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REGISTERED NUMBER: 08305450 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

RSJ3 ENERGY LTD

RSJ3 ENERGY LTD (REGISTERED NUMBER: 08305450)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RSJ3 ENERGY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: S E Coles
M T Felstead
R W J Paul
J E Pearson
J Winton





REGISTERED OFFICE: The Old Carriage Works
Moresk Road
Truro
Cornwall
TR1 1DG





REGISTERED NUMBER: 08305450 (England and Wales)





ACCOUNTANTS: TC Group
The Old Carriage Works
Moresk Road
Truro
Cornwall
TR1 1DG

RSJ3 ENERGY LTD (REGISTERED NUMBER: 08305450)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 541,175 592,310

CURRENT ASSETS
Debtors 5 141,203 83,867
Cash at bank 63,827 73,994
205,030 157,861
CREDITORS
Amounts falling due within one year 6 345,705 350,863
NET CURRENT LIABILITIES (140,675 ) (193,002 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

400,500

399,308

PROVISIONS FOR LIABILITIES 106,800 91,552
NET ASSETS 293,700 307,756

CAPITAL AND RESERVES
Called up share capital 500 500
Retained earnings 293,200 307,256
293,700 307,756

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.

RSJ3 ENERGY LTD (REGISTERED NUMBER: 08305450)

BALANCE SHEET - continued
31 DECEMBER 2023


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 Profit & Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2024 and were signed on its behalf by:





S E Coles - Director


RSJ3 ENERGY LTD (REGISTERED NUMBER: 08305450)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

RSJ3 Energy Ltd 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.

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.

The accounts include net current liabilities of £140,674. Noting the cash generative nature of the company's trade and the support of the Directors and group shareholders, the Directors consider it appropriate to prepare the accounts on the going concern basis.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognised to turnover on the supply of power to the group's customers, as measured in KWH.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 5% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 5 ) .

RSJ3 ENERGY LTD (REGISTERED NUMBER: 08305450)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 1,022,696
DEPRECIATION
At 1 January 2023 430,386
Charge for year 51,135
At 31 December 2023 481,521
NET BOOK VALUE
At 31 December 2023 541,175
At 31 December 2022 592,310

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 141,203 83,867

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings 285,851 320,809
Taxation and social security 14,614 18,154
Other creditors 45,240 11,900
345,705 350,863

7. LEASING AGREEMENTS
The company as lessee:
The total minimum lease payments under non-cancellable operating leases are £26,170 (2022 - £27,670).

The company entered into a rental agreement on 18 October 2013 for 26 years with a minimum rent of £1,500 per annum. In addition the landlord is entitled to a royalty payment based on the gross turnover of the company.

8. FINANCIAL COMMITMENTS, GUARANTEES AND CONTINGENT LIABILITIES

RSJ3 Energy Limited, RSJ2 Energy Limited, RSJ One Energy Limited, RJMJS 4 Limited and Porterledge Renewables Limited have crossed guaranteed the obligations of MA020 Limited with Julian Hodge Bank. MA020 Limited owns 100% ordinary share capital of RSJ3 Energy Limited. The amount owed by MA020 to Julian Hodge Bank as at 31 December 2023 was £1,014,735 (2022 - £2,572,976).