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NZED PROJECTCO 4 LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2025
NZED Projectco 4 Limited is a private company limited by shares and is incorporated in England and Wales. Its registered number is 15553498. The registered office is Gables Lodge, 62 Kenilworth Road, Leamington Spa, CV32 6JX.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements comprise the unaudited financial statements of the Company and are stated in pound sterling, the Company's functional and presentational currency.
The following principal accounting policies which have been applied consistently throughout the period are set out below.
The Directors have considered the Company's ability to continue as a going concern and have given particular attention on the Company of the economic impact of current global politics.
The Directors have considered cashflow forecasts and covenant compliance based on the forecasts for the period to December 2026, including the results of scenario analysis performed on those forecasts.
The Group’s forecasts of trading, cash flows and continued performance give the Directors comfort that the going concern basis of accounting is appropriate for the preparation of the financial statements, on the basis that it will be able to continue to meet its financial obligations as they fall due for a period of at least twelve months from the date of approval of these financial statements.
Due to the long-term nature of the contracts that the Group holds with a blue-chip national infrastructure counterparty, the Directors are further satisfied that the going concern basis is appropriate.
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.
The Company has no employees and there were £Nil staff costs during the period.
The Directors did not receive any renumeration from the Company but were renumerated by their respective employing entity.
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