REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2020 |
|
FOR |
|
POPULO ENERGY LIMITED |
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2020 |
|
FOR |
|
POPULO ENERGY LIMITED |
POPULO ENERGY LIMITED (REGISTERED NUMBER: 10264378) |
|
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 SEPTEMBER 2020 |
|
|
|
|
|
|
|
|
|
|
Page |
|
Company Information | 1 |
|
Balance Sheet | 2 |
|
Notes to the Financial Statements | 4 |
|
POPULO ENERGY LIMITED |
|
COMPANY INFORMATION |
FOR THE YEAR ENDED 30 SEPTEMBER 2020 |
|
|
|
|
|
|
|
DIRECTORS: |
|
|
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
POPULO ENERGY LIMITED (REGISTERED NUMBER: 10264378) |
|
BALANCE SHEET |
30 SEPTEMBER 2020 |
|
30/9/20 | 30/9/19 |
Notes | £ | £ |
FIXED ASSETS |
Investments | 4 |
|
|
|
CURRENT ASSETS |
Debtors | 5 |
|
|
Cash at bank |
|
|
|
|
CREDITORS |
Amounts falling due within one year | 6 | ( |
) | ( |
) |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
|
|
CAPITAL AND RESERVES |
Called up share capital | 7 |
|
|
Retained earnings | 8 |
|
|
SHAREHOLDERS' FUNDS |
|
|
|
|
|
|
|
The directors acknowledge their responsibilities for: |
(a) | 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. |
POPULO ENERGY LIMITED (REGISTERED NUMBER: 10264378) |
|
BALANCE SHEET - continued |
30 SEPTEMBER 2020 |
|
|
|
|
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
|
The financial statements were approved by the Board of Directors and authorised for issue on
|
|
|
|
|
|
|
|
POPULO ENERGY LIMITED (REGISTERED NUMBER: 10264378) |
|
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 SEPTEMBER 2020 |
|
|
1. | STATUTORY INFORMATION |
|
Populo Energy Limited is a
|
|
2. | ACCOUNTING POLICIES |
|
Basis of preparing the financial statements |
|
|
Investments in associates |
Investments in associate undertakings are recognised at cost. |
|
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. |
|
Current or deferred taxation assets and liabilities are not discounted. |
|
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. |
|
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
|
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. |
|
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. |
|
Going concern |
The directors have reviewed the performance of the Company during the year as set out in these accounts and, after taking account of possible changes that can reasonable be envisaged in trading performance, have considered the cash flow forecasts and future liquidity requirements of the company. |
|
Having regard to the above and after making enquires the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for at least 12 months from the date of signing the accounts. Accordingly, they continue to adopt the going concern basis in preparing the annual report and accounts. |
POPULO ENERGY LIMITED (REGISTERED NUMBER: 10264378) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 SEPTEMBER 2020 |
|
|
3. | EMPLOYEES AND DIRECTORS |
|
The average number of employees during the year was NIL (2019 - NIL). |
|
4. | FIXED ASSET INVESTMENTS |
|
30/9/20 | 30/9/19 |
£ | £ |
Participating interests |
|
|
Loans to undertakings in which the
company has a participating interest |
|
|
|
|
|
Additional information is as follows: |
Interest in |
associate |
£ |
COST |
At 1 October 2019 |
and 30 September 2020 |
|
NET BOOK VALUE |
At 30 September 2020 |
|
At 30 September 2019 |
|
Loans to |
associates |
£ |
At 1 October 2019 |
and 30 September 2020 |
|
|
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30/9/20 | 30/9/19 |
£ | £ |
Deferred tax asset |
|
|
Accrued income |
|
|
|
|
POPULO ENERGY LIMITED (REGISTERED NUMBER: 10264378) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 SEPTEMBER 2020 |
|
|
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30/9/20 | 30/9/19 |
£ | £ |
Amounts owed to group undertakings |
|
|
Other creditors |
|
|
Loan | - | 6,250,000 |
Accrued expenses |
|
|
|
|
|
7. | CALLED UP SHARE CAPITAL |
|
|
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30/9/20 | 30/9/19 |
value: | £ | £ |
|
Ordinary | 1.00 | 3,433,809 | 3,433,809 |
|
8. | RESERVES |
Retained |
earnings |
£ |
|
At 1 October 2019 |
|
Profit for the year |
|
Dividends | ( |
) |
At 30 September 2020 |
|