Foresight Iberian Solar Development Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11323323 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2020

for

Foresight Iberian Solar Development

Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G Fraser

D M Hughes

REGISTERED OFFICE:

C/o Foresight Group Llp The Shard

32 London Bridge Street

London

SE1 9SG

REGISTERED NUMBER:

11323323 (England and Wales)

FIXED ASSETS

Investments

4

262,236

262,236

CURRENT ASSETS

Debtors

5

-

123,780

CREDITORS

Amounts falling due within one year

6

(421,245

)

(421,245

)

NET CURRENT LIABILITIES

(421,245

)

(297,465

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(159,009

)

(35,229

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(159,109

)

(35,329

)

(159,009

)

(35,229

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 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 17 March 2021 and were signed on its behalf by:

G Fraser - Director

1.	STATUTORY INFORMATION

Foresight Iberian Solar Development Limited 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 Pound Sterling (£).

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.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2019 - NIL).

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakin

£

COST

At 1 April 2019

and 31 March 2020

262,236

NET BOOK VALUE

At 31 March 2020

262,236

At 31 March 2019

262,236

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Other debtors

-

123,780

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Amounts owed to group undertakings

421,245

421,245

7.	ULTIMATE CONTROLLING PARTY

The ultimate parent company is Foresight Group Holdings Limited, a company registered in Guernsey. The ultimate controlling party is Mr B W Fairman.

At the year-end, the company owed Foresight Group Holdings Limited £421,245.