CSE21_LIMITED - Accounts

CSE21_LIMITED - Accounts

SUNDON BATTERY STORAGE LIMITED - Company Information

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Company Registration No. 10824109 (England and Wales)
CSE21 LIMITED
ANNUAL REPORT AND UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 SEPTEMBER 2020
PAGES FOR FILING WITH REGISTRAR
TWP Accounting LLP
Chartered Accountants
The Old Rectory
Church Street
Weybridge
Surrey
KT13 8DE
CSE21 LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
CSE21 LIMITED
Company Registration No. 10824109
BALANCE SHEET
AS AT
30 SEPTEMBER 2020
30 September 2020
- 1 -
2020
2019
Notes
£
£
£
£
Current assets
Debtors
3
100
100
Creditors: amounts falling due within one year
4
(361,170)
(205,062)
Net current liabilities
(361,070)
(204,962)
Capital and reserves
Called up share capital
5
100
100
Profit and loss reserves
(361,170)
(205,062)
Total equity
(361,070)
(204,962)

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 September 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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

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

The financial statements were approved by the board of directors and authorised for issue on 2 March 2021 and are signed on its behalf by:
J Kilduff
Director
CSE21 LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2020
- 2 -
1
Accounting policies
Company information

CSE21 Limited is a private company limited by shares incorporated in England and Wales. The registered office is 1 Fore St Ave, Barbican, London, UK, EC2Y 9DT.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

During the year the company has made a loss of £156,108 and has net current liabilities of £361,070. Included in creditors are amounts due to fellow subsidiary company, Clearstone Services Limited of £361,170.

 

Whilst the current COVID-19 pandemic has created uncertainty over the future financial implications to the worldwide economy, the director of the parent company is confident that the company has adequate resources to continue in operational existence for the foreseeable future and meet its financial obligations. Therefore the accounts have been prepared on the going concern basis.

 

1.3
Financial instruments
Basic financial assets
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Basic financial liabilities
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.
CSE21 LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2020
- 3 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2020
2019
Number
Number
Total
-
0
-
3
Debtors
2020
2019
Amounts falling due within one year:
£
£
Other debtors
100
100
4
Creditors: amounts falling due within one year
2020
2019
£
£
Amounts owed to group undertakings
361,170
205,062
361,170
205,062
5
Called up share capital
2020
2019
£
£
Ordinary share capital
Issued and fully paid
100 Ordinary shares of £1 each
100
100
6
Controlling party

The company is under the control of Clearstone Energy Limited which is the parent company.

2020-09-302019-10-01false04 March 2021CCH SoftwareCCH Accounts Production 2020.310No description of principal activityJ KilduffT KilduffB Pratt108241092019-10-012020-09-30108241092020-09-30108241092019-09-3010824109core:CurrentFinancialInstrumentscore:WithinOneYear2020-09-3010824109core:CurrentFinancialInstrumentscore:WithinOneYear2019-09-3010824109core:CurrentFinancialInstruments2020-09-3010824109core:CurrentFinancialInstruments2019-09-3010824109core:ShareCapital2020-09-3010824109core:ShareCapital2019-09-3010824109core:RetainedEarningsAccumulatedLosses2020-09-3010824109core:RetainedEarningsAccumulatedLosses2019-09-3010824109bus:Director12019-10-012020-09-3010824109core:WithinOneYear2020-09-3010824109core:WithinOneYear2019-09-3010824109bus:PrivateLimitedCompanyLtd2019-10-012020-09-3010824109bus:SmallCompaniesRegimeForAccounts2019-10-012020-09-3010824109bus:FRS1022019-10-012020-09-3010824109bus:AuditExemptWithAccountantsReport2019-10-012020-09-3010824109bus:Director22019-10-012020-09-3010824109bus:Director32019-10-012020-09-3010824109bus:FullAccounts2019-10-012020-09-30xbrli:purexbrli:sharesiso4217:GBP