2 13 January 2025 false false false false false false false false false false true false false false false false false No description of principal activity 2023-05-01 Sage Accounts Production Advanced 2023 - FRS102_2023 127,425 127,425 127,425 xbrli:pure xbrli:shares iso4217:GBP 12805338 2023-05-01 2024-04-30 12805338 2024-04-30 12805338 2023-04-30 12805338 2022-09-01 2023-04-30 12805338 2023-04-30 12805338 2022-08-31 12805338 bus:OrdinaryShareClass1 2023-05-01 2024-04-30 12805338 bus:Director1 2023-05-01 2024-04-30 12805338 core:PlantMachinery 2023-05-01 2024-04-30 12805338 core:WithinOneYear 2024-04-30 12805338 core:ShareCapital 2024-04-30 12805338 core:ShareCapital 2023-04-30 12805338 core:RetainedEarningsAccumulatedLosses 2024-04-30 12805338 core:BetweenOneFiveYears 2024-04-30 12805338 core:MoreThanFiveYears 2024-04-30 12805338 core:PlantMachinery 2024-04-30 12805338 bus:SmallEntities 2023-05-01 2024-04-30 12805338 bus:Audited 2023-05-01 2024-04-30 12805338 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 12805338 bus:EntityHasNeverTraded 2023-05-01 2024-04-30 12805338 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 12805338 bus:FullAccounts 2023-05-01 2024-04-30 12805338 bus:OrdinaryShareClass1 2024-04-30 12805338 bus:OrdinaryShareClass1 2023-04-30
COMPANY REGISTRATION NUMBER: 12805338
PS-GANDER-DOWN SOLAR FARM LIMITED
FILLETED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 April 2024
PS-GANDER-DOWN SOLAR FARM LIMITED
BALANCE SHEET
30 April 2024
2024
2023
Note
£
£
£
£
Fixed assets
Tangible assets
5
127,425
Current assets
Debtors
6
11
1
Cash at bank and in hand
274
----
----
285
1
Creditors: amounts falling due within one year
7
( 133,819)
--------
----
Net current (liabilities)/assets
( 133,534)
1
--------
----
Total assets less current liabilities
( 6,109)
1
------
----
Net (liabilities)/assets
( 6,109)
1
------
----
Capital and reserves
Called up share capital
8
1
1
Profit and loss account
( 6,110)
------
----
Shareholders (deficit)/funds
( 6,109)
1
------
----
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 13 January 2025 , and are signed on behalf of the board by:
J L Gandia Fornes
Director
Company registration number: 12805338
PS-GANDER-DOWN 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, HP18 0RA, England.
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 directors are required to prepare financial statements on the going concern basis, unless it is inappropriate to presume that the company will continue in business. The directors believe 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.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
Basic financial assets, which include other receivables, 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 other payables, 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. 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 2 (2023: 1 ).
5. Tangible assets
Plant and machinery
£
Cost
At 1 May 2023
Additions
127,425
--------
At 30 April 2024
127,425
--------
Depreciation
At 1 May 2023 and 30 April 2024
--------
Carrying amount
At 30 April 2024
127,425
--------
At 30 April 2023
--------
6. Debtors
2024
2023
£
£
Other debtors
11
1
----
----
7. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
74,016
Amounts owed to group undertakings
53,803
Other creditors
6,000
--------
----
133,819
--------
----
8. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
1
1
1
1
----
----
----
----
9. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
2024
2023
£
£
Not later than 1 year
16,575
Later than 1 year and not later than 5 years
88,400
Later than 5 years
221,000
--------
----
325,975
--------
----
10. Summary audit opinion
The auditor's report dated 13 January 2025 was unqualified .
The senior statutory auditor was W J E Kerr , for and on behalf of Xeinadin Audit Limited .
11. 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 PS-Gander-Down 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.