Redpath Energy Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 08549056 (England and Wales)

FINANCIAL STATEMENTS

FOR THE PERIOD 1 AUGUST 2017 TO 31 DECEMBER 2017

FOR

REDPATH ENERGY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

D J Still

F Rodriguez

W Grainger

D E Steventon

SECRETARY:

R Still

REGISTERED OFFICE:

10 Beechcroft

Humshaugh

Hexham

NE46 4DN

REGISTERED NUMBER:

08549056 (England and Wales)

ACCOUNTANTS:

Ribchesters

Chartered Accountants

Finchale House

Belmont Business Park

Durham

DH1 1TW

CURRENT ASSETS

Debtors

3

-

33,516

Cash at bank

-

2,597

-

36,113

CREDITORS

Amounts falling due within one year

4

34,628

69,965

NET CURRENT LIABILITIES

(34,628

)

(33,852

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(34,628

)

(33,852

)

CAPITAL AND RESERVES

Called up share capital

5

1,000

1,000

Retained earnings

(35,628

)

(34,852

)

SHAREHOLDERS' FUNDS

(34,628

)

(33,852

)

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2017 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 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 Board of Directors on 15 February 2018 and were signed on its behalf by:

D J Still - Director

1.	STATUTORY INFORMATION

Redpath Energy Limited 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.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Taxation

Taxation for the period 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 period 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.

Stocks

Work in progress is valued at the lower of cost and net realisable value and includes all direct and indirect

project expenditure. Projects are considered to have a realisable value once all required permissions have been

secured.

Going concern

These financial statements have been prepared under a non-going concern basis. The company ceased to trade

on 31 December 2017. Therefore all assets are stated as current and their realisable value, and liabilities are

stated at their settlement value, categorised by their legally enforceable due dates of payment.

3.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2017

£

£

Amounts recoverable on contract

-

33,499

Other debtors

-

17

-

33,516

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2017

£

£

Other creditors

34,628

69,965

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2017

value:

£

£

10,000

Ordinary

£0.10

1,000

1,000

6.	RELATED PARTY DISCLOSURES

During the period the company has been financed by loans made from shareholders. All loans are interest-free

and carry no fixed terms for repayment and therefore are classified within "creditors: amounts falling due within

one year" in the balance sheet. The balances outstanding at the balance sheet date were as follows:-

£

H Hill

3,148

A Ekins

3,148

P Gordon

6,296

B Steventon

6,296

D Steventon

3,148

S Steventon

6,296

F Rodriguez

6,296

£34,628