IRIS Accounts Production v24.2.0.383 07747299 Board of Directors 1.4.23 31.3.24 31.3.24 0 0 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh077472992023-03-31077472992024-03-31077472992023-04-012024-03-31077472992022-03-31077472992022-04-012023-03-31077472992023-03-3107747299ns15:EnglandWales2023-04-012024-03-3107747299ns14:PoundSterling2023-04-012024-03-3107747299ns10:Director12023-04-012024-03-3107747299ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3107747299ns10:SmallEntities2023-04-012024-03-3107747299ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3107747299ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3107747299ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3107747299ns10:FullAccounts2023-04-012024-03-3107747299ns10:OrdinaryShareClass12023-04-012024-03-3107747299ns10:Director32023-04-012024-03-3107747299ns10:RegisteredOffice2023-04-012024-03-3107747299ns5:CurrentFinancialInstruments2024-03-3107747299ns5:CurrentFinancialInstruments2023-03-3107747299ns5:ShareCapital2024-03-3107747299ns5:ShareCapital2023-03-3107747299ns5:RetainedEarningsAccumulatedLosses2024-03-3107747299ns5:RetainedEarningsAccumulatedLosses2023-03-310774729912023-04-012024-03-3107747299ns5:PlantMachinery2023-03-3107747299ns5:PlantMachinery2023-04-012024-03-3107747299ns5:PlantMachinery2024-03-3107747299ns5:PlantMachinery2023-03-3107747299ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3107747299ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-3107747299ns5:DeferredTaxation2023-03-3107747299ns5:DeferredTaxation2023-04-012024-03-3107747299ns5:DeferredTaxation2024-03-3107747299ns10:OrdinaryShareClass12024-03-3107747299ns5:RetainedEarningsAccumulatedLosses2023-03-3107747299ns5:RetainedEarningsAccumulatedLosses2023-04-012024-03-310774729912023-04-012024-03-31
REGISTERED NUMBER: 07747299 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

SOLAR SUN 4 LIMITED

SOLAR SUN 4 LIMITED (REGISTERED NUMBER: 07747299)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SOLAR SUN 4 LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: M Shah
Thames Street Services Limited





REGISTERED OFFICE: 6th Floor St Magnus House
3 Lower Thames Street
London
EC3R 6HD





REGISTERED NUMBER: 07747299 (England and Wales)






SOLAR SUN 4 LIMITED (REGISTERED NUMBER: 07747299)

BALANCE SHEET
31 MARCH 2024

31/3/24 31/3/23
Notes £ £
FIXED ASSETS
Tangible assets 4 896,342 973,926

CURRENT ASSETS
Debtors 5 805,559 406,728

CREDITORS
Amounts falling due within one year 6 (19,316 ) (67,481 )
NET CURRENT ASSETS 786,243 339,247
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,682,585

1,313,173

PROVISIONS FOR LIABILITIES 7 (31,517 ) (38,622 )
NET ASSETS 1,651,068 1,274,551

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 1,650,968 1,274,451
SHAREHOLDERS' FUNDS 1,651,068 1,274,551

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

SOLAR SUN 4 LIMITED (REGISTERED NUMBER: 07747299)

BALANCE SHEET - continued
31 MARCH 2024


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 25 September 2024 and were signed on its behalf by:





Thames Street Services Limited - Director


SOLAR SUN 4 LIMITED (REGISTERED NUMBER: 07747299)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Solar Sun 4 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 presentation currency of the financial statements is the Pound Sterling (£).


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.

Critical accounting judgements and key sources of estimation uncertainty
Critical accounting judgements and key sources of estimation uncertainty.
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the application of accounting policies and reported amounts of assets, liabilities, income and expenses. Actual results may differ from these estimates.

Estimates and underlying assumptions are reviewed on an on-going basis. Estimates are based on historical experience and other assumptions that are considered reasonable in the circumstances. The actual amount or values may vary in certain instances from the assumptions and estimates made. Changes will be recorded, with corresponding effect in profit or loss, when, and if, better information is obtained.

Information about assumptions and estimation uncertainties that have a significant risk of resulting in a material adjustment within the next financial year are included below.

Critical judgements that management has made in the process of applying accounting policies disclosed herein and that have a significant effect on the amounts recognised in the financial statements relates to the following:

Going concern
The directors have adopted the going concern basis in preparing the financial statements. In assessing whether the going concern assumption is appropriate, the directors have taken into account all relevant information about the future.

The directors have prepared forecasts based on models covering 13 years and reviewed capital requirements and debt covenants for twelve months from the date of approving these financial statements. The directors are comfortable that the group can continue to trade for at least twelve months. The directors have assessed that the group is not likely to breach any debt covenants based on the forecasting performed.

SOLAR SUN 4 LIMITED (REGISTERED NUMBER: 07747299)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued

Turnover
Turnover represents income from the generation of renewable electricity from the operational installations during the year, excluding Value Added Tax. Turnover is recognised in the period in which the electricity is generated.

Turnover is generated through the sale of electricity through the UK Government's Feed-in-Tariff (FiT) scheme.

Tangible fixed assets
Tangible fixed assets are stated at cost net of depreciation and any provision for impairment.
Depreciation commences on the date that the asset is brought into use.

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, using the straight-line method.

The estimated useful lives are as follows:
Plant & Machinery - Straight line over 20 years

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.

Useful lives of depreciable assets
Management reviews its estimate of the useful lives of depreciable assets at each reporting date, based on the expected utility of the assets.

Financial instruments
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.


SOLAR SUN 4 LIMITED (REGISTERED NUMBER: 07747299)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Cash and cash equivalents
Cash is represented by deposits with financial intuitions repayable without penalty on notice of 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.

Debtors and creditors
Short-term debtors are measured at transaction price, less any impairment.

Short-term creditors are measured at the transaction price. Other financial liabilities, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Provisions for liabilities
Provisions are recognised when the Company has a present legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation and the amount can be estimated reliably measured.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

SOLAR SUN 4 LIMITED (REGISTERED NUMBER: 07747299)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 April 2023
and 31 March 2024 1,939,599
DEPRECIATION
At 1 April 2023 965,673
Charge for year 77,584
At 31 March 2024 1,043,257
NET BOOK VALUE
At 31 March 2024 896,342
At 31 March 2023 973,926

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£ £
Amounts owed by group undertakings 724,216 352,887
Other debtors - 49,797
Accrued income 81,343 4,044
805,559 406,728

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£ £
Trade creditors - (2 )
Tax - 53,447
VAT creditor 19,316 14,036
19,316 67,481

7. PROVISIONS FOR LIABILITIES
31/3/24 31/3/23
£ £
Deferred tax 31,517 38,622

SOLAR SUN 4 LIMITED (REGISTERED NUMBER: 07747299)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


7. PROVISIONS FOR LIABILITIES - continued

Deferred tax
£
Balance at 1 April 2023 38,622
Credit to Income Statement during year (7,105 )
Balance at 31 March 2024 31,517

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/3/24 31/3/23
value: £ £
100 Ordinary 1 100 100

9. RESERVES
Retained
earnings
£

At 1 April 2023 1,274,451
Profit for the year 376,517
At 31 March 2024 1,650,968

10. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

11. ULTIMATE CONTROLLING PARTY

The Company's ultimate parent and controlling entity is Bagnall Energy Limited, a company incorporated in England and Wales. The financial statements of Bagnall Energy Limited, can be obtained from that company's registered office: 6th Floor, St Magnus House, 3 Lower Thames Street, London, England, EC3R 6HD.