Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-04-01falseNo description of principal activity00truetruefalse 09588779 2023-04-01 2024-03-31 09588779 2022-04-01 2023-03-31 09588779 2024-03-31 09588779 2023-03-31 09588779 2022-04-01 09588779 c:Director1 2023-04-01 2024-03-31 09588779 d:Buildings 2023-04-01 2024-03-31 09588779 d:Buildings 2024-03-31 09588779 d:Buildings 2023-03-31 09588779 d:Buildings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 09588779 d:Buildings d:LongLeaseholdAssets 2023-04-01 2024-03-31 09588779 d:Buildings d:LongLeaseholdAssets 2024-03-31 09588779 d:Buildings d:LongLeaseholdAssets 2023-03-31 09588779 d:PlantMachinery 2023-04-01 2024-03-31 09588779 d:PlantMachinery 2024-03-31 09588779 d:PlantMachinery 2023-03-31 09588779 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 09588779 d:MotorVehicles 2023-04-01 2024-03-31 09588779 d:FurnitureFittings 2023-04-01 2024-03-31 09588779 d:OfficeEquipment 2023-04-01 2024-03-31 09588779 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 09588779 d:CurrentFinancialInstruments 2024-03-31 09588779 d:CurrentFinancialInstruments 2023-03-31 09588779 d:Non-currentFinancialInstruments 2024-03-31 09588779 d:Non-currentFinancialInstruments 2023-03-31 09588779 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 09588779 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 09588779 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 09588779 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 09588779 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-03-31 09588779 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 09588779 d:ShareCapital 2024-03-31 09588779 d:ShareCapital 2023-03-31 09588779 d:ShareCapital 2022-04-01 09588779 d:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 09588779 d:RetainedEarningsAccumulatedLosses 2024-03-31 09588779 d:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 09588779 d:RetainedEarningsAccumulatedLosses 2023-03-31 09588779 d:RetainedEarningsAccumulatedLosses 2022-04-01 09588779 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 09588779 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 09588779 c:OrdinaryShareClass1 2023-04-01 2024-03-31 09588779 c:OrdinaryShareClass1 2024-03-31 09588779 c:OrdinaryShareClass1 2023-03-31 09588779 c:FRS102 2023-04-01 2024-03-31 09588779 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 09588779 c:FullAccounts 2023-04-01 2024-03-31 09588779 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09588779 2 2023-04-01 2024-03-31 09588779 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 09588779










LEA HALL ENERGY LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

 
LEA HALL ENERGY LIMITED
REGISTERED NUMBER: 09588779

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
3,507,226
3,608,371

  
3,507,226
3,608,371

Current assets
  

Stocks
  
76,158
89,095

Debtors: amounts falling due within one year
 5 
1,182,358
216,557

Cash at bank and in hand
 6 
952,013
1,103,492

  
2,210,529
1,409,144

Creditors: amounts falling due within one year
 7 
(783,878)
(1,316,029)

Net current assets
  
 
 
1,426,651
 
 
93,115

Total assets less current liabilities
  
4,933,877
3,701,486

Creditors: amounts falling due after more than one year
 8 
(291,144)
(438,252)

Provisions for liabilities
  

Deferred tax
 10 
(203,683)
(217,711)

  
 
 
(203,683)
 
 
(217,711)

Net assets
  
4,439,050
3,045,523


Capital and reserves
  

Called up share capital 
 11 
332
332

Profit and loss account
  
4,438,718
3,045,191

  
4,439,050
3,045,523


Page 1

 
LEA HALL ENERGY LIMITED
REGISTERED NUMBER: 09588779
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

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 profit and loss account 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: 




Mr H F Williams
Director

Date: 23 September 2024

The notes on pages 4 to 10 form part of these financial statements.

Page 2

 
LEA HALL ENERGY LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2024


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 April 2022
332
2,160,943
2,161,275


Comprehensive income for the year

Profit for the year
-
894,248
894,248


Contributions by and distributions to owners

Dividends: Equity capital
-
(10,000)
(10,000)



At 1 April 2023
332
3,045,191
3,045,523


Comprehensive income for the year

Profit for the year
-
1,398,527
1,398,527


Contributions by and distributions to owners

Dividends: Equity capital
-
(5,000)
(5,000)


At 31 March 2024
332
4,438,718
4,439,050


The notes on pages 4 to 10 form part of these financial statements.

Page 3

 
LEA HALL ENERGY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

The company is a private company limited by shares and is incorporated in England. The address of its registered office is Lea Hall Farm, Lea Cross, Shrewsbury, Shropshire, SY5 8HY.

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

Revenue

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

Sale of goods

Revenue 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 revenue 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.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss 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. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 4

 
LEA HALL ENERGY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.7

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, on a reducing balance basis.

Depreciation is provided on the following basis:

Property improvements
-
not depreciated
Plant and machinery - balance
-
25%
reducing balance
Specific plant and machinery items:
-
Anaerobic digester
-
5%
Straight line
Silage pits
-
5%
Straight line
CHP Generator
-
5%
Straight line

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 profit or loss.

Page 5

 
LEA HALL ENERGY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

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.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.12

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.13

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The Company has no employees other than the directors, who did not receive any remuneration (2023 - £NIL).

Page 6

 
LEA HALL ENERGY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Freehold property
Long-term leasehold property
Plant and machinery
Total

£
£
£
£



Cost or valuation


At 1 April 2023
2,304,206
183,148
2,593,898
5,081,252


Additions
-
-
47,548
47,548



At 31 March 2024

2,304,206
183,148
2,641,446
5,128,800



Depreciation


At 1 April 2023
-
-
1,472,881
1,472,881


Charge for the year on owned assets
-
-
148,693
148,693



At 31 March 2024

-
-
1,621,574
1,621,574



Net book value



At 31 March 2024
2,304,206
183,148
1,019,872
3,507,226



At 31 March 2023
2,304,206
183,148
1,121,017
3,608,371


5.


Debtors

2024
2023
£
£


Trade debtors
276,102
161,488

Other debtors
906,256
55,069

1,182,358
216,557



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
952,013
1,103,492

952,013
1,103,492


Page 7

 
LEA HALL ENERGY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
146,400
1,028,572

Trade creditors
159,717
66,999

Due to participators
-
4,000

Corporation tax
457,757
213,138

Other taxation and social security
16,484
-

Accruals and deferred income
3,520
3,320

783,878
1,316,029



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
291,144
438,252

291,144
438,252


The following liabilities were secured:

2024
2023
£
£



Bank loans
437,544
1,466,824

437,544
1,466,824

Details of security provided:

The loan is secured on the 150 acres of land to which the loan relates to.

Page 8

 
LEA HALL ENERGY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
146,400
1,028,572


146,400
1,028,572

Amounts falling due 1-2 years

Bank loans
291,144
438,252


291,144
438,252



437,544
1,466,824



10.


Deferred taxation




2024


£






At beginning of year
(217,711)


Charged to profit or loss
14,028



At end of year
(203,683)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(203,683)
(217,711)

(203,683)
(217,711)

Page 9

 
LEA HALL ENERGY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

11.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



332 (2023 - 332) Shares shares of £1.00 each
332
332



12.


Related party transactions

The company operates a loan account with a connected unincorporated business and at 31 March 2024 the company was owed £906,256 (2023: £32,675 was due to the company), which is included within other debtors at note 5. Interest at 2.25% is charged on the overdrawn balance and amounts to £5,779 for the year (2023: £252).

 
Page 10