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REGISTERED NUMBER: 08705901 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

RSJ2 ENERGY LIMITED

RSJ2 ENERGY LIMITED (REGISTERED NUMBER: 08705901)






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


RSJ2 ENERGY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: S E Coles
M T Felstead
J E Pearson
J Winton





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





REGISTERED NUMBER: 08705901 (England and Wales)





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

RSJ2 ENERGY LIMITED (REGISTERED NUMBER: 08705901)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 670,803 729,232

CURRENT ASSETS
Debtors 5 191,386 131,320
Cash at bank 85,310 80,695
276,696 212,015
CREDITORS
Amounts falling due within one year 6 649,624 705,749
NET CURRENT LIABILITIES (372,928 ) (493,734 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

297,875

235,498

PROVISIONS FOR LIABILITIES 141,785 104,432
NET ASSETS 156,090 131,066

CAPITAL AND RESERVES
Called up share capital 6 6
Retained earnings 156,084 131,060
156,090 131,066

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.

RSJ2 ENERGY LIMITED (REGISTERED NUMBER: 08705901)

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


RSJ2 ENERGY LIMITED (REGISTERED NUMBER: 08705901)

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

1. STATUTORY INFORMATION

Rsj2 Energy 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.

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 £376,696. 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 - 4 ) .

RSJ2 ENERGY LIMITED (REGISTERED NUMBER: 08705901)

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 1,168,587
DEPRECIATION
At 1 January 2023 439,355
Charge for year 58,429
At 31 December 2023 497,784
NET BOOK VALUE
At 31 December 2023 670,803
At 31 December 2022 729,232

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 191,386 131,320

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings 574,481 689,805
Taxation and social security 18,787 4,044
Other creditors 56,356 11,900
649,624 705,749

7. LEASING AGREEMENTS
The company as a lessee:

The total future minimum lease payments under non-cancellable operating leases are £296,000 (2022 - £312,000)

The company entered into a rental agreement on 2 July 2015 for 27 years, with a minimum rent of
£16,000 per annum. In addition the landlord is entitled to a royalty payment based on 10% of the
revenue of the company for 10 years, thereafter 12% of revenue.

8. FINANCIAL COMMITMENTS, GUARANTEES AND CONTINGENT LIABILITIES

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