Company registration number 07210977 (England and Wales)
BARFOOT ENERGY PROJECTS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
BARFOOT ENERGY PROJECTS LTD
BALANCE SHEET
AS AT
31 DECEMBER 2023
31 December 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Investments
3
10,001
10,001
Current assets
Debtors
4
1,290
940
Cash at bank and in hand
64
154
1,354
1,094
Creditors: amounts falling due within one year
5
(604,041)
(599,478)
Net current liabilities
(602,687)
(598,384)
Total assets less current liabilities
(592,686)
(588,383)
Deferred income
-
0
(1,250)
Net liabilities
(592,686)
(589,633)
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
(592,786)
(589,733)
Total equity
(592,686)
(589,633)

For the financial year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

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.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 17 March 2025 and are signed on its behalf by:
Mr K  Purkis
Director
Company registration number 07210977 (England and Wales)
BARFOOT ENERGY PROJECTS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
- 2 -
1
Accounting policies
Company information

Barfoot Energy Projects Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Belvedere House, Basing View, Basingstoke, RG21 4HG.

1.1
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.

At the balance sheet date the company had net liabilities of £592,686 (2022 - £589,633). The group has expressed their willingness to support the company as necessary and along with the forecasted future profitable trade the business is considered a going concern. The accounts and financial statements have therefore been prepared on a going concern basis.

1.2
Fixed asset investments

Investments in subsidiary undertakings are recognised at cost.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.3
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.4
Financial instruments
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

2
Employees

The average monthly number of persons employed by the company during the year was nil (2022: nil).

BARFOOT ENERGY PROJECTS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 3 -
3
Fixed asset investments
2023
2022
£
£
Shares in group undertakings and participating interests
1
1
Other investments other than loans
10,000
10,000
10,001
10,001
Movements in fixed asset investments
Shares in subsidiaries
Other investments
Total
£
£
£
Cost or valuation
At 1 January 2023 & 31 December 2023
1
10,000
10,001
At 31 December 2023
1
10,000
10,001
Impairment
At 1 January 2023 & 31 December 2023
-
-
-
At 31 December 2023
-
-
-
0
Carrying amount
At 31 December 2023
1
10,000
10,001
At 31 December 2022
1
10,000
10,001
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Other debtors
1,290
940
5
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
-
0
2,503
Amounts owed to connected companies
604,041
596,975
604,041
599,478
6
Secured debts

Aviva Investors Infrastructure Income No.4A Limited and Aviva Investors Infrastructure Income No.4B Limited have a fixed and floating charge over the assets of the company.

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