Sharpness Wind Project Limited - Period Ending 2015-08-31

 
 
 
 
 
 
 
  Sharpness Wind Project Limited
 
  Unaudited Abbreviated Accounts
  Period from 13 October 2014 to 31 August 2015

 
  Company Registration Number: 09259832

Sharpness Wind Project Limited
Contents

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3 to 5

Sharpness Wind Project Limited
Abbreviated Balance Sheet
31 August 2015

		Note			31 August 2015 £
Fixed assets
Tangible fixed assets		2			619,507
Investments		2			372,453
					991,960
Current assets
Debtors					67,468
Cash at bank and in hand					13,924
					81,392
Creditors: Amounts falling due within one year					(1,102,471)
Net current liabilities					(1,021,079)
Net liabilities					(29,119)
Capital and reserves
Called up share capital		4			100
Profit and loss account					(29,219)
Shareholders' deficit					(29,119)

The notes on pages 3 to 5 form an integral part of these financial statements.
Page 1

Sharpness Wind Project Limited
Abbreviated Balance Sheet
31 August 2015 ......... continued

For the year ending 31 August 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 13 July 2016 and signed on its behalf by:

Mr J J Fabby
Director

Company Registration Number: 09259832

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

Sharpness Wind Project Limited
Notes to the Abbreviated Accounts
Period from 13 October 2014 to 31 August 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 April 2008).

Going concern

The financial statements have been prepared on a going concern basis.

The company is in the start up phase of operations and working capital will be provided by the directors as necessary to enable the company to settle liabilities arising as they fall due.

Depreciation

Depreciation is calculated so as to write down the cost of assets to their estimated residual value over their useful economic life.

Asset class	Depreciation method and rate
Assets in the course of construction	nil

Fixed asset investments

Fixed asset investments are stated at historical cost less provision for any diminution in value.

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 the tax rates and law enacted at the balance sheet date.

Page 3

Sharpness Wind Project Limited
Notes to the Abbreviated Accounts
Period from 13 October 2014 to 31 August 2015 ......... continued

2	Fixed assets

		Tangible assets £			Investments £			Total £
Cost
Additions		619,507			372,453			991,960
At 31 August 2015		619,507			372,453			991,960
Depreciation
At 31 August 2015		-			-			-
Net book value
At 31 August 2015		619,507			372,453			991,960

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking	Country of incorporation	Holding	Proportion of voting rights and shares held	Principal activity
Subsidiary undertakings
Sharpness Wind Project No 2 Limited	England & Wales	Ordinary	100.00%	Dormant

The financial period end of Sharpness Wind Project No 2 Limited is 31 March 2015. The profit for the financial period of Sharpness Wind Project No 2 Limited was £0 and the aggregate amount of capital and reserves at the end of the period was £100.

3

Creditors

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

		31 August 2015 £
Amounts falling due within one year		721,018

Page 4

Sharpness Wind Project Limited
Notes to the Abbreviated Accounts
Period from 13 October 2014 to 31 August 2015 ......... continued

4	Share capital

Allotted, called up and fully paid shares

	31 August 2015
		No.			£
Ordinary shares of £1 each		100			100

New shares allotted

During the period 100 ordinary shares having an aggregate nominal value of £100 were allotted for an aggregate consideration of £100. 50 shares were issued on incorporation and a further 50 shares were issued on 20 February 2015.

Page 5