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Registered number: 13333058











TM TRADING ROOFTOP SOLAR 1 LIMITED
FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

 
TM TRADING ROOFTOP SOLAR 1 LIMITED
 

COMPANY INFORMATION


Directors
P. E. Dias 
D. N. G. Gilbert 




Registered number
13333058



Registered office
UK House 5th Floor
164 - 182 Oxford Street

London

W1D 1NN





 
TM TRADING ROOFTOP SOLAR 1 LIMITED
 

CONTENTS



Page
Balance Sheet
 
1
Statement of Changes in Equity
 
2
Notes to the Financial Statements
 
3 - 6


 
TM TRADING ROOFTOP SOLAR 1 LIMITED
REGISTERED NUMBER: 13333058

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,458,407
1,515,270

Current assets
  

Debtors
 5 
33,075
51,426

Cash at bank and in hand
  
405,658
377,499

  
438,733
428,925

Creditors: amounts falling due within one year
 6 
(1,730,796)
(1,032,180)

Net current liabilities
  
 
 
(1,292,063)
 
 
(603,255)

Net assets
  
166,344
912,015


Capital and reserves
  

Allotted, called up and fully paid share capital
  
367,637
949,928

Profit and loss account
  
(201,293)
(37,913)

Equity shareholder's funds
  
166,344
912,015


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 Directors' Report and Statement of Comprehensive Income in accordance with provisions applicable to companies subject to the small companies regime, under section 444 of the Companies Act 2006.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 25 September 2024.




P. E. Dias
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 1

 
TM TRADING ROOFTOP SOLAR 1 LIMITED
 

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 2022
949,928
(5,646)
944,282


Comprehensive loss for the year

Loss for the year
-
(32,267)
(32,267)



At 1 January 2023
949,928
(37,913)
912,015


Comprehensive loss for the year

Loss for the year
-
(163,380)
(163,380)


Contributions by and distributions to owners

Shares cancelled during the year
(582,291)
-
(582,291)


At 31 December 2023
367,637
(201,293)
166,344


The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
TM TRADING ROOFTOP SOLAR 1 LIMITED
 

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

1.


General Information

TM Trading Rooftop Solar 1 Limited (company number: 13333058), having its registered office and principal place of business at UK House 5th Floor, 164 - 182 Oxford Street, London, W1D 1NN, is a private limited company incorporated in England and Wales.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Sale of goods

Turnover 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 turnover 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

Turnover 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 turnover 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.

 
2.3

Finance costs

Finance costs are charged to the Statement of Comprehensive Income over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount.

Page 3

 
TM TRADING ROOFTOP SOLAR 1 LIMITED
 

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

2.Accounting policies (continued)

 
2.4

Taxation

Tax is recognised in the Statement of Comprehensive Income.

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

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. 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.

Depreciation is provided on the following basis:

Plant and machinery
-
25 years from the date the asset begins generating electricity

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 the Statement of Comprehensive Income.

 
2.6

Debtors

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

 
2.7

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.

 
2.8

Creditors

Short-term creditors are measured at the transaction price.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2022 - 3).

Page 4

 
TM TRADING ROOFTOP SOLAR 1 LIMITED
 

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

4.


Tangible fixed assets





Plant and machinery

£



Cost


At 1 January 2023
1,596,294


Additions
11,590



At 31 December 2023

1,607,884



Depreciation


At 1 January 2023
81,024


Charge for the year
68,453



At 31 December 2023

149,477



Net book value



At 31 December 2023
1,458,407



At 31 December 2022
1,515,270

Page 5

 
TM TRADING ROOFTOP SOLAR 1 LIMITED
 

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

5.


Debtors

2023
2022
£
£

Due within one year

Trade debtors
-
15,876

Amounts owed by group undertakings
200
200

Other debtors
27,742
29,968

Prepayments
5,133
5,382

33,075
51,426



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
16,546
9,760

Amounts owed to group undertakings
1,470,550
888,258

VAT control account
-
2,080

Accruals and deferred income
243,700
132,082

1,730,796
1,032,180



7.


Related party transactions

The Company has taken advantage of the exemption in FRS 102 Section 33 from disclosing transactions with members of the same group that are wholly owned.


Page 6