Sirius Planning Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10518189 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2019

for

Sirius Planning Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

D Mill

P E Kane

N J Davies

P J Taylor

REGISTERED OFFICE:

Russel House

Mill Road

Langley Moor

Co. Durham

DH7 8HJ

REGISTERED NUMBER:

10518189 (England and Wales)

ACCOUNTANTS:

Anderson Barrowcliff LLP

Chartered Accountants

3 Kingfisher Court

Bowesfield Park

Stockton on Tees

TS18 3EX

FIXED ASSETS

Tangible assets

4

1,198

-

CURRENT ASSETS

Debtors

5

209,722

152,885

Cash at bank

57,002

-

266,724

152,885

CREDITORS

Amounts falling due within one year

6

357,339

261,930

NET CURRENT LIABILITIES

(90,615

)

(109,045

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(89,417

)

(109,045

)

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

(89,517

)

(109,145

)

SHAREHOLDERS' FUNDS

(89,417

)

(109,045

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2019 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 applicable to companies subject to the small companies regime.

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 and authorised for issue on 3 September 2020 and were signed on its behalf by:

D Mill - Director

1.	STATUTORY INFORMATION

Sirius Planning 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 financial statements are presented in sterling which is the functional currency of the company and rounded to

the nearest £.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The company has net current liabilities of £89,417 (2018 : £109,045) but has the support of its parent company

and other companies controlled by the parent's shareholders. The directors have received confirmation that this

financial support will continue. Having assessed the ability of these companies to provide this ongoing support,

the directors have a reasonable and proper expectation that the company will continue to have adequate

resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the

going concern basis in preparing the financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

33% on cost

Taxation

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the

current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax

rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial

statements of current and previous periods. It is recognised in respect of all timing differences, with certain

exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated

in the financial statements that arise from the inclusion of income and expense in tax assessments in periods

different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the

balance sheet date that are expected to apply to the reversal of timing differences.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at

transaction price. Any losses arising from impairment are recognised in the income statement in other

administrative expenses.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2018 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

Additions

1,540

At 31 December 2019

1,540

DEPRECIATION

Charge for year

342

At 31 December 2019

342

NET BOOK VALUE

At 31 December 2019

1,198

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

184,777

122,992

Amounts owed by group undertakings

2,603

-

Other debtors

-

100

Amounts recoverable on contracts

7,618

5,036

Amounts due from related parties

-

3,456

Prepayments

14,724

21,301

209,722

152,885

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Bank loans and overdrafts

-

138,162

Trade creditors

78,436

12,193

Amounts owed to group undertakings

229,383

42,626

VAT

16,541

17,603

Amounts owed to related parties

27,853

6,418

Accrued expenses

5,126

44,928

357,339

261,930

7.	SECURED DEBTS

The following secured debts are included within creditors:

2019

2018

£

£

Bank overdraft

-

138,162

Banking facilities are secured by a debenture over the assets of the company.

The company also offers security to its bankers under cross guarantees with Sirius Engineering Group Ltd, its

subsidiaries, Sirius Renewable Energy Limited, Sirius Civil Engineering Limited, Sothis Group Limited, Sirius

Planning Ltd and Sirius Environmental Ltd. At 31 December 2019, the aggregate bank overdraft of companies

within the agreement, excluding Sirius Planning Ltd, was £162,789 (2018 : £321,623). This amount is not

provided within these financial statements.

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

£

100

Ordinary shares

1

100

100

9.	PARENT COMPANY

During the year Sirius Renewable Energy Limited owned 100% of the issued share capital of the company. On 9

March 2020, as part of a reorganization, the entire share capital of the company was sold to Sirius Energy

Limited, which subsequently changed its name to Sirius Renewable Energy Ltd. Both parents' registered offices

were the same as that of this company.