
2023

8 month period to
31 March
2023

 

No.

£

No.

£

Ordinary of £1 each

19,000,010

19,000,010

19,000,010

19,000,010

         

8

Reserves

Profit and loss account:

This reserve records retained earnings and accumulated losses.