Tiverton Energy Centre Ltd

Tiverton Energy Centre Ltd

TIVERTON ENERGY CENTRE LTD - Company Information

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Company Registration No. 06428261 (England and Wales)
Tiverton Energy Centre Ltd Unaudited accounts for the year ended 31 March 2020
Tiverton Energy Centre Ltd Unaudited accounts Contents
Page
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Tiverton Energy Centre Ltd Company Information for the year ended 31 March 2020
Director
Mr W Reed
Secretary
Mrs E Reed
Company Number
06428261 (England and Wales)
Registered Office
Tiverton Energy Centre Cleave Farm Templeton Tiverton EX16 8BP
Accountants
EllamWalker Ltd Sydeham Farm Rackenford Tiverton Devon EX16 8ER
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Tiverton Energy Centre Ltd Statement of financial position as at 31 March 2020
2020 
2019 
Notes
£ 
£ 
Current assets
Cash at bank and in hand
130 
130 
Creditors: amounts falling due within one year
4
(68,876)
(68,876)
Net current liabilities
(68,746)
(68,746)
Total assets less current liabilities
(68,746)
(68,746)
Creditors: amounts falling due after more than one year
5
(75,000)
(75,000)
Net liabilities
(143,746)
(143,746)
Capital and reserves
Called up share capital
6
100 
100 
Profit and loss account
(143,846)
(143,846)
Shareholders' funds
(143,746)
(143,746)
For the year ending 31 March 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 March 2021 and were signed on its behalf by
Mr W Reed Director Company Registration No. 06428261
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Tiverton Energy Centre Ltd Notes to the Accounts for the year ended 31 March 2020
1
Statutory information
Tiverton Energy Centre Ltd is a private company, limited by shares, registered in England and Wales, registration number 06428261. The registered office is Tiverton Energy Centre, Cleave Farm, Templeton, Tiverton, EX16 8BP.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Going concern
The accounts have been prepared on a going concern basis as although the planning application was unsuccessful the director will continue to fund the company and it's project.
4
Creditors: amounts falling due within one year
2020 
2019 
£ 
£ 
Trade creditors
5,676 
5,676 
Amounts owed to group undertakings and other participating interests
4,893 
4,893 
Loans from directors
56,507 
56,507 
Accruals
1,800 
1,800 
68,876 
68,876 
5
Creditors: amounts falling due after more than one year
2020 
2019 
£ 
£ 
Other creditors
75,000 
75,000 
6
Share capital
2020 
2019 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
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Tiverton Energy Centre Ltd Notes to the Accounts for the year ended 31 March 2020
7
Transactions with related parties
The amounts owed to group undertakings represents interest free loans from Greener for Life Marketing Ltd - £167 (2019 - £167), Greener for Life Energy Ltd - £2,734 (2019 - £2,734) and GFL Dairy Ltd - £1,992 (2019 - £1,992). Mr W Reed is a director of Greener for Life Marketing Ltd and GFL Dairy Ltd and he was a director of Greener for Life Energy Ltd until it went into voluntary liquidation. The other creditors figure due after more than on year of £75,000 represents a loan from Torridge Vale Limited, of which Mr W Reed is also a director. The director, Mr W Reed has made an interest free loan to Tiverton Energy Centre Ltd of £56,507 (2019 - £56,507)
8
Controlling party
The ultimate controlling party is Mr W Reed.
9
Average number of employees
During the year the average number of employees was 0 (2019: 0).
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