Company Registration No. 12562161 (England and Wales)
EEB52 LIMITED
ANNUAL REPORT AND UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2022
PAGES FOR FILING WITH REGISTRAR
TWP Accounting LLP
Chartered Accountants
The Old Rectory
Church Street
Weybridge
Surrey
KT13 8DE
EEB52 LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
EEB52 LIMITED
Company Registration No. 12562161
BALANCE SHEET
AS AT 31 MARCH 2022
31 March 2022
- 1 -
2022
2021
Notes
£
£
£
£
Current assets
Debtors
3
15,100
15,100
Creditors: amounts falling due within one year
4
(399,900)
(178,750)
Net current liabilities
(384,800)
(163,650)
Capital and reserves
Called up share capital
5
100
100
Profit and loss reserves
(384,900)
(163,750)
Total equity
(384,800)
(163,650)
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 2022 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.
T
he 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 13 February 2023 and are signed on its behalf by:
D Kelleher
Director
EEB52 LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
- 2 -
1
Accounting policies
Company information
EEB52 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 a
mounts
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 t
he company has
made a loss of £221,150 and has
net liabilities of £384,800. Included in creditors are amounts due to
the parent undertaking
company
of
£39
9,900
. 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 EEB52 Limited. These costs along with related management services are recharged to EEB52 Limited from the fellow subsidiary once pre-determined stages are met. The final stage is met once a viable grid connection offer is made and accepted. 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
Cash at bank and in hand
Cash at bank and in hand are basic financial assets and include cash in hand.
1.5
Creditors
Short term creditors are measured at the transaction price.
2
Employees
The company has 0 (2021 - 0
) employees other than the directors, who did not receive any remuneration.
3
Debtors
2022
2021
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
100
100
Other debtors
15,000
15,000
15,100
15,100
EEB52 LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
- 3 -
4
Creditors: amounts falling due within one year
2022
2021
£
£
Amounts owed to group undertakings
399,900
178,750
399,900
178,750
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
2022
2021
2022
2021
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
6
Parent company
The ultimate parent undertaking is Elgin Energy Holdings Limited, there is no sole controlling party.