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Registered number: 09272868
MISTRAL RENEWABLE ENERGY LTD.
Unaudited Financial Statements
For The Year Ended 31 March 2024
Ashton Knight Ltd
27 Old Gloucester Street
London
WC1N 3AX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 09272868
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 614,554 822,700
614,554 822,700
CURRENT ASSETS
Debtors 6 1,107,591 837,628
Cash at bank and in hand 22,982 196,138
1,130,573 1,033,766
Creditors: Amounts Falling Due Within One Year 7 (918,273 ) (1,144,877 )
NET CURRENT ASSETS (LIABILITIES) 212,300 (111,111 )
TOTAL ASSETS LESS CURRENT LIABILITIES 826,854 711,589
Creditors: Amounts Falling Due After More Than One Year 8 (492,261 ) (729,475 )
PROVISIONS FOR LIABILITIES
Provisions For Charges (45,422 ) (75,422 )
NET ASSETS/(LIABILITIES) 289,171 (93,308 )
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 289,071 (93,408 )
SHAREHOLDERS' FUNDS 289,171 (93,308)
Page 1
Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Paul Gibbon
Director
18/10/2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
MISTRAL RENEWABLE ENERGY LTD. is a private company, limited by shares, incorporated in England & Wales, registered number 09272868 . The registered office is Rear Office 2nd Floor, 87 Whitechapel High Street, London, E1 7QX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold Straight Line
Plant & Machinery Straight Line
Motor Vehicles Straight Line
Fixtures & Fittings Straight Line
Computer Equipment Straight Line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
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2.5. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 1 1
Manufacturing 4 4
Director 1 1
6 6
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 April 2023 96,243 1,199,064 - 12,873
Additions 14,000 - 65,948 -
Disposals - (34,468 ) - -
As at 31 March 2024 110,243 1,164,596 65,948 12,873
Depreciation
As at 1 April 2023 44,193 440,207 - 4,332
Provided during the period 21,755 215,967 12,252 2,884
As at 31 March 2024 65,948 656,174 12,252 7,216
Net Book Value
As at 31 March 2024 44,295 508,422 53,696 5,657
As at 1 April 2023 52,050 758,857 - 8,541
Computer Equipment Total
£ £
Cost
As at 1 April 2023 3,473 1,311,653
Additions - 79,948
Disposals - (34,468 )
As at 31 March 2024 3,473 1,357,133
...CONTINUED
Page 4
Page 5
Depreciation
As at 1 April 2023 221 488,953
Provided during the period 768 253,626
As at 31 March 2024 989 742,579
Net Book Value
As at 31 March 2024 2,484 614,554
As at 1 April 2023 3,252 822,700
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 116,071 586,426
Other debtors 792,137 11,000
VAT - 21,094
Other taxes and social security - 674
Directors' loan accounts - 19,051
908,208 638,245
Due after more than one year
Directors loan account 199,383 199,383
1,107,591 837,628
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts (61,276 ) (75,633 )
Trade creditors 745,190 1,086,623
Other taxes and social security 32,370 -
VAT 45,473 -
PAYE/ NI Payable - 45,618
Accruals and deferred income 83,810 83,810
Directors' loan accounts 72,721 -
Amounts owed to group undertakings (15 ) 4,459
918,273 1,144,877
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 292,860 534,083
Bank loans 199,401 195,392
492,261 729,475
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9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Later than one year and not later than five years 292,860 534,083
Less: Finance charges allocated to future periods 61,276 75,633
231,584 458,450
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
The above loan is unsecured, interest free and repayable on demand.
Page 6