Laggan Hydro Limited 31/01/2021 iXBRL

Laggan Hydro Limited 31/01/2021 iXBRL

LAGGAN HYDRO LIMITED - Company Information

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Company registration number: SC618433
Laggan Hydro Limited
Trading as Laggan Hydro Limited
Unaudited filleted financial statements
31 January 2021
Laggan Hydro Limited
Contents
Directors and other information
Accountants report
Statement of financial position and notes to the financial statements
Laggan Hydro Limited
Directors and other information
Directors Mr Anthony Robin Marshall
Company number SC618433
Registered office 19a Caledonian Exchange
Canning Street
Edinburgh
EH3 8HE
Business address Barguilean
Taynuilt
Oban
PA35 1HY
Accountants Simmers & Co
Albany Chambers
Albany Street
Oban
PA34 4AL
Laggan Hydro Limited
Report to the board of directors on the preparation of the
unaudited statutory financial statements of Laggan Hydro Limited
Year ended 31 January 2021
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Laggan Hydro Limited for the year ended 31 January 2021 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of ICAS , we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.
This report is made solely to the board of directors of Laggan Hydro Limited, as a body, in accordance with the terms of our engagement letter dated 12 July 2012. Our work has been undertaken solely to prepare for your approval the financial statements of Laggan Hydro Limited and state those matters that we have agreed to state to the board of directors of Laggan Hydro Limited as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Laggan Hydro Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that Laggan Hydro Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Laggan Hydro Limited. You consider that Laggan Hydro Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Laggan Hydro Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Simmers & Co
Chartered Accountants & Registered Auditors
Albany Chambers
Albany Street
Oban
PA34 4AL
21 June 2021
Laggan Hydro Limited
Statement of financial position
31 January 2021
2021 2020
£ £ £ £
Fixed assets 287,660 272,934
_______ _______
Current assets 8,455 37,508
Prepayments and accrued income 1,208 1,342
_______ _______
9,663 38,850
Creditors: amounts falling due within one year ( 328,271) ( 303,271)
_______ _______
Net current liabilities ( 318,608) ( 264,421)
_______ _______
Total assets less current liabilities ( 30,948) 8,513
Accruals and deferred income ( 4,495) ( 13,669)
_______ _______
Net liabilities ( 35,443) ( 5,156)
_______ _______
Capital and reserves ( 35,443) ( 5,156)
_______ _______
Notes to the financial statements
Laggan Hydro Limited
Year ended 31 January 2021
1. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2021
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Mr Anthony Robin Marshall ( 212,229) ( 25,000) ( 237,229)
_______ _______ _______
2020
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Mr Anthony Robin Marshall - ( 212,229) ( 212,229)
_______ _______ _______
2. Impact of COVID
The period of the accounts includes a number of months where the company operated under Covid 19 restrictions. As the company operates in a rural environment with minimal staff, there was no adverse impact on the business. As such the directors consider that it can be viewed as a non-adjusting event and the preparation of the accounts on the going concern basis remains appropriate.
For the year ending 31 January 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsiblities:
- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the board of directors and authorised for issue on 21 June 2021 , and are signed on behalf of the board by:
Mr Anthony Robin Marshall
Director
Company registration number: SC618433
The company is a private company limited by shares, registered in Scotland.