HyCap Hydrogen Production Company 3 UK Limited Filleted Accounts Cover
HyCap Hydrogen Production Company 3 UK Limited
Company No. 14548853
Information for Filing with The Registrar
31 December 2023
HyCap Hydrogen Production Company 3 UK Limited Balance Sheet Registrar
at
31 December 2023
Company No.
14548853
Notes
2023
£
Fixed assets
Investments
4
8,024,917
8,024,917
Current assets
Debtors
5
6,455,087
6,455,087
Creditors: Amount falling due within one year
6
(6,457,245)
Net current liabilities
(2,158)
Total assets less current liabilities
8,022,759
Net assets
8,022,759
Capital and reserves
Called up share capital
55,921
Share premium account
8
5,536,173
Capital contribution reserve
8
2,432,823
Profit and loss account
8
(2,158)
Total equity
8,022,759
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the period ended 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 19 September 2024 and signed on its behalf by:
L. Spencer-Wilson
Director
19 September 2024
HyCap Hydrogen Production Company 3 UK Limited Notes to the Accounts Registrar
for the period ended 31 December 2023
1
General information
HyCap Hydrogen Production Company 3 UK Limited is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 14548853
Its registered office is:
Central House
20 Central Avenue
St Andrews Business Park
Norwich
NR7 0HR
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2
Accounting policies
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Investments
Unlisted investments (except those held as subsidiaries, associates or joint ventures) are recognised initially at fair value less attributable transaction costs. Subsequent to initial recognition, any changes in fair value are recognised in profit and loss.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Foreign currencies
The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.
Transactions in currencies, other than the functional currency of the Company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. all differences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.
3
Employees
2023
Number
The average monthly number of employees (including directors) during the period:
2
4
Investments
Other investments
Total
£
£
Cost or valuation
Additions
8,024,917
8,024,917
At 31 December 2023
8,024,917
8,024,917
Provisions/Impairment
Net book values
At 31 December 2023
8,024,917
8,024,917
Other investments represents a minority stake in Liquid Wind AB, a company registered in Sweden.
5
Debtors
2023
£
Other debtors
6,328,857
Prepayments and accrued income
126,230
6,455,087
6
Creditors:
amounts falling due within one year
2023
£
Bank loans and overdrafts
658
Amounts owed to group undertakings
1,500
Other creditors
6,328,857
Accruals and deferred income
126,230
6,457,245
7
Share Capital
On incorporation the company issued 1 £0.01 Ordinary share, which is fully paid up at par. On 4th July 2023 the company issued a further 5,952,094 £0.01 Ordinary shares, which are paid at a premium of £1.00 per share.
8
Reserves
Capital contribution reserve
Total other reserves
£
£
Capital contributions received in the year
2,432,823
2,432,823
At 31 December 2023
2,432,8232,432,823
Capital contribution reserve represents funds received from the parent company, not in exchange for shares, recognised in equity.
Share premium account - includes any premiums received on issue of share capital. Any transaction costs associated with the issuing of shares are deducted from share premium.
Profit and loss account - includes all current and prior period retained profits and losses.
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