Company registration number 4676117 (England and Wales)
ENERGY DEMOCRACY PROJECT LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024
PAGES FOR FILING WITH REGISTRAR
ENERGY DEMOCRACY PROJECT LIMITED
COMPANY INFORMATION
Directors
A Grigoryeva
J Marriot
M Palvello
R M Noyes
Company number
4676117
Registered office
2nd Floor
Regis House
45 King William Street
London
United Kingdom
EC4R 9AN
ENERGY DEMOCRACY PROJECT LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
ENERGY DEMOCRACY PROJECT LIMITED
BALANCE SHEET
AS AT
28 FEBRUARY 2024
28 February 2024
- 1 -
2024
2023
Notes
£
£
£
£
Current assets
Cash at bank and in hand
40,404
92,489
Creditors: amounts falling due within one year
4
(43,481)
(95,566)
Net current liabilities
(3,077)
(3,077)
Reserves
Called up share capital
5
Income and expenditure account
(3,077)
(3,077)
Members' funds
(3,077)
(3,077)
The directors of the company have elected not to include a copy of the income and expenditure account within the financial statements.true
For the financial year ended 28 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 21 January 2025 and are signed on its behalf by:
R Noyes
Director
Company Registration No. 4676117
ENERGY DEMOCRACY PROJECT LIMITED
BALANCE SHEET (CONTINUED)
AS AT 28 FEBRUARY 2024
28 February 2024
- 2 -
1
Judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
2
Accounting policies
Company information
Energy Democracy Project Ltd is a private company, limited by guarantee, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
2.2
Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
2.3
Income and expenditure
Turnover represents total amounts receivable by the company for services supplied and the company is not registered for VAT.
Expenses include VAT where applicable as the company cannot reclaim it.
ENERGY DEMOCRACY PROJECT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024
2
Accounting policies
(Continued)
- 3 -
2.4
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
3
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
4
4
4
Creditors: amounts falling due within one year
2024
2023
£
£
Amounts owed to group undertakings
26,427
83,081
Other creditors
17,054
12,485
43,481
95,566
5
Members' liability
The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £1.
6
Related party transactions
The directors did not receive any remuneration in the year (2023: £Nil).
7
Ultimate controlling party
The company is controlled by its members, but there is no single controlling party.