Honeypot Energy Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09242707 (England and Wales)

HONEYPOT ENERGY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2021

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

to

4

DIRECTORS:

P R Chatterton

R C Grindal

REGISTERED OFFICE:

14 London Road

Newark

Nottinghamshire

NG24 1TW

BUSINESS ADDRESS:

Wooleys Lane

Lobthorpe

Nr Colsterworth

Lincolnshire

NG33 5LS

REGISTERED NUMBER:

09242707 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

14 London Road

Newark

Nottinghamshire

NG24 1TW

FIXED ASSETS

Property, plant and equipment

4

1,129,488

1,147,505

CURRENT ASSETS

Debtors

5

83,145

121,497

Cash at bank

90,310

24,833

173,455

146,330

CREDITORS

Amounts falling due within one year

6

882,388

957,256

NET CURRENT LIABILITIES

(708,933

)

(810,926

)

TOTAL ASSETS LESS CURRENT LIABILITIES

420,555

336,579

PROVISIONS FOR LIABILITIES

78,494

63,911

NET ASSETS

342,061

272,668

CAPITAL AND RESERVES

Called up share capital

7

200

200

Retained earnings

341,861

272,468

SHAREHOLDERS' FUNDS

342,061

272,668

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2021 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 July 2022 and were signed on its behalf by:

P R Chatterton - Director

R C Grindal - Director

1.	STATUTORY INFORMATION

Honeypot Energy 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.

Revenue

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Property, plant and equipment

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Property, plant and equipment

-

5% on cost and Straight line over 7 years

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 year 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 3 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Property,

plant and

equipment

£

COST

At 1 November 2020

1,527,709

Additions

66,879

At 31 October 2021

1,594,588

DEPRECIATION

At 1 November 2020

380,204

Charge for year

84,896

At 31 October 2021

465,100

NET BOOK VALUE

At 31 October 2021

1,129,488

At 31 October 2020

1,147,505

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

75,009

106,252

Other debtors

8,136

15,245

83,145

121,497

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade creditors

87,958

69,284

Other creditors

794,430

887,972

882,388

957,256

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2021

2020

value:

£

£

200

Ordinary

£1

200

200