Votan Solar Limited
Votan Solar Limited
Registered number: 07738848
Unaudited ABRIDGED Financial Statements
For The Year Ended
31 December 2021
Votan Solar Limited
Unaudited Financial Statements
For The Year Ended
31 December 2021
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Abridged Balance Sheet | 2—3 |
| Notes to the Abridged Financial Statements | 4—5 |
Votan Solar Limited
Abridged Balance Sheet
As at
31 December 2021
Abridged Balance Sheet
Registered number:
07738848
For the year ending 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 3 |
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| CURRENT ASSETS | |||||
| Debtors |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year |
( |
( |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| Creditors: Amounts Falling Due After More Than One Year | (1,823,772) | (1,823,772) | |||
| NET LIABILITIES |
( |
( |
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| CAPITAL AND RESERVES | |||||
| Share premium account |
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| Profit and Loss Account |
( |
( |
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| SHAREHOLDERS' FUNDS | (432,114) | (495,036) | |||
Votan Solar Limited
Abridged Balance Sheet (continued)
As at
31 December 2021
Directors' responsibilities:
-
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The directors acknowledge their 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. - The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
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All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 December 2021 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
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Director
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The notes on pages 4 to 5 form part of these financial statements.
Votan Solar Limited
Notes to the Abridged Financial Statements
For The Year Ended
31 December 2021
Notes to the Abridged Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Turnover
Revenue is recognised to the extent that it is probable that economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, VAT and other sales taxes.
1.3.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Plant & Machinery |
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1.4.
Financial Instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
2.
Average Number of Employees
Average number of employees, including directors, during the year was as follows:
| 2021 | 2020 | ||
|---|---|---|---|
| Directors and company secretaries |
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3.
Tangible Assets
| Total | |
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| £ | |
| Cost | |
| As at
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| As at
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| Depreciation | |
| As at
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| Provided during the period |
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| As at
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| Net Book Value | |
| As at
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| As at
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Votan Solar Limited
Notes to the Abridged Financial Statements (continued)
For The Year Ended
31 December 2021
4.
Other Commitments
Contingent liabilities
The Company has a constructive obligation to return the land on which the solar sites are built to its original condition at the end of the lease. The directors believe that given the nature of the assets, the lessor may wish to either take title of the assets for either continued use or to realise value through selling the assets. As such, the directors do not believe that an outflow is probable to settle this restoration obligation. The directors will continue to monitor this situation at each balance sheet date.
Commitments under operating leases
The total of future minimum lease payments under non-cancellable operating leases are set out below. The amounts due are increased each year by the RPI.
| Land and buildings | ||
|---|---|---|
| 2021 | 2020 | |
| £ | £ | |
| Within 1 year | 10,048 | 9,343 |
| Between 1 and 5 years | 40,997 | 38,119 |
| After 5 years | 102,902 | 114,924 |
| 153,947 | 162,386 | |
5.
Ultimate Parent Undertaking and Controlling Party
The company's immediate parent undertaking is
Atmosclear Investments Limited
. Its registered office address is Westminster House, 10 Westminster Road, Macclesfield, Cheshire, SK10 1BX. Its principal place of business is Pine Grove Enterprise Centre, Pine Grove, Crowborough, East Sussex, TN6 1DH.
The ultimate parent undertaking is
Biothermic Holdings SA
. Its registered office address is 16 Rue Jean L'Aveugle, L-1148, Luxembourg.
6.
General Information
Votan Solar Limited
is a private company, limited by shares, incorporated in England & Wales, registered number
07738848
. The registered office is Westminster House, 10 Westminster Road, Macclesfield, Cheshire, SK10 1BX.