Recharge Energy Limited - Accounts to registrar - small 17.2
Recharge Energy Limited - Accounts to registrar - small 17.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED |
| 31 JANUARY 2017 |
| FOR |
| RECHARGE ENERGY LIMITED |
| RECHARGE ENERGY LIMITED (REGISTERED NUMBER: 08372269) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 JANUARY 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| RECHARGE ENERGY LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 JANUARY 2017 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 359 Yardley Road |
| Yardley |
| Birmingham |
| West Midlands |
| B25 8NB |
| RECHARGE ENERGY LIMITED (REGISTERED NUMBER: 08372269) |
| BALANCE SHEET |
| 31 JANUARY 2017 |
| 31.1.17 | 31.1.16 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Investment property | 3 |
| CURRENT ASSETS |
| Debtors | 4 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 5 |
| NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 6 |
| Retained earnings | 7 | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors on its behalf by: |
| RECHARGE ENERGY LIMITED (REGISTERED NUMBER: 08372269) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 JANUARY 2017 |
| 1. | STATUTORY INFORMATION |
| Recharge Energy Limited is a |
| The company's registered number and registered office address can be found on the Company |
| Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Investment property |
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from |
| changes in fair value is recognised in profit or loss. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, |
| except to the extent that it relates to items recognised in other comprehensive income or directly in |
| equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been |
| enacted or substantively enacted by the balance sheet date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
| the balance sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods |
| different from those in which they are recognised in financial statements. Deferred tax is measured |
| using tax rates and laws that have been enacted or substantively enacted by the year end and that are |
| expected to apply to the reversal of the timing difference. |
| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is |
| probable that they will be recovered against the reversal of deferred tax liabilities or other future |
| taxable profits. |
| Going concern |
| While the company has net current liabilities, the directors are confident in its ability to operate for the |
| twelve month period from the signing of this report. The liabilities of the company are solely related to |
| loans from both directors and shareholders, which were used to purchase the investment property |
| during July 2016, whilst rental income has only been received since September 2016. Although all the |
| loans are repayable within one year or on demand, there is no intention for any of the loans to be |
| repaid until there are sufficient funds to do so. |
| It is therefore correct that the financial statements are prepared on a going concern basis. |
| RECHARGE ENERGY LIMITED (REGISTERED NUMBER: 08372269) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 JANUARY 2017 |
| 3. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| Additions |
| At 31 January 2017 |
| NET BOOK VALUE |
| At 31 January 2017 |
| During the year, 1 property was purchased at market value and the directors are of the opinion that |
| the fair value of investment property included in the accounts is an accurate reflection of its current |
| market value as at 31 January 2017. The property was professionally inspected and valued as part of |
| the completion process. |
| 4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.1.17 | 31.1.16 |
| £ | £ |
| Prepayments |
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.1.17 | 31.1.16 |
| £ | £ |
| Other loans |
| Directors' current accounts | 91,583 | 29,879 |
| Accrued expenses |
| 6. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.1.17 | 31.1.16 |
| value: | £ | £ |
| Ordinary | £1 | 100 | 100 |
| 7. | RESERVES |
| Retained |
| earnings |
| £ |
| Deficit for the year | ( |
) |
| At 31 January 2017 | ( |
) |
| 8. | ULTIMATE CONTROLLING PARTY |
| The company is under the joint control of all three directors. |