PF Solar Limited - Period Ending 2015-09-30

 
 
 
 
 
 
 
  PF Solar Limited
 
  Unaudited Abbreviated Accounts
  Period from 25 February 2015 to 30 September 2015

 
  Company Registration Number: 09457967

PF Solar Limited
Contents

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3 to 4

PF Solar Limited
Abbreviated Balance Sheet
30 September 2015

		Note			30 September 2015 £
Fixed assets
Investments		2			10,001
Current assets
Debtors					1,977,101
Cash at bank and in hand					88,048
					2,065,149
Creditors: Amounts falling due within one year					(48,231)
Net current assets					2,016,918
Total assets less current liabilities					2,026,919
Creditors: Amounts falling due after more than one year					(1,054,879)
Net assets					972,040
Capital and reserves
Called up share capital		4			1,100,000
Profit and loss account					(127,960)
Shareholders' funds					972,040

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 1

PF Solar Limited
Abbreviated Balance Sheet
30 September 2015 ......... continued

For the year ending 30 September 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 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 in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 15 June 2016 and signed on its behalf by:

Mr N D Beatty
Director

Company Registration Number: 09457967

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

PF Solar Limited
Notes to the Abbreviated Accounts
Period from 25 February 2015 to 30 September 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 January 2015).

Fixed asset investments

Fixed asset investments are stated at historical cost less provision for any diminution in value.

2	Fixed assets

		Investments £			Total £
Cost
Additions		10,001			10,001
At 30 September 2015		10,001			10,001
Depreciation
At 30 September 2015		-			-
Net book value
At 30 September 2015		10,001			10,001

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking	Country of incorporation	Holding	Proportion of voting rights and shares held	Principal activity
Subsidiary undertakings
Pierces Solar Limited	England & Wales	ordinary shares	100.00%	Generating renewable electricity from the operation of a solar park

The profit for the financial period of Pierces Solar Limited was £54,798 and the aggregate amount of capital and reserves at the end of the period was £50,650.

Page 3

PF Solar Limited
Notes to the Abbreviated Accounts
Period from 25 February 2015 to 30 September 2015 ......... continued

3

Creditors

Creditors includes the following liabilities, on which security has been given by the company:

		30 September 2015 £
Amounts falling due within one year		45,121
Amounts falling due after more than one year		1,054,879
Total secured creditors		1,100,000

Included in the creditors are the following amounts due after more than five years:

		30 September 2015 £
After more than five years by instalments		806,179

4	Share capital

Allotted, called up and fully paid shares

	30 September 2015
		No.			£
Ordinary shares of £1 each		1,100,001			1,100,001

New shares allotted

During the period 1,100,001 ordinary shares having an aggregate nominal value of £1 were allotted for an aggregate consideration of £1,100,001.

Page 4