Company No: 09559743 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	Mr T A Gifford
	Mr I J Murray
	Mr P J Rackstraw

REGISTERED OFFICE	Stallcombe House Sanctuary Lane
	Woodbury
	Exeter
	EX5 1EX
	England
	United Kingdom

COMPANY NUMBER

09559743 (England and Wales)

CHARTERED ACCOUNTANTS	Francis Clark LLP
	Sigma House
	Oak View Close
	Edginswell Park
	Torquay
	TQ2 7FF

	Note	30.06.2023		31.12.2021
		£		£
Fixed assets
Tangible assets	3	264,443		296,606
		264,443		296,606
Current assets
Debtors	4	3,830		16,751
Cash at bank and in hand		19,487		40,366
		23,317		57,117
Creditors: amounts falling due within one year	5	( 7,131)		( 33,072)
Net current assets		16,186		24,045
Total assets less current liabilities		280,629		320,651
Creditors: amounts falling due after more than one year	6	( 286,018)		( 352,635)
Net liabilities		( 5,389)		( 31,984)
Capital and reserves
Called-up share capital	7	100		100
Profit and loss account		( 5,489 )		( 32,084 )
Total shareholder's deficit		( 5,389)		( 31,984)

For the financial period ending 30 June 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial period in accordance with section 476;
• 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Stallcombe Eco Power Ltd (registered number: 09559743) were approved and authorised for issue by the Board of Directors on 05 December 2023. They were signed on its behalf by:

Mr T A Gifford Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Stallcombe Eco Power is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales.

The address of the Company's registered office is:-
Stallcombe House Farm
Sanctuary Lane
Woodbury
Exeter
Devon
EX5 1EX

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors note that the business has net liabilities of £5,389. Given the current position, the directors believe that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:-
The amount of revenue can be reliably measured;
it is probable the future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible fixed assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The costs of tangible assets include directly attributable incremental costs incurred in their acquisition and installation.

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Plant and machinery

20 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Borrowing costs

The loan from its parent company Stallcombe House was initially recognised at the undiscounted amount of the cash received and subsequently its carrying amount is adjusted to reflect any accrued interest payable.

Leases

The Company as lessee
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to the profit or loss on a straight-line basis over the period of the lease.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

	Period from 01.01.2022 to 30.06.2023		Year ended 31.12.2021
	Number		Number
Monthly average number of persons employed by the Company during the period, including directors	0		0

3. Tangible assets

	Plant and machinery		Total
	£		£
Cost
At 01 January 2022	428,832		428,832
At 30 June 2023	428,832		428,832
Accumulated depreciation
At 01 January 2022	132,226		132,226
Charge for the financial period	32,163		32,163
At 30 June 2023	164,389		164,389
Net book value
At 30 June 2023	264,443		264,443
At 31 December 2021	296,606		296,606

4. Debtors

	30.06.2023		31.12.2021
	£		£
Prepayments	1,343		2,088
VAT recoverable	980		218
Other debtors	1,507		14,445
	3,830		16,751

5. Creditors: amounts falling due within one year

	30.06.2023		31.12.2021
	£		£
Trade creditors	2,824		5,195
Other loans	0		26,176
Accruals	4,307		1,701
	7,131		33,072

6. Creditors: amounts falling due after more than one year

	30.06.2023		31.12.2021
	£		£
Other loans	286,018		352,635

There are no amounts included above in respect of which any security has been given by the small entity.

7. Called-up share capital

	30.06.2023		31.12.2021
	£		£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each	100		100

8. Related party transactions

Transactions with owners holding a participating interest in the entity

	30.06.2023		31.12.2021
	£		£
At the end of the financial period, a balance of £286,018 was due to Stallcombe House. Interest has been charged by Stallcombe House on the loan during the period.	286,018		378,811

9. Ultimate controlling party

Parent Company:

Stallcombe House

Stallcombe House Farm, Sanctuary Lane, Woodbury, Salterton, Devon, EX5 1EX