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Unaudited Financial Statements for the Year Ended 30 April 2019 |
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Huddleston Energy Limited |
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REGISTERED NUMBER:
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Unaudited Financial Statements for the Year Ended 30 April 2019 |
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for |
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Huddleston Energy Limited |
Huddleston Energy Limited (Registered number: 01680784) |
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Contents of the Financial Statements |
for the Year Ended 30 April 2019 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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Huddleston Energy Limited |
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Company Information |
for the Year Ended 30 April 2019 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Certified Accountants, |
2 Cricklade Court |
Old Town |
Swindon |
Wiltshire |
SN1 3EY |
Huddleston Energy Limited (Registered number: 01680784) |
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Balance Sheet |
30 April 2019 |
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2019 | 2018 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
( |
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( |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings | ( |
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SHAREHOLDERS' FUNDS | ( |
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The directors acknowledge their responsibilities for: |
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ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and |
(b) |
preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
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Huddleston Energy Limited (Registered number: 01680784) |
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Notes to the Financial Statements |
for the Year Ended 30 April 2019 |
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1. | STATUTORY INFORMATION |
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Huddleston Energy Limited is a
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company's registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to |
the extent that it relates to items recognised in other comprehensive income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or |
substantively enacted by the balance sheet date. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
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Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from |
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that |
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the |
timing difference. |
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Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they |
will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
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Financial instruments |
Basic financial instruments, including trade and other receivables and payables, cash and bank balances, bank |
loans and loans to or from other group companies are initially recognised at transaction price, 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. Such assets are subsequently carried at amortised cost |
using the effective interest method. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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Huddleston Energy Limited (Registered number: 01680784) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 April 2019 |
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4. | TANGIBLE FIXED ASSETS |
Fixtures |
and | Computer |
fittings | equipment | Totals |
£ | £ | £ |
COST |
At 1 May 2018 |
and 30 April 2019 |
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DEPRECIATION |
At 1 May 2018 |
and 30 April 2019 |
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NET BOOK VALUE |
At 30 April 2019 |
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At 30 April 2018 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Deferred tax asset |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Directors' current accounts | 66,512 | 61,582 |
Accrued expenses |
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7. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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At the balance sheet date, the director was owed £66,512 by the company (2018: £61,582). This amount is |
loaned interest free and is repayable on demand. |
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8. | ULTIMATE CONTROLLING PARTY |
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The controlling party is Dr R Huddleston. |
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9. | GOING CONCERN |
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At 30 April 2019 the company had a negative balance sheet of £42,121 (2018: negative balance sheet of |
£37,043) and made a trading loss of £4,690 (2018: Trading loss of £2,724 for the year). |
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The directors are continuing to support the business and continue to believe that the going concern basis is |
appropriate in the preparation of these accounts. If adoption of the going concern basis was inappropriate, |
adjustments would be required to write down assets to their recoverable value, to reclassify fixed assets as |
current assets and to provide for any further liabilities that may arise. |