FW Discovery Holdco Limited - Limited company accounts 18.2

REGISTERED NUMBER: 11254336 (England and Wales)

Report of the Directors and

Unaudited Financial Statements for the Period 14 March 2018 to 31 March 2019

for

FW Discovery Holdco Limited

Page

Company Information

1

Report of the Directors

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTORS:

D P Cambridge

R J Thompson

C S Wright

REGISTERED OFFICE:

C/O Foresight Group

The Shard

32 London Bridge Street

London

SE1 9SG

REGISTERED NUMBER:

11254336 (England and Wales)

The directors present their report with the financial statements of the company for the period 14 March 2018 to 31 March 2019.

INCORPORATION

The company was incorporated on 14 March 2018 .

PRINCIPAL ACTIVITY

The principal activity of the company in the period under review was that of holding company to

both Petersham Energy Ltd, which is in turn a holding company of Petersham Midco Limited, and

Shepham Holdco Limited, which is the holding company of Second Generation Shepham Limited.

DIRECTORS

The directors who have held office during the period from 14 March 2018 to the date of this report

are as follows:

D P Cambridge - appointed 14 March 2018

R J Thompson - appointed 14 March 2018

C S Wright - appointed 14 March 2018

All the directors who are eligible offer themselves for election at the forthcoming first Annual

General Meeting.

SMALL COMPANY EXEMPTION

In preparing this report, the Directors have taken advantage of the small companies exemption

provided by section 414B of the Companies Act 2006, not to provide a Strategic Report.

GOING CONCERN

These accounts have been prepared on a going concern basis. The directors believe that this

basis is appropriate following consideration of cash flow forecasts, which show that the company is

able to meet its liabilities as they fall due.

We are aware that the company is in a net current liability position. It has been confirmed with

Blackmead Infrastructure Limited that the net current liability will not be called up within the next 12

months.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act

2006 relating to small companies.

ON BEHALF OF THE BOARD:

C S Wright - Director

11 December 2019

TURNOVER

-

Administrative expenses

(44,903

)

OPERATING LOSS and

LOSS BEFORE TAXATION

(44,903

)

Tax on loss

-

LOSS FOR THE FINANCIAL
PERIOD

(44,903

)

FIXED ASSETS

Investments

3

679,512

TOTAL ASSETS LESS CURRENT
LIABILITIES

679,512

CREDITORS

Amounts falling due after more than
one year

4

(724,415

)

NET LIABILITIES

(44,903

)

RESERVES

Retained earnings

(44,903

)

(44,903

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2019 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors on 11 December 2019 and were
signed on its behalf by:

C S Wright - Director

1.	STATUTORY INFORMATION

FW Discovery Holdco 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the period 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 period 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.

3.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 14 March 2018

and 31 March 2019

679,512

NET BOOK VALUE

At 31 March 2019

679,512

At 13 March 2018

679,512

4.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR

£

Other creditors

724,415