Bioenergon Green Energy Ltd - Accounts to registrar

REGISTERED NUMBER: 07174519 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2017

for

Bioenergon Green Energy Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

E H Schmitz

REGISTERED OFFICE:

Birchin Court

20 Birchin Lane

London

EC3V 9DJ

REGISTERED NUMBER:

07174519 (England and Wales)

ACCOUNTANTS:

Adbell International Limited

Birchin Court

20 Birchin Lane

London

EC3V 9DJ

FIXED ASSETS

Tangible assets

4

2,248

3,090

Investments

5

30,000

32,248

33,090

CURRENT ASSETS

Debtors

6

135,243

134,594

Cash at bank

860

136,103

135,454

CREDITORS

Amounts falling due within one year

7

(252,697

)

(251,210

)

NET CURRENT LIABILITIES

(116,594

)

(115,756

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(84,346

)

(82,666

)

CAPITAL AND RESERVES

Called up share capital

8

1,107

Retained earnings

9

(85,453

)

(83,773

)

SHAREHOLDERS' FUNDS

(84,346

)

(82,666

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 29 December 2017 and were signed by:

E H Schmitz - Director

1.	STATUTORY INFORMATION

Bioenergon Green Energy Ltd is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Euro (€).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements

The financial statements contain information about Bioenergon Green Energy Ltd as an individual company and

do not contain consolidated financial information as the parent of a group. The company has taken the option

under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

The company and its subsidiary undertakings form part of a small-sized group.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant & machinery 15%

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into Euro at the rates of exchange ruling at the balance

sheet date. Transactions in foreign currencies are translated into Euro at the rate of exchange ruling at the date of

transaction. Exchange differences are taken into account in arriving at the operating result.

Cash and cash equivalents

Cash and cash equivalents in the balance sheet comprise cash at banks and in hand.

Going concern

The financial statements are prepared on the basis of the going concern, which assumes that the company will be

in operational existence for the foreseeable future. This depends upon continued support of the shareholders. The

financial statements do not include any adjustments that would result if such support is withdrawn.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12

'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company

becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset , with the net amounts presented in the financial statements , when there

is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or

to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables and cash and bank balances, are initially

measured at transaction price including transaction costs and are subsequently carried at amortised cost using the

effective interest method unless the arrangement constitutes a financing transaction, where the transaction is

measured at the present value of the future receipts discounted at a market rate of interest.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual

arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of

the company after deducting all of its liabilities.

Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies

and preference shares that are classified as debt, are initially recognised at transaction price unless the

arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the

future receipts discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of

business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or

less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction

price and subsequently measured at amortised cost using the effective interest method.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

€

COST

At 1 April 2016

and 31 March 2017

5,619

DEPRECIATION

At 1 April 2016

2,529

Charge for year

842

At 31 March 2017

3,371

NET BOOK VALUE

At 31 March 2017

2,248

At 31 March 2016

3,090

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

€

COST

At 1 April 2016

and 31 March 2017

30,000

NET BOOK VALUE

At 31 March 2017

30,000

At 31 March 2016

30,000

The company's investments at the Balance Sheet date in the share capital of companies include the following:

BioEnergon GmbH

Registered office:

Nature of business:

%

Class of shares:

holding

Ordinary

100.00

No other information is available.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

€

Other debtors

112,927

VAT

22,316

21,667

135,243

134,594

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

€

Bank loans and overdrafts

13

Trade creditors

96,218

92,328

Other creditors

90,937

Accrued expenses

65,529

67,932

252,697

251,210

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.17

31.3.16

value:

€

1,000

Ordinary shares

£1

1,107

9.

RESERVES

Retained

earnings

€

At 1 April 2016

(83,773

)

Deficit for the year

(1,680

)

At 31 March 2017

(85,453

)

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Edmund Hermann Schmitz.

Bioenergon Green Energy Ltd - Accounts to registrar - small 17.2

Bioenergon Green Energy Ltd - Accounts to registrar - small 17.2