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REGISTERED NUMBER: 08592814 (England and Wales)
















Unaudited Financial Statements for the Year Ended 31 July 2024

for

HP Solar Limited

HP Solar Limited (Registered number: 08592814)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


HP Solar Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: Mr N H Povlsen
Mr K W Grant





REGISTERED OFFICE: Cokenach Ltd
Estate Office
Barkway
Royston
Hertfordshire
SG8 8DL





REGISTERED NUMBER: 08592814 (England and Wales)





ACCOUNTANTS: Hardcastle Burton LLP
Lake House
Market Hill
Royston
Hertfordshire
SG8 9JN

HP Solar Limited (Registered number: 08592814)

Abridged Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,867,590 7,388,318

CURRENT ASSETS
Debtors 791,378 809,154
Cash at bank 40,029 474,098
831,407 1,283,252
CREDITORS
Amounts falling due within one year 302,728 1,349,703
NET CURRENT ASSETS/(LIABILITIES) 528,679 (66,451 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,396,269

7,321,867

CREDITORS
Amounts falling due after more than one
year

(2,261,977

)

(2,862,125

)

PROVISIONS FOR LIABILITIES 5 (401,791 ) (447,842 )
NET ASSETS 4,732,501 4,011,900

CAPITAL AND RESERVES
Called up share capital 6 1 1
Retained earnings 4,732,500 4,011,899
SHAREHOLDERS' FUNDS 4,732,501 4,011,900

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

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

The directors acknowledge their 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.

HP Solar Limited (Registered number: 08592814)

Abridged Balance Sheet - continued
31 July 2024


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 July 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 6 November 2024 and were signed on its behalf by:




Mr N H Povlsen - Director



Mr K W Grant - Director


HP Solar Limited (Registered number: 08592814)

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

1. STATUTORY INFORMATION

HP Solar Limited is a private company, limited by shares , registered in England and Wales. 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.

The company is reliant on funding from shareholders who have confirmed that they will continue providing inter company support for a period of at least twelve months from the date of accounts approval.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
The company has not provided for any depreciation in respect of tangible fixed assets as the plant had not been installed and commissioned before the year end.

Financial instruments
The company only has basic financial instruments measured at amortised cost, with no financial instruments classified as other or basic instruments measured at fair value.

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.

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 2 (2023 - 2 ) .

HP Solar Limited (Registered number: 08592814)

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

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2023
and 31 July 2024 11,783,521
DEPRECIATION
At 1 August 2023 4,395,203
Charge for year 520,728
At 31 July 2024 4,915,931
NET BOOK VALUE
At 31 July 2024 6,867,590
At 31 July 2023 7,388,318

5. PROVISIONS FOR LIABILITIES
31.7.24 31.7.23
£    £   
Deferred tax 401,791 447,842

Deferred
tax
£   
Balance at 1 August 2023 447,842
Provided during year (46,051 )
Change during year
Balance at 31 July 2024 401,791

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
1 Ordinary £1 1 1