Broadpoint 3 Limited
|
Registered number: |
09885365
|
Balance Sheet |
as at 30 November 2017
|
|
Notes |
|
|
2017 |
|
|
2016 |
£ |
£ |
Fixed assets |
Investments |
3 |
|
|
3,179,318 |
|
|
3,179,466 |
|
Current assets |
Debtors |
4 |
|
794 |
|
|
315 |
Cash at bank and in hand |
|
|
1,641 |
|
|
136 |
|
|
|
2,435 |
|
|
451 |
|
Creditors: amounts falling due within one year |
5 |
|
(3,201,294) |
|
|
(8,657) |
|
Net current liabilities |
|
|
|
(3,198,859) |
|
|
(8,206) |
|
Total assets less current liabilities |
|
|
|
(19,541) |
|
|
3,171,260 |
|
Creditors: amounts falling due after more than one year |
6 |
|
|
- |
|
|
(3,179,689) |
|
|
|
Net liabilities |
|
|
|
(19,541) |
|
|
(8,429) |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
|
|
|
2 |
|
|
2 |
Profit and loss account |
|
|
|
(19,543) |
|
|
(8,431) |
|
Shareholders' funds |
|
|
|
(19,541) |
|
|
(8,429) |
|
|
|
|
|
|
|
|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
|
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
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The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
|
|
|
|
|
C A Ainsworth |
Director |
Approved by the board on 4 April 2018
|
|
Broadpoint 3 Limited
|
Notes to the Accounts |
for the year ended 30 November 2017
|
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
|
|
|
Fixed asset investments |
|
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
|
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
|
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
|
|
|
Taxation |
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A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
|
|
|
Provisions |
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Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
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|
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2 |
Going Concern |
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On the basis of their assessment of the company’s financial position, the company’s directors have a reasonable expectation that the company will be able to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements. |
|
|
3 |
Fixed asset investments |
|
Other |
investments |
£ |
|
Cost |
|
At 1 December 2016 |
3,179,466 |
|
Disposals |
(148) |
|
|
At 30 November 2017 |
3,179,318 |
|
|
Other investments are shares in small unlisted companies which have been measured at fair value. |
|
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The principal undertakings in which the company's interest at the year end is 20% or more are as follows: |
|
|
Name |
Country of incorporation or registration |
|
Proportion of voting rights and ordinary share capital held |
|
Nature of business |
|
|
Digima Ltd |
United Kingdom |
|
23.05% |
Solar power |
|
DLN Digital Ltd |
United Kingdom |
|
100.00% |
Solar power |
|
Elementary Energy Ltd |
United Kingdom |
|
49.29% |
Hydro power |
|
Green Highland Allt Choire A Bhalachain (255) Ltd |
United Kingdom |
|
49.60% |
Hydro power |
|
Green Highland Allt Ladaidh (1148) Ltd |
United Kingdom |
|
49.29% |
Hydro power |
|
Green Highland Allt Luaidhe (228) Ltd |
United Kingdom |
|
49.75% |
Hydro power |
|
Green Highland Allt Phocachain (1015) Ltd |
United Kingdom |
|
23.05% |
Hydro power |
|
|
During the period the company disposed of its investment holdings in Craigahulliar Energy Limited and Aeris Power Limited. |
|
4 |
Debtors |
2017 |
|
2016 |
£ |
£ |
|
|
Other debtors |
794 |
|
315 |
|
|
|
|
|
|
|
|
|
|
5 |
Creditors: amounts falling due within one year |
2017 |
|
2016 |
£ |
£ |
|
|
Trade creditors |
8,038 |
|
4,021 |
|
Other creditors |
3,193,256 |
|
4,636 |
|
|
|
|
|
|
3,201,294 |
|
8,657 |
|
|
|
|
|
|
|
|
|
|
6 |
Creditors: amounts falling due after one year |
2017 |
|
2016 |
£ |
£ |
|
|
Other creditors |
- |
|
3,179,689 |
|
|
|
|
|
|
|
|
|
|
7 |
Loans |
2017 |
|
2016 |
£ |
£ |
|
Creditors include: |
|
|
Secured loans |
3,015,000 |
|
3,015,000 |
|
|
|
|
|
|
|
|
|
|
The loans from Triple Point Income VCT Plc and Triple Point VCT 2011 Plc are secured by a fixed and floating charge over the assets of the company.
|
|
|
8 |
Controlling party |
|
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The directors consider that there is no ultimate controlling party.
|
|
|
9 |
Other information |
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Broadpoint 3 Limited is a private company limited by shares and incorporated in England. Its registered office is: 18 St Swithin's Lane, London, EC4N 8AD. |
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The company had no emplyees during the year. |