ACCOUNTS - Final Accounts

RYZE POWER LIMITED - Company Information

Print Friendly Version

Registered number: 13415440

RYZE HYDROGEN LTD

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2021

RYZE HYDROGEN LTD

COMPANY INFORMATION

Directors	J Bamford (appointed 24 May 2021)
	J Burns (appointed 24 May 2021)


Registered number	13415440


Registered office	Union House
	12-16 St. Michaels Street
	Oxford
	England
	OX1 2DU


Accountants	Rawlinson & Hunter LLP
	Chartered Accountants
	Eighth Floor
	6 New Street Square
	New Fetter Lane
	London
	EC4A 3AG

RYZE HYDROGEN LTD

CONTENTS

	Page
Balance Sheet	1
Statement of Changes in Equity	2
Notes to the Financial Statements	3 - 4

RYZE HYDROGEN LTD

REGISTERED NUMBER: 13415440

BALANCE SHEET

AS AT 31 DECEMBER 2021

		2021
Note		£


Current assets
Debtors: amounts falling due within one year	4	6,375
		6,375
Creditors: amounts falling due within one year	5	(44,045)
Net current liabilities			(37,670)
Total assets less current liabilities			(37,670)

Net liabilities			(37,670)

Capital and reserves
Called up share capital	6	100
Profit and loss account		(37,770)
		(37,670)

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

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 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 FRS 102 Section 1A - small entities.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

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

J Burns

Director

Date: 22 October 2022

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

Page 1

RYZE HYDROGEN LTD

STATEMENT OF CHANGES IN EQUITY

FOR THE PERIOD ENDED 31 DECEMBER 2021

	Called up share capital	Profit and loss account	Total equity
	£	£	£
Comprehensive income for the period
Loss for the period	-	(37,770)	(37,770)
Other comprehensive income for the period	-	-	-
Total comprehensive income for the period	-	(37,770)	(37,770)
Shares issued during the period	100	-	100
Total transactions with owners	100	-	100
At 31 December 2021	100	(37,770)	(37,670)

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

Page 2

RYZE HYDROGEN LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2021

1.	General information

Ryze Hydrogen Limited is a private company, limited by shares, incoporated in England and Wales with registration number 13415440. The registered office is Union House, 12 - 16 St. Michaels Street, Oxford, England, OX1 2DU.

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 following principal accounting policies have been applied:

2.2

Going concern

The financial statements have been prepared on a going concern basis which assumes the continued financial support of the directors, who have provided confirmation of their intention to provide such financial support as is necessary for the company to continue its operations for the foreseeable future and at least 12 months from the date of signing of the financial statements.

2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

2.4

Debtors

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.

2.5

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.

Employees

The average monthly number of employees, including directors, during the period was 2.

Page 3

RYZE HYDROGEN LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2021

Debtors

					2021
					£


	Other debtors	6,375
		6,375

5.	Creditors: Amounts falling due within one year
		2021
		£

	Trade creditors	4,593
	Amounts owed to group undertakings	33,054
	Accruals and deferred income	6,398
		44,045

6.	Share capital
		2021
		£

		Allotted, called up and partly paid

		100 Ordinary shares of £1.00 each	100

On incorporation, 100 ordinary shares having a nominal value of £1 were issued at par.

Page 4