Company Registration No. 09385371 (England and Wales)
YORKSHIRE GAS AND POWER LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2019
PAGES FOR FILING WITH REGISTRAR
YORKSHIRE GAS AND POWER LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
YORKSHIRE GAS AND POWER LIMITED
BALANCE SHEET
AS AT
31 MARCH 2019
31 March 2019
- 1 -
2019
2018
Notes
£
£
£
£
Fixed assets
Investments
2
2,803,000
2,803,000
Current assets
Debtors
3
2,200,100
2,200,100
Creditors: amounts falling due within one year
4
(2,046,193)
(2,023,018)
Net current assets
153,907
177,082
Total assets less current liabilities
2,956,907
2,980,082
Capital and reserves
Called up share capital
5
100
100
Profit and loss reserves
2,956,807
2,979,982
Total equity
2,956,907
2,980,082
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 2019 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 17 December 2019 and are signed on its behalf by:
R Raichura
Director
Company Registration No. 09385371
YORKSHIRE GAS AND POWER LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2019
- 2 -
1
Accounting policies
Company information
Yorkshire Gas and Power Limited is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
4305 Park Approach, Leeds, LS15 8GB.
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. The principal accounting policies adopted are set out below.
The company has taken advantage of the exemption under section
399
of the
Companies Act 2006 not to prepare consolidated accounts
, on the basis that the group of which this is the parent qualifies as a small group
. The financial statements present information about the company as an individual entity and not about its group
.
1.2
Fixed asset investments
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses.
The investments are assessed for impairment at each reporting date
and
any
impairment
losses or reversals of impairment losses are recognised immediately in profit or loss.
A subsidiary is an entity controlled by the company
. Control is
the power to govern the financial and operating policies of
the
entity so as to obtain benefits from its activities.
1.3
Cash at bank and in hand
Cash at bank and in hand
are basic financial assets
and
include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.4
Financial instruments
Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.
Classification of financial liabilities
Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest method. Loans and borrowings that are receivable within one year are not discounted. If an arrangement constitutes a finance transaction it is measured at present value of future payments discounted at a market rate of interest for a similar loan.
YORKSHIRE GAS AND POWER LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2019
- 3 -
2
Fixed asset investments
2019
2018
£
£
Investments
2,803,000
2,803,000
Movements in fixed asset investments
Shares in group undertakings
£
Cost or valuation
At 1 April 2018 & 31 March 2019
2,803,000
Carrying amount
At 31 March 2019
2,803,000
At 31 March 2018
2,803,000
3
Debtors
2019
2018
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
2,200,000
2,200,000
Other debtors
100
100
2,200,100
2,200,100
4
Creditors: amounts falling due within one year
2019
2018
£
£
Amounts owed to group undertakings
1,510,233
1,510,233
Other creditors
535,960
512,785
2,046,193
2,023,018
5
Called up share capital
2019
2018
£
£
Ordinary share capital
Issued and fully paid
9,509 A Ordinary of 1p each
95
95
501 B Ordinary of 1p each
5
5
100
100
YORKSHIRE GAS AND POWER LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2019
5
Called up share capital
(Continued)
- 4 -
6
Related party transactions
All transactions that took place were on normal commercial terms and on an arms length basis and therefore no further disclosure is required by FRS102 Section 1A.