Registered number
SC576901
CWL ENERGY LIMITED
Filleted Accounts
31 July 2024
CWL ENERGY LIMITED
Registered number: SC576901
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Investments 3 18,896,687 16,962,430
Current assets
Debtors 4 10,263,447 10,203
Cash at bank and in hand 17,146 8,570
10,280,593 18,773
Creditors: amounts falling due within one year 5 (20,227) (13,521)
Net current assets 10,260,366 5,252
Total assets less current liabilities 29,157,053 16,967,682
Creditors: amounts falling due after more than one year 6 (26,545,566) (15,568,793)
Net assets 2,611,487 1,398,889
Capital and reserves
Called up share capital 1 1
Profit and loss account 2,611,486 1,398,888
Shareholder's funds 2,611,487 1,398,889
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
R M H Wood
Director
Approved by the board on 17 April 2025
CWL ENERGY LIMITED
Notes to the Accounts
for the period from 1 February 2023 to 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company - -
3 Investments
Investments in
subsidiary Property
undertakings investments Total Total
£ £ £ £
Cost
At 1 February 2023 15,577,529 1,384,901 16,962,430 16,962,430
Additions - 1,934,257 1,934,257 1,934,257
At 31 July 2024 15,577,529 3,319,158 18,896,687 18,896,687
4 Debtors 2024 2023
£ £
Prepayments and Accrued Income 7,970 1,065
Other taxation debtors 2,911 9,138
Other debtors 10,252,566 -
10,263,447 10,203
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 20,227 13,521
6 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 26,545,566 15,568,793
7 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd C/fwd
£ £ £ £ £
Loans to directors - 10,252,563 - 10,252,563 10,252,563
- 10,252,563 - 10,252,563 10,252,563
Loan to directors was fully repaid within 9 months of yearend.
8 Other information
CWL ENERGY LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Caledonian Exchange
19a Canning Street
Edinburgh
EH3 8HE
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