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

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

REDPATH ENERGY LIMITED - Company Information

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REGISTERED NUMBER: 08549056 (England and Wales)












FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2017

FOR

REDPATH ENERGY LIMITED
REDPATH ENERGY LIMITED (REGISTERED NUMBER: 08549056)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


REDPATH ENERGY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2017







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
Page 1
REDPATH ENERGY LIMITED (REGISTERED NUMBER: 08549056)

BALANCE SHEET
31 JULY 2017

2017 2016
Notes £    £   
CURRENT ASSETS
Stocks - 90,000
Debtors 3 33,516 2,029
Cash at bank 2,597 24,468
36,113 116,497
CREDITORS
Amounts falling due within one year 4 69,965 114,383
NET CURRENT (LIABILITIES)/ASSETS (33,852 ) 2,114
TOTAL ASSETS LESS CURRENT
LIABILITIES
(33,852
)
2,114

CREDITORS
Amounts falling due after more than one
year
5
-
164,450
NET LIABILITIES (33,852 ) (162,336 )

CAPITAL AND RESERVES
Called up share capital 6 1,000 1,000
Retained earnings (34,852 ) (163,336 )
SHAREHOLDERS' FUNDS (33,852 ) (162,336 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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


The notes form part of these financial statements

Page 2
REDPATH ENERGY LIMITED (REGISTERED NUMBER: 08549056)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2017

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.

First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A
These financial statements for the year ended 31 July 2017 are the first that are prepared in accordance with FRS
102 Section 1A. The previous financial statements were prepared in accordance with UK GAAP, the date of
transition to FRS 102 Section 1A is 1 August 2015.

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 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.

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 at their realisable value, and liabilities are
stated at their settlement value, categorised by their legally enforceable due dates of payment.

Page 3 continued...
REDPATH ENERGY LIMITED (REGISTERED NUMBER: 08549056)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2017

3. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Amounts recoverable on contract 33,499 -
Other debtors 17 2,029
33,516 2,029

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade creditors - 3,383
Other creditors 69,965 111,000
69,965 114,383

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2017 2016
£    £   
Other creditors - 164,450

6. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2017 2016
value: £    £   
10,000 Ordinary £0.10 1,000 1,000

7. RELATED PARTY DISCLOSURES

During the year 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 6,200
A Ekins 6,200
P Gordon 12,400
B Steventon 12,400
D Steventon 6,200
S Steventon 12,400
F Rodriguez 12,400
£ 68,200

During the year, Stillwind Limited, a company of which D J Still, director and shareholder, is also a director and
shareholder, made payments on behalf of the company totalling £85 (2016: £6,369) which were reimbursed at
cost.

Page 4 continued...
REDPATH ENERGY LIMITED (REGISTERED NUMBER: 08549056)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2017

8. FIRST YEAR ADOPTION

These financial statements for the year ended 31 July 2017 are the first financial statements that comply with
Financial Reporting Standard 102 "FRS102". The date of transition is 1 August 2015.

The transition to FRS102 has resulted in no changes in the reconciliation of income and expenditure or the
reconciliation of equity. There has also been no changes in accounting policies to those used previously.

Page 5