Company registration number 09091352 (England and Wales)
DEEPBRIDGE RENEWABLE ENERGY (2) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023
PAGES FOR FILING WITH REGISTRAR
DEEPBRIDGE RENEWABLE ENERGY (2) LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
DEEPBRIDGE RENEWABLE ENERGY (2) LIMITED
BALANCE SHEET
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
2
1,759,865
1,849,838
Investments
3
1,150,000
1,150,000
2,909,865
2,999,838
Current assets
Debtors
4
11,297
62,095
Cash at bank and in hand
19,301
41,743
30,598
103,838
Creditors: amounts falling due within one year
5
(1,062,637)
(1,063,526)
Net current liabilities
(1,032,039)
(959,688)
Total assets less current liabilities
1,877,826
2,040,150
Capital and reserves
Called up share capital
6
3,986,400
3,986,400
Profit and loss reserves
(2,108,574)
(1,946,250)
Total equity
1,877,826
2,040,150
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 30 June 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 4 March 2024 and are signed on its behalf by:
Mr Ian Warwick
Director
Company Registration No. 09091352
DEEPBRIDGE RENEWABLE ENERGY (2) LIMITED
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2023
30 June 2023
- 2 -
1
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
2
2
2
Tangible fixed assets
Plant and machinery
£
Cost
At 1 July 2022
1,849,838
Additions
125,978
Disposals
(215,950)
At 30 June 2023
1,759,865
Depreciation and impairment
At 1 July 2022 and 30 June 2023
Carrying amount
At 30 June 2023
1,759,865
At 30 June 2022
1,849,838
3
Fixed asset investments
2023
2022
£
£
Other investments other than loans
1,150,000
1,150,000
In June 2015, the company acquired 900 B Ordinary shares, being 90% of the share capital, and therefore representing the controlling interest of Drim Lee Limited, an unlisted company registered in Scotland. Drim Lee Limited has developed a hydro project which was energised in December 2015, and now supplies electricity to the National Grid.
DEEPBRIDGE RENEWABLE ENERGY (2) LIMITED
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2023
30 June 2023
3
Fixed asset investments
(Continued)
- 3 -
Movements in fixed asset investments
Investments other than loans
£
Cost or valuation
At 1 July 2022 & 30 June 2023
1,150,000
Carrying amount
At 30 June 2023
1,150,000
At 30 June 2022
1,150,000
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Other debtors
11,297
62,095
5
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
15,320
Other creditors
1,062,637
1,048,206
1,062,637
1,063,526
6
Called up share capital
2023
2022
£
£
Ordinary share capital
Issued and fully paid
3,981,400 'A' Ordinary shares of £1 each
3,981,400
3,981,400
500,000 'B' Ordinary shares of 1p each
5,000
5,000
3,986,400
3,986,400