DC21 Earth SPV Limited Filleted accounts for Companies House (small and micro)
DC21 Earth SPV Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
08504151
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FINANCIAL STATEMENTS |
YEAR ENDED 31 DECEMBER 2019
Contents |
Pages |
Balance sheet
1 to 2
Notes to the financial statements
3 to 6
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BALANCE SHEET |
2019 |
2018 |
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Note |
£ |
£ |
Fixed assets
Tangible assets |
5 |
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Current assets
Debtors |
6 |
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Cash at bank and in hand |
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– |
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Creditors: amounts falling due within one year |
7 |
(
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(
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Net current assets/(liabilities) |
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(
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
8 |
(
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(
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Provisions |
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Net liabilities |
(
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(
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Capital and reserves
Called up share capital |
10 |
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Share premium account |
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Profit and loss account |
(
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(
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Shareholders deficit |
(
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(
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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
1 April 2020
, and are signed on behalf of the board by:
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Director |
Company registration number:
08504151
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NOTES TO THE FINANCIAL STATEMENTS |
YEAR ENDED 31 DECEMBER 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 Guild Chambers, Winckley Square, Preston, Lancashire, PR1 3JJ.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Revenue recognition
Taxation
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:
Wind Turbines |
- |
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Financial instruments
4.
Tax on loss
Major components of tax income
2019 |
2018 |
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£ |
£ |
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Deferred tax:
Origination and reversal of timing differences |
– |
(
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Tax on loss |
– |
(
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5.
Tangible assets
Wind Turbines |
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£ |
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Cost |
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At 1 January 2019 and 31 December 2019 |
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Depreciation |
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At 1 January 2019 |
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Charge for the year |
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------------ |
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At 31 December 2019 |
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Carrying amount |
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At 31 December 2019 |
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------------ |
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At 31 December 2018 |
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6.
Debtors
2019 |
2018 |
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£ |
£ |
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Trade debtors |
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Prepayments and accrued income |
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Other debtors |
– |
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7.
Creditors:
amounts falling due within one year
2019 |
2018 |
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£ |
£ |
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Bank loans and overdrafts |
– |
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Trade creditors |
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Amounts owed to group undertakings |
– |
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Accruals and deferred income |
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Social security and other taxes |
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– |
Other creditors |
– |
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8.
Creditors:
amounts falling due after more than one year
2019 |
2018 |
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£ |
£ |
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Amounts owed to parent undertaking |
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9.
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 |
(
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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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Unused tax losses |
(
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(
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(56,000) |
(56,000) |
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10.
Called up share capital
Issued, called up and fully paid
2019 |
2018 |
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No. |
£ |
No. |
£ |
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600.00 |
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600.00 |
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400.00 |
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400.00 |
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The two classes of share rank pari passu in all material respects.
11.
Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
2019 |
2018 |
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£ |
£ |
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Later than 5 years |
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12.
Related party transactions
13.
Ultimate controlling party
The company's immediate parent company is Arena Capital Partners Limited (a company registered in the United Kingdom).
The ultimate controlling party is Arena Capital Partners Limited (a company registered in Ireland) by virtue of its shareholding.
14.
Going concern
The parent company has confirmed that it will procure adequate working capital facilities to enable the company to continue trading for at least the next twelve months from the date of approval of these financial statements. Consequently the accounts have been prepared on a going concern basis.