Stallcombe Eco Power Ltd - Period Ending 2015-12-31

Registration number: 9559743

Stallcombe Eco Power Ltd

Unaudited Abbreviated Accounts

for the Period from 24 April 2015 to 31 December 2015

 

Redwoods
Chartered Certified Accountants
2 Clyst Works,
Clyst Road, Topsham
Exeter
EX3 0DB

Stallcombe Eco Power Ltd
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 5

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 5) have been prepared.

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Stallcombe Eco Power Ltd
for the Period Ended 31 December 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Stallcombe Eco Power Ltd for the period ended 31 December 2015 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made solely to the Board of Directors of Stallcombe Eco Power Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Stallcombe Eco Power Ltd and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Stallcombe Eco Power Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Stallcombe Eco Power Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Stallcombe Eco Power Ltd. You consider that Stallcombe Eco Power Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of Stallcombe Eco Power Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Redwoods
Chartered Certified Accountants
2 Clyst Works,
Clyst Road, Topsham
Exeter
EX3 0DB

25 February 2016

Page 1

Stallcombe Eco Power Ltd
(Registration number: 9559743)
Abbreviated Balance Sheet at 31 December 2015

		Note			31 December 2015 £
Fixed assets
Tangible fixed assets					425,258
Current assets
Debtors					28,063
Cash at bank and in hand					119,524
					147,587
Creditors: Amounts falling due within one year					(40,606)
Net current assets					106,981
Total assets less current liabilities					532,239
Creditors: Amounts falling due after more than one year					(550,000)
Net liabilities					(17,761)
Capital and reserves
Called up share capital		4			100
Profit and loss account					(17,861)
Shareholders' deficit					(17,761)

For the year ending 31 December 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 25 February 2016 and signed on its behalf by:

.........................................
Mr P J Rackstraw
Director

The notes on pages 3 to 5 form an integral part of these financial statements.
Page 2

Stallcombe Eco Power Ltd
Notes to the Abbreviated Accounts for the Period from 24 April 2015 to 31 December 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Solar array	5% straight line

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on tax rates and law enacted at the balance sheet date.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 3

Stallcombe Eco Power Ltd
Notes to the Abbreviated Accounts for the Period from 24 April 2015 to 31 December 2015
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
Additions		428,832			428,832
At 31 December 2015		428,832			428,832
Depreciation
Charge for the period		3,574			3,574
At 31 December 2015		3,574			3,574
Net book value
At 31 December 2015		425,258			425,258

3

Creditors

Creditors includes the following liabilities, on which security has been given by the company:

		31 December 2015 £
Amounts falling due after more than one year		550,000

Included in the creditors are the following amounts due after more than five years:

		31 December 2015 £
After more than five years by instalments		550,000

Page 4

Stallcombe Eco Power Ltd
Notes to the Abbreviated Accounts for the Period from 24 April 2015 to 31 December 2015
......... continued

4	Share capital

Allotted, called up and fully paid shares

	31 December 2015
		No.			£
Ordinary of £1 each		100			100

New shares allotted

During the period 100 Ordinary having an aggregate nominal value of £100 were allotted for an aggregate consideration of £100. Subscriber.

5

Control

The company is controlled by Stallcombe House.

Page 5