Allt Meurain Hydro Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 08944583 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD 1 OCTOBER 2015 TO 31 MARCH 2017

FOR

ALLT MEURAIN HYDRO LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

A Green

K M Parker

M F Cavalli

J M Rees

REGISTERED OFFICE:

c/o Lyon Group

Saddleworth Business Centre

Huddersfield Rd

Delph

Oldham

OL3 5DF

REGISTERED NUMBER:

08944583 (England and Wales)

ACCOUNTANTS:

Fairhurst

Chartered Accountants

Douglas Bank House

Wigan Lane

Wigan

Lancashire

WN1 2TB

BANKERS:

National Westminister Bank Plc

68 Church Street

Lancaster

Lancashire

LA1 1LN

FIXED ASSETS

Intangible assets

2

266,159

166,159

Tangible assets

3

438,413

438,413

704,572

604,572

CURRENT ASSETS

Cash at bank and in hand

100

10,787

CREDITORS

Amounts falling due within one year

729,749

639,336

NET CURRENT LIABILITIES

(729,649

)

(628,549

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(25,077

)

(23,977

)

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

(25,177

)

(24,077

)

SHAREHOLDERS' FUNDS

(25,077

)

(23,977

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 11 December 2017 and were signed on its behalf by:

K M Parker - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Intangible fixed assets

Included in intangible fixed assets are development costs in relation to the hydro system. The development costs

can be deferred to future periods provided that the costs are reasonably expected to be exceeded by future

revenues.

Amortisation of deferred development costs will commence with the commercial application of the system in line

with expected future revenues from the related project.

Tangible fixed assets

Tangible fixed assets are stated at cost less any depreciation.

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value

of each asset over its estimated useful life.

Freehold land - not provided

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2015

166,159

Additions

100,000

At 31 March 2017

266,159

NET BOOK VALUE

At 31 March 2017

266,159

At 30 September 2015

166,159

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2015

and 31 March 2017

438,413

NET BOOK VALUE

At 31 March 2017

438,413

At 30 September 2015

438,413

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2015

value:

£

£

100

Ordinary

£1

100

100

5.	ULTIMATE PARENT COMPANY