Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 08996002 Mr Ewan Campbell-Lendrum Mr Jan Tosnar Renfin H2O S.R.O true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08996002 2022-12-31 08996002 2023-12-31 08996002 2023-01-01 2023-12-31 08996002 frs-core:CurrentFinancialInstruments 2023-12-31 08996002 frs-core:Non-currentFinancialInstruments 2023-12-31 08996002 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 08996002 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-12-31 08996002 frs-core:ShareCapital 2023-12-31 08996002 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 08996002 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 08996002 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 08996002 frs-bus:SmallEntities 2023-01-01 2023-12-31 08996002 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 08996002 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 08996002 1 2023-01-01 2023-12-31 08996002 frs-core:CostValuation 2022-12-31 08996002 frs-core:CostValuation 2023-12-31 08996002 frs-core:ProvisionsForImpairmentInvestments 2022-12-31 08996002 frs-core:ProvisionsForImpairmentInvestments 2023-12-31 08996002 frs-bus:Director1 2023-01-01 2023-12-31 08996002 frs-bus:Director2 2023-01-01 2023-12-31 08996002 frs-countries:EnglandWales 2023-01-01 2023-12-31 08996002 2021-12-31 08996002 2022-12-31 08996002 2022-01-01 2022-12-31 08996002 frs-core:CurrentFinancialInstruments 2022-12-31 08996002 frs-core:Non-currentFinancialInstruments 2022-12-31 08996002 frs-core:ShareCapital 2022-12-31 08996002 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 08996002
H2O Power Ltd
Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 08996002
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 124,045 124,045
Investments 5 100 100
124,145 124,145
CURRENT ASSETS
Debtors 6 27,178 32,337
Cash at bank and in hand 4,499 1,024
31,677 33,361
Creditors: Amounts Falling Due Within One Year 7 (923 ) (1,623 )
NET CURRENT ASSETS (LIABILITIES) 30,754 31,738
TOTAL ASSETS LESS CURRENT LIABILITIES 154,899 155,883
Creditors: Amounts Falling Due After More Than One Year 8 (154,354 ) (155,470 )
NET ASSETS 545 413
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 445 313
SHAREHOLDERS' FUNDS 545 413
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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 Ewan Campbell-Lendrum
Director
16/09/2024
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
H2O Power Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08996002 . The registered office is Wellington House 273-275 High Street, London Colney, St Albans, Hertfordshire, AL2 1HA.
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. Turnover
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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
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:
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2022: NIL)
- -
4. Tangible Assets
Land & Property
Leasehold
£
Cost
As at 1 January 2023 124,045
As at 31 December 2023 124,045
Net Book Value
As at 31 December 2023 124,045
As at 1 January 2023 124,045
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5. Investments
Subsidiaries
£
Cost
As at 1 January 2023 100
As at 31 December 2023 100
Provision
As at 1 January 2023 -
As at 31 December 2023 -
Net Book Value
As at 31 December 2023 100
As at 1 January 2023 100
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 3,240 3,240
Prepayments and accrued income 7,615 7,615
Other debtors 16,323 16,323
VAT - 5,159
27,178 32,337
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Accruals and deferred income 900 1,600
Directors' loan accounts 23 23
923 1,623
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Amounts owed to subsidiaries 154,354 155,470
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
10. Related Party Transactions
During the year a loan was provided from H2O Power Generation Ltd to H2O Power Ltd. Interest is payable on the loan at a rate of 4.06% pa. At the balance sheet date the amount due to H2O Power Generation Ltd was £154,353 (2022: £155,469).
11. Ultimate Parent Undertaking and Controlling Party
The company's ultimate parent undertaking is Renfin International a.s . The ultimate controlling party is Renfin H2O S.R.O who controls 51% of the shares of H2O Power Ltd .
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