COMPANY REGISTRATION NUMBER:
09747154
Rainmaker Energy Holdings UK Ltd
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Filleted Unaudited Abridged Financial Statements
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Rainmaker Energy Holdings UK Ltd
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Abridged Statement of Financial Position
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29 February 2020
Fixed assets
Current assets
Debtors
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1,719,489
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1,665,146
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Cash at bank and in hand
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56,154
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94,505
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------------
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------------
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1,775,643
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1,759,651
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------------
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------------
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Net current assets
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1,775,643
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1,759,651
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------------
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------------
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Total assets less current liabilities
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1,775,693
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1,759,701
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Creditors: amounts falling due after more than one year
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1,940,520
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1,921,642
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------------
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------------
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Net liabilities
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(
164,827)
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(
161,941)
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------------
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------------
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Capital and reserves
Called up share capital
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100
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100
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Profit and loss account
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(
164,927)
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(
162,041)
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---------
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---------
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Shareholders deficit
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(
164,827)
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(
161,941)
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---------
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---------
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These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.
For the year ending 29 February 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements
.
All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 29 February 2020 in accordance with Section 444(2A) of the Companies Act 2006.
Rainmaker Energy Holdings UK Ltd
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Abridged Statement of Financial Position (continued)
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29 February 2020
These abridged financial statements were approved by the
board of directors
and authorised for issue on
19 February 2021
, and are signed on behalf of the board by:
Mr W L Callcott-Stevens
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Director
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Company registration number:
09747154
Rainmaker Energy Holdings UK Ltd
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Notes to the Abridged Financial Statements
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Year ended 29 February 2020
1.
General information
The company is a private company limited by shares, registered in England. The address of the registered office is 605 Wiverton Tower, 4 New Drum Street, London, E1 7AS, England.
2.
Statement of compliance
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The abridged financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The financial statements have been prepared on a going concern basis. The company has net current liabilities at year end and is dependent on the shareholders for continued financial support. The shareholders have confirmed to the directors their intention to continue to provide funding to enable the company to meet its liabilities as they fall due to foreseeable future.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Investments in joint ventures
Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.
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.
4.
Investments
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£
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Cost
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At 1 March 2019 and 29 February 2020
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50
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----
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Impairment
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At 1 March 2019 and 29 February 2020
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–
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----
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Carrying amount
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At 29 February 2020
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50
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----
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At 28 February 2019
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50
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----
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5.
Related party transactions
No transactions with related parties were undertaken such as are required to be disclosed under FRS 102