REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 March 2024 |
for |
J W Renewables Ltd |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
Investment property | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
8 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Fair value reserve | 10 |
Retained earnings |
SHAREHOLDERS' FUNDS |
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 were approved by the director and authorised for issue on |
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 |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
4. | FIXED ASSET INVESTMENTS |
Shares in |
group | Other |
undertakings | investments | Totals |
£ | £ | £ |
COST OR VALUATION |
At 1 April 2023 | 145,849 |
Additions | 14,322 |
Disposals | ( |
) | (13,975 | ) |
Revaluations | 18,791 |
At 31 March 2024 | 164,987 |
NET BOOK VALUE |
At 31 March 2024 | 164,987 |
At 31 March 2023 | 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 |
NET BOOK VALUE |
At 31 March 2024 |
At 31 March 2023 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.24 | 31.3.23 |
£ | £ |
Other debtors |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.24 | 31.3.23 |
£ | £ |
Bank loans and overdrafts |
Other creditors |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.3.24 | 31.3.23 |
£ | £ |
Bank loans |
9. | SECURED DEBTS |
The following secured debts are included within creditors: |
31.3.24 | 31.3.23 |
£ | £ |
Bank loans |
10. | RESERVES |
Fair |
value |
reserve |
£ |
At 1 April 2023 |
Transfer |
At 31 March 2024 |
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. |