Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-31falsetrue2024-01-01falseNo description of principal activity22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13656675 2024-01-01 2024-12-31 13656675 2023-01-01 2023-12-31 13656675 2024-12-31 13656675 2023-12-31 13656675 2023-01-01 13656675 c:Director1 2024-01-01 2024-12-31 13656675 d:CurrentFinancialInstruments 2024-12-31 13656675 d:CurrentFinancialInstruments 2023-12-31 13656675 d:ShareCapital 2024-01-01 2024-12-31 13656675 d:ShareCapital 2024-12-31 13656675 d:ShareCapital 2023-01-01 2023-12-31 13656675 d:ShareCapital 2023-12-31 13656675 d:ShareCapital 2023-01-01 13656675 d:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 13656675 d:RetainedEarningsAccumulatedLosses 2024-12-31 13656675 d:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 13656675 d:RetainedEarningsAccumulatedLosses 2023-12-31 13656675 d:RetainedEarningsAccumulatedLosses 2023-01-01 13656675 c:FRS102 2024-01-01 2024-12-31 13656675 c:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 13656675 c:FullAccounts 2024-01-01 2024-12-31 13656675 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 13656675 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure
Registered number: 13656675


85 DEGREES RENEWABLE MANAGEMENT LIMITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 DECEMBER 2024

 
85 DEGREES RENEWABLE MANAGEMENT LIMITED
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF 85 DEGREES RENEWABLE MANAGEMENT LIMITED
FOR THE YEAR ENDED 31 DECEMBER 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of 85 Degrees Renewable Management Limited for the year ended 31 December 2024 which comprise the Balance Sheet, the Statement of Changes in Equity and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of Directors of 85 Degrees Renewable Management Limited, as a body, in accordance with the terms of our engagement letter dated 1 October 2021Our work has been undertaken solely to prepare for your approval the financial statements of 85 Degrees Renewable Management Limited and state those matters that we have agreed to state to the Board of Directors of 85 Degrees Renewable Management Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than 85 Degrees Renewable Management Limited and its Board of Directors, as a body, for our work or for this report. 

It is your duty to ensure that 85 Degrees Renewable Management Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of 85 Degrees Renewable Management Limited. You consider that 85 Degrees Renewable Management Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of 85 Degrees Renewable Management Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Ashings Limited
 
Chartered Accountants
  
Northside House
Mount Pleasant
Cockfosters
Herts
EN4 9EB
19 June 2025
Page 1

 
85 DEGREES RENEWABLE MANAGEMENT LIMITED
REGISTERED NUMBER: 13656675

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
£
£


Current assets
537,342
395,382

Creditors: amounts falling due within one year
(73,231)
(74,433)

Net current assets
 
 
464,111
 
 
320,949

Total assets less current liabilities
464,111
320,949


Net assets
464,111
320,949



Capital and reserves
464,111
320,949


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 profit and loss account 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 on 19 June 2025.




Maarten Roderik Bruggink
Director

The notes on pages 5 to 7 form part of these financial statements.

Page 2

 
85 DEGREES RENEWABLE MANAGEMENT LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2024


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 January 2024
100
320,849
320,949


Comprehensive income for the year

Profit for the year

-
143,162
143,162


Other comprehensive income for the year
-
-
-


Total comprehensive income for the year
-
143,162
143,162


Total transactions with owners
-
-
-


At 31 December 2024
100
464,011
464,111


The notes on pages 5 to 7 form part of these financial statements.

Page 3

 
85 DEGREES RENEWABLE MANAGEMENT LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2023


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 January 2023
-
175,895
175,895


Comprehensive income for the year

Profit for the year

-
144,954
144,954


Other comprehensive income for the year
-
-
-


Total comprehensive income for the year
-
144,954
144,954


Contributions by and distributions to owners

Shares issued during the year
100
-
100


Total transactions with owners
100
-
100


At 31 December 2023
100
320,849
320,949


The notes on pages 5 to 7 form part of these financial statements.

Page 4

 
85 DEGREES RENEWABLE MANAGEMENT LIMITED
 

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

1.


General information

Enter user text here... 

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Profit and Loss Account within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 5

 
85 DEGREES RENEWABLE MANAGEMENT LIMITED
 

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

2.Accounting policies (continued)

 
2.3

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. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


 
2.5

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.

 
2.6

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.

Page 6

 
85 DEGREES RENEWABLE MANAGEMENT LIMITED
 

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

2.Accounting policies (continued)

 
2.7

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.


3.


Employees

The average monthly number of employees, including the directors, during the year was as follows:


        2024
        2023
            No.
            No.







Directors
2
2


4.


Debtors

2024
2023
£
£


Trade debtors
-
310

Other debtors
391,717
207,837

391,717
208,147



5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
145,625
187,237

145,625
187,237



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
-
4,474

Corporation tax
47,721
43,683

Other taxation and social security
23,560
24,326

Accruals and deferred income
1,950
1,950

73,231
74,433



Page 7