JBM Solar Projects 21 Limited - Accounts to registrar (filleted) - small 18.2
JBM Solar Projects 21 Limited - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE PERIOD |
30 JANUARY 2020 TO 31 DECEMBER 2020 |
FOR |
JBM SOLAR PROJECTS 21 LIMITED |
JBM SOLAR PROJECTS 21 LIMITED (REGISTERED NUMBER: 12433929) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 30 JANUARY 2020 TO 31 DECEMBER 2020 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
JBM SOLAR PROJECTS 21 LIMITED |
COMPANY INFORMATION |
FOR THE PERIOD 30 JANUARY 2020 TO 31 DECEMBER 2020 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
Chartered Accountants |
Statutory Auditors |
First Floor, Winston House |
349 Regents Park Road |
London |
N3 1DH |
JBM SOLAR PROJECTS 21 LIMITED (REGISTERED NUMBER: 12433929) |
BALANCE SHEET |
31 DECEMBER 2020 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Profit and loss account | 7 | ( |
) |
( |
) |
In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
JBM SOLAR PROJECTS 21 LIMITED (REGISTERED NUMBER: 12433929) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 30 JANUARY 2020 TO 31 DECEMBER 2020 |
1. | STATUTORY INFORMATION |
JBM Solar Projects 21 Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Tangible fixed assets |
Plant and machinery etc | - |
Tangible fixed assets represents the cost of construction of solar plants, civil/structural, planning and professional fees capitalised throughout the life of the project. As the assets are still in development no depreciation is charged during the financial period. |
Financial instruments |
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. |
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. |
Debt instruments are subsequently measured at amortised cost unless they are classified as receivable within one year in which case they are measured at the undiscounted amount of the cash or other consideration expected to be received net of impairment. |
Financial liabilities that are classified as payable within one year are subsequently measured at the undiscounted amount of the cash or other consideration expected to be paid. |
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset or settle the liability simultaneously. |
Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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. |
JBM SOLAR PROJECTS 21 LIMITED (REGISTERED NUMBER: 12433929) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 30 JANUARY 2020 TO 31 DECEMBER 2020 |
2. | ACCOUNTING POLICIES - continued |
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. |
Going concern |
The balance sheet at the end of the year recorded net current liabilities. However, the director believes sufficient financial resources are available to the company to enable it to continue trading into the foreseeable future. Therefore, the financial statements have been prepared on a going concern basis. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was NIL. |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
Additions |
At 31 December 2020 |
NET BOOK VALUE |
At 31 December 2020 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade creditors |
Amounts owed to group undertakings |
Other creditors |
JBM SOLAR PROJECTS 21 LIMITED (REGISTERED NUMBER: 12433929) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 30 JANUARY 2020 TO 31 DECEMBER 2020 |
7. | RESERVES |
Profit |
and loss |
account |
£ |
Deficit for the period | ( |
) |
At 31 December 2020 | ( |
) |
The only movement in reserves during the period is the issue of shares and the profit (loss) for the period less dividends for the period. |
8. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
9. | PARENT UNDERTAKINGS |
The company which heads the smallest group within which the results of this company are consolidated is, PP Asset Management Limited. The address of its registered office is First Floor, Winston House, 349 Regents Park Road, London, UK, N3 1DH and consolidated accounts are available from Companies House. |