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Registered number: 06830992










BENTLEY RENEWABLES LIMITED

AUDITED
FINANCIAL STATEMENTS

FOR THE YEAR ENDED
31 DECEMBER 2024
 






 



 






 
BENTLEY RENEWABLES LIMITED
 

COMPANY INFORMATION


Directors
Mr M Quatraro 
Mr U Heinam (resigned 19 January 2024)
Ms S R Blackburn (resigned 19 January 2024)
Ms A L Bath 
Ms C Phillips (appointed 19 January 2024)
Mr J Scott (appointed 19 January 2024)




Registered number
06830992



Registered office
3rd Floor (South)
200 Aldersgate Street

London

EC1A 4HD




Independent auditors
Wellden Turnbull Limited
Chartered Accountants & Statutory Auditors

Albany House

Claremont Lane

Esher

Surrey

KT10 9FQ





 
BENTLEY RENEWABLES LIMITED
 

CONTENTS



Page
Balance sheet
 
 
1
Notes to the financial statements
 
 
2 - 7

 
BENTLEY RENEWABLES LIMITED
REGISTERED NUMBER: 06830992

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
331,279
360,803

Current assets
  

Debtors: amounts falling due within one year
 6 
8,975
9,480

Cash at bank and in hand
 7 
31,520
27,643

Current Liabilites
  

Creditors: amounts falling due within one year
 8 
(42,251)
(38,779)

Net current liabilities
  
 
 
(1,756)
 
 
(1,656)

Total assets less current liabilities
  
329,523
359,147

  

Net assets
  
329,523
359,147


Capital and reserves
  

Called up share capital 
 9 
100
100

Share premium account
 10 
730,610
730,610

Profit and loss account
 10 
(401,187)
(371,563)

  
329,523
359,147


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 income and retained earnings 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 by: 




Mr M Quatraro
Director

Date: 17 April 2025

The notes on pages 2 to 7 form part of these financial statements.
Page 1

 
BENTLEY RENEWABLES LIMITED
 

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

1.


General information

Bentley Renewables Limited is a private company, limited by shares and incorporated in England and Wales, registration number 06830992. The registered office is 3rd Floor (South), 200 Aldersgate Street, London, England, EC1A 4HD and the principal place of business is Magazine Field Solar Farm, Atherstone, Warwickshire, CV9 2HQ.
In the prior period the Company extended its year end from 30 September 2023 to 31 December 2023. The prior period financial statements therefore cover the period from 1 October 2022 to 31 December 2023. The current year financial statements cover the period from 1 January 2024 to 31 December 2024.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies (see note 3).

These 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

Compliance with accounting standards

The financial statements have been prepared using FRS102, the financial reporting standard applicable in the UK and Republic of Ireland, including the disclosure and presentation requirements of Section 1A, applicable to small companies. There were no material departures from that standard.

 
2.3

Going concern

The Company was loss making in the period but is in a net asset position at the year end date. The financial statements have been prepared on a going concern basis which means that the Company can be expected to meet its liabilities as they fall due for a period of 12 months from the date of signing these financial statements. In assessing the appropriateness of the going concern basis of preparation the Directors have taken into account the key risks of the business as well as the Company’s business model and the availability of cash resources.
In preparing this assessment the Directors cite the ongoing support of the Company's shareholders. The Directors are comfortable that the Company's shareholders are able to provide sufficient resources to enable it to meet its liabilities as they fall due. On this basis the Directors consider it appropriate to prepare the financial statements on a going concern basis.

 
2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 

Page 2

 
BENTLEY RENEWABLES LIMITED
 

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

2.Accounting policies (continued)

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
4%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

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.

 
2.8

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.
 
Page 3

 
BENTLEY RENEWABLES LIMITED
 

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

2.Accounting policies (continued)

 
2.9

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Judgements in applying accounting policies and key sources of estimation uncertainty

In preparing the financial statements, management is required to make judgements, estimates and assumptions which affect reported income, expenses, assets, liabilities and disclosure of contingent assets and liabilities. Use of available information and application of judgement are inherent in the formation of estimates, together with past experience and expectations of future events that are believed to be reasonable under the circumstances. Actual results in the future could differ from such estimates.
Management do not consider the Company to have any significant judgements or key sources of estimation uncertainty.

Page 4

 
BENTLEY RENEWABLES LIMITED
 

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

4.


Employees

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


5.


Tangible fixed assets





Plant and machinery

£



Cost or valuation


At 1 January 2024
738,112



At 31 December 2024

738,112



Depreciation


At 1 January 2024
377,309


Charge for the year on owned assets
29,524



At 31 December 2024

406,833



Net book value



At 31 December 2024
331,279



At 31 December 2023
360,803

Page 5

 
BENTLEY RENEWABLES LIMITED
 

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

6.


Debtors

2024
2023
£
£


Prepayments and accrued income
8,975
9,480



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
31,520
27,643



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
114
-

Amounts owed to related undertakings
33,276
29,301

Accruals and deferred income
8,861
9,478

42,251
38,779


Amounts owed to related undertakings are unsecured, interest free and repayable on demand. 


9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares shares of £1.00 each
100
100



10.


Reserves

Share premium account

The share premium account is the credited difference in price between the par value of shares and the total price the Company received for the issued shares.

Profit and loss account

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

Page 6

 
BENTLEY RENEWABLES LIMITED
 

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

11.


Related party transactions


 
The Company has taken advantage of the exemption available under paragraph 1AC.35 of the Financial Reporting Standard 102 - section 1A.

12.


Controlling party

The Company is owned by Gren WTE (Baddesley) Limited (76%) and Murex Solar B Limited (24%) both of which are companies incorporated in England and Wales.
As at the balance sheet date the ultimate controlling party is Gren Holding I Sarl.


13.


Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2024 was unqualified.

The audit report was signed on 17 April 2025 by Thomas Clark ACA (Senior statutory auditor) on behalf of Wellden Turnbull Limited.


Page 7