Foresight Solar Australia (UK) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10202014 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2019

for

Foresight Solar Australia (UK) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G Fraser

D M Hughes

J C Richards

REGISTERED OFFICE:

C/O Foresight Group

The Shard

32 London Bridge Street

London

SE1 9SG

REGISTERED NUMBER:

10202014 (England and Wales)

CURRENT ASSETS

Debtors

4

2,788,918

2,781,016

Prepayments and accrued income

707,036

707,036

3,495,954

3,488,052

CREDITORS

Amounts falling due within one year

5

-

(2,098

)

NET CURRENT ASSETS

3,495,954

3,485,954

TOTAL ASSETS LESS CURRENT LIABILITIES

3,495,954

3,485,954

CAPITAL AND RESERVES

Called up share capital

2,000

2,000

Retained earnings

3,493,954

3,483,954

3,495,954

3,485,954

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 24 December 2019 and were signed on its behalf by:

G Fraser - Director

1.	STATUTORY INFORMATION

Foresight Solar Australia (UK) 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Turnover

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

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2018 - NIL).

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Amounts owed by group undertakings

2,788,918

2,781,016

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Taxation and social security

-

2,098

6.	ULTIMATE CONTROLLING PARTY

The ultimate parent company is Foresight Group Holdings Limited, a company registered in

Guernsey. The ultimate controlling party is Mr B W Fairman.

At the year-end, the company owed Foresight Group Holdings Limited £2,788,918 (2018:

£2,781,016) and the company received a service charge of £10,000 from Foresight Group

Holdings Limited. In 2018, the company received a service charge of £12,000 from Foresight

Group LLP, an entity also controlled by Mr B W Fairman.