Registration number:
Home Energy Trading Limited
for the Year Ended 30 September 2018
Chartered Accountants
Thorncroft Manor
Leatherhead
Surrey
KT22 8JB
Home Energy Trading Limited
Contents
Company Information |
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Balance Sheet |
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Notes to the Financial Statements |
Home Energy Trading Limited
Company Information
Chief executive |
Kevin Stoker |
Directors |
Kevin Stoker Norman Huckerby Paul Williamson |
Registered Number: |
10364306 |
Registered office |
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Accountants |
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Page 1 |
Home Energy Trading Limited
(Registration number: 10364306)
Balance Sheet as at 30 September 2018
Note |
2018 |
2017 |
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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 |
|
- |
|
|
|
||
Creditors: Amounts falling due within one year |
( |
- |
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Net (liabilities)/assets |
( |
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Capital and reserves |
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Called up share capital |
|
|
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Profit and loss account |
( |
- |
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Total equity |
( |
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For the financial year 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 2 |
Home Energy Trading Limited
Notes to the Financial Statements for the Year Ended 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 company started trading in December 2018. As stated in note 4, the parent company has agreed not to demand repayment of amounts due other than from free cashflow. The parent has agreed to support the company in the delivery of its strategic plans for the years to 30 September 2019 and 2020 respectively.
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.
Page 3 |
Home Energy Trading Limited
Notes to the Financial Statements for the Year Ended 30 September 2018
Debtors |
2018 |
2017 |
|
Prepayments |
|
- |
Other debtors |
6,100 |
100 |
VAT Control account |
140 |
- |
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Creditors |
Creditors: amounts falling due within one year
Note |
2018 |
2017 |
|
Due within one year |
|||
Trade creditors |
6,200 |
- |
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Amounts owed to associates |
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- |
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Accruals and deferred income |
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- |
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- |
Amounts owed to associates represents amounts owed to the parent company. The parent company has agreed not to demand repayment of these amounts other than from free cashflow.
Share capital |
Allotted, called up and fully paid shares
2018 |
2017 |
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No. |
£ |
No. |
£ |
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|
|
100 |
|
100 |
Page 4 |
Home Energy Trading Limited
Notes to the Financial Statements for the Year Ended 30 September 2018
Related party transactions |
Summary of transactions with parent
Parent and ultimate parent undertaking |
The company's immediate parent is
The most senior parent entity producing publicly available financial statements is
Page 5 |