Ownpower Renewable Energy Development Ltd - Period Ending 2015-04-30

Registration number: 09015853

Ownpower Renewable Energy Development Ltd

Unaudited Abbreviated Accounts

for the Period from 29 April 2014 to 30 April 2015

 

Axel Chartered Accountants
3 Minshull Street
Knutsford
Cheshire
WA16 6HG

Ownpower Renewable Energy Development Ltd
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 3) have been prepared.

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Ownpower Renewable Energy Development Ltd
for the Period Ended 30 April 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Ownpower Renewable Energy Development Ltd for the period ended 30 April 2015 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Ownpower Renewable Energy Development Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Ownpower Renewable Energy Development Ltd and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ownpower Renewable Energy Development Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Ownpower Renewable Energy Development Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Ownpower Renewable Energy Development Ltd. You consider that Ownpower Renewable Energy Development Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of Ownpower Renewable Energy Development Ltd. 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 accounts.

......................................

Axel Chartered Accountants
3 Minshull Street
Knutsford
Cheshire
WA16 6HG

7 January 2016

Page 1

Ownpower Renewable Energy Development Ltd
(Registration number: 09015853)
Abbreviated Balance Sheet at 30 April 2015

		Note			30 April 2015 £
Creditors: Amounts falling due within one year					(183)
Capital and reserves
Called up share capital		2			4
Profit and loss account					(187)
Shareholders' deficit					(183)

For the year ending 30 April 2015 the company was entitled to exemption 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the director on 7 January 2016

.........................................
Mr Keith Boxer
Director

The notes on page 3 form an integral part of these financial statements.
Page 2

Ownpower Renewable Energy Development Ltd
Notes to the Abbreviated Accounts for the Period from 29 April 2014 to 30 April 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Share capital

Allotted, called up and fully paid shares

	30 April 2015
		No.			£
Ordinary of £1 each		4			4

New shares allotted

During the period 4 Ordinary having an aggregate nominal value of £4 were allotted for an aggregate consideration of £4. Shares issued on incorporation.

Page 3