Flintly Power Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07867113 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2019

for

Flintly Power Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Pinecroft Corporate Services Limited

G E Shaw

REGISTERED OFFICE:

C/O Foresight Group

The Shard

32 London Bridge Street

London

SE1 9SG

REGISTERED NUMBER:

07867113 (England and Wales)

FIXED ASSETS

Tangible assets

3

1,194,645

1,260,591

CURRENT ASSETS

Debtors

4

693,804

551,585

CREDITORS

Amounts falling due within one year

5

(4,528

)

(4,465

)

NET CURRENT ASSETS

689,276

547,120

TOTAL ASSETS LESS CURRENT LIABILITIES

1,883,921

1,807,711

PROVISIONS FOR LIABILITIES

(60,892

)

(46,720

)

NET ASSETS

1,823,029

1,760,991

CAPITAL AND RESERVES

Called up share capital

1,836,252

1,836,252

Retained earnings

(13,223

)

(75,261

)

SHAREHOLDERS' FUNDS

1,823,029

1,760,991

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

The members have not required the company to obtain an audit of its financial statements for the year 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 20 December 2019 and were signed on its behalf by:

G E Shaw - Director

1.	STATUTORY INFORMATION

Flintly Power 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

Going concern

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.

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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting

Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of

Ireland', not to disclose related party transactions with wholly owned subsidiaries within the

group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

4% on cost

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.

3.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2018

and 31 March 2019

1,648,655

DEPRECIATION

At 1 April 2018

388,064

Charge for year

65,946

At 31 March 2019

454,010

NET BOOK VALUE

At 31 March 2019

1,194,645

At 31 March 2018

1,260,591

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Amounts owed by group undertakings

588,527

521,160

Prepayments and accrued income

89,253

22,845

VAT

16,024

7,580

693,804

551,585

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade creditors

1

-

Accruals

4,527

4,465

4,528

4,465

6.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Averon Park Limited.