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REGISTERED NUMBER: 07991216 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

J W Renewables Ltd

J W Renewables Ltd (Registered number: 07991216)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J W Renewables Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: J Weightman





REGISTERED OFFICE: Hallfield Farm
Easington
Peterlee
Co. Durham
SR8 3NY





REGISTERED NUMBER: 07991216 (England and Wales)





ACCOUNTANTS: KING HOPE
CHARTERED ACCOUNTANTS
18 Scarborough Street
Hartlepool
TS24 7DA

J W Renewables Ltd (Registered number: 07991216)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Investments 4 164,987 145,849
Investment property 5 1,255,481 1,255,481
1,420,468 1,401,330

CURRENT ASSETS
Debtors 6 47,943 113,405
Cash at bank 25,987 38,979
73,930 152,384
CREDITORS
Amounts falling due within one year 7 454,800 347,558
NET CURRENT LIABILITIES (380,870 ) (195,174 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,039,598

1,206,156

CREDITORS
Amounts falling due after more than one
year

8

-

284,858
NET ASSETS 1,039,598 921,298

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 10 21,796 6,420
Retained earnings 1,017,702 914,778
SHAREHOLDERS' FUNDS 1,039,598 921,298

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

J W Renewables Ltd (Registered number: 07991216)

Balance Sheet - continued
31 March 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 7 November 2024 and were signed by:





J Weightman - Director


J W Renewables Ltd (Registered number: 07991216)

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

1. STATUTORY INFORMATION

J W Renewables Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investments
Listed investments are included at valuation.

Dividends
Dividends are accounted for as receivable.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST OR VALUATION
At 1 April 2023 50 145,799 145,849
Additions - 14,322 14,322
Disposals - (13,975 ) (13,975 )
Revaluations - 18,791 18,791
At 31 March 2024 50 164,937 164,987
NET BOOK VALUE
At 31 March 2024 50 164,937 164,987
At 31 March 2023 50 145,799 145,849

Cost or valuation at 31 March 2024 is represented by:

Shares in
group Other
undertakings investments Totals
£    £    £   
Valuation in 2023 - 164,937 164,937
Cost 50 - 50
50 164,937 164,987

J W Renewables Ltd (Registered number: 07991216)

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

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 1,255,481
NET BOOK VALUE
At 31 March 2024 1,255,481
At 31 March 2023 1,255,481

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 47,943 113,405

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts - 194,118
Other creditors 454,800 153,440
454,800 347,558

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans - 284,858

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans - 478,976

10. RESERVES
Fair
value
reserve
£   
At 1 April 2023 6,420
Transfer 15,376

At 31 March 2024 21,796

11. RELATED PARTY DISCLOSURES

During the year, total dividends of £1,000 (2023 - £2,000) were paid to the director .

J W Renewables Ltd (Registered number: 07991216)

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

11. RELATED PARTY DISCLOSURES - continued

Hallfield Renewables Ltd
A Company in which JW Renewables Ltd holds shares.

Other creditors includes loan account balance of £450,000 (2023 £150,000)
Interest is not charged and there are no specified terms of repayment.

Dividends of £100,000 were receivable during the year from Hallfield Renewables Ltd. (2023 £100,000)

P Weightman & Son
A partnership in which the director is a partner.

Other debtors includes a loan of £15,000 (2023 £65,000)
Interest is not charged and there are no specified terms of repayment.