Company Registration No. 10789285 (England and Wales)
EEB15 LIMITED
ANNUAL REPORT AND UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2023
PAGES FOR FILING WITH REGISTRAR
TWP Accounting LLP
Chartered Accountants
The Old Rectory
Church Street
Weybridge
Surrey
KT13 8DE
EEB15 LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
EEB15 LIMITED
Company Registration No. 10789285
BALANCE SHEET
AS AT
31 MARCH 2023
31 March 2023
- 1 -
2023
2022
Notes
£
£
£
£
Current assets
Stocks
230,348
187,978
Debtors
3
327,350
156,835
Cash at bank and in hand
10
83
557,708
344,896
Creditors: amounts falling due within one year
4
(905,340)
(633,071)
Net current liabilities
(347,632)
(288,175)
Capital and reserves
Called up share capital
5
100
100
Profit and loss reserves
(347,732)
(288,275)
Total equity
(347,632)
(288,175)
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 18 December 2023 and are signed on its behalf by:
D Kelleher
Director
EEB15 LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
- 2 -
1
Accounting policies
Company information
EEB15 Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Old Rectory, Church Street, Weybridge, Surrey, KT13 8DE.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The principal accounting policies adopted are set out below.
1.2
Going concern
At the balance sheet date the company has made a loss of £59,457 and has net liabilities of £347,632. Included in creditors are amounts due to the parent company, Dunmore Solar Developments Limited, of £751,274. The parent company has confirmed that they will continue to support the company for the foreseeable future and is confident about the company's ability to trade a going concern and meet its financial obligations. Therefore the accounts have been prepared on the going concern basis.
A fellow subsidiary company, is managing live projects and associated costs for EEB15 Limited. Development services are charged to EEB15 Limited from the fellow subsidiary once predetermined stages are met. The company is therefore considered to be preparing to trade.
1.3
Debtors
Short term debtors are measured at transaction price, less any impairment.
1.4
Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs.
1.5
Cash at bank and in hand
Cash at bank and in hand are basic financial assets and include cash in hand.
1.6
Creditors
Short term creditors are measured at the transaction price.
2
Employees
The company has 0 (2022 - 0) employees other than the directors, who did not receive any remuneration.
3
Debtors
2023
2022
Amounts falling due within one year:
£
£
Other debtors
327,350
156,835
EEB15 LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 3 -
4
Creditors: amounts falling due within one year
2023
2022
£
£
Amounts owed to group undertakings and connected companies
905,340
633,071
905,340
633,071
The non convertible loan notes in the parent company are secured by a fixed and floating charge over all the assets across the group and company.
5
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
6
Controlling Party
The ultimate parent undertaking is Foresight UK Solar Development Holdco Limited, there is no sole controlling party.