Acorah Software Products - Accounts Production 16.3.350 false true true 31 December 2023 1 November 2022 false 1 January 2024 31 December 2024 31 December 2024 13254676 Mr Owen Saward Mr James Spooner Mr Matti Manner Climate ER Helio Ltd true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13254676 2023-12-31 13254676 2024-12-31 13254676 2024-01-01 2024-12-31 13254676 frs-core:CurrentFinancialInstruments 2024-12-31 13254676 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-01-01 2024-12-31 13254676 frs-core:OtherResidualIntangibleAssets 2024-12-31 13254676 frs-core:OtherResidualIntangibleAssets 2024-01-01 2024-12-31 13254676 frs-core:OtherResidualIntangibleAssets 2023-12-31 13254676 frs-core:ShareCapital 2024-12-31 13254676 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 13254676 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 13254676 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 13254676 frs-bus:SmallEntities 2024-01-01 2024-12-31 13254676 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 13254676 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 13254676 1 2024-01-01 2024-12-31 13254676 frs-bus:Director1 2024-01-01 2024-12-31 13254676 frs-bus:Director2 2024-01-01 2024-12-31 13254676 frs-bus:Director3 2024-01-01 2024-12-31 13254676 frs-countries:EnglandWales 2024-01-01 2024-12-31 13254676 2022-10-31 13254676 2023-12-31 13254676 2022-11-01 2023-12-31 13254676 frs-core:CurrentFinancialInstruments 2023-12-31 13254676 frs-core:ShareCapital 2023-12-31 13254676 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 13254676
Rotherham Solar 1 Ltd
Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 13254676
31 December 2024 31 December 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 808,911 564,922
808,911 564,922
CURRENT ASSETS
Debtors 5 90,407 674
Cash at bank and in hand 8,944 2,238
99,351 2,912
Creditors: Amounts Falling Due Within One Year 6 (971,346 ) (622,975 )
NET CURRENT ASSETS (LIABILITIES) (871,995 ) (620,063 )
TOTAL ASSETS LESS CURRENT LIABILITIES (63,084 ) (55,141 )
NET LIABILITIES (63,084 ) (55,141 )
CAPITAL AND RESERVES
Called up share capital 7 2 2
Profit and Loss Account (63,086 ) (55,143 )
SHAREHOLDERS' FUNDS (63,084) (55,141)
For the year ending 31 December 2024 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Owen Saward
Director
31/01/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Rotherham Solar 1 Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13254676 . The registered office is Upper Borough Walls Upper Borough Walls, Northgate House, 2nd Floor, Bath, BA1 1RG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have prepared the financial statements on a going concern basis which assumes that the company will have sufficient financial resources to meet its liabilities for a period of at least twelve months from the date of approving these financial statements. The company’s balance sheet includes a significant net creditor position owed to group undertakings, and therefore the directors have considered the support received from the wider group when completing this assessment. Based on the support which the directors expect to be available from the parent company and wider group during this early development phase, the directors consider it appropriate to prepare the financial statements on a going concern basis.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Expenditure on research activities is charged to the profit and loss account as incurred.
Expenditure on development activities is capitalised as intangible assets if the project is considered to be technically and commercially feasible and has received formal board approval and funding to complete the project for use.
Development projects relate to solar developments. Costs incurred in bringing these projects to the consent stage include options over land rights, planning application costs and environmental impact studies.
Development assets are not amortised until the asset is complete and ready for its intended use at which point it is transferred into Property Plant and Equipment. Intangible assets are subject to annual impairment testing.
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
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Page 2
Page 3
4. Intangible Assets
Other
£
Cost
As at 1 January 2024 564,922
Additions 243,989
As at 31 December 2024 808,911
Net Book Value
As at 31 December 2024 808,911
As at 1 January 2024 564,922
5. Debtors
31 December 2024 31 December 2023
£ £
Due within one year
Other debtors - 2
Other taxes and social security 90,407 672
90,407 674
6. Creditors: Amounts Falling Due Within One Year
31 December 2024 31 December 2023
£ £
Trade creditors - 7,502
Accruals and deferred income 1,500 3,825
Amounts owed to group undertakings 969,846 611,648
971,346 622,975
7. Share Capital
31 December 2024 31 December 2023
£ £
Allotted, Called up and fully paid 2 2
8. Related Party Transactions
Climate ER Helio Ltd (Company number: 13698085)
As at 31 December 2024,  Climate ER Helio Ltd was the ultimate controlling party of Rotherham Solar 1 Ltd by virtue of its ownership of 100% of the issued share capital in the company.
During the year the company was charged £210,718 (2023: £133,722) under the Developer Service agreement, other costs were recharged of £7,480 (2023: £1,402) by Climate ER Helio Ltd and net payments were made by Climate ER Helio Ltd to Rotherham Solar 1 Ltd of £140,000.
The amount due to Climate ER Helio Ltd at the year end was £969,846 (2023: £611,648) which is repayable on demand and interest free.
9. Ultimate Controlling Party
The company's ultimate controlling party is Climate ER Helio Ltd by virtue of his ownership of 100% of the issued share capital in the company.
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