Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-3102023-04-01falseThe principal activity of the company is a holding company. During the period, the company issued the following shares at par: 149,291 A preference shares of £1 each 27,454 B preference shares of £1 each0truetrue 12857550 2023-04-01 2024-03-31 12857550 2022-04-01 2023-03-31 12857550 2024-03-31 12857550 2023-03-31 12857550 c:Director1 2023-04-01 2024-03-31 12857550 c:Director1 2024-03-31 12857550 c:Director2 2023-04-01 2024-03-31 12857550 c:Director3 2023-04-01 2024-03-31 12857550 c:Director4 2023-04-01 2024-03-31 12857550 c:Director4 2024-03-31 12857550 c:Director5 2023-04-01 2024-03-31 12857550 c:Director5 2024-03-31 12857550 c:Director6 2023-04-01 2024-03-31 12857550 c:Director6 2024-03-31 12857550 c:Director7 2023-04-01 2024-03-31 12857550 c:Director7 2024-03-31 12857550 c:RegisteredOffice 2023-04-01 2024-03-31 12857550 d:CurrentFinancialInstruments 2024-03-31 12857550 d:CurrentFinancialInstruments 2023-03-31 12857550 d:Non-currentFinancialInstruments 2024-03-31 12857550 d:Non-currentFinancialInstruments 2023-03-31 12857550 d:Non-currentFinancialInstruments 1 2024-03-31 12857550 d:Non-currentFinancialInstruments 1 2023-03-31 12857550 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 12857550 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 12857550 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 12857550 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 12857550 d:ShareCapital 2024-03-31 12857550 d:ShareCapital 2023-03-31 12857550 d:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 12857550 d:RetainedEarningsAccumulatedLosses 2024-03-31 12857550 d:RetainedEarningsAccumulatedLosses 2023-03-31 12857550 c:OrdinaryShareClass1 2023-04-01 2024-03-31 12857550 c:OrdinaryShareClass1 2024-03-31 12857550 c:OrdinaryShareClass1 2023-03-31 12857550 c:OrdinaryShareClass2 2023-04-01 2024-03-31 12857550 c:OrdinaryShareClass2 2024-03-31 12857550 c:OrdinaryShareClass2 2023-03-31 12857550 c:PreferenceShareClass1 2023-04-01 2024-03-31 12857550 c:PreferenceShareClass1 2024-03-31 12857550 c:PreferenceShareClass1 2023-03-31 12857550 c:PreferenceShareClass2 2023-04-01 2024-03-31 12857550 c:PreferenceShareClass2 2024-03-31 12857550 c:PreferenceShareClass2 2023-03-31 12857550 c:FRS102 2023-04-01 2024-03-31 12857550 c:Audited 2023-04-01 2024-03-31 12857550 c:FullAccounts 2023-04-01 2024-03-31 12857550 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 12857550 c:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 12857550 2 2023-04-01 2024-03-31 12857550 6 2023-04-01 2024-03-31 12857550 f:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 12857550











DUNMORE SOLAR DEVELOPMENT LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024
















TWP ACCOUNTING LLP
Chartered Accountants & Statutory Auditors
The Old Rectory
Church Street
Weybridge
Surrey
KT13 8DE

 
DUNMORE SOLAR DEVELOPMENT LIMITED
 

COMPANY INFORMATION


Directors
M Ilg (resigned 17 December 2024)
D Kelleher 
D Meehan 
A Morjaria (resigned 17 December 2024)
J Buggy (appointed 19 December 2024)
R Kilduff (appointed 19 December 2024)
P Bolton (resigned 11 December 2024)




Registered number
12857550



Registered office
The Old Rectory
Church Street

Weybridge

Surrey

KT13 8DE




Independent auditor
TWP Accounting LLP
Chartered Accountants & Statutory Auditor

The Old Rectory

Church Street

Weybridge

Surrey

KT13 8DE





 
DUNMORE SOLAR DEVELOPMENT LIMITED
REGISTERED NUMBER: 12857550

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
600
600

  
600
600

Current assets
  

Debtors
 5 
3,564,065
2,833,529

Cash at bank and in hand
 6 
240,662
98,176

  
3,804,727
2,931,705

Creditors: amounts falling due within one year
 7 
(308,552)
(170,345)

Net current assets
  
 
 
3,496,175
 
 
2,761,360

Total assets less current liabilities
  
3,496,775
2,761,960

Creditors: amounts falling due after more than one year
 8 
(2,867,054)
(2,353,259)

  

Net assets
  
629,721
408,701


Capital and reserves
  

Called up share capital 
 9 
100
100

Profit and loss account
 10 
629,621
408,601

  
629,721
408,701


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 6 March 2025.




