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REGISTERED NUMBER: 11728713 (England and Wales)






















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2023

FOR

REDCLIFF ENERGY ADVISORS LTD

REDCLIFF ENERGY ADVISORS LTD (REGISTERED NUMBER: 11728713)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


REDCLIFF ENERGY ADVISORS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTOR: M E Humphries





REGISTERED OFFICE: 15 Hugh Mews
London
SW1V 1QH





REGISTERED NUMBER: 11728713 (England and Wales)





ACCOUNTANTS: George Hay & Company
Chartered Accountants
83 Cambridge Street
London
SW1V 4PS

REDCLIFF ENERGY ADVISORS LTD (REGISTERED NUMBER: 11728713)

BALANCE SHEET
31ST DECEMBER 2023

2023 2022
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 3,626 2,174

CURRENT ASSETS
Debtors 5 315,112 250,430
Cash at bank 21,082 41,503
336,194 291,933
CREDITORS
Amounts falling due within one year 6 237,426 212,307
NET CURRENT ASSETS 98,768 79,626
TOTAL ASSETS LESS CURRENT
LIABILITIES

102,394

81,800

CREDITORS
Amounts falling due after more than one
year

7

15,523

23,095
NET ASSETS 86,871 58,705

CAPITAL AND RESERVES
Called up share capital 1 2
Retained earnings 86,870 58,703
86,871 58,705

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

REDCLIFF ENERGY ADVISORS LTD (REGISTERED NUMBER: 11728713)

BALANCE SHEET - continued
31ST DECEMBER 2023


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 12th May 2025 and were signed by:





M E Humphries - Director


REDCLIFF ENERGY ADVISORS LTD (REGISTERED NUMBER: 11728713)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023

1. STATUTORY INFORMATION

Redcliff Energy Advisors Ltd 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.
Fixtures and fittings - 25% straight line
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

REDCLIFF ENERGY ADVISORS LTD (REGISTERED NUMBER: 11728713)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial 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 and investments in non-puttable ordinary shares.

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 profit and loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st January 2023 4,869 4,994 9,863
Additions - 4,034 4,034
Disposals - (1,049 ) (1,049 )
At 31st December 2023 4,869 7,979 12,848
DEPRECIATION
At 1st January 2023 3,034 4,655 7,689
Charge for year 899 1,683 2,582
Eliminated on disposal - (1,049 ) (1,049 )
At 31st December 2023 3,933 5,289 9,222
NET BOOK VALUE
At 31st December 2023 936 2,690 3,626
At 31st December 2022 1,835 339 2,174

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 39,500 19,976
Other debtors 4,500 -
Director's current account 211,137 180,746
Tax 59,642 49,385
Prepayments 333 323
315,112 250,430

REDCLIFF ENERGY ADVISORS LTD (REGISTERED NUMBER: 11728713)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 7,673 7,673
Trade creditors 669 1,352
PAYE 93,287 84,186
Pension 10,293 8,233
Tax 114,200 96,181
Other creditors 2,334 2,948
Accruals and deferred income 8,970 11,734
237,426 212,307

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 7,673 7,673
Bank loans - 2-5 years 7,850 15,422
15,523 23,095

Included in bank loans is an amount of £23,196 (2022 - £30,769) owed to HSBC Bank under the Coronavirus Bounce Back Loan Scheme.

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st December 2023 and 31st December 2022:

2023 2022
£    £   
M E Humphries
Balance outstanding at start of year 180,746 149,349
Amounts advanced 72,963 47,770
Amounts repaid (42,572 ) (16,373 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 211,137 180,746