Seneca Global Energy Limited Filleted accounts for Companies House (small and micro)
Seneca Global Energy Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
07897445
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Balance Sheet |
2019 |
2018 |
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Note |
£ |
£ |
£ |
Fixed assets
Intangible assets |
5 |
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Tangible assets |
6 |
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Investments |
7 |
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Current assets
Debtors |
8 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
9 |
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Net current assets |
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Total assets less current liabilities |
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Provisions
Taxation including deferred tax |
10 |
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Net assets |
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Capital and reserves
Called up share capital |
13 |
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Profit and loss account |
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Shareholders funds |
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In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
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Balance Sheet (continued) |
These financial statements were approved by the
board of directors
and authorised for issue on
20 March 2020
, and are signed on behalf of the board by:
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Director |
Company registration number:
07897445
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Notes to the Financial Statements |
Year ended 30 June 2019
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Maritime House, Harbour Walk, Hartlepool, Cleveland, TS24 0UX.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Judgements and key sources of estimation uncertainty
Revenue recognition
Income tax
Intangible assets
Wind turbine site development costs are recognised at cost.
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery |
- |
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Fixtures, fittings an equipment |
- |
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Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment of fixed assets
Provisions
Defined contribution plans
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
6
(2018:
6
).
5.
Intangible assets
Development costs |
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£ |
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Cost |
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At 1 July 2018 and 30 June 2019 |
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--------- |
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Amortisation |
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At 1 July 2018 and 30 June 2019 |
– |
--------- |
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Carrying amount |
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At 30 June 2019 |
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--------- |
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At 30 June 2018 |
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Development costs for wind turbine sites are recognised at cost. Amortisation will commence upon the start of commercial application of the wind turbine sites.
6.
Tangible assets
Land and buildings |
Plant and machinery |
Equipment |
Total |
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£ |
£ |
£ |
£ |
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Cost |
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At 1 July 2018 and 30 June 2019 |
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Depreciation |
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At 1 July 2018 |
– |
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Charge for the year |
– |
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--------- |
--------- |
------- |
------------ |
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At 30 June 2019 |
– |
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Carrying amount |
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At 30 June 2019 |
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– |
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------- |
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At 30 June 2018 |
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Freehold land is not depreciated.
7.
Investments
Shares in group undertakings |
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£ |
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Cost |
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At 1 July 2018 and 30 June 2019 |
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Impairment |
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At 1 July 2018 and 30 June 2019 |
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------------ |
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Carrying amount |
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At 30 June 2019 |
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------------ |
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At 30 June 2018 |
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8.
Debtors
2019 |
2018 |
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£ |
£ |
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Trade debtors |
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Amounts owed by group undertakings and undertakings in which the company has a participating interest |
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Other debtors |
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9.
Creditors:
amounts falling due within one year
2019 |
2018 |
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£ |
£ |
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Trade creditors |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
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Social security and other taxes |
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Pension |
729 |
458
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Other creditors |
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10.
Provisions
Deferred tax (note 11) |
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£ |
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At 1 July 2018 |
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movement in the year |
(
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------- |
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At 30 June 2019 |
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------- |
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11.
Deferred tax
The deferred tax included in the balance sheet is as follows:
2019 |
2018 |
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£ |
£ |
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Included in provisions (note 10) |
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---- |
------- |
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The deferred tax account consists of the tax effect of timing differences in respect of:
2019 |
2018 |
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£ |
£ |
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Accelerated capital allowances |
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------- |
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12.
Financial instruments at fair value
The company has not used any non-basic financial instruments in the year.
13.
Called up share capital
Issued, called up and fully paid
2019 |
2018 |
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No. |
£ |
No. |
£ |
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2 |
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2 |
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14.
Directors' advances, credits and guarantees
There were no directors advances, credits or guarantees in the year.
15.
Related party transactions
Transactions with related parties are undertaken under normal commercial terms.