Abbreviated Company Accounts - BALBOURNE RENEWABLE INVESTMENTS LIMITED
Abbreviated Company Accounts - BALBOURNE RENEWABLE INVESTMENTS LIMITED
Registered Number 07167421
BALBOURNE RENEWABLE INVESTMENTS LIMITED
Abbreviated Accounts
31 December 2015
BALBOURNE RENEWABLE INVESTMENTS LIMITED Registered Number 07167421
Abbreviated Balance Sheet as at 31 December 2015
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| Investments | 2 |
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| Creditors: amounts falling due within one year |
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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
And signed on their behalf by:
BALBOURNE RENEWABLE INVESTMENTS LIMITED Registered Number 07167421
Notes to the Abbreviated Accounts for the period ended 31 December 2015
1Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
Other accounting policies
Expenses incurred have been recognised on an accruals basis.
Taxation
Current tax, including UK corporation tax, is provided at amounts expected to be paid (or recovered) using the tax rates and laws that have been enacted or substantially enacted by the balance sheet date.
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events that result in obligation to pay more tax in the future or a right to pay less tax in the future have occurred at the balance sheet date. Timing differences are differences between the company's taxable profits and its results as stated in the financial statements that arise from the inclusion of gains and losses in tax assessments in periods different from those in which they are recognised in the financial statements.
A deferred tax asset is regarded as recoverable and therefore recognised only to the extent that, on the basis of all available evidence, it can be regarded as more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.
Deferred tax is measured at the average tax rates that are expected to apply in the periods in which the timing differences are expected to reverse based on tax rates and laws that have been enacted or substantially enacted by the balance sheet date.
2Fixed assets Investments
£
Cost or valuation
At 1 January 2015 and at 31 December 2015 6
Investments above of £6 includes an amount of £4 (2013: £4) relating to subsidiary undertakings. Balbourne Renewable Investments Limited also holds a nominal share in Balbourne Wind Fund No. 1 LP. Balbournwe Renewable Investments Limited also holds a nominal share in Balbourne Wind no.2 LP, but has no economic rights in the these partnerships.
Subsidiary undertaking Country of Class and proporation Share capital
Incorporation of shares held £
Balbourne Renewable Scotland 100% ordinary share capital 2
Investments
Scotland Limited
WilloWind Energy England and Wales 100% ordinary share capital 2
Limited
Balbourne Wind Fund England and Wales 100% but no economic rights 1
No.1 LP
Balbourne Wind no.2 LP England and Wales 100% but no economic rights 1
6