Silverfin false false 30/06/2024 01/07/2023 30/06/2024 Mr T A Gifford 23/08/2024 07/06/2023 Mr I J Murray 22/05/2024 07/02/2023 Mr P J Rackstraw 24/04/2015 03 February 2025 The principal activity of the company is production of electricity. 09559743 2024-06-30 09559743 bus:Director1 2024-06-30 09559743 bus:Director2 2024-06-30 09559743 bus:Director3 2024-06-30 09559743 2023-06-30 09559743 core:CurrentFinancialInstruments 2024-06-30 09559743 core:CurrentFinancialInstruments 2023-06-30 09559743 core:Non-currentFinancialInstruments 2024-06-30 09559743 core:Non-currentFinancialInstruments 2023-06-30 09559743 core:ShareCapital 2024-06-30 09559743 core:ShareCapital 2023-06-30 09559743 core:RetainedEarningsAccumulatedLosses 2024-06-30 09559743 core:RetainedEarningsAccumulatedLosses 2023-06-30 09559743 core:PlantMachinery 2023-06-30 09559743 core:PlantMachinery 2024-06-30 09559743 bus:OrdinaryShareClass1 2024-06-30 09559743 2023-07-01 2024-06-30 09559743 bus:FilletedAccounts 2023-07-01 2024-06-30 09559743 bus:SmallEntities 2023-07-01 2024-06-30 09559743 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 09559743 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 09559743 bus:Director1 2023-07-01 2024-06-30 09559743 bus:Director2 2023-07-01 2024-06-30 09559743 bus:Director3 2023-07-01 2024-06-30 09559743 core:PlantMachinery core:TopRangeValue 2023-07-01 2024-06-30 09559743 2022-01-01 2023-06-30 09559743 core:PlantMachinery 2023-07-01 2024-06-30 09559743 core:Non-currentFinancialInstruments 2023-07-01 2024-06-30 09559743 bus:OrdinaryShareClass1 2023-07-01 2024-06-30 09559743 bus:OrdinaryShareClass1 2022-01-01 2023-06-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 09559743 (England and Wales)

STALLCOMBE ECO POWER LTD

Unaudited Financial Statements
For the financial year ended 30 June 2024
Pages for filing with the registrar

STALLCOMBE ECO POWER LTD

Unaudited Financial Statements

For the financial year ended 30 June 2024

Contents

STALLCOMBE ECO POWER LTD

BALANCE SHEET

As at 30 June 2024
STALLCOMBE ECO POWER LTD

BALANCE SHEET (continued)

As at 30 June 2024
Note 30.06.2024 30.06.2023
£ £
Fixed assets
Tangible assets 3 243,002 264,443
243,002 264,443
Current assets
Debtors 4 5,828 3,830
Cash at bank and in hand 51,947 19,487
57,775 23,317
Creditors: amounts falling due within one year 5 ( 5,488) ( 7,131)
Net current assets 52,287 16,186
Total assets less current liabilities 295,289 280,629
Creditors: amounts falling due after more than one year 6 ( 305,537) ( 286,018)
Net liabilities ( 10,248) ( 5,389)
Capital and reserves
Called-up share capital 7 100 100
Profit and loss account ( 10,348 ) ( 5,489 )
Total shareholder's deficit ( 10,248) ( 5,389)

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

Director's responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Stallcombe Eco Power Ltd (registered number: 09559743) were approved and authorised for issue by the Director on 03 February 2025. They were signed on its behalf by:

Mr P J Rackstraw
Director
STALLCOMBE ECO POWER LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
STALLCOMBE ECO POWER LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

Stallcombe Eco Power is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales.

The address of the Company's registered office is:-
Stallcombe House Farm
Sanctuary Lane
Woodbury
Exeter
Devon
EX5 1EX

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director notes that the business has net liabilities of £10,248. The Company is supported through loans from the Parent Company. The director has received assurances that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the Parent Company will continue to support the Company. After making enquiries, the director believes that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:-
The amount of revenue can be reliably measured;
it is probable the future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The costs of tangible assets include directly attributable incremental costs incurred in their acquisition and installation.

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Plant and machinery 20 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Borrowing costs

The loan from its parent company Stallcombe House was initially recognised at the undiscounted amount of the cash received and subsequently its carrying amount is adjusted to reflect any accrued interest payable.

Leases

The Company as lessee
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to the profit or loss on a straight-line basis over the period of the lease.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

Year ended
30.06.2024
Period from
01.01.2022 to
30.06.2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 0 0

3. Tangible assets

Plant and machinery Total
£ £
Cost
At 01 July 2023 428,832 428,832
At 30 June 2024 428,832 428,832
Accumulated depreciation
At 01 July 2023 164,389 164,389
Charge for the financial year 21,441 21,441
At 30 June 2024 185,830 185,830
Net book value
At 30 June 2024 243,002 243,002
At 30 June 2023 264,443 264,443

4. Debtors

30.06.2024 30.06.2023
£ £
Prepayments 4,184 1,343
VAT recoverable 0 980
Other debtors 1,644 1,507
5,828 3,830

5. Creditors: amounts falling due within one year

30.06.2024 30.06.2023
£ £
Trade creditors 0 2,824
Accruals 4,666 4,307
Other taxation and social security 822 0
5,488 7,131

6. Creditors: amounts falling due after more than one year

30.06.2024 30.06.2023
£ £
Other loans 305,537 286,018

There are no amounts included above in respect of which any security has been given by the small entity.

7. Called-up share capital

30.06.2024 30.06.2023
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

8. Related party transactions

Transactions with owners holding a participating interest in the entity

30.06.2024 30.06.2023
£ £
At the end of the financial period, a balance of £305,537 was due to Stallcombe House. Interest has been charged by Stallcombe House on the loan during the period. 305,537 286,018

9. Ultimate controlling party

Parent Company:

Stallcombe House
Stallcombe House Farm,
Sanctuary Lane,
Woodbury,
Salterton,
Devon,
EX5 1EX