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REGISTERED NUMBER: 08868595 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Double H Renewables Limited

Double H Renewables Limited (Registered number: 08868595)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Double H Renewables Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mr N Stevenson
Mr D Stevenson





REGISTERED OFFICE: 4 Cedar Park
Cobham Road
Ferndown Industrial Estate
Wimborne
Dorset
BH21 7SF





REGISTERED NUMBER: 08868595 (England and Wales)





ACCOUNTANTS: Ward Goodman Audit Services Ltd
4 Cedar Park
Ferndown Industrial Estate
Wimborne
Dorset
BH21 7SF

Double H Renewables Limited (Registered number: 08868595)

Statement of Financial Position
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 582,033 704,054

CURRENT ASSETS
Debtors 5 321,207 115,257
Cash at bank 172,815 3,259
494,022 118,516
CREDITORS
Amounts falling due within one year 6 1,017,911 707,511
NET CURRENT LIABILITIES (523,889 ) (588,995 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

58,144

115,059

CREDITORS
Amounts falling due after more than one year 7 - (12,480 )

PROVISIONS FOR LIABILITIES 10 (32,363 ) (50,469 )
NET ASSETS 25,781 52,110

CAPITAL AND RESERVES
Called up share capital 11 20 20
Retained earnings 12 25,761 52,090
SHAREHOLDERS' FUNDS 25,781 52,110

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Double H Renewables Limited (Registered number: 08868595)

Statement of Financial Position - continued
30 June 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 March 2025 and were signed on its behalf by:





Mr N Stevenson - Director


Double H Renewables Limited (Registered number: 08868595)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Double H Renewables Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 8% on cost
Improvements to property - 8% on cost

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Going concern
These financial statements have been prepared on the going concern basis which relies on the continued support of the directors and the Company's bankers. The directors have confirmed their support of the company for a period not less than twelve months from the date of signing these financial statements.

Double H Renewables Limited (Registered number: 08868595)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Improvements
Plant and to
machinery property Totals
£    £    £   
COST
At 1 July 2023 1,907,895 126,236 2,034,131
Additions 61,975 17,222 79,197
At 30 June 2024 1,969,870 143,458 2,113,328
DEPRECIATION
At 1 July 2023 1,241,881 88,196 1,330,077
Charge for year 189,578 11,640 201,218
At 30 June 2024 1,431,459 99,836 1,531,295
NET BOOK VALUE
At 30 June 2024 538,411 43,622 582,033
At 30 June 2023 666,014 38,040 704,054

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts due from companies under common
control

190,967

-
Prepayments and accrued income 130,240 115,257
321,207 115,257

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 8) - 135,473
Trade creditors 18,072 31,864
Tax 3,883 5,159
Amounts owed to companies under common
control

480,706

25,472
Directors' current accounts 484,500 484,500
Accrued expenses 30,750 25,043
1,017,911 707,511

Double H Renewables Limited (Registered number: 08868595)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 8) - 12,480

8. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans - 135,473

Amounts falling due between one and two years:
Bank loans - 1-2 years - 12,480

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loan - 147,953

Debenture comprising fixed and floating charges over all the assets and undertaking given by Double H (Renewables) Limited including all present and future freehold and leasehold property, book and other debts, chattels, goodwill and uncalled capital both present and future.

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 32,363 50,469

Deferred
tax
£   
Balance at 1 July 2023 50,469
Accelerated capital allowances (18,106 )
Balance at 30 June 2024 32,363

Double H Renewables Limited (Registered number: 08868595)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

11. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £    £   
20 Share capital 1 £1 20 20

12. RESERVES
Retained
earnings
£   

At 1 July 2023 52,090
Deficit for the year (26,329 )
At 30 June 2024 25,761

13. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the directors by virtue of their equal shareholdings.