Renewables (SW) Limited
Renewables (SW) Limited
Registered number: 08450273
Unaudited ABRIDGED Financial Statements
For The Year Ended
31 December 2021
Renewables (SW) 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 |
Renewables (SW) Limited
Abridged Balance Sheet
As at
31 December 2021
Abridged Balance Sheet
Registered number:
08450273
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.
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| 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 | (1,286,808) | (1,248,917) | |||
| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 4 |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS | 192,708 | 135,129 | |||
Renewables (SW) Limited
Abridged Balance Sheet (continued)
As at
31 December 2021
Director's responsibilities
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The member has 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. - 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.
Renewables (SW) 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
Turnover represents consideration receivable for electricity generated in the ordinary course of the company's activities. Revenue is recognised when the electricity is generated. Revenue is shown net of VAT, discounts and rebates.
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 - Solar parks - 25 years straight line
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 | ||
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| Directors |
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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 | |
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| Provided during the period |
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| Net Book Value | |
| As at
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| As at
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Renewables (SW) Limited
Notes to the Abridged Financial Statements (continued)
For The Year Ended
31 December 2021
5.
Other Commitments
Minimum lease payments under non-cancellable operating leases fall due as follows:
| Other | ||
|---|---|---|
| 2021 | 2020 | |
| £ | £ | |
| Within 1 year | 8,922 | 8,000 |
| Between 1 and 5 years | 36,401 | 32,640 |
| After 5 years | 129,760 | 132,833 |
| 175,083 | 173,473 | |
6.
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.
7.
Contingent Liabilities
The company has an obligation on its operating lease that on cessation the land will be restored to its original condition. No provision has been made for this cost on the basis that the estimate cannot be reliably made.
8.
General Information
Renewables (SW) Limited
is a private company, limited by shares, incorporated in England & Wales, registered number
08450273
. The registered office is Westminster House, 10 Westminster Road, Macclesfield, Cheshire, SK10 1BX.