Company Registration No. SC515355 (Scotland)
CONCORD ENERGY LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2016
PAGES FOR FILING WITH REGISTRAR
CONCORD ENERGY LIMITED
COMPANY INFORMATION
Directors
Mr P Richards
(Appointed 10 September 2015)
Mr G Guenther
(Appointed 10 September 2015)
Company number
SC515355
Registered office
100 South Woodside Road
Glasgow
Glasgow City
G20 6NS
Accountants
Johnston Carmichael LLP
7-11 Melville Street
Edinburgh
EH3 7PE
CONCORD ENERGY LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
CONCORD ENERGY LIMITED
BALANCE SHEET
AS AT
30 SEPTEMBER 2016
30 September 2016
- 1 -
2016
Notes
£
£
Current assets
Debtors
2
1,000
Net current assets
1,000
Capital and reserves
Called up share capital
3
1,000
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 period ended 30 September 2016 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
T
he directors acknowledge their responsibilities for complying with the requirements of the Act 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 period 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 24 August 2017 and are signed on its behalf by:
Mr P Richards
Director
Company Registration No. SC515355
CONCORD ENERGY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2016
- 2 -
1
Accounting policies
Company information
Concord Energy Limited is a
private
company
limited by shares
incorporated in Scotland.
The registered office is
100 South Woodside Road, Glasgow, Glasgow City, G20 6NS.
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 financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
1.2
Profit and loss account
The company has not traded during the period or the preceding financial
period
. During
this time
the company received no income and incurred no expenditure and therefore no Profit and loss account is presented
in these financial statements
1.3
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest
method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Financial assets classified as receivable within one year are not amortised.
1.4
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
2
Debtors
2016
Amounts falling due within one year:
£
Other debtors
1,000
CONCORD ENERGY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 SEPTEMBER 2016
- 3 -
3
Called up share capital
2016
£
Ordinary share capital
Issued and fully paid
2,000 Ordinary Shares of 50p each
1,000