Aerofoil Energy (Holdings) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 12681535 (England and Wales)

AEROFOIL ENERGY (HOLDINGS) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 19 JUNE 2020 TO 31 DECEMBER 2020

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

E A Baty

N J Burke

P F McAndrew

R D Frost

D M Shapland

REGISTERED OFFICE:

Suite F2.1 1st Floor

Adelphi Mill

Grimshaw Lane, Bollington

Macclesfield

Cheshire

SK10 5JB

REGISTERED NUMBER:

12681535 (England and Wales)

ACCOUNTANTS:

Clarke Nicklin LLP

Chartered Accountants

Clarke Nicklin House

Brooks Drive

Cheadle Royal Business Park

Cheadle

Cheshire

SK8 3TD

FIXED ASSETS

Investments

4

325

CURRENT ASSETS

Cash at bank

1,675,013

CREDITORS

Amounts falling due within one year

5

1,885

NET CURRENT ASSETS

1,673,128

TOTAL ASSETS LESS CURRENT LIABILITIES

1,673,453

CAPITAL AND RESERVES

Called up share capital

6

325

Retained earnings

1,673,128

SHAREHOLDERS' FUNDS

1,673,453

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2020.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2020 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 May 2021 and were signed on its behalf by:

E A Baty - Director

1.	STATUTORY INFORMATION

Aerofoil Energy (Holdings) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are presented in Sterling (£).

Going concern

The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The directors have reached this conclusion giving due consideration to the projected future performance of the company and any potential risk that might impact the company's ability to meet its required solvency levels. For this reason, they continue to adopt the going concern basis in preparing the financial statements.

Preparation of consolidated financial statements

The financial statements contain information about Aerofoil Energy (Holdings) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 5 .

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertaking

£

COST

Additions

325

At 31 December 2020

325

NET BOOK VALUE

At 31 December 2020

325

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Aerofoil Energy Limited

Registered office: Suite F2.1, 1st Floor Adelphi Mill. Grimshaw Lane, Bollington, Macclesfield, Cheshire, England, SK10 5JB

Nature of business: Refrigeration solutions

%

Class of shares:

holding

Ordinary

100.00

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Amounts owed to group undertakings

1,000

Accrued expenses

885

1,885

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

32,500

Ordinary

1p

325

1 1p Ordinary share was issued on incorporation for cash at par.

On 9 September 2020, the company acquired the entire share capital of Aerofoil Energy Limited in a share for share exchange, issuing 32,499 1p Ordinary shares.

7.	ULTIMATE CONTROLLING PARTY

There is no overall ultimate controlling party.