Caseware UK (AP4) 2023.0.135 2023.0.135 false2023-01-01falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.The principal activity of the Company is the development of solar photovoltaic projects. Specifically, this involves feasibility and planning in terms of sourcing sites and grid access, licensing and permitting procedures, technology selection and system design, direct funding and working with funding partners to structure equity and debt finance, the supervision of system construction and implementation, and the supervision of operations, maintenance, site security and administration. The Company is committed to project implementation excellence, the provision of long term clean energy projects, environmentally sensitive developments for the local community, and long term sustainable returns to investors.false44true 09355380 2023-01-01 2023-12-31 09355380 2022-01-01 2022-12-31 09355380 2023-12-31 09355380 2022-12-31 09355380 c:Director4 2023-01-01 2023-12-31 09355380 d:CurrentFinancialInstruments 2023-12-31 09355380 d:CurrentFinancialInstruments 2022-12-31 09355380 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 09355380 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 09355380 d:ShareCapital 2023-12-31 09355380 d:ShareCapital 2022-12-31 09355380 d:RetainedEarningsAccumulatedLosses 2023-12-31 09355380 d:RetainedEarningsAccumulatedLosses 2022-12-31 09355380 c:FRS102 2023-01-01 2023-12-31 09355380 c:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 09355380 c:FullAccounts 2023-01-01 2023-12-31 09355380 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09355380 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 09355380










BNRG Langmead Limited








Unaudited

Financial statements

Information for filing with the registrar

For the year ended 31 December 2023

 
BNRG Langmead Limited
 
  
Chartered accountants' report to the board of directors on the preparation of the unaudited statutory financial statements of BNRG Langmead Limited for the year ended 31 December 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of BNRG Langmead Limited for the year ended 31 December 2023 which comprise  the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of directors of BNRG Langmead Limited, as a body, in accordance with the terms of our engagement letter dated 3 May 2023Our work has been undertaken solely to prepare for your approval the financial statements of BNRG Langmead Limited and state those matters that we have agreed to state to the Board of directors of BNRG Langmead Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than BNRG Langmead Limited and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that BNRG Langmead Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of BNRG Langmead Limited. You consider that BNRG Langmead Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of BNRG Langmead Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Kreston Reeves LLP
Chartered Accountants
Springfield House
Springfield Road
Horsham
West Sussex
RH12 2RG
26 September 2024
Page 1

 
BNRG Langmead Limited
Registered number: 09355380

Balance sheet
As at 31 December 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 5 
1,522,540
516,308

Cash at bank and in hand
  
22,709
123,036

  
1,545,249
639,344

Creditors: amounts falling due within one year
 6 
(2,040,335)
(1,125,414)

Net current liabilities
  
 
 
(495,086)
 
 
(486,070)

Total assets less current liabilities
  
(495,086)
(486,070)

  

Net liabilities
  
(495,086)
(486,070)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(495,186)
(486,170)

  
(495,086)
(486,070)


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 financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with 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 by: 




................................................
P O'Brien Ward
Director
Date: 25 September 2024

Page 2

 
BNRG Langmead Limited
 

 
Notes to the financial statements
For the year ended 31 December 2023

1.


General information

The Company is a private company, limited by share capital, incorporated in England and Wales. The address of its registered office is: Ham Farm, Main Road, Bosham, PO18 8EH.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis. The company's ability to continue to cover its ongoing costs is dependant upon the support of the related companies controlled by the shareholders of BNRG Langmead Limited. If this assumption proves to be inappropriate, then adjustments may have to be made to adjust the value of the assets to their recoverable amounts, to provide for any further liabilities which may arise and to reclassify fixed assets as current assets. 

 
2.3

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.

 
2.4

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. 
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 Statement of income and retained earnings. 
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. 

 
2.5

Debtors

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

 
2.6

Creditors

Short-term creditors are measured at the transaction price.

Page 3

 
BNRG Langmead Limited
 

 
Notes to the financial statements
For the year ended 31 December 2023

2.Accounting policies (continued)

 
2.7

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2022 - 4).


4.


Stocks





5.


Debtors

2023
2022
£
£

Other debtors
1,522,540
516,308

1,522,540
516,308



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
6,143
5,230

Other creditors
2,032,392
1,117,484

Accruals and deferred income
1,800
2,700

2,040,335
1,125,414


Page 4

 
BNRG Langmead Limited
 

 
Notes to the financial statements
For the year ended 31 December 2023

7.


Related party transactions

BNRG Renewables Limited
Parent Company
During the year the company continued to receive a loan from BNRG Renewables Limited. The loan is interest free and repayable on demand. At the balance sheet date the amount due to BNRG Renewables Limited was £999,297 (2022: £541,844).
Landlink Estates Limited
Parent Company
During the year the company continued to receive a loan from Landlink Estates Limited. The loan is interest free and repayable on demand. At the balance sheet date the amount due to Landlink Estates Limited was £1,033,095 (2022: £575,640).
BL Solar 9 (Manor Farm) Limited
Common control
During the year the company continued to provide a loan to BL Solar 9 (Manor Farm) Limited. The loan is interest free and repayable on demand. At the balance sheet date the amount due from BL Solar 9 (Manor Farm) Limited was £550,387 (2022: £10,000).
BL Solar 10 (Ferry Farm) Limited
Common control
During the year the company continued to provide a loan to BL Solar 10 (Ferry Farm) Limited. The loan is interest free and repayable on demand. At the balance sheet date the amount due from BL Solar 10 (Ferry Farm) Limited was £689,038 (2022: £11,000).


8.


Controlling party

The company is controlled by its parent undertakings, Landlink Estates Limited and BNRG Renewables Limited.


Page 5