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REGISTERED NUMBER: SC424285 (Scotland)




















Starwood Energy Limited

Unaudited Financial Statements

for the Year Ended 31 May 2024






Starwood Energy Limited (Registered number: SC424285)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Starwood Energy Limited

Company Information
for the Year Ended 31 May 2024







DIRECTOR: P F Cunningham



SECRETARY: Mrs L L Cunningham



REGISTERED OFFICE: 4 The Orchard
Muirhall Road
Perth
PH2 7BQ



REGISTERED NUMBER: SC424285 (Scotland)



ACCOUNTANTS: Whitelaw Wells
9 Ainslie Place
Edinburgh
Midlothian
EH3 6AT



BANKERS: HSBC
82 - 84 High Street
Perth
PH1 5TH

Starwood Energy Limited (Registered number: SC424285)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Investments 5 48 48
48 48

CURRENT ASSETS
Cash at bank 26,129 62,290

CREDITORS
Amounts falling due within one year 6 1,073 1,019
NET CURRENT ASSETS 25,056 61,271
TOTAL ASSETS LESS CURRENT LIABILITIES 25,104 61,319

CAPITAL AND RESERVES
Called up share capital 50 50
Retained earnings 25,054 61,269
SHAREHOLDERS' FUNDS 25,104 61,319

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Starwood Energy Limited (Registered number: SC424285)

Balance Sheet - continued
31 May 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 4 November 2024 and were signed by:





P F Cunningham - Director


Starwood Energy Limited (Registered number: SC424285)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Starwood Energy Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, has been amortised evenly over its estimated useful life of five years.

Investments in associates
Investments in associate undertakings are recognised at cost.

Financial instruments
Financial instruments comprise financial assets and financial liabilities which are recognised when the company become a party to the contractual provisions of the instrument. Financial instruments are classified as "basic" in accordance with FRS 102 and are accounted for at amortised cost using the effective interest method.The effective interest rate is the rate that exactly discounts estimated future cash flows over the life of the financial assets or liability to the net carrying amount on initial recognition. Discounting is not applied to short-term receivables and payables, where the effect is immaterial.

Financial assets at cost compromise bank and trade debtors. Financial liabilities compromise other creditors.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Starwood Energy Limited (Registered number: SC424285)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 14,132
AMORTISATION
At 1 June 2023
and 31 May 2024 14,132
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 -

Starwood Energy Limited (Registered number: SC424285)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

5. FIXED ASSET INVESTMENTS
Interest
in
associate
£   
COST
At 1 June 2023
and 31 May 2024 48
NET BOOK VALUE
At 31 May 2024 48
At 31 May 2023 48

Energy-Link Partnership Limited is a company registered in Scotland with company number SC207066.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Director's current account 143 143
Accruals and deferred income 930 876
1,073 1,019

Included within other creditors there is a loan from the director, which is unsecured, interest free and repayable on demand.