ACCOUNTS - Final Accounts

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

EAST ANGLIA GRID STORAGE ONE LIMITED - Company Information

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Registered number: 11110483

EAST ANGLIA GRID STORAGE ONE LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MARCH 2020

EAST ANGLIA GRID STORAGE ONE LIMITED

REGISTERED NUMBER: 11110483

BALANCE SHEET

AS AT 31 MARCH 2020

	31 March	31 December
	2020	2018
Note	£	£


CURRENT ASSETS
Stocks		56,624		-
Debtors: amounts falling due within one year	4	17,312		-
		73,936		-
Creditors: amounts falling due within one year	5	(76,704)		(87)
NET CURRENT LIABILITIES			(2,768)		(87)
NET LIABILITIES			(2,768)		(87)

CAPITAL AND RESERVES
Called up share capital	6	3	3
Profit and loss account		(2,771)	(90)
		(2,768)	(87)

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EAST ANGLIA GRID STORAGE ONE LIMITED

REGISTERED NUMBER: 11110483

BALANCE SHEET (CONTINUED)

AS AT 31 MARCH 2020

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

R B Stanton

Director

Date: 25 September 2020

The notes on pages 3 to 4 form part of these financial statements.

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EAST ANGLIA GRID STORAGE ONE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2020

1.	GENERAL INFORMATION

East Anglia Grid Storage One Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is Salisbury House, Station Road, Cambridge, CB1 2LA.
The principal trading address is Linden Square, 146 Kings Road, Bury St Edmunds, Suffolk, IP33 3DJ.
The Company's functional and presentational currency is GBP.

2.ACCOUNTING POLICIES

2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

GOING CONCERN

The Company incurred a loss for the financial year and had net liabilities of £2,768 as at 31 March 2020 (31 December 2018 - £87). The financial statements are prepared on the going concern basis on the assumption that the Company will continue to receive financial support from its connected companies to provide sufficient funds to enable it to meet its liabilities as they fall due.

2.3

STOCKS

Stocks and work in progress are valued at the lower of cost and net realisable value and comprise development costs capitalised and carried forward under ongoing projects.
Capitalised development costs are written off to the profit and loss account in the period in which losses are first foreseen.

2.4

DEBTORS

Short term debtors are measured at transaction price, less any impairment.

2.5

CREDITORS

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

EMPLOYEES

	The Company has no employees other than the directors, who did not receive any remuneration (2018 -£NIL).

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EAST ANGLIA GRID STORAGE ONE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2020

DEBTORS

					31 March	31 December
					2020	2018
					£	£


Prepayments and accrued income	17,312	-

Amounts owed to group undertakings	75,374	-
Other creditors	-	87
Accruals and deferred income	1,330	-

ALLOTTED, CALLED UP AND FULLY PAID

310 (2018 - NIL)) Ordinary shares of £0.01 each	3	-

ALLOTTED, CALLED UP AND NIL PAID

NIL (2018 - 310) Ordinary shares of £0.01 each	-	3

7.OTHER FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies that are not included in the balance sheet amount to £3,000,000 (2018 - £NIL).

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