Abbreviated Company Accounts - TITANIA SOLAR 06 LTD.

TITANIA SOLAR 06 LTD. - Company Information

07697770 TITANIA SOLAR 06 LTD. 2015-03-31 false 2014-04-01 2015-03-31 true 07697770 2014-04-01 2015-03-31 07697770 2015-03-31 07697770 2014-03-31 07697770 uk-gaap-cd-bus:Director1 2014-04-01 2015-03-31 07697770 uk-gaap-cd-bus:Director2 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass2 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass2 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass2 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass3 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass3 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass3 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass4 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass4 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass4 2014-03-31 iso4217:GBP shares

Registered Number 07697770

TITANIA SOLAR 06 LTD.

Abbreviated Accounts

31 March 2015

TITANIA SOLAR 06 LTD. Registered Number 07697770

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Current assets
Debtors	2	1,280,162	1,007,576
Cash at bank and in hand		-	940,764
		1,280,162	1,948,340
Creditors: amounts falling due within one year		(52,677)	(93,095)
Net current assets (liabilities)		1,227,485	1,855,245
Total assets less current liabilities		1,227,485	1,855,245
Creditors: amounts falling due after more than one year		(971,412)	(1,576,338)
Total net assets (liabilities)		256,073	278,907
Capital and reserves
Called up share capital	3	300,032	300,032
Profit and loss account		(43,959)	(21,125)
Shareholders' funds		256,073	278,907

For the year ending 31 March 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 29 January 2016

And signed on their behalf by:
A C Klaren, Director

TITANIA SOLAR 06 LTD. Registered Number 07697770

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

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Other accounting policies
Deferred tax
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on a un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

Hire purchase and leasing commitments
Assets held under finance leases and hire purchases contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as an asset.

The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to expense on a straight line basis over the lease term.

Going concern
The company has a loss for the period and net liabilities. Notwithstanding this, having considered the cash flows which will be generated over the life of the company's Solar Park the directors have concluded that it is appropriate for the accounts to be prepared on a going concern basis.

2Debtors

	2015 £	2014 £
Debtors include the following amounts due after more than one year	1,155,145	963,274

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

	2015 £	2014 £
100,000 Ordinary shares of £1 each	100,000	100,000
200,000 Ordinary shares of £1 each	200,000	200,000
300,000 Ordinary shares of £0.0001 each	30	30
12,245 Ordinary shares of £0.0001 each	1	1