Registration number:
Home Energy Limited
for the Period from 1 July 2017 to 30 September 2018
Chartered Accountants
Thorncroft Manor
Leatherhead
Surrey
KT22 8JB
Home Energy Limited
Contents
Company Information |
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Balance Sheet |
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Notes to the Financial Statements |
Home Energy Limited
Company Information
Chief executive |
Kevin Stoker |
Directors |
Kevin Stoker Charles Fairpo Norman Huckerby Paul Williamson Mr Rod Mountain |
Registered Number: |
10225877 |
Registered office |
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Accountants |
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Page 1 |
Home Energy Limited
(Registration number: 10225877)
Balance Sheet as at 30 September 2018
Note |
2018 |
2017 |
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Fixed assets |
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Tangible assets |
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- |
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Investments |
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- |
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- |
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Current assets |
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Debtors |
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- |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
- |
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Net current assets |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Other reserves |
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- |
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Profit and loss account |
( |
- |
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Total equity |
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Page 2 |
Home Energy Limited
(Registration number: 10225877)
Balance Sheet as at 30 September 2018
For the financial period ending 30 September 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
• |
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• |
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
.........................................
Chief executive
Page 3 |
Home Energy Limited
Notes to the Financial Statements for the Period from 1 July 2017 to 30 September 2018
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
England
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Going concern
The financial statements have been prepared on a going concern basis.
Tangible assets
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Office Equipment |
3 years straight line |
Page 4 |
Home Energy Limited
Notes to the Financial Statements for the Period from 1 July 2017 to 30 September 2018
Investments
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Staff numbers |
The average number of persons employed by the company (including directors) during the period, was
Tangible assets |
Office equipment |
Total |
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Cost or valuation |
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Additions |
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At 30 September 2018 |
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Depreciation |
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Charge for the period |
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At 30 September 2018 |
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Carrying amount |
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At 30 September 2018 |
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Page 5 |
Home Energy Limited
Notes to the Financial Statements for the Period from 1 July 2017 to 30 September 2018
Investments |
2018 |
2017 |
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Investments in subsidiaries |
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- |
Subsidiaries |
£ |
Cost or valuation |
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Additions |
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Provision |
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Carrying amount |
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At 30 September 2018 |
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Details of undertakings
Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:
Undertaking |
Registered office |
Holding |
Proportion of voting rights and shares held |
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2018 |
2017 |
Subsidiary undertakings |
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Stoneygate House
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Ordinary Shares |
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England |
Debtors |
Note |
2018 |
2017 |
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Amounts owed by group undertakings and undertakings in which the company has a participating interest |
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- |
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Other debtors |
1,900 |
- |
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VAT Control account |
13,878 |
- |
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- |
Page 6 |
Home Energy Limited
Notes to the Financial Statements for the Period from 1 July 2017 to 30 September 2018
Creditors |
Creditors: amounts falling due within one year
2018 |
2017 |
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Due within one year |
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Trade creditors |
10,803 |
- |
Other related parties |
2,033 |
- |
PAYE and NIC |
1,879 |
- |
Accruals and deferred income |
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- |
Other creditors |
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- |
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- |
Share capital |
Allotted, called up and fully paid shares
2018 |
2017 |
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No. |
£ |
No. |
£ |
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100 |
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100 |
Related party transactions |
Summary of transactions with subsidiaries
Other reserves |
Other reserves relate to amounts deposited by investors against a future allotment of shares. These shares were subsequently issued in November 2018.
Page 7 |