COMPANY REGISTRATION NUMBER:
12327233
ONE PLANET SOLAR FARM LIMITED |
|
FILLETED FINANCIAL STATEMENTS |
|
ONE PLANET SOLAR FARM LIMITED |
|
30 April 2024
Current assets
Stocks |
– |
|
57,600 |
|
Debtors |
5 |
600 |
|
465,924 |
|
Cash at bank and in hand |
90,850 |
|
– |
|
|
------- |
|
-------- |
|
|
91,450 |
|
523,524 |
|
|
|
|
|
|
|
Creditors: amounts falling due within one year |
6 |
(
161,650) |
|
(
528,161) |
|
|
-------- |
|
-------- |
|
Net current liabilities |
|
(
70,200) |
|
(
4,637) |
|
|
------- |
|
------ |
Total assets less current liabilities |
|
(
70,200) |
|
(
4,637) |
|
|
------- |
|
------ |
Net liabilities |
|
(
70,200) |
|
(
4,637) |
|
|
------- |
|
------ |
|
|
|
|
|
|
Capital and reserves
Called up share capital |
7 |
|
1 |
|
1 |
Profit and loss account |
|
(
70,201) |
|
(
4,638) |
|
|
------- |
|
------ |
Shareholders deficit |
|
(
70,200) |
|
(
4,637) |
|
|
------- |
|
------ |
|
|
|
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
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.
These financial statements were approved by the
board of directors
and authorised for issue on
7 January 2025
, and are signed on behalf of the board by:
J L Gandia Fornes |
Director |
|
Company registration number:
12327233
ONE PLANET SOLAR FARM LIMITED |
|
NOTES TO THE FINANCIAL STATEMENTS |
|
YEAR ENDED 30 APRIL 2024
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 2 Crossways Business Centre, Bicester Road, Kingswood, Aylesbury, Bucks, HP18 0RA.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest pound. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years unless otherwise stated.
Going concern
The director is required to prepare financial statements on the going concern basis, unless it is inappropriate to presume that the company will continue in business. The director believes that the adoption of the going concern basis in the preparation of the financial statements is appropriate due to the continuing support from the companies within the group.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
Basic financial assets, which include trade and other receivables and cash and bank balances, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method. At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss. Basic financial liabilities, which include trade and other payables and loans from group undertakings, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year of less. If not, then they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
1
(2023:
1
).
5.
Debtors
|
2024 |
2023 |
|
£ |
£ |
Other debtors |
600 |
465,924 |
|
---- |
-------- |
|
|
|
6.
Creditors:
amounts falling due within one year
|
2024 |
2023 |
|
£ |
£ |
Amounts owed to group undertakings |
831 |
526,161 |
Other creditors |
160,819 |
2,000 |
|
-------- |
-------- |
|
161,650 |
528,161 |
|
-------- |
-------- |
|
|
|
7.
Called up share capital
Issued, called up and fully paid
|
2024 |
2023 |
|
No. |
£ |
No. |
£ |
Ordinary shares of £ 1 each |
1 |
1 |
1 |
1 |
|
---- |
---- |
---- |
---- |
|
|
|
|
|
8.
Summary audit opinion
The auditor's report dated
7 January 2025
was
unqualified
.
The senior statutory auditor was
W J E Kerr
, for and on behalf of
Xeinadin Audit Limited
.
9.
Controlling party
The immediate parent company is Padero Solaer Ltd, a company incorporated in England and Wales. Up to 7 November 2023 the ultimate parent company was Sumando Ltd, a company incorporated in England and Wales. From 8 November 2023 the ultimate parent company was Sumando Acciones SL, a company incorporated in Spain. The smallest and largest group to prepare consolidated financial statements which include One Planet Solar Farm Ltd is Sumando Ltd. The address of the registered office for Sumando Ltd is 2 Crossways Business Centre, Bicester Road, Kingswood, Aylesbury, Bucks HP18 0RA. The consolidated financial statements for Sumando Ltd can be obtained from Companies House, Crown Way, Cardiff CF14 3UZ. The ultimate controlling parties are Cecu Solar SL and Los Leandros Solares SL, both companies are incorporated in Spain and have equal control.