D Kelleher
Director

The notes on pages 2 to 6 form part of these financial statements.

Page 1

 
DUNMORE SOLAR DEVELOPMENT LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Dunmore Solar Development Limited is incorporated in England and Wales and limited by shares. The nature of the company's operations and principal activity is a holding company. The registered address is The Old Rectory, Church Street, Weybridge, Surrey, England, KT13 8DE.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The company is the parent undertaking of a small group and as such is not required by the Companies Act 2006 to prepare group accounts. These financial statements therefore present information about the company as an individual undertaking and not it's group.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The following principal accounting policies have been applied:

 
2.2

Going concern

The company is reliant and has received written confirmation of the continued financial support of its major shareholder to provide sufficient working capital to meet its trading expectations for the foreseeable future which is defined as twelve months from the date of approval of these financial statements. Therefore the directors consider that the going concern basis of accounting is appropriate.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.5

Debtors

Debtors are measured at transaction price, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 2

 
DUNMORE SOLAR DEVELOPMENT LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
Investments in non-convertible preference shares and in non-puttable ordinary and preference shares are measured:
 •    at fair value with changes recognised in the Statement of Comprehensive Income if the shares 
      are publicly traded or their fair value can otherwise be measured reliably;
 •    at cost less impairment for all other investments.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.


3.


Employees

The Company has no employees other than the directors, who did not receive any remuneration (2023 - £NIL).


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 April 2023
600



At 31 March 2024
600




Page 3

 
DUNMORE SOLAR DEVELOPMENT LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Debtors


2024
2023
£
£

Due after more than one year

Amounts owed by group undertakings
3,564,014
2,781,526

3,564,014
2,781,526

Due within one year

Other debtors
51
52,003

3,564,065
2,833,529



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
240,662
98,176

240,662
98,176



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
820
9,719

Amounts owed to group undertakings
231,351
148,866

Other creditors
52,331
5,760

Accruals and deferred income
24,050
6,000

308,552
170,345



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Preference shares classified as debt
2,867,054
2,353,259

2,867,054
2,353,259


The preference shares are redeemable upon the holder's request at anytime by notice in writing. During the period no preference shares were redeemed by holders.

Page 4

 
DUNMORE SOLAR DEVELOPMENT LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

9.


Share capital

2024
2023
£
£
Shares classified as equity

Allotted, called up and fully paid



51 (2023 - 51) A Ordinary Shares shares of £1 each
51
51
49 (2023 - 49) B Ordinary Shares shares of £1 each
49
49

100

100

2024
2023
£
£
Shares classified as debt

Allotted, called up and fully paid



2,453,047 (2023 - 2,111,759) A Preference Shares shares of £1 each
2,453,047
2,111,759
414,007 (2023 - 241,500) B Preference Shares shares of £1 each
414,007
241,500

2,867,054

2,353,259


During the period, the company issued the following shares at par:
341,288 A preference shares of £1 each 
172,507 B preference shares of £1 each
The A Preference Shares and B Preference Shares which are classified as debt are redeemable upon the holder's request at any time by notice in writing.


10.


Reserves

Profit and loss account

The profit and loss account represents cumulative profits and losses net of adjustments.


11.


Related party transactions

The company is a parent to its wholly owned subsidiaries and accordingly has taken the exemptions provided within paragraph 33.1A of FRS 102 and therefore transactions with group companies have not been disclosed.

Page 5

 
DUNMORE SOLAR DEVELOPMENT LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

12.


Controlling party

The company's parent undertaking is Foresight UK Solar Development Holdco Limited, a company incorporated in England and Wales.
There is no ultimate controlling party.
At 17 December 2024 the parent undertaking is Elgin Energy Holdings Limited, a company incorporated in England and Wales. The ultimate parent undertaking is CI V Porto Topco Limited, a company incorporated in England and Wales.


13.


Auditor's information

The auditor's report on the financial statements for the year ended 31 March 2024 was unqualified.

The audit report was signed on 6 March 2025 by Philip Munk FCA FCCA (Senior Statutory Auditor) on behalf of TWP Accounting LLP.

This report is made solely to the company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. The audit work has been undertaken so that Auditors' might state to the company’s members those matters the Auditors' are required to state in an auditor’s report and for no other purpose. To the fullest extent permitted by law, TWP Accounting LLP will not accept or assume responsibility to anyone other than the company and the company’s members as a body, for the audit work, for the Independent Auditors' Report, or for the opinions formed.


Page 6