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Registration number: 13663319

Hatton Solar Farm Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 April 2024

 

Hatton Solar Farm Limited
(Registration number: 13663319)

Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

836,385

616,503

Current assets

 

Debtors

5

-

1

Cash at bank and in hand

 

1,321

11,159

 

1,321

11,160

Creditors: Amounts falling due within one year

6

(843,538)

(627,730)

Net current liabilities

 

(842,217)

(616,570)

Net liabilities

 

(5,832)

(67)

Capital and reserves

 

Called up share capital

1

1

Retained earnings

(5,833)

(68)

Shareholders' deficit

 

(5,832)

(67)

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 30 January 2025 and signed on its behalf by:
 

.........................................
Mr A Khan
Director

   
     
 

Hatton Solar Farm Limited
(Registration number: 13663319)

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
1 & 2 Tollgate Business Park
Tollgate West, Stanway
Colchester
Essex
CO3 8AB

These financial statements were authorised for issue by the Board on 30 January 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Hatton Solar Farm Limited
(Registration number: 13663319)

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Trade creditors

Trade creditors 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 the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 4).

 

Hatton Solar Farm Limited
(Registration number: 13663319)

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

4

Tangible assets

Assets under construction
 £

Cost or valuation

At 1 May 2023

616,503

Additions

219,882

At 30 April 2024

836,385

Carrying amount

At 30 April 2024

836,385

At 30 April 2023

616,503

5

Debtors

Current

2024
£

2023
£

Amounts owed by related parties

-

1

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

159,107

295,221

Trade creditors

 

4,204

4,997

Amounts owed to group undertakings and undertakings in which the company has a participating interest

299,312

-

Taxation and social security

 

580

1,750

Accruals and deferred income

 

380,335

325,762

 

843,538

627,730

 

Hatton Solar Farm Limited
(Registration number: 13663319)

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

7

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Other borrowings

159,107

295,221

8

Parent and ultimate parent undertaking

The company's immediate parent is Push Generation and Supply Limited, incorporated in England.

 

The parent of the smallest group in which these financial statements are consolidated is Westwood Projects Holdings Limited, incorporated in England.

The address of Westwood Projects Holdings Limited is:
1 & 2 Tollgate Business Park, Tollgate West, Stanway, Colchester, Essex, CO3 8AB