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AP2L 2407 DOBBY ROCKS ENERGY STORAGE LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2025
AP2L 2407 Dobby Rocks Energy Storage Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Old Rectory, Church Street, Weybridge, Surrey, KT13 8DE.
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 are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The following principal accounting policies have been applied:
The company was incorporated on 03 July 2024 and the first accounting period was from incorporation date to 31 March 2025.
The company is reliant upon the continued financial support of its ultimate parent to provide sufficient working capital to meet its trading expectations for the foreseeable future which is defined as twelve months from the date of approval of these financial statements. Therefore the directors consider that the going concern basis of accounting is appropriate.
Stock and Work in progress is recognised for the directly attributable capital expenditure on project site development, valued at the lower of cost or net realisable value, with appropriate allowances for impairment.
An assessment for impairment is conducted at each reporting date. If the carrying amount of stocks exceeds their estimated selling price, less costs to complete and sell, the excess is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.
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.
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.
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