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REGISTERED NUMBER: 12889668 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Sirius Renewable Energy (Investments)
Limited

Sirius Renewable Energy (Investments)
Limited (Registered number: 12889668)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Sirius Renewable Energy (Investments)
Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: N J Davies
P E Kane
M J Powell
S Robinson





REGISTERED OFFICE: Russell House
Littleburn Industrial Estate
Langley Moor
Durham
DH7 8HJ





REGISTERED NUMBER: 12889668 (England and Wales)





ACCOUNTANTS: Anderson Barrowcliff Limited
Chartered Accountants
3 Kingfisher Court
Bowesfield Park
Stockton on Tees
TS18 3EX

Sirius Renewable Energy (Investments)
Limited (Registered number: 12889668)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 22 21

CURRENT ASSETS
Stocks 13,189 6,412
Debtors 5 1,299,583 769,714
Cash at bank 337,053 21
1,649,825 776,147
CREDITORS
Amounts falling due within one year 6 75,789 863,904
NET CURRENT ASSETS/(LIABILITIES) 1,574,036 (87,757 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,574,058

(87,736

)

CAPITAL AND RESERVES
Called up share capital 7 100 99
Share premium 567 -
Retained earnings 1,573,391 (87,835 )
SHAREHOLDERS' FUNDS 1,574,058 (87,736 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 September 2024 and were signed on its behalf by:



S Robinson - Director


Sirius Renewable Energy (Investments)
Limited (Registered number: 12889668)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Sirius Renewable Energy (Investments) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover comprises income from consultancy together with the disposal of shares in joint venture entities acquired with a view to develop and sell. Turnover is measured at the fair value of the consideration received or receivable excluding value added tax.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences.

Debtors and creditors receivable/ payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in other administrative expenses.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Investments in associates
Investments in associates are recognised at cost.

Sirius Renewable Energy (Investments)
Limited (Registered number: 12889668)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - NIL ) .

4. FIXED ASSET INVESTMENTS



Shares in
associated
undertakings
£
COST
At 1 January 2023 21
Additions 2
Disposal (1 )
At 31 December 2023 22

NET BOOK VALUE
At 31 December 2023 22
At 31 December 2022 21

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 279,468 295,669
Amounts owed by related parties 1,005,002 466,510
Directors' current accounts 10,498 -
VAT 4,615 7,535
1,299,583 769,714

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 2,480
Amounts owed to related parties 74,787 86,933
Other creditors 2 773,491
Accrued expenses 1,000 1,000
75,789 863,904

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 99

1 Ordinary share of £1 was allotted as fully paid at a premium of £567 during the year.

Sirius Renewable Energy (Investments)
Limited (Registered number: 12889668)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
N J Davies
Balance outstanding at start of year - -
Amounts advanced 3,495 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,495 -

P E Kane
Balance outstanding at start of year - -
Amounts advanced 3,495 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,495 -

M J Powell
Balance outstanding at start of year - -
Amounts advanced 3,495 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,495 -

S Robinson
Balance outstanding at start of year - -
Amounts advanced 13 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 13 -

The above loans were provided free of interest with no fixed repayment terms.