ACCOUNTS - Final Accounts preparation

ACCOUNTS - Final Accounts preparation

SAMBAR POWER LIMITED - Company Information

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Caseware UK (AP4) 2020.0.247 2020.0.247 2020-03-312020-03-31true1truetrue2019-04-01No description of principal activity1 SC380227 2019-04-01 2020-03-31 SC380227 2018-04-01 2019-03-31 SC380227 2020-03-31 SC380227 2019-03-31 SC380227 c:Director2 2019-04-01 2020-03-31 SC380227 c:RegisteredOffice 2019-04-01 2020-03-31 SC380227 d:CurrentFinancialInstruments 2020-03-31 SC380227 d:CurrentFinancialInstruments 2019-03-31 SC380227 d:CurrentFinancialInstruments d:WithinOneYear 2020-03-31 SC380227 d:CurrentFinancialInstruments d:WithinOneYear 2019-03-31 SC380227 d:ShareCapital 2020-03-31 SC380227 d:ShareCapital 2019-03-31 SC380227 c:EntityHasNeverTraded 2019-04-01 2020-03-31 SC380227 c:FRS102 2019-04-01 2020-03-31 SC380227 c:AuditExempt-NoAccountantsReport 2019-04-01 2020-03-31 SC380227 c:FullAccounts 2019-04-01 2020-03-31 SC380227 c:PrivateLimitedCompanyLtd 2019-04-01 2020-03-31 iso4217:GBP xbrli:pure

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SAMBAR POWER LIMITED


Company registration number SC380227


FILING FINANCIAL STATEMENTS


FOR THE YEAR ENDED 31 MARCH 2020






























 
SAMBAR POWER LIMITED
 

CONTENTS



Page
Company Information
 
1
Statement of Financial Position
 
2
Notes to the Financial Statements
 
3 - 4


 
SAMBAR POWER LIMITED
 
 
COMPANY INFORMATION


Director
G Grant 




Registered number
SC380227



Registered office
49 York Place

Edinburgh

EH1 3JD




Accountants
Azets

Exchange Place 3

Semple Street

Edinburgh

EH3 8BL




1
 
SAMBAR POWER LIMITED
REGISTERED NUMBER:SC380227

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2020

2020
2019
£
£

  

Current assets
  

Cash at bank and in hand
  
101
1

  
101
1

Creditors: amounts falling due within one year
 4 
(100)
-

Net current assets
  
 
 
1
 
 
1

Total assets less current liabilities
  
1
1

  

Net assets
  
1
1


Capital and reserves
  

Called up share capital 
  
1
1

  
1
1


For the year ended 31 March 2020 the company was entitled to exemption from audit under section 480 of the Companies Act 2006.

Members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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 Section 1A 'Small Entities' of Financial
Reporting Standard 102.

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

As permitted by Section 444 of the Companies Act 2006, the director has not delivered to the Registrar a copy
of the company's Statement of Income and Retained Earnings for the period ended 31 March 2020.

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



................................................
G Grant
Director

Date: 26 February 2021

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

2

 
SAMBAR POWER LIMITED
 
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2020

1.


General information

The financial statements are presented in Pounds Sterling (GBP), as that is the currency in which the majority of the company's transactions are denominated. They comprise the financial statements of the company drawn up for the year ended 31 March 2020.
Sambar Power Limited did not trade during the current or previous year.
The company is a private company limited by shares and is incorporated in United Kingdom and registered in Scotland.  Details of the registered office can be found on the company information page of these financial statements.  The company's registered number is SC380227.

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the company's accounting policies.

 
2.2

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.3

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2019 - 1).


4.


Creditors: Amounts falling due within one year

2020
2019
£
£

Amounts owed to other participating interests
100
-

100
-


3

 
SAMBAR POWER LIMITED
 
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2020

5.


Controlling party

The ultimate controlling parent is Stag Energy Management Limited. The ultimate controlling party is G Grant.

4