21st Century Energy Limited - Accounts to registrar (filleted) - small 18.2

21st Century Energy Limited - Accounts to registrar (filleted) - small 18.2

21ST CENTURY ENERGY LIMITED - Company Information

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REGISTERED NUMBER: 07687825 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2019

FOR

21ST CENTURY ENERGY LIMITED
21ST CENTURY ENERGY LIMITED (REGISTERED NUMBER: 07687825)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2019










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


21ST CENTURY ENERGY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2019







DIRECTORS: T S Williams
Thames Street Services Limited





SECRETARY: G L Whitehouse





REGISTERED OFFICE: 6th Floor St Magnus House
3 Lower Thames Street
London
EC3R 6HD





REGISTERED NUMBER: 07687825 (England and Wales)
Page 1
21ST CENTURY ENERGY LIMITED (REGISTERED NUMBER: 07687825)

BALANCE SHEET
30 SEPTEMBER 2019

30/9/19 30/9/18
Notes £ £
FIXED ASSETS
Tangible assets 4 435,290 460,187

CURRENT ASSETS
Debtors 5 153,012 95,909
Cash at bank 127,163 137,193
280,175 233,102
CREDITORS
Amounts falling due within one year 6 (60,465 ) (51,311 )
NET CURRENT ASSETS 219,710 181,791
TOTAL ASSETS LESS CURRENT
LIABILITIES
655,000
641,978

CREDITORS
Amounts falling due after more than
one year
7
(457,373
)
(457,373
)
NET ASSETS 197,627 184,605

CAPITAL AND RESERVES
Called up share capital 3,600 3,600
Share premium 170,400 170,400
Retained earnings 23,627 10,605
197,627 184,605

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 notes form part of these financial statements

Page 2 continued...
21ST CENTURY ENERGY LIMITED (REGISTERED NUMBER: 07687825)

BALANCE SHEET - continued
30 SEPTEMBER 2019


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 June 2020 and were signed on its behalf by:





Thames Street Services Limited - Director


The notes form part of these financial statements

Page 3
21ST CENTURY ENERGY LIMITED (REGISTERED NUMBER: 07687825)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2019


1. STATUTORY INFORMATION

21st Century Energy 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.

Turnover
Turnover represents income from the generation of renewable electricity from the
operational installations during the year, excluding Value Added Tax. Turnover is
recognised in the period in which the electricity is generated.

Turnover is generated through the sale of electricity under Power Purchase Agreements and
through the UK Government's Feed-in-Tariff (FiT) scheme.

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 - Straight line over 25 years

Financial instruments
Financial instruments are recognised in the company's balance sheet when the company
becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial
statements, when there is a legally enforceable right to set off the recognised amounts and
there is an intention to settle on a net basis or to realise the asset and settle the liability
simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially
measured at transaction price including transaction costs and are subsequently carried at
amortised cost using the effective interest method unless the arrangement constitutes a
financing transaction, where the transaction is measured at the present value of the future
receipts discounted at a market rate of interest. Financial assets classified as receivable
within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies
and preference shares that are classified as debt, are initially recognised at transaction price
unless the arrangement constitutes a financing transaction, where the debt instrument is
measured at the present value of the future payments discounted at a market rate of
interest. Financial liabilities classified as payable within one year are not amortised.


Page 4 continued...
21ST CENTURY ENERGY LIMITED (REGISTERED NUMBER: 07687825)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2019


2. ACCOUNTING POLICIES - continued
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. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 October 2018
and 30 September 2019 622,408
DEPRECIATION
At 1 October 2018 162,221
Charge for year 24,897
At 30 September 2019 187,118
NET BOOK VALUE
At 30 September 2019 435,290
At 30 September 2018 460,187

Page 5 continued...
21ST CENTURY ENERGY LIMITED (REGISTERED NUMBER: 07687825)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2019


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/19 30/9/18
£ £
Trade debtors - 620
Deferred tax asset 15,559 26,277
VAT debtor 3,928 7,076
Prepayments - 649
Accrued income 133,525 61,287
153,012 95,909

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/19 30/9/18
£ £
Trade creditors 18,393 7,847
Other creditors 42,072 42,131
Accruals and deferred income - 1,333
60,465 51,311

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30/9/19 30/9/18
£ £
Bank loans and overdrafts 457,373 457,373

8. ULTIMATE CONTROLLING PARTY

The directors do not regard the company as being under the control of any one person or
entity throughout the year under review.

Page 6