UK PV Limited - Accounts to registrar (filleted) - small 18.2
UK PV Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Financial Statements |
| for the Year Ended 31 March 2019 |
| for |
| UK PV LIMITED |
| UK PV LIMITED (REGISTERED NUMBER: 08986180) |
| Contents of the Financial Statements |
| for the Year Ended 31 March 2019 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| UK PV LIMITED |
| Company Information |
| for the Year Ended 31 March 2019 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| AUDITORS: |
| Registered Auditors |
| 107 Hindes Road |
| Harrow |
| Middlesex |
| HA1 1RU |
| UK PV LIMITED (REGISTERED NUMBER: 08986180) |
| Balance Sheet |
| 31 March 2019 |
| 2019 | 2018 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Investments | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital |
| Share premium |
| Other reserves |
| Retained earnings | ( |
) | ( |
) |
| 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 on by: |
| UK PV LIMITED (REGISTERED NUMBER: 08986180) |
| Notes to the Financial Statements |
| for the Year Ended 31 March 2019 |
| 1. | STATUTORY INFORMATION |
| UK PV Limited is a |
| registered number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Preparation of consolidated financial statements |
| The financial statements contain information about UK PV Limited as an individual company and do not contain |
| consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of |
| the Companies Act 2006 from the requirements to prepare consolidated financial statements. |
| Financial instruments |
| Financial instruments are recognised in the Company's balance sheet when the Company becomes party to the |
| contractual provisions of the instrument. |
| Basic financial assets, which include debtors and bank balances, are initially measured at transaction price and |
| are subsequently carried at amortised cost. |
| Basic financial liabilities, which include trade and other creditors, are initially recognised at transaction price and |
| are subsequently carried at amortised cost. |
| Interest-bearing borrowings are recognised initially at fair value less attributable issue costs. Finance charges |
| are accounted for on an accrual basis in the income statement using the effective interest rate method. |
| 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. |
| Investments |
| Investments held as fixed assets are stated at cost less any applicable provision for impairment. |
| Going concern |
| The directors have a reasonable expectation that the company has adequate resources to continue in |
| operational existence for the foreseeable future. |
| The company's sole subsidiary has a loan facility (with Santander UK plc, secured by a charge on the |
| subsidiary's assets) which expires within 12 months of the year end date. After the year end and prior to the |
| signing of these financial statements, the subsidiary's directors have secured a new long term financing facility |
| (15 years) which meets the subsidiary's requirements and provides adequate resources. |
| Based on the above the directors continue to adopt the going concern basis of accounting in preparing the |
| financial statements. |
| UK PV LIMITED (REGISTERED NUMBER: 08986180) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2019 |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was NIL (2018 - NIL). |
| 4. | FIXED ASSET INVESTMENTS |
| Other |
| investments |
| £ |
| COST |
| At 1 April 2018 |
| and 31 March 2019 |
| NET BOOK VALUE |
| At 31 March 2019 |
| At 31 March 2018 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Amounts owed by group undertakings |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Trade creditors |
| Amounts owed to group undertakings |
| Other creditors |
| Included in other creditors is an amount of £1,972,104 (2018: 1,938,630) loan notes secured by a charge on the |
| company's assets. |
| 7. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
| The Report of the Auditors was unqualified. |
| for and on behalf of |
| 8. | RELATED PARTY DISCLOSURES |
| At the balance sheet date, the company was owed by the parent company a loan balance of £122,500. |
| 9. | ULTIMATE CONTROLLING PARTY |
| The controlling party is Sg Holdco Ltd. |
| The ultimate controlling party is |