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Company No: 09246520 (England and Wales)

# SADBOROW SOLAR LIMITED

### Unaudited Financial Statements
For the financial year ended 31 March 2025
Pages for filing with the registrar

SADBOROW SOLAR LIMITED

## Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

SADBOROW SOLAR LIMITED

## COMPANY INFORMATION

For the financial year ended 31 March 2025
SADBOROW SOLAR LIMITED

## COMPANY INFORMATION (continued)

For the financial year ended 31 March 2025

DIRECTOR | Mr C G S Eyre

REGISTERED OFFICE | Centenary House Peninsula Park
| Rydon Lane
| Exeter
| EX2 7XE
| United Kingdom

COMPANY NUMBER | 09246520 (England and Wales)

CHARTERED ACCOUNTANTS | Francis Clark LLP
| Centenary House
| Peninsula Park
| Rydon Lane
| Exeter
| Devon EX2 7XE

SADBOROW SOLAR LIMITED

## BALANCE SHEET

As at 31 March 2025
SADBOROW SOLAR LIMITED

## BALANCE SHEET (continued)

As at 31 March 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 336,472 |  | 345,568
|  | 336,472 |  | 345,568
Current assets |  |  |  |
Cash at bank and in hand |  | 35,664 |  | 33,128
|  | 35,664 |  | 33,128
Creditors: amounts falling due within one year | 4 | ( 454,066) |  | ( 455,413)
Net current liabilities |  | (418,402) |  | (422,285)
Total assets less current liabilities |  | (81,930) |  | (76,717)
Net liabilities |  | ( 81,930) |  | ( 76,717)
Capital and reserves |  |  |  |
Called-up share capital | 5 | 100 |  | 100
Profit and loss account |  | ( 82,030 ) |  | ( 76,817 )
Total shareholders' deficit |  | ( 81,930) |  | ( 76,717)

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Sadborow Solar Limited (registered number: 09246520) were approved and authorised for issue by the Director on 28 May 2025. They were signed on its behalf by:

Mr C G S Eyre Director |

SADBOROW SOLAR LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
SADBOROW SOLAR LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Sadborow Solar Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Centenary House Peninsula Park, Rydon Lane, Exeter, EX2 7XE, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

At the balance sheet date the company was loss-making and had net current liabilities of £418,402 and net liabilities of £81,930.
The company is preparing to trade as a supplier of electricity. The company was expected to make losses in its early years due to initial set up costs, but it is expected to be profitable in future years.
In the opinion of the director, with the ongoing support of the shareholders, the company has sufficient working capital to be able to continue its activities for the foreseeable future.
The company is reliant upon the continued support of its shareholders. There are no indications that the support currently provided will be withdrawn. Consequently, the director considers it appropriate to prepare the financial statements on the going concern basis.

##### Turnover

Turnover is stated net of VAT and represents rental income which is recognised evenly over the rental period.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows;

Land and buildings | not depreciated
Plant and machinery | 20 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

##### Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
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 deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

##### Ordinary share capital

The ordinary share capital of the Company is presented as equity.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including the director | 1 |  | 1

#### 3. Tangible assets

| Land and buildings |  | Plant and machinery |  | Total
| £ |  | £ |  | £
Cost |  |  |  |  |
At 01 April 2024 | 253,820 |  | 181,927 |  | 435,747
At 31 March 2025 | 253,820 |  | 181,927 |  | 435,747
Accumulated depreciation |  |  |  |  |
At 01 April 2024 | 0 |  | 90,179 |  | 90,179
Charge for the financial year | 0 |  | 9,096 |  | 9,096
At 31 March 2025 | 0 |  | 99,275 |  | 99,275
Net book value |  |  |  |  |
At 31 March 2025 | 253,820 |  | 82,652 |  | 336,472
At 31 March 2024 | 253,820 |  | 91,748 |  | 345,568

#### 4. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Trade creditors | 267 |  | 0
Accruals | 2,563 |  | 4,411
Taxation and social security | 1,336 |  | 1,102
Other creditors | 449,900 |  | 449,900
| 454,066 |  | 455,413

#### 5. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
100 Ordinary shares of £ 1.00 each | 100 |  | 100

#### 6. Related party transactions

Other creditors comprise a director's loan account balance of £204,900 (2024: £204,900) and a balance of £245,000 (2024: £245,000) owed to a company under common control. These balances are interest free and are repayable on demand.