Energiekontor UK Construction Ltd 04300506 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is the management of the construction of wind farms. Digita Accounts Production Advanced 6.30.9574.0 true true true 04300506 2023-01-01 2023-12-31 04300506 2023-12-31 04300506 bus:OrdinaryShareClass1 2023-12-31 04300506 core:CurrentFinancialInstruments 2023-12-31 04300506 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 04300506 bus:SmallEntities 2023-01-01 2023-12-31 04300506 bus:Audited 2023-01-01 2023-12-31 04300506 bus:FullAccounts 2023-01-01 2023-12-31 04300506 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 04300506 bus:RegisteredOffice 2023-01-01 2023-12-31 04300506 bus:CompanySecretaryDirector1 2023-01-01 2023-12-31 04300506 bus:Director5 2023-01-01 2023-12-31 04300506 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 04300506 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 04300506 1 2023-01-01 2023-12-31 04300506 countries:AllCountries 2023-01-01 2023-12-31 04300506 2022-01-01 2022-12-31 04300506 2022-12-31 04300506 bus:OrdinaryShareClass1 2022-12-31 04300506 core:CurrentFinancialInstruments 2022-12-31 04300506 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 04300506

Energiekontor UK Construction Ltd

Annual Report and Financial Statements

for the Year Ended 31 December 2023

Pages for Filing with Registrar

 

Energiekontor UK Construction Ltd

(Registration number: 04300506)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Current assets

 

Debtors

6

135,971

223,566

Cash at bank and in hand

 

78,429

154,291

 

214,400

377,857

Creditors: Amounts falling due within one year

7

(76,614)

(134,526)

Net assets

 

137,786

243,331

Capital and reserves

 

Called up share capital

8

5,000

5,000

Retained earnings

132,786

238,331

Shareholders' funds

 

137,786

243,331

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 23 September 2024 and signed on its behalf by:
 

.........................................
P R Harrison
Company secretary and director

.........................................
R D Lill
Director

 
     
 

Energiekontor UK Construction Ltd

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 & Wales.

The address of its registered office is:
114 St Martin's Lane
Covent Garden
London
WC2N 4BE
England

Principal activity

The principal activity of the Company is the management of the construction of wind farms.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The company made a loss in the year and has net current liabilities. The company is dependent on the support of its parent undertaking to continue as a going concern. Confirmation of this support has been provided and the directors consider it appropriate to prepare the accounts on a going concern basis.

Turnover recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in managing the construction of wind farms.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and when the stage of completion of the construction process can be reliably measured.

 

Energiekontor UK Construction Ltd

Notes to the Financial Statements for the Year Ended 31 December 2023

Foreign currency transactions and balances

Transactions in foreign currency are recorded at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the closing rates at the balance sheet date. All exchange differences are included in the profit and loss account.

Non monetary assets have been translated at the rate ruling on the date of the transaction and no subsequent translation of these assets has been carried out.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates taxable income.

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the Company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

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 non-puttable 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 profit or loss.

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.

 

Energiekontor UK Construction Ltd

Notes to the Financial Statements for the Year Ended 31 December 2023

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the Company will not be able to collect all amounts due according to the original terms of the receivables.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the Company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Only one loan is in existence; the intercompany loan facility with a fellow subsidiary. This is recognised at its cash value given that at any point in time, the balance is repayable within one year.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

There were no dividends paid or proposed in either the current year or the previous year.

 

Energiekontor UK Construction Ltd

Notes to the Financial Statements for the Year Ended 31 December 2023

3

Significant judgements and estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the Director's opinion the only significant judgement and key source of estimation uncertainty relates to the recognition of revenue with respect to construction management agreements. Revenue is sensitive to the actual capital costs in excess of the expected costs at the commercial operations date with any capital cost overspend being deducted from the income due to the company. Additional capital overspend does not result in a loss for the company.

4

Audit report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 23 September 2024 was Russell Joseph, who signed for and on behalf of Bourner Bullock.

5

Staff numbers

The average number of persons employed by the Company during the year was 0 (2022 - 0).

6

Debtors

2023
£

2022
£

Trade debtors

53,948

-

Amounts owed by group undertakings

45,559

53,887

Other debtors

36,464

169,679

135,971

223,566

 

Energiekontor UK Construction Ltd

Notes to the Financial Statements for the Year Ended 31 December 2023

7

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

47,585

7,793

Amounts owed to group undertakings

19,747

110,788

Taxation and social security

5,472

13,364

Other creditors

3,810

2,581

76,614

134,526

8

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

5,000

5,000

5,000

5,000

         

9

Parent and ultimate parent undertaking

The company's immediate parent is Energiekontor AG, a company incorporated in Germany Energiekontor AG is also the ultimate controlling party.

 The parent of the smallest and largest group in which these results are consolidated is Energiekontor AG. These financial statements are available upon request from Investor Relations, Energiekontor AG, Mary Somerville Strasse 5, 28359 Bremen, Germany.