Morlas Power Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 08850521 (England and Wales)

Financial Statements for the Year Ended 31 October 2019

for

Morlas Power Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

E W Bastow

C P Course

SECRETARY:

H L Miles

REGISTERED OFFICE:

The Watering Farm

Creeting St Mary

Suffolk

IP6 8ND

REGISTERED NUMBER:

08850521 (England and Wales)

AUDITORS:

Hardcastle Burton LLP

Lake House

Market Hill

Royston

Hertfordshire

SG8 9JN

CURRENT ASSETS

Debtors

4

483,187

416,187

CREDITORS

Amounts falling due within one year

5

10,250

2,050

NET CURRENT ASSETS

472,937

414,137

TOTAL ASSETS LESS CURRENT
LIABILITIES

472,937

414,137

CAPITAL AND RESERVES

Called up share capital

6

5,000

Share premium

595,064

Retained earnings

(127,127

)

(185,927

)

SHAREHOLDERS' FUNDS

472,937

414,137

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 and authorised for issue on 30 April 2020 and were
signed on its behalf by:

C P Course - Director

1.	STATUTORY INFORMATION

Morlas 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

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.

The company became dormant from 26 February 2018, following the disposal of the AD plants that it managed.

Turnover and work in progress

Revenue is recognised only when it is probable that the economic benefits associated with the transaction will

flow to the company. When a specific act within the provision of the service is much more significant that any

other acts, the recognition of revenue is postponed until the significant act is executed. If this significant act has

not been reached but it is probable that the company will recover the transaction costs incurred, then the project

costs are carried forward and released when the relevant income is recognised.

The amount of costs released against income will be by reference to the stage of completion of the project. This

may be on the basis of the amount of costs relative to the income earned at the point of the significant act

occurring or by reference to the proportion of costs incurred to date compared to the total estimated costs. Costs

carried forward in this manner are included in work in progress. Where the outcome of a project cannot be

estimated reliably and it is not probable that the costs incurred will be recovered, then the costs are expensed to

the profit and loss account immediately.

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.

Fixed asset investments

Investments are stated at cost less provision for any permanent diminution in value.

3.	EMPLOYEES AND DIRECTORS

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

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.19

31.10.18

£

Amounts owed by group undertakings

483,187

416,187

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.19

31.10.18

£

Accruals and deferred income

10,250

2,050

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.19

31.10.18

value:

£

146,875

Ordinary "A"

.01

1,469

353,125

Ordinary "B"

.01

3,531

5,000

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Denise Lindsell FCA (Senior Statutory Auditor)

for and on behalf of Hardcastle Burton LLP

8.	ULTIMATE CONTROLLING PARTY

Heathpatch Limited is the ultimate parent undertaking of the company. The group accounts can be obtained from

the Registrar of Companies www.companieshouse.gov.uk

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

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