Union D. Energy Systems Development Corporation Limited Filleted accounts for Companies House (small and micro)

UNION D. ENERGY SYSTEMS DEVELOPMENT CORPORATION LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 03655623

Union D. Energy Systems Development Corporation Limited

Filleted Unaudited Financial Statements

31 October 2019

Union D. Energy Systems Development Corporation Limited

Statement of Financial Position

31 October 2019

	2019		2018
Note	£	£	£

Current assets

Debtors	4	3,707	2,969
Cash at bank and in hand		29,440	35,008
		--------	--------
		33,147	37,977

Creditors: amounts falling due within one year	5	271,269		112,919
		---------		---------
Net current liabilities			238,122	74,942
			---------	--------
Total assets less current liabilities			( 238,122)	( 74,942)
			---------	--------

Capital and reserves

Called up share capital	122	122
Profit and loss account	( 238,244)	( 75,064)
	---------	--------
Shareholders deficit	( 238,122)	( 74,942)
	---------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 October 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 8 January 2021 , and are signed on behalf of the board by:

Mr Hughes
Director

Company registration number: 03655623

Union D. Energy Systems Development Corporation Limited

Notes to the Financial Statements

Year ended 31 October 2019

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Hallswelle House, 1 Hallswelle Road, London, NW11 ODH.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

4. Debtors

	2019	2018
	£	£
Other debtors	3,707	2,969
	-------	-------

5. Creditors: amounts falling due within one year

	2019	2018
	£	£
Amounts owed to related undertakings	267,806	110,305
Other creditors	3,463	2,614
	---------	---------
	271,269	112,919
	---------	---------

6. Related party transactions

Amounts due to/from related companies are disclosed separately in the debtors and creditors notes to the accounts.

7. Controlling party

The ultimate holding company is Union D.Energy Systems Development Corporation, a company incorporated in the British Virgin Islands.