Solar Sun 8 Limited - Limited company accounts 18.2

REGISTERED NUMBER: 07882864 (England and Wales)

Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 March 2018

for

Solar Sun 8 Limited

Page

Company Information

1

Report of the Directors

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

6

DIRECTORS:

Pinecroft Corporate Services Limited

G E Shaw

REGISTERED OFFICE:

C/O Foresight Group

32 London Bridge Street

London

SE1 9SG

REGISTERED NUMBER:

07882864 (England and Wales)

The directors present their report with the financial statements of the company for the year ended 31 March 2018.

PRINCIPAL ACTIVITY

The Company owns residential rooftop solar assets from which it generates revenue from electricity

generation.

DIRECTORS

The directors who have held office during the period from 1 April 2017 to the date of this report are

as follows:

D P Cambridge - resigned 1 January 2018

Pinecroft Corporate Services Limited - appointed 1 January 2018

G E Shaw - appointed 1 January 2018

R J Thompson - resigned 1 January 2018

GOING CONCERN

These accounts have been prepared on a going concern basis. The directors believe that this basis

is appropriate following consideration of cash flow forecasts, which show that the Company is able

to meet its liabilities as they fall due.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act

2006 relating to small companies.

ON BEHALF OF THE BOARD:

G E Shaw - Director

3 December 2018

TURNOVER

275,881

288,719

Administrative expenses

(91,734

)

(113,056

)

OPERATING PROFIT and

PROFIT BEFORE TAXATION

184,147

175,663

Tax on profit

(4,728

)

(4,600

)

PROFIT FOR THE FINANCIAL YEAR

179,419

171,063

FIXED ASSETS

Tangible assets

6

1,636,010

1,727,408

CURRENT ASSETS

Debtors

7

-

19,821

CREDITORS

Amounts falling due within one year

8

(1,158,625

)

(1,453,991

)

NET CURRENT LIABILITIES

(1,158,625

)

(1,434,170

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

477,385

293,238

PROVISIONS FOR LIABILITIES

(56,013

)

(51,285

)

NET ASSETS

421,372

241,953

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

421,272

241,853

421,372

241,953

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 3 December 2018 and were
signed on its behalf by:

G E Shaw - Director

1.	STATUTORY INFORMATION

Solar Sun 8 Limited is a private company, limited by shares , registered in England and

Wales. The company's registered number and registered office address can be found on the

Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting

Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland',

not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

4% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income

Statement, except to the extent that it relates to items recognised in other comprehensive

income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have

been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in

periods different from those in which they are recognised in financial statements. Deferred tax

is measured using tax rates and laws that have been enacted or substantively enacted by the

year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is

probable that they will be recovered against the reversal of deferred tax liabilities or other

future taxable profits.

3.	OPERATING PROFIT

The operating profit is stated after charging:

31.3.18

31.3.17

£

Depreciation - owned assets

91,398

102,633

4.	EXCEPTIONAL ITEMS

31.3.18

31.3.17

£

Exceptional items

-

5,193

5.	DEFERRED TAXATION

A deferred tax liability of £56,013 in respect to the timing differences between the recognition

of capital allowances and depreciation is currently being recognised.

Net book value £1,636,010

Tax written down value £1,341,205

Deferred tax liability £56,013

6.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2017

and 31 March 2018

2,284,933

DEPRECIATION

At 1 April 2017

557,525

Charge for year

91,398

At 31 March 2018

648,923

NET BOOK VALUE

At 31 March 2018

1,636,010

At 31 March 2017

1,727,408

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

Other debtors

-

19,821

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

Trade creditors

337

-

Amounts owed to group undertakings

1,144,151

1,451,388

Taxation and social security

4,806

2,603

Other creditors

9,331

-

1,158,625

1,453,991

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Averon Park Limited.