Long Ash Lane Solar Park Limited
Long Ash Lane Solar Park Limited
Registered number: 09624741
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 December 2019
Long Ash Lane Solar Park Limited
Unaudited Financial Statements
For The Year Ended 31 December 2019
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Abridged Balance Sheet | 1—2 |
| Notes to the Abridged Financial Statements | 3—5 |
Long Ash Lane Solar Park Limited
Abridged Balance Sheet
As at
31 December 2019
Abridged Balance Sheet
Registered number:
09624741
For the year ending 31 December 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
| 31 December 2019 | 31 December 2018 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 3 |
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| CURRENT ASSETS | |||||
| Debtors |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| Creditors: Amounts Falling Due After More Than One Year | (4,544,882) | (4,594,646) | |||
| PROVISIONS FOR LIABILITIES | |||||
| Deferred Taxation | - |
( |
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| NET ASSETS/(LIABILITIES) |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 4 |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS | 72,942 | (97,540) | |||
Page 1
Long Ash Lane Solar Park Limited
Abridged Balance Sheet (continued)
As at
31 December 2019
Director's responsibilities
-
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. -
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime. - The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
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All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 December 2019 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
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Director
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The notes on pages 3 to 5 form part of these financial statements.
Page 2
Long Ash Lane Solar Park Limited
Notes to the Abridged Financial Statements
For The Year Ended 31 December 2019
Notes to the Abridged Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Turnover
Turnover represents consideration receivable for electricity generated in the ordinary course of the company's activities. Revenue is recognised when the electricity is generated. Revenue is shown net of VAT, discounts and rebates.
1.3.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery - Solar parks - 25 years straight line
1.4.
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
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.
2.
Average Number of Employees
Average number of employees, including directors, during the year was as follows:
| 31 December 2019 | 31 December 2018 | ||
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| Directors |
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Page 3
Long Ash Lane Solar Park Limited
Notes to the Abridged Financial Statements (continued)
For The Year Ended 31 December 2019
3.
Tangible Assets
| Total | |
|---|---|
| £ | |
| Cost | |
| As at |
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| As at |
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| Depreciation | |
| As at |
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| Provided during the period |
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| As at |
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| Net Book Value | |
| As at |
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| As at |
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5.
Other Commitments
Minimum lease payments under non-cancellable operating leases fall due as follows:
| Other | ||
|---|---|---|
| 31 December 2019 | 31 December 2018 | |
| £ | £ | |
| Within 1 year | 30,267 | 27,550 |
| Between 1 and 5 years | 123,488 | 110,200 |
| After 5 years | 553,350 | 509,033 |
| 707,105 | 646,783 | |
6.
Ultimate Parent Undertaking and Controlling Party
The immediate parent undertaking is Atmosclear Investments Limited. Atmosclear Investments Limited was incorporated in England & Wales. Its registered office is Westminster House, 10 Westminster Road, Macclesfield, Cheshire, SK10 1BX.
7.
Contingent Liabilities
The company has an obligation on its operating lease that on cessation the land will be restored to its original condition. No provision has been made for this cost on the basis that the estimate cannot be reliably made.
Page 4
Long Ash Lane Solar Park Limited
Notes to the Abridged Financial Statements (continued)
For The Year Ended 31 December 2019
8.
General Information
Long Ash Lane Solar Park Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09624741 . The registered office is Westminster House, 10 Westminster Road, Macclesfield, Cheshire, SK10 1BX.
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