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REGISTERED NUMBER:
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FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 30 APRIL 2017 |
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ENERGYBAND LIMITED |
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REGISTERED NUMBER:
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FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 30 APRIL 2017 |
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FOR |
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ENERGYBAND LIMITED |
ENERGYBAND LIMITED (REGISTERED NUMBER: 05884509) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
for the year ended 30 April 2017 |
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Company Information | 1 |
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Abridged Statement of Financial Position | 2 |
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Notes to the Financial Statements | 3 |
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ENERGYBAND LIMITED |
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COMPANY INFORMATION |
for the year ended 30 April 2017 |
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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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AUDITORS: |
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19-20 Bourne Court |
Southend Road |
Woodford Green |
Essex |
IG8 8HD |
ENERGYBAND LIMITED (REGISTERED NUMBER: 05884509) |
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ABRIDGED STATEMENT OF FINANCIAL POSITION |
30 April 2017 |
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2017 | 2016 |
£ | £ |
CURRENT ASSETS |
Debtors |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital |
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Share premium |
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Retained earnings |
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SHAREHOLDER FUNDS |
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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
behalf by: |
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ENERGYBAND LIMITED (REGISTERED NUMBER: 05884509) |
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NOTES TO THE FINANCIAL STATEMENTS |
for the year ended 30 April 2017 |
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1. | STATUTORY INFORMATION |
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Energyband 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. | STATEMENT OF COMPLIANCE |
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3. | ACCOUNTING POLICIES |
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Basis of accounting |
The financial statements have been prepared under the historical cost convention, and on the going |
concern basis. |
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They have been drawn up to comply with the applicable Financial Reporting Standards 102 (FRS 102), |
which have been applied consistently throughout the current year. |
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There were no material adjustments on adoption of FRS102 that required restatement of the prior year |
adjustments. |
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Energyband Limited meets the definition of a qualifying entity under FRS 102 and has therefore taken |
advantage of the disclosure exemptions available. Exemptions have been taken in relation to financial |
instruments, presentation of a cash flow statement and intra-group transactions. |
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Going concern |
The directors have a reasonable expectation that the company and the group have adequate resources to |
continue in operational existence for the forseeable future. Thus they continue to adopt the going concern |
basis in preparing financial statements. |
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Related party exemption |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 |
'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related |
party transactions with wholly owned subsidiaries within the group. |
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Taxation |
Current tax, including UK corporation tax and foreign tax, is provided at amounts expected to be paid (or |
recovered) 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 |
statement of financial position 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. |
ENERGYBAND LIMITED (REGISTERED NUMBER: 05884509) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 30 April 2017 |
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3. | ACCOUNTING POLICIES - continued |
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Turnover |
Turnover comprises income in relation to the sale of properties and is recognised on the point of |
completion and originated in the United Kingdom. |
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Rental income |
Rental income is measured at the fair value of the consideration received or receivable on an accruals |
basis and is stated net of discounts and VAT. |
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Short term debtors and creditors |
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses |
arising from impairment are recognised in the profit and loss. |
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4. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
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The Report of the Auditors was unqualified. |
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for and on behalf of
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5. | ULTIMATE CONTROLLING PARTY |
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The ultimate controlling party is Prime London Residential Limited by virtue of its ownership of the entire |
issued share capital. |
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The smallest and largest group in which the results of the company will be consolidated is Prime London |
Residential Limited whose accounts will be obtainable from 59-60 Grosvenor Street, Mayfair, London, |
W1K 3HZ. |
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6. | TRANSITION TO FRS 102 |
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This is the first year that the Company has presented its financial statements under Financial Reporting |
Standard 102 (FRS 102) issued by the Financial Reporting Council. The last financial statements under |
previous UK GAAP were for the period ended 30 April 2016 and the date of transition to FRS 102 was |
therefore 1 May 2015 and is reflected in the comparatives. |
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No transitional adjustments were required in equity reported or profit or loss for the previous financial |
year. |