REGISTERED NUMBER: 13668479 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

LONGWORTHY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M J D Campbell

J A V Stoney

REGISTERED OFFICE:

Biddlesgate Farm

Cranborne

Wimborne

BH21 5RS

REGISTERED NUMBER:

13668479 (England and Wales)

ACCOUNTANTS:

Lucentum Business Services Ltd

Beckwith Barn

Warren Estate

Lordship Road

Chelmsford

Essex

CM1 3WT

CURRENT ASSETS

Stocks

5

318,604

10,759

Debtors

6

514

-

Cash at bank

7

2,950

-

322,068

10,759

CREDITORS

Amounts falling due within one year

8

324,567

10,771

NET CURRENT LIABILITIES

(2,499

)

(12

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(2,499

)

(12

)

CAPITAL AND RESERVES

Called up share capital

9

1

1

Retained earnings

(2,500

)

(13

)

SHAREHOLDERS' FUNDS

(2,499

)

(12

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 May 2025 and were signed on its behalf by:

J A V Stoney - Director

1.	STATUTORY INFORMATION

Longworthy Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

Amounts are rounded to the nearest Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Going concern

At the balance sheet date the company had net liabilities which is represented by amounts owed to group undertakings.

The directors have considered the cashflow requirements of the company for a period of twelve months from the date of approval of these financial statements and are satisfied that sufficient financial resources will continue to be made available by the parent company.

Accordingly these financial statements have been prepared on a going concern basis.

Stocks

Stocks and work in progress comprise costs incurred in respect of renewable energy projects in the course of development. They are valued at the lower of cost and anticipated net revenue. Provisions are made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

Financial instruments

The company only enters into basic financial instruments 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, loans to related parties and investments in non puttable ordinary shares.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

5.

STOCKS

2024

2023

£

£

Work-in-progress

318,604

10,759

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other debtors

514

-

7.	CASH AT BANK

2024

2023

£

£

Bank account

2,950

-

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

1,879

12

Amounts owed to group undertakings

322,031

10,759

Other creditors

657

-

324,567

10,771

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary

£0.01

1

1

10.	ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of One Planet Developments Portfolio 1 Limited.