Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312false2023-01-01false2falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13666008 2023-01-01 2023-12-31 13666008 2021-10-06 2022-12-31 13666008 2023-12-31 13666008 2022-12-31 13666008 c:CompanySecretary1 2023-01-01 2023-12-31 13666008 c:Director1 2023-01-01 2023-12-31 13666008 c:Director1 2023-12-31 13666008 c:Director2 2023-01-01 2023-12-31 13666008 c:Director2 2023-12-31 13666008 c:RegisteredOffice 2023-01-01 2023-12-31 13666008 d:OtherPropertyPlantEquipment 2023-12-31 13666008 d:OtherPropertyPlantEquipment 2022-12-31 13666008 d:CurrentFinancialInstruments 2023-12-31 13666008 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 13666008 d:ShareCapital 2023-01-01 2023-12-31 13666008 d:ShareCapital 2023-12-31 13666008 d:ShareCapital 2022-12-31 13666008 d:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 13666008 d:RetainedEarningsAccumulatedLosses 2023-12-31 13666008 d:RetainedEarningsAccumulatedLosses 2022-12-31 13666008 c:FRS102 2023-01-01 2023-12-31 13666008 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 13666008 c:FullAccounts 2023-01-01 2023-12-31 13666008 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 13666008









ECAP STAYTHORPE BESS LTD







UNAUDITED

DIRECTORS' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

 
ECAP STAYTHORPE BESS LTD
 
 
COMPANY INFORMATION


Directors
Mark Turner (appointed 6 October 2021)
Markus Petrus Heiss (appointed 7 July 2022)




Company secretary
No company secretary



Registered number
13666008



Registered office
1 Half Moon Street

London

W1J 7AY





 
ECAP STAYTHORPE BESS LTD
 

CONTENTS



Page
Directors' Report
1
Profit and Loss Account
2
Statement of Comprehensive Income
3
Balance Sheet
4
Statement of Changes in Equity
5
Notes to the Financial Statements
6 - 10


 
ECAP STAYTHORPE BESS LTD
 
 
 
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023

The directors present their report and the financial statements for the year ended 31 December 2023.

Principal activity

The principal activity of the company continued to be that of investment in renewable energy.

Directors

The directors who served during the year were:

Mark Turner (appointed 6 October 2021)
Markus Petrus Heiss (appointed 7 July 2022)

Small companies note

In preparing this report, the directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

This report was approved by the board on 24 September 2024 and signed on its behalf.
 





Mark Turner
Director

Page 1

 
ECAP STAYTHORPE BESS LTD
 
 
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2023

2023
Note
£

  

Administrative expenses
  
(454,852)

Other operating income
  
27

Operating loss
  
(454,825)

Loss for the financial year
  
(454,825)

The notes on pages 6 to 10 form part of these financial statements.

Page 2

 
ECAP STAYTHORPE BESS LTD
 

STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 DECEMBER 2023

2023
Note
£


Loss for the financial year

  

(454,825)

Other comprehensive income
  

Total comprehensive income for the year
  
(454,825)

The notes on pages 6 to 10 form part of these financial statements.

Page 3

 
ECAP STAYTHORPE BESS LTD
REGISTERED NUMBER: 13666008

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
Note
£

Fixed assets
  

Development work-In progress
 4 
974,373

  
974,373

Current assets
  

Debtors: amounts falling due within one year
 5 
9,673

Cash at bank and in hand
 6 
30,116

  
39,789

Creditors: amounts falling due within one year
 7 
(1,470,312)

Net current liabilities
  
 
 
(1,430,523)

Total assets less current liabilities
  
(456,150)

  

Net liabilities
  
(456,150)


Capital and reserves
  

Called up share capital 
  
1

Profit and loss account
  
(456,151)

  
(456,150)


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 Company's financial statements have been prepared in accordance with the 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 24 September 2024.




Mark Turner
Director

The notes on pages 6 to 10 form part of these financial statements.

Page 4

 
ECAP STAYTHORPE BESS LTD
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2023


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 January 2023
1
(1,326)
(1,325)


Comprehensive income for the year

Loss for the year

-
(454,825)
(454,825)


Other comprehensive income for the year
-
-
-


Total comprehensive income for the year
-
(454,825)
(454,825)


Total transactions with owners
-
-
-


At 31 December 2023
1
(456,151)
(456,150)


The notes on pages 6 to 10 form part of these financial statements.

Page 5

 
ECAP STAYTHORPE BESS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

ECAP Staythorpe Bess Limited is a private limited company incorporated on 6 October 2021. Registered office address is 1 Half Moon Street, London, W1J 7AY. Its main activity is investment in Renewable Energy.

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Profit and Loss Account within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 6

 
ECAP STAYTHORPE BESS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.3

Revenue

The company has no recognisable revenue. Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. The company has no recognisable revenue. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

The company has no recognisable revenue. Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

The company has no recognisable revenue. Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

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.

Page 7

 
ECAP STAYTHORPE BESS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.7

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.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

Investments in non-derivative instruments that are equity to the issuer are measured:
at fair value with changes recognised in the Profit and Loss Account if the shares are publicly traded or their fair value can otherwise be measured reliably;
at cost less impairment for all other investments.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or income as appropriate. The company does not currently apply hedge accounting for interest rate and foreign exchange derivatives.

Page 8

 
ECAP STAYTHORPE BESS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

3.


Employees

The average monthly number of employees, including the directors, during the year was as follows:


        2023
        2022
            No.
            No.







Number of employees
2
2


4.


Tangible fixed assets





Other fixed assets

£



Cost or valuation


At 1 January 2023
974,373



At 31 December 2023

974,373






Net book value



At 31 December 2023
974,373


5.


Debtors

2023
£


Other debtors
9,673

9,673



6.


Cash and cash equivalents

2023
£

Cash at bank and in hand
30,116

30,116


Page 9

 
ECAP STAYTHORPE BESS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

7.


Creditors: Amounts falling due within one year

2023
£

Other creditors
1,470,312

1,470,312



8.


Controlling party

The entity is 100% owed and controllered by Elements Green Limited

 
Page 10