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COMPANY REGISTRATION NUMBER: 14826309
Otto Renewables Limited
Filleted Unaudited Financial Statements
30 April 2024
Otto Renewables Limited
Financial Statements
Period from 25 April 2023 to 30 April 2024
Contents
Page
Officers and professional advisers
1
Chartered accountant's report to the director on the preparation of the unaudited statutory financial statements
2
Statement of financial position
3
Notes to the financial statements
4
Otto Renewables Limited
Officers and Professional Advisers
Director
D Piper
Registered Office
37a Birmingham New Road
Wolverhampton
West Midlands
England
WV4 6BL
Accountants
Howell Davies Limited
Chartered accountants
Tudor House
37a Birmingham New Road
Wolverhampton
West Midlands
WV4 6BL
Otto Renewables Limited
Chartered Accountant's Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of Otto Renewables Limited
Period from 25 April 2023 to 30 April 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Otto Renewables Limited for the period ended 30 April 2024, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. Our work has been undertaken in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation.
Howell Davies Limited Chartered accountants
Tudor House 37a Birmingham New Road Wolverhampton West Midlands WV4 6BL
23 January 2025
Otto Renewables Limited
Statement of Financial Position
30 April 2024
30 Apr 24
Note
£
£
Fixed Assets
Intangible assets
4
28,770
Current Assets
Debtors
5
924
Cash at bank and in hand
14,077
--------
15,001
Creditors: amounts falling due within one year
6
15,000
--------
Net Current Assets
1
--------
Total Assets Less Current Liabilities
28,771
Creditors: amounts falling due after more than one year
7
28,770
--------
Net Assets
1
--------
Capital and Reserves
Called up share capital
1
----
Shareholders Funds
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 statement of comprehensive income has not been delivered.
For the period ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act 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 23 January 2025 , and are signed on behalf of the board by:
D Piper
Director
Company registration number: 14826309
Otto Renewables Limited
Notes to the Financial Statements
Period from 25 April 2023 to 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 37a Birmingham New Road, Wolverhampton, West Midlands, WV4 6BL, 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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Intangible Assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
4. Intangible Assets
Intellectual Property
£
Cost
Additions
28,770
--------
At 30 April 2024
28,770
--------
Amortisation
At 25 April 2023 and 30 April 2024
--------
Carrying amount
At 30 April 2024
28,770
--------
5. Debtors
30 Apr 24
£
Prepayments and accrued income
924
----
6. Creditors: amounts falling due within one year
30 Apr 24
£
Loan from third party
15,000
--------
7. Creditors: amounts falling due after more than one year
30 Apr 24
£
Other creditors
28,770
--------