World Energy Rangers Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09563559 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 DECEMBER 2017

FOR

WORLD ENERGY RANGERS LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

R Sacchi

E A Zampariolo

REGISTERED OFFICE:

c/o Michael Filiou Plc

Salisbury House

81 High Street

Potters Bar

Hertfordshire

EN6 5AS

REGISTERED NUMBER:

09563559 (England and Wales)

ACCOUNTANTS:

Michael Filiou Plc

Chartered Certified Accountants

www.michaelfiliou.com

Salisbury House

81 High Street

Potters Bar

Hertfordshire

EN6 5AS

CURRENT ASSETS

Cash at bank and in hand

83,543

165,502

CREDITORS

Amounts falling due within one year

4

63,708

120,595

NET CURRENT ASSETS

19,835

44,907

TOTAL ASSETS LESS CURRENT LIABILITIES

19,835

44,907

CAPITAL AND RESERVES

Called up share capital

5

1,087

1,087

Retained earnings

6

18,748

43,820

SHAREHOLDERS' FUNDS

19,835

44,907

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 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 12 September 2018 and were signed on its behalf by:

E A Zampariolo - Director

R Sacchi - Director

1.	STATUTORY INFORMATION

World Energy Rangers 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 Swiss Franc (Fr).

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.

The directors are confident that the company will continue to generate profits and trade its way to a healthy

balance sheet in the near future. They have also expressed their intention to provide sufficient funds to the

company as and when needed to enable it to continue operating and to meet its liabilities as they fall due. On

these bases, the directors consider it appropriate to prepare accounts on the going concern basis. The accounts do

not include any adjustments that would result should continuing finance cease to be made available.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

statement of financial position 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 Swiss Francs at the rates of exchange ruling at the

statement of financial position date. Transactions in foreign currencies are translated into Swiss Francs at the rate

of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the

operating result.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2016 - 1 ) .

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

Fr

Fr

Trade creditors

-

79,225

Shareholders' loan

63,708

41,370

63,708

120,595

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

Fr

Fr

1,000

Ordinary

€1

1,087

1,087

6.

RESERVES

Retained

earnings

Fr

At 30 December 2016

43,820

Deficit for the year

(25,072

)

At 29 December 2017

18,748

7.	ULTIMATE CONTROLLING PARTY

There is no single ultimate controlling party.