Company Registration No. 12490079 (England and Wales)
Wolfland Renewables Ltd
Unaudited accounts
for the year ended 31 December 2022
Wolfland Renewables Ltd
Unaudited accounts
Contents
Wolfland Renewables Ltd
Company Information
for the year ended 31 December 2022
Directors
Mr Russell Hoare
Mr Karl Farrow
Mr Glynn Gary Williams
Company Number
12490079 (England and Wales)
Registered Office
Keyword House
Viking Road
Great Yarmouth
NR31 0NU
England
Accountants
Azoth Solutions Ltd
Jonathan Scott Hall
Thorpe Road
Norwich
Norfolk
NR1 1UH
Wolfland Renewables Ltd
Statement of financial position
as at 31 December 2022
Tangible assets
6,118
7,498
Cash at bank and in hand
2,257
9,903
Creditors: amounts falling due within one year
(1,303,354)
(34,370)
Net current liabilities
(108,829)
(5,013)
Net (liabilities)/assets
(102,711)
2,485
Called up share capital
30
30
Profit and loss account
(102,741)
2,455
Shareholders' funds
(102,711)
2,485
For the year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 7 September 2023 and were signed on its behalf by
Mr Russell Hoare
Director
Company Registration No. 12490079
Wolfland Renewables Ltd
Notes to the Accounts
for the year ended 31 December 2022
Wolfland Renewables Ltd is a private company, limited by shares, registered in England and Wales, registration number 12490079. The registered office is Keyword House, Viking Road, Great Yarmouth, NR31 0NU, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
The financial statements have been prepared on the going concern basis.
As at the balance sheet date the Company funded its daily working capital requirements through intercompany loan facilities. Amounts owed to group undertakings are repayable on demand, but are unlikely to be recalled within the next 12 months. The Company has a Letter of Support from group company, Third Energy Onshore Limited, confirming adequate group cash balances as at the date of signing the balance sheet and the fact that Third Energy Onshore Limited will not request repayment of this balance due to them for at least the foreseeable future.
The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and for a period of at least 12 months from the date of approval of these financial statements. Based on the forecasts prepared the directors continue to adopt the going concern basis of accounting in preparing the annual financial statements.
Wolfland Renewables Ltd
Notes to the Accounts
for the year ended 31 December 2022
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2022
424
7,861
8,285
At 31 December 2022
424
7,861
8,285
At 1 January 2022
24
763
787
Charge for the year
71
1,309
1,380
At 31 December 2022
95
2,072
2,167
At 31 December 2022
329
5,789
6,118
At 31 December 2021
400
7,098
7,498
Amounts falling due within one year
Amounts due from group undertakings etc.
1,182,643
19,424
Accrued income and prepayments
8,625
-
6
Creditors: amounts falling due within one year
2022
2021
Trade creditors
145,970
27,013
Amounts owed to group undertakings and other participating interests
1,153,908
-
Taxes and social security
3,476
5,134
Loans from directors
-
10,000
As at the balance sheet date, the immediate and ultimate parent is Wolfland Group Limited, a company domiciled and registered in the Isle of Man.
At the date of signing these statements the immediate parent is Third Energy Onshore Limited.
8
Average number of employees
During the year the average number of employees was 2 (2021: 2).