Caseware UK (AP4) 2023.0.135 2023.0.135 2023-01-01falseEnergy project development.00truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03886291 2023-01-01 2023-12-31 03886291 2023-12-31 03886291 2022-01-01 2022-12-31 03886291 2022-12-31 03886291 c:Director4 2023-01-01 2023-12-31 03886291 d:PlantMachinery 2023-01-01 2023-12-31 03886291 d:PlantMachinery 2023-12-31 03886291 d:PlantMachinery 2022-12-31 03886291 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 03886291 d:MotorVehicles 2023-01-01 2023-12-31 03886291 d:MotorVehicles 2023-12-31 03886291 d:MotorVehicles 2022-12-31 03886291 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 03886291 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 03886291 d:FreeholdInvestmentProperty 2023-01-01 2023-12-31 03886291 d:FreeholdInvestmentProperty 2023-12-31 03886291 d:FreeholdInvestmentProperty 2022-12-31 03886291 d:CurrentFinancialInstruments 2023-12-31 03886291 d:CurrentFinancialInstruments 2022-12-31 03886291 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 03886291 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 03886291 d:ShareCapital 2023-12-31 03886291 d:ShareCapital 2022-12-31 03886291 d:OtherMiscellaneousReserve 2023-12-31 03886291 d:OtherMiscellaneousReserve 2022-12-31 03886291 d:RetainedEarningsAccumulatedLosses 2023-12-31 03886291 d:RetainedEarningsAccumulatedLosses 2022-12-31 03886291 c:OrdinaryShareClass1 2023-01-01 2023-12-31 03886291 c:OrdinaryShareClass1 2023-12-31 03886291 c:OrdinaryShareClass1 2022-12-31 03886291 c:FRS102 2023-01-01 2023-12-31 03886291 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 03886291 c:FullAccounts 2023-01-01 2023-12-31 03886291 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 03886291 4 2023-01-01 2023-12-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 03886291













Langage Energy Park Limited

Financial statements
Information for filing with the registrar

31 December 2023




 
Langage Energy Park Limited


Balance sheet
At 31 December 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,764
2,205

Investment property
 5 
20,482,541
20,242,903

  
20,484,305
20,245,108

Current assets
  

Debtors
 6 
401,343
64,799

Bank and cash in hand
  
13,467
17,881

  
414,810
82,680

Creditors: amounts falling due within one year
 7 
(4,067,190)
(3,429,084)

Net current liabilities
  
 
 
(3,652,380)
 
 
(3,346,404)

Total assets less current liabilities
  
16,831,925
16,898,704

Provisions for liabilities
  

Deferred tax
  
(1,299,084)
(1,036,011)

  
 
 
(1,299,084)
 
 
(1,036,011)

Net assets
  
15,532,841
15,862,693


Capital and reserves
  

Called up share capital 
 8 
1
1

Other reserves
  
9,640,878
9,640,878

Profit and loss account
  
5,891,962
6,221,814

Shareholders' funds
  
15,532,841
15,862,693


1

 
Langage Energy Park Limited

    
Balance sheet (continued)
At 31 December 2023

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question 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 financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 4 September 2024.




S J Pickup
Director

Company registered number: 03886291
The notes on pages 3 to 8 form part of these financial statements. 
2

 
Langage Energy Park Limited
 
 

Notes to the financial statements
Year ended 31 December 2023

1.


General information

Langage Energy Park Limited is a private company limited by shares incorporated and domiciled in England and Wales. The registered office is 26 Ellerbeck Court, Stokesley, Middlesbrough, England, TS9 5PT.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

  
2.2

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 
2.3

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.4

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the company but are presented separately due to their size or incidence.

3

 
Langage Energy Park Limited
 

 
Notes to the financial statements
Year ended 31 December 2023

2.Accounting policies (continued)

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on the following basis.


Plant and machinery
-
20%
reducing balance
Motor vehicles
-
25%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Investment property

Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.7

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.8

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The company has no employees other than the directors, who did not receive any remuneration.


4

 
Langage Energy Park Limited
 
 

Notes to the financial statements
Year ended 31 December 2023

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Total

£
£
£



Cost 


At 1 January 2023
40,946
55,908
96,854



At 31 December 2023

40,946
55,908
96,854



Depreciation


At 1 January 2023
38,741
55,908
94,649


Charge for the year
441
-
441



At 31 December 2023

39,182
55,908
95,090



Net book value



At 31 December 2023
1,764
-
1,764



At 31 December 2022
2,205
-
2,205

5

 
Langage Energy Park Limited
 
 

Notes to the financial statements
Year ended 31 December 2023

5.


Investment property


Freehold investment property

£



Valuation


At 1 January 2023
20,242,903


Additions at cost
523,638


Disposals
(284,000)



At 31 December 2023
20,482,541

The 2023 valuations were made by the directors, on an open market value for existing use basis.



6

 
Langage Energy Park Limited
 
 

Notes to the financial statements
Year ended 31 December 2023

6.


Debtors

2023
2022
£
£


Trade debtors
3,904
2,237

Amounts owed by group undertakings
284,000
-

Other debtors
113,439
62,562

401,343
64,799



7.


Creditors: amounts falling due within one year

2023
2022
£
£

Trade creditors
2,421
75,459

Amounts owed to group undertakings
2,720,344
2,011,714

Other creditors
67,500
67,500

Accruals and deferred income
1,276,925
1,274,411

4,067,190
3,429,084


7

 
Langage Energy Park Limited
 
 

Notes to the financial statements
Year ended 31 December 2023

8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1 (2022 - 1) ordinary share of £1.00
1
1



9.


Parent company

This company is a subsidiary of Langage Developments Limited by virtue of it holding all share capital.
The ultimate controlling entity is Carlton Energy Limited.
The registered office of Langage Developments Limited is 26 Ellerbeck Court, Stokesley, Middlesbrough, England, TS9 5PT.

 
8