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Company registration number: NI641793
MT RENEWABLES LTD
UNAUDITED FILLETED FINANCIAL STATEMENTS
31 October 2023
MT RENEWABLES LTD
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023
_________________________________________________________________________________________
Contents
Directors and other information
Accountants report
Balance sheet and notes to the financial statements
MT RENEWABLES LTD
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023
_________________________________________________________________________________________
Directors Mr Aidan Patrick Toner
Mr Damian Joseph Toner
Secretary Roisin Maria Toner
Company number NI641793
Registered office 7 River Road
Draperstown
Magherafelt
BT45 7JF
Business address 7 River Road
Draperstown
Magherafelt
BT45 7JF
Accountants Kelly & O'Neill Ltd
15E Molesworth Street
Cookstown
Tyrone
BT80 8NX
MT RENEWABLES LTD
REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE
UNAUDITED STATUTORY FINANCIAL STATEMENTS OF MT RENEWABLES LTD (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 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 MT Renewables Ltd for the year ended 31 October 2023 which comprise the Balance Sheet and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of Chartered Accountants Ireland , we are subject to its ethical and other professional requirements which are detailed at www.charteredaccountants.ie.
This report is made solely to the board of directors of MT Renewables Ltd, as a body, in accordance with the terms of our engagement letter dated 5 March 2024. Our work has been undertaken solely to prepare for your approval the financial statements of MT Renewables Ltd and state those matters that we have agreed to state to the board of directors of MT Renewables Ltd as a body, in this report in accordance with the requirements of Chartered Accountants Ireland as detailed at www.charteredaccountants.ie. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than MT Renewables Ltd and its board of directors as a body for our work or for this report.
It is your duty to ensure that MT Renewables Ltd 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 MT Renewables Ltd. You consider that MT Renewables Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of MT Renewables Ltd. 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.
Kelly & O'Neill Ltd
Chartered Accountants
15E Molesworth Street
Cookstown
Tyrone
BT80 8NX
30 October 2024
MT RENEWABLES LTD
BALANCE SHEET
31 OCTOBER 2023
_______________________________________________________________________________________
2023 2022
£ £ £ £
Fixed assets 258,409 277,456
_______ _______
Current assets 28,081 45,006
Prepayments and accrued income 10,906 84
_______ _______
38,987 45,090
Creditors: amounts falling due within one year ( 44,370) ( 26,894)
_______ _______
Net current (liabilities)/assets ( 5,383) 18,196
_______ _______
Total assets less current liabilities 253,026 295,652
Creditors: amounts falling due after more than one year ( 158,850) ( 149,269)
Accruals and deferred income ( 1,200) ( 15,934)
_______ _______
Net assets 92,976 130,449
_______ _______
Capital and reserves 92,976 130,449
_______ _______
Notes to the financial statements
MT RENEWABLES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023
_________________________________________________________________________________________
1. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2022: 3 ).
2. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2023
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Mr Aidan Patrick Toner 13,228 ( 13,228) -
_______ _______ _______
2022
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Mr Aidan Patrick Toner 20,437 ( 7,209) 13,228
_______ _______ _______
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsiblities:
- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the board of directors and authorised for issue on 30 October 2024 , and are signed on behalf of the board by:
Mr Aidan Patrick Toner Mr Damian Joseph Toner
Director Director
Company registration number: NI641793
The company is a private company limited by shares, registered in Northern Ireland.