FS Wymeswold Ltd - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 08668643 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 December 2015

for

FS Wymeswold Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Pinecroft Corporate Services Limited

G E Shaw

REGISTERED OFFICE:

The Shard

co/ Foresight Group LLP

32 London Bridge Street

London

SE1 9SG

REGISTERED NUMBER:

08668643 (England and Wales)

NON-CURRENT ASSETS

Investments

2

44,282,841

45,208,367

CURRENT ASSETS

Debtors

978

3,318,308

Cash at bank

4,908

-

5,886

3,318,308

LIABILITIES

Amounts falling due within one year

91,696

3,526,675

NET CURRENT LIABILITIES

(85,810

)

(208,367

)

TOTAL ASSETS LESS CURRENT LIABILITIES

44,197,031

45,000,000

LIABILITIES

Amounts falling due after more than one year

31,396,455

32,195,172

NET ASSETS

12,800,576

12,804,828

CAPITAL AND RESERVES

Called up share capital

3

12,805

12,805

Share premium

12,792,023

12,792,023

Profit and loss account

(4,252

)

-

SHAREHOLDERS' FUNDS

12,800,576

12,804,828

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 28 September 2016 and were signed on its behalf by:

G E Shaw - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in

accordance with the Financial Reporting Standard for Smaller Entities (effective January

2015).

Deferred tax

Full provision is made for deferred tax assets and liabilities arising from all timing

differences between recognition of gains and losses in the financial statements and

recognition in the tax computation.

A net deferred tax asset is recognised only if it can be regarded as more likely than not that

there will be suitable profits from the reversal of the underlying timing difference can be

deducted.

Deferred tax assets and liabilities are calculated at the tax rates expected to be effective at

the time of timing differences are expected to reverse.

Going concern

These accounts have been prepared on a going concern basis. The directors believe this

basis is appropriate following consideration of cash flow forecasts, which shows that the

company is able to meet its liabilities as they fall due.

Investment

Shares in the subsidiary, Wymeswold Solar Farm Limited, are held at cost.

Interest receivable

Interest receivable on the shareholder loan provided to Wymeswold Solar Farm Limited is

calculated at a flat rate of 9%.

2.	FIXED ASSET INVESTMENTS

Wymeswold Solar Farm Limited was incorporated in the UK on 26th October 2012 and FS

Wymeswold Ltd owns 100% of the ordinary shares in Wymeswold Solar Farm Limited.

Wymeswold Solar Farm Limited made a loss of £542,623.91 in the period ending 31st

December 2015.

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.15

31.12.14

value:

£

£

12,804,829

Ordinary

0.001

12,805

12,805

4.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Foresight Solar Fund Limited, incorporated in Jersey.