Company Registration No. 09476245 (England and Wales)
GFLE Great Hele Limited
Unaudited accounts
for the year ended 31 March 2017
GFLE Great Hele Limited
Unaudited accounts
Contents
GFLE Great Hele Limited
Company Information
for the year ended 31 March 2017
Company Number
09476245 (England and Wales)
Registered Office
Cleave Farm
Templeton
Tiverton
Devon
EX16 8BP
United Kingdom
Accountants
EllamWalker Ltd
Sydeham Farm
Rackenford
Tiverton
Devon
EX16 8ER
GFLE Great Hele Limited
Statement of financial position
as at 31 March 2017
Creditors: amounts falling due within one year
(50,001)
(50,001)
Net current liabilities
(50,000)
(50,000)
Total assets less current liabilities
1
1
Creditors: amounts falling due after more than one year
(1,200)
(600)
Net liabilities
(1,199)
(599)
Called up share capital
1
1
Profit and loss account
(1,200)
(600)
Shareholders' funds
(1,199)
(599)
For the year ending 31 March 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 24 April 2018.
WK Reed
Director
Company Registration No. 09476245
GFLE Great Hele Limited
Notes to the Accounts
for the year ended 31 March 2017
GFLE Great Hele Limited is a private company, limited by shares, registered in England and Wales, registration number 09476245. The registered office is Cleave Farm, Templeton, Tiverton, Devon, EX16 8BP, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 March 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 6 March 2015
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Investments in shares are included at cost less any accumulated impairment losses.
4
Investments
Other investments
Valuation at 1 April 2016
50,001
Valuation at 31 March 2017
50,001
Joint Venture - Condate Biogas Ltd
Nature of Business: Production of electricity
100% Holding of ordinary A share capital, 0% holding of ordinary B share capital
Aggregate capital and reserves - 2017 - £1,836,228 (2016 - £3,657,234)
Loss for the year - 2017 £1,821,006 (2016 - £1,199,627)
Amounts due from group undertakings etc.
1
1
6
Creditors: amounts falling due within one year
2017
2016
Amounts owed to group undertakings and other participating interests
50,001
50,001
7
Creditors: amounts falling due after more than one year
2017
2016
GFLE Great Hele Limited
Notes to the Accounts
for the year ended 31 March 2017
8
Transactions with related parties
In debtors, the amount due of £1 (2016 - £1) is from GFLE Topco 8 Ltd which is the parent company of GFLE Great Hele Ltd.
In creditors, the amount due of £50,001 (2016 - £50,001) is to Condate Biogas Ltd which is a joint venture where GFLE Great Hele Ltd owns 100% of the ordinary A shares and 0% of the ordinary B shares.
W Reed ceased to be a director of Condate Biogas Ltd on 20 November 2017.
The ultimate parent company is GFLE Topco 8 Ltd.
The ultimate controlling party is WK Reed.
10
Post balance sheet events
An associated company, Greener for Life Energy Ltd, owned by the controlling party went into voluntary liquidation on the 29 August 2017. This happened after the accounting year to which these accounts relate but before these accounts were drawn up. At the time of writing, the directors are taking advice on the effect which that event has had, may have or will have on this company and the group to which it belongs.
11
Average number of employees
During the year the average number of employees was 0 (2016: 0).
