Abbreviated Company Accounts - CORNAVARROW WINDFARM LTD

CORNAVARROW WINDFARM LTD - Company Information

NI053569 CORNAVARROW WINDFARM LTD 2015-01-31 false 2014-02-01 2015-01-31 true NI053569 2014-02-01 2015-01-31 NI053569 2015-01-31 NI053569 2014-01-31 NI053569 uk-gaap-cd-bus:Director1 2014-02-01 2015-01-31 NI053569 uk-gaap-cd-bus:Director2 2014-02-01 2015-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-02-01 2015-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-01-31 iso4217:GBP shares

Registered Number NI053569

CORNAVARROW WINDFARM LTD

Abbreviated Accounts

31 January 2015

CORNAVARROW WINDFARM LTD Registered Number NI053569

Abbreviated Balance Sheet as at 31 January 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	2,200,288	1,485,977
		2,200,288	1,485,977
Current assets
Debtors		9,697	1,226
Cash at bank and in hand		3,364	1,021
		13,061	2,247
Creditors: amounts falling due within one year		(2,213,249)	(1,488,223)
Net current assets (liabilities)		(2,200,188)	(1,485,976)
Total assets less current liabilities		100	1
Total net assets (liabilities)		100	1
Capital and reserves
Called up share capital	3	100	1
Shareholders' funds		100	1

For the year ending 31 January 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 26 October 2015

And signed on their behalf by:
Doreen Walker, Director

CORNAVARROW WINDFARM LTD Registered Number NI053569

Notes to the Abbreviated Accounts for the period ended 31 January 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements have been prepared under the historical cost accounting convention as modified by the revaluation of certain fixed assets.

Cash flow statement
The accounts do not include a cash flow statement because the company, as a small reporting entity, is exempt from the requirement to prepare such a statement under Financial Reporting Standard 1 “Cash flow statements”.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less provision for permanent diminution in value.

The cost of wind farms under development are treated as assets under construction and includes all costs associated with bringing the asset into productive use including interest capitalised and related costs directly attributable to the specific development. A property ceases to be a development asset when brought into productive use, and will begin to depreciate on a straight line basis over its estimated useful economic life.

Once brought into productive use, depreciation is provided to write off plant and machinery on a straight line basis over its estimated useful economic life of 20 years.

Other accounting policies
Taxation
The charge for taxation is based on the profit for the year and takes into account taxation deferred because of timing differences between the treatment of certain items for taxation and accounting purposes. Deferred tax is provided in accordance with FRS 19. Deferred tax assets are only recognised to the extent that they are recoverable.

2Tangible fixed assets

	£
Cost
At 1 February 2014	1,485,977
Additions	714,311
Disposals	-
Revaluations	-
Transfers	-
At 31 January 2015	2,200,288
Depreciation
At 1 February 2014	-
Charge for the year	-
On disposals	-
At 31 January 2015	-
Net book values
At 31 January 2015	2,200,288
At 31 January 2014	1,485,977

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
100 Ordinary shares of £1 each (1 shares for 2014)	100	1