Chickenhawk Limited

Chickenhawk Limited

CHICKENHAWK LIMITED - Company Information

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1 July 2019 false No description of principal activity Taxfiler 2021.6 09317399business:PrivateLimitedCompanyLtd2019-07-012020-06-30 093173992019-06-30 093173992019-07-012020-06-30 09317399business:AuditExempt-NoAccountantsReport2019-07-012020-06-30 09317399business:FullAccounts2019-07-012020-06-30 093173992020-06-30 09317399business:Director12019-07-012020-06-30 09317399business:Director22019-07-012020-06-30 09317399business:RegisteredOffice2019-07-012020-06-30 093173992019-06-30 09317399core:WithinOneYear2020-06-30 09317399core:WithinOneYear2019-06-30 09317399core:ShareCapital2020-06-30 09317399core:ShareCapital2019-06-30 09317399core:RetainedEarningsAccumulatedLosses2020-06-30 09317399core:RetainedEarningsAccumulatedLosses2019-06-30 09317399business:SmallEntities2019-07-012020-06-30 09317399countries:EnglandWales2019-07-012020-06-30 09317399core:PlantMachinery2019-06-30 09317399core:PlantMachinery2020-06-30 09317399core:PlantMachinery2019-07-012020-06-30 0931739912019-07-012020-06-30 093173992018-01-012019-06-30 iso4217:GBP xbrli:pure
Company Registration No. 09317399 (England and Wales)
Chickenhawk Limited Unaudited accounts for the year ended 30 June 2020
Chickenhawk Limited Unaudited accounts Contents
Page
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Chickenhawk Limited Company Information for the year ended 30 June 2020
Directors
William Laugharne Morgan Karl Philip Devon-Lowe
Company Number
09317399 (England and Wales)
Registered Office
338 EUSTON ROAD LONDON NW1 3BG ENGLAND
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Chickenhawk Limited Statement of financial position as at 30 June 2020
2020 
2019 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
867,821 
925,356 
Current assets
Debtors
5
273,728 
214,194 
Cash at bank and in hand
57,841 
32,315 
331,569 
246,509 
Creditors: amounts falling due within one year
6
(49,049)
(22,263)
Net current assets
282,520 
224,246 
Total assets less current liabilities
1,150,341 
1,149,602 
Provisions for liabilities
Deferred tax
(86,327)
(82,548)
Net assets
1,064,014 
1,067,054 
Capital and reserves
Called up share capital
1,067,054 
1,067,054 
Profit and loss account
(3,040)
- 
Shareholders' funds
1,064,014 
1,067,054 
For the year ending 30 June 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 16 June 2021 and were signed on its behalf by
Karl Philip Devon-Lowe Director Company Registration No. 09317399
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Chickenhawk Limited Notes to the Accounts for the year ended 30 June 2020
1
Statutory information
Chickenhawk Limited is a private company, limited by shares, registered in England and Wales, registration number 09317399. The registered office is 338 EUSTON ROAD, LONDON, NW1 3BG, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The financial statements have been prepared on a going concern basis as the Directors believe there will be sufficient cash to continue operations for the foreseeable future.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the generation of electricity. Turnover from the generation of electricity is recognised when the electricity generated has been exported to the grid.
Tangible fixed assets
Tangible assets comprise directly attributable costs in acquiring assets including finance costs and professional fees where appropriate. Individual fixed assets costing more than £1,000 are capitalised at cost.
Depreciation
Depreciation has been provided on a systematic basis in order to write off plant and machinery over the estimated useful economic life of 20 years. The directors will also consider whether assets should be subject to an impairment review.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised as transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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Chickenhawk Limited Notes to the Accounts for the year ended 30 June 2020
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that is it probable that they will be recovered against the reversal of deferred tax liabilities, other future taxable profits or by way of group relief. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. Operating lease payments are recognised as an expense on a straight-line basis over the lease term.
Expenses
Expenses are recognised in the Statement of Comprehensive Income on an accruals basis in the period in which they are incurred.
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 July 2019
1,150,702 
At 30 June 2020
1,150,702 
Depreciation
At 1 July 2019
225,346 
Charge for the year
57,535 
At 30 June 2020
282,881 
Net book value
At 30 June 2020
867,821 
At 30 June 2019
925,356 
5
Debtors: amounts falling due within one year
2020 
2019 
£ 
£ 
Trade debtors
48,321 
42,738 
Amounts due from group undertakings etc.
202,060 
146,986 
Other debtors
23,347 
24,470 
273,728 
214,194 
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Chickenhawk Limited Notes to the Accounts for the year ended 30 June 2020
6
Creditors: amounts falling due within one year
2020 
2019 
£ 
£ 
Trade creditors
- 
7,460 
Amounts owed to group undertakings and other participating interests
37,873 
12,718 
Taxes and social security
(2,253)
- 
Proposed dividends
2,688 
- 
Other creditors
10,741 
2,085 
49,049 
22,263 
7
Transactions with related parties
During the year the Company lent to Wind Renewables Income Holdco Ltd in order to provide funding for working capital, on an interest-free basis, unsecured and repayable on demand. The balance outstanding at 30 June 2020 is £150,515, (2019: £94,000). During the year the Company lent to Wind Renewables Income Fund in order to provide funding for working capital, on an interest-free basis, unsecured and repayable on demand. The balance outstanding at 30 June 2020 is £51,544, (2019: £52,986). During the year the Company borrowed from Lepetomane Ltd in order to provide funding for working capital, on an interest-free basis, unsecured and repayable on demand. The balance outstanding at 30 June 2020 is £12,718, (2019: £12,718). Amounts owed to group undertakings and other participating interests include intercompany management fees owed to Wind Renewables Income Fund. The management fees for the year total £25,155, (2019: £nil) of which all remained outstanding as at 30 June 2020, (2019: £nil). No adjustment has been made to reflect the value of any interest free loans at present value as, in the opinion of the Directors, this would not have any material affect on the financial statements. The Directors of the Company have waived their directors fees.
8
Controlling party
The controlling party is Lepetomane Limited. The ultimate controlling party of the Company is Wind Renewables Income Fund.
9
Post balance sheet events
There have been no significant events since the end of the reporting period.
10
Average number of employees
During the year the average number of employees was 0 (2019: 0).
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