Birchall Green Solar Farm Limited
Birchall Green Solar Farm Limited
Registered number: 13586982
Unaudited Financial Statements
For the Period 1 May 2023 to 31 December 2023
Birchall Green Solar Farm Limited
Unaudited Financial Statements
For the Period 1 May 2023 to 31 December 2023
Unaudited Financial Statements
| Contents | |
| Page | |
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| Statement of Financial Position | 1 |
| Notes to the Financial Statements | 2—4 |
Birchall Green Solar Farm Limited
Statement of Financial Position
As At
31 December 2023
Statement of Financial Position
Registered number:
13586982
For the period ending 31 December 2023 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
| 31 December 2023 | 30 April 2023 | ||||
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| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 4 |
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| Creditors: Amounts Falling Due Within One Year | 5 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| NET (LIABILITIES)/ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 6 |
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| Share premium account |
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| Income Statement |
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| SHAREHOLDERS' FUNDS | (106,031) | 1 | |||
The financial statements were approved by the board of directors on 29 April 2024 and were signed on its behalf by:
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Director
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Director
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The notes on pages 2 to 4 form part of these financial statements.
Birchall Green Solar Farm Limited
Notes to the Financial Statements
For the Period 1 May 2023 to 31 December 2023
Notes to the Financial Statements
1.
General Information
Birchall Green Solar Farm Limited
is a private company, limited by shares, incorporated in England & Wales, registered number
13586982
. The registered office is 14B, Tower 42, 25 Old Broad Street, London, EC2N 1HN.
2.
Accounting Policies
2.1.
Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2.
Going Concern Disclosure
The directors have considered the basis of preparation of the financial statements and have concluded that it is appropriate to prepare these on the going concern basis. The Company has full support of the shareholders and ultimate parent who have confirmed they will fully support the entity financially and ensure it manage its liabilities as they fall due for a period of not less than 12 months of the approval of the financial statements.
2.3.
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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4.
Tangible Fixed Assets and Depreciation
Tangible assets are stated at cost, net of depreciation and any provision for impairment. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Assets are not yet available for their intended use, there are no depreciation charged in these financial statements.
| Plant & Machinery |
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2.5.
Financial Instruments
2.5.
Financial Instruments - continued
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
...CONTINUED
Birchall Green Solar Farm Limited
Notes to the Financial Statements (continued)
For the Period 1 May 2023 to 31 December 2023
Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
2.6.
Impairment of Fixed Assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
2.7.
Borrowing Costs
General and specific borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to the cost of those assets, until such time as the assets are substantially ready for their intended use or sale. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
Borrowing costs capitalised for the period is £257 at effective rate of 15.16% (Apr 2023: £nil), aggregated borrowing costs capitalised as at 31 December 2023 is £257 (Apr 2023: £nil).
3.
Average Number of Employees
Average number of employees, including directors, during the period was: NIL (2023: NIL)
4.
Tangible Assets
| Plant & Machinery | |
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| £ | |
| Cost | |
| As at 1 May 2023 |
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| Additions |
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| As at 31 December 2023 |
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| Net Book Value | |
| As at 31 December 2023 |
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| As at 1 May 2023 |
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Birchall Green Solar Farm Limited
Notes to the Financial Statements (continued)
For the Period 1 May 2023 to 31 December 2023
5.
Creditors: Amounts Falling Due Within One Year
| 31 December 2023 | 30 April 2023 | ||
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| £ | £ | ||
| Trade creditors |
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| Accruals and deferred income |
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| Amounts owed to group undertakings |
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Amounts owed to group undertakings are repayable on demand, unsecured with interest bearing at 15.49%.
7.
Ultimate Controlling Party
The company's ultimate controlling party is
ASE UK Holdings Limited
, 14B, Tower 42, 25 Old Broad Street, London, EC2N 1HN.