A Shade Greener (F16) LLP - Accounts to registrar (filleted) - small 23.2.5
A Shade Greener (F16) LLP - Accounts to registrar (filleted) - small 23.2.5
REGISTERED NUMBER: |
FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023 |
FOR |
A SHADE GREENER (F16) LLP |
A SHADE GREENER (F16) LLP (REGISTERED NUMBER: OC396823) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the Year Ended 30 September 2023 |
Page |
General Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
A SHADE GREENER (F16) LLP |
GENERAL INFORMATION |
for the Year Ended 30 September 2023 |
DESIGNATED MEMBERS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
SENIOR STATUTORY AUDITOR: |
AUDITORS: |
Chartered Accountants & Statutory Auditors |
2 Westbrook Court |
Sharrow Vale Road |
Sheffield |
S11 8YZ |
A SHADE GREENER (F16) LLP (REGISTERED NUMBER: OC396823) |
BALANCE SHEET |
30 September 2023 |
30.9.23 | 30.9.22 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
and |
NET ASSETS ATTRIBUTABLE TO MEMBERS | 22,868,532 | 16,256,036 |
LOANS AND OTHER DEBTS DUE TO MEMBERS |
8 |
20,622,506 |
14,010,010 |
MEMBERS' OTHER INTERESTS |
Capital accounts | 2,246,026 | 2,246,026 |
22,868,532 | 16,256,036 |
TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 8 | 20,622,506 | 14,010,010 |
Members' other interests | 2,246,026 | 2,246,026 |
22,868,532 | 16,256,036 |
In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered. |
The financial statements were approved by the members of the LLP and authorised for issue on |
A SHADE GREENER (F16) LLP (REGISTERED NUMBER: OC396823) |
NOTES TO THE FINANCIAL STATEMENTS |
for the Year Ended 30 September 2023 |
1. | STATUTORY INFORMATION |
A Shade Greener (F16) LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements are prepared in sterling, which is the functional currency of the entity. |
Judgements and key sources of estimation uncertainty |
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. |
In the opinion of management, there are no judgement or key sources of estimation uncertainty that have a significant impact on the financial statement. |
Revenue recognition |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Turnover represents net invoiced sales of electricity excluding value added tax. Income is recognised on the date the electricity is generated. |
Tangible fixed assets |
Equipment is carried at a revalued amount, being its fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. |
Revaluations are made with sufficient regularity to ensure that the carrying amount does not materially differ from that which would be determined using fair value at the end of the reporting period. The last revaluation was performed on an open market basis as at 30 September 2023. |
Due to the specialised nature of the fixed assets, the fair value is estimated using an income based approach. |
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
Equipment - Straight line over 18 to 19 years |
Financial instruments |
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the group after deducting all of its liabilities. |
Basic financial assets, including trade and other receivables and cash and bank balances, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at the market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method. |
A SHADE GREENER (F16) LLP (REGISTERED NUMBER: OC396823) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 30 September 2023 |
2. | ACCOUNTING POLICIES - continued |
Members' participation rights |
Members' participation rights are the rights of a member that arise under the members' agreement. |
Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with section 22 of FRS 102. A member's participation rights including amounts subscribed or otherwise contributed by members. Member's capital is classified as liabilities unless the LLP has an unconditional right to refuse payments to members, in which case it is classified as equity. |
Once an unavoidable obligation has been created in favour of members through allocation of profits or other means, any undrawn profits remaining at the reporting date are shown as 'Loans and other amounts due to members' to the extent that they exceed debts due from a specific member. All amounts due to members that are classified as liabilities are presented within 'Loans and other debts due to members'. Amounts recoverable from members are presented as debtors and shown as amounts due from members within members' interests. |
Amounts due to members in respect of profits rank pari passu with other unsecured creditors. |
3. | EMPLOYEE INFORMATION |
The average number of employees during the year was NIL (2022 - NIL). |
4. | TANGIBLE FIXED ASSETS |
Equipment |
£ |
COST OR VALUATION |
At 1 October 2022 |
and 30 September 2023 |
DEPRECIATION |
At 1 October 2022 |
Charge for year |
Revaluation adjustments | ( |
) |
At 30 September 2023 |
NET BOOK VALUE |
At 30 September 2023 |
At 30 September 2022 |
Cost or valuation at 30 September 2023 is represented by: |
Equipment |
£ |
Valuation in 2023 | 9,513,312 |
Cost | 21,986,688 |
31,500,000 |
A SHADE GREENER (F16) LLP (REGISTERED NUMBER: OC396823) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 30 September 2023 |
4. | TANGIBLE FIXED ASSETS - continued |
If equipment had not been revalued it would have been included at the following historical cost: |
30.9.23 | 30.9.22 |
£ | £ |
Cost | 21,986,688 | 21,986,688 |
Aggregate depreciation | 8,641,388 | 7,542,054 |
Equipment was valued on an open market basis on 30 September 2023 by MBO Partner 1 Limited . |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.9.23 | 30.9.22 |
£ | £ |
Trade debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.9.23 | 30.9.22 |
£ | £ |
Taxation and social security | 36,297 | 30,463 |
Other creditors | 87,345 | 77,519 |
Group company loan | 5,706,025 | 8,427,202 |
5,829,667 | 8,535,184 |
7. | SECURED DEBTS |
The following secured debts are included within creditors: |
30.9.23 | 30.9.22 |
£ | £ |
Loans secured on the equipment | 5,706,025 | 8,427,202 |
8. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
Loans and other debts due to members' (other than members' capital classified as debt) would rank pari passu with ordinary creditors in the event of a winding up. |
9. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditor, dated 21 December 2023, was unqualified. |
Andrew Throssell FCA (Senior Statutory Auditor) |
For and on behalf of Hebblethwaites |
A SHADE GREENER (F16) LLP (REGISTERED NUMBER: OC396823) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 30 September 2023 |
10. | ULTIMATE CONTROLLING PARTY |
The controlling party is A Shade Greener Debt (3) LLP. The address of the registered office is Sterling House, Maple Court, Maple Road, Tankersley, S75 3DP |
The ultimate controlling party is MBO Partner 1 Limited. |
11. | BORROWINGS |
The loan within the current liabilities is repayable on demand. However, the provisions of an intercreditor deed stipulate that the lender and borrower agree that the loan will only be repaid on demand if sufficient funds are available within the partnership to do so. |