ACCOUNTS - Final Accounts

TM TRADING ROOFTOP SOLAR 1 LIMITED - Company Information

Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-312022-12-3132022-01-01falseThe construction of a rooftop solar site3falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13333058 2022-01-01 2022-12-31 13333058 2021-04-14 2021-12-31 13333058 2022-12-31 13333058 2021-12-31 13333058 c:Director1 2022-01-01 2022-12-31 13333058 c:Director3 2022-01-01 2022-12-31 13333058 c:RegisteredOffice 2022-01-01 2022-12-31 13333058 d:PlantMachinery 2022-01-01 2022-12-31 13333058 d:PlantMachinery 2022-12-31 13333058 d:PlantMachinery 2021-12-31 13333058 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 13333058 d:CurrentFinancialInstruments 2022-12-31 13333058 d:CurrentFinancialInstruments 2021-12-31 13333058 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 13333058 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 13333058 d:ShareCapital 2022-12-31 13333058 d:ShareCapital 2021-04-14 2021-12-31 13333058 d:ShareCapital 2021-12-31 13333058 d:RetainedEarningsAccumulatedLosses 2022-01-01 2022-12-31 13333058 d:RetainedEarningsAccumulatedLosses 2022-12-31 13333058 d:RetainedEarningsAccumulatedLosses 2021-04-14 2021-12-31 13333058 d:RetainedEarningsAccumulatedLosses 2021-12-31 13333058 c:FRS102 2022-01-01 2022-12-31 13333058 c:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 13333058 c:FullAccounts 2022-01-01 2022-12-31 13333058 c:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 iso4217:GBP xbrli:pure

Registered number: 13333058

TM TRADING ROOFTOP SOLAR 1 LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

TM TRADING ROOFTOP SOLAR 1 LIMITED

COMPANY INFORMATION

Directors	P. E. Dias
	B. D. Rhys Jones


Registered number	13333058


Registered office	6th Floor 33 Holborn
	London, England,
	EC1N 2HT

TM TRADING ROOFTOP SOLAR 1 LIMITED

CONTENTS

	Page
Balance Sheet	1
Statement of Changes in Equity	2
Notes to the Financial Statements	3 - 6

TM TRADING ROOFTOP SOLAR 1 LIMITED

REGISTERED NUMBER: 13333058

BALANCE SHEET

AS AT 31 DECEMBER 2022

		2022		2021
Note		£		£

Fixed assets
Tangible assets	4		1,515,270		1,583,722
Current assets
Debtors	5	51,426		114,987
Cash at bank and in hand		377,499		141,157
		428,925		256,144
Creditors: amounts falling due within one year	6	(1,032,180)		(895,584)
Net current liabilities			(603,255)		(639,440)

Net assets			912,015		944,282

Capital and reserves
Allotted, called up and fully paid share capital	949,928	949,928
Profit and loss account	(37,913)	(5,646)
Equity Shareholder's funds	912,015	944,282

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 year 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 statement of comprehensive income 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 on
29 September 2023.

P. E. Dias

Director

The notes on pages 3 to 6 form part of these financial statements.

Page 1

TM TRADING ROOFTOP SOLAR 1 LIMITED

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 DECEMBER 2022

	Called up share capital	Profit and loss account	Total equity
	£	£	£
Comprehensive income for the period
Loss for the period	-	(5,646)	(5,646)
Contributions by and distributions to owners
Shares issued during the period	949,928	-	949,928

At 1 January 2022	949,928	(5,646)	944,282
Comprehensive income for the year
Loss for the year	-	(32,267)	(32,267)
At 31 December 2022	949,928	(37,913)	912,015

The notes on pages 3 to 6 form part of these financial statements.

Page 2

TM TRADING ROOFTOP SOLAR 1 LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

1.	General Information

TM Trading Rooftop Solar 1 Limited (company number: 13333058), having its registered office at 6th Floor 33 Holborn, London, England, EC1N 2HT, is a private limited company incorporated in England and Wales.

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

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of turnover can be measured reliably;

∙it is probable that the Company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of turnover can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

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.

Page 3

TM TRADING ROOFTOP SOLAR 1 LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery

25 years from the date the asset begins generating electricity

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.5

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.

2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

2.7

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.

2.8

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.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

Page 4

TM TRADING ROOFTOP SOLAR 1 LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

Employees

The average monthly number of employees, including directors, during the year was 3 (2021 - 3).

4.	Tangible fixed assets

		Plant and machinery
		£
	Cost or valuation
	At 1 January 2022	1,596,294
	At 31 December 2022	1,596,294
	Depreciation
	At 1 January 2022	12,572
	Charge for the year on owned assets	68,452
	At 31 December 2022	81,024
	Net book value
	At 31 December 2022	1,515,270
	At 31 December 2021	1,583,722

Debtors

					2022	2021
					£	£


Trade debtors	15,876	6,618
Amounts owed by group undertakings	200	-
Other debtors	29,968	108,369
Prepayments	5,382	-
	51,426	114,987

Page 5

TM TRADING ROOFTOP SOLAR 1 LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

6.	Creditors: Amounts falling due within one year
		2022	2021
		£	£

Trade creditors	9,760	1,272
Amounts owed to group undertakings	888,258	888,258
VAT control account	2,080	-
Accruals and deferred income	132,082	6,054
	1,032,180	895,584

7.	Related Party Transactions
	The Company has taken advantage of the exemption in FRS 102 Section 33 from disclosing transactions with members of the same group that are wholly owned.

Page 6