DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2017
The directors present their report and the financial statements for the year ended 31 December 2017.
The directors who served during the year were:
Alper Elmas (resigned 1 July 2017)
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Piers Basil Guy (resigned 30 September 2017)
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Catrin Jung- Draschil (appointed 1 July 2017)
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Jonas Van Mansfeld (appointed 1 July 2017)
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Michael Simmelsgaard (appointed 1 July 2017)
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In preparing this report, the directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.
This report was approved by the board and signed on its behalf.
Jonas Van Mansfeld
Director
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Page 1
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NORFOLK BOREAS LIMITED
REGISTERED NUMBER:03722058
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BALANCE SHEET
AS AT 31 DECEMBER 2017
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Trade and other receivables
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Total assets less current liabilities
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For the year ended 31 December 2017 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.
Members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The financial statements have been prepared 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 financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on page 3 form part of these financial statements.
Page 2
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2017
1.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland and the Companies Act 2006.
As the Company is dormant, it has elected to retain its accounting policies under previous UK GAAP until such a time as it undertakes any new transactions.
Profit and loss
The Company has not traded during the year and has made neither profit nor loss.
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Amounts owed by group undertakings
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Allotted, called up and fully paid
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12,000,400 (2016 - 400) Ordinary shares of £0.25 each
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On 1 December 2017 the Company issued 12,000,000 Ordinary shares at par value.
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Ultimate parent undertaking and controlling party
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The Company is a subsidiary of Vattenfall Wind Power Ltd, a company registered in England and Wales. The Directors regard Vattenfall AB, a company registered in S-162 87 Stockholm, Sweden as the Company's controlling party and ultimate parent undertaking.
Vattenfall AB is the parent undertaking of the largest group of undertakings to consolidate these financial statements at 31 December 2017. The results of the Company are included in the consolidated financial statements of Vattenfall AB which are available from the Vattenfall website, http://corporate.vattenfall.com.
Page 3
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