Caseware UK (AP4) 2020.0.247 2020.0.247 2020-11-30 2020-11-30 No description of principal activity true 2019-12-01 false 3 2 true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08283531 2019-12-01 2020-11-30 08283531 2018-12-01 2019-11-30 08283531 2020-11-30 08283531 2019-11-30 08283531 c:Director1 2019-12-01 2020-11-30 08283531 d:FurnitureFittings 2019-12-01 2020-11-30 08283531 d:FurnitureFittings 2020-11-30 08283531 d:FurnitureFittings 2019-11-30 08283531 d:FurnitureFittings d:OwnedOrFreeholdAssets 2019-12-01 2020-11-30 08283531 d:OfficeEquipment 2019-12-01 2020-11-30 08283531 d:OfficeEquipment 2020-11-30 08283531 d:OfficeEquipment 2019-11-30 08283531 d:OfficeEquipment d:OwnedOrFreeholdAssets 2019-12-01 2020-11-30 08283531 d:OwnedOrFreeholdAssets 2019-12-01 2020-11-30 08283531 d:CurrentFinancialInstruments 2020-11-30 08283531 d:CurrentFinancialInstruments 2019-11-30 08283531 d:Non-currentFinancialInstruments 2020-11-30 08283531 d:Non-currentFinancialInstruments 2019-11-30 08283531 d:CurrentFinancialInstruments d:WithinOneYear 2020-11-30 08283531 d:CurrentFinancialInstruments d:WithinOneYear 2019-11-30 08283531 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2020-11-30 08283531 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2019-11-30 08283531 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2020-11-30 08283531 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2019-11-30 08283531 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2020-11-30 08283531 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2019-11-30 08283531 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2020-11-30 08283531 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2019-11-30 08283531 c:OrdinaryShareClass1 2019-12-01 2020-11-30 08283531 c:OrdinaryShareClass1 2020-11-30 08283531 c:OrdinaryShareClass1 2019-11-30 08283531 c:OrdinaryShareClass2 2019-12-01 2020-11-30 08283531 c:OrdinaryShareClass2 2020-11-30 08283531 c:OrdinaryShareClass2 2019-11-30 08283531 c:FRS102 2019-12-01 2020-11-30 08283531 c:AuditExempt-NoAccountantsReport 2019-12-01 2020-11-30 08283531 c:FullAccounts 2019-12-01 2020-11-30 08283531 c:PrivateLimitedCompanyLtd 2019-12-01 2020-11-30 08283531 2 2019-12-01 2020-11-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number:  08283531









NEW STREAM RENEWABLES LIMITED

FILLETED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2020







































 
NEW STREAM RENEWABLES LIMITED
REGISTERED NUMBER:  08283531

BALANCE SHEET
AS AT  30 NOVEMBER 2020

2020
2019
£
£

Fixed assets
3,011
3,524

Current assets
840,172
981,732

Creditors: amounts falling due within one year
(354,599 )
(387,806 )

Net current assets
 
 
485,573
 
 
593,926

Total assets less current liabilities
488,584
597,450

Creditors: amounts falling due after more than one year
(48,333 )
-

Provisions for liabilities

Deferred taxation
(572 )
-

 
 
(572 )
 
 
-

Net assets
439,679
597,450


Capital and reserves
439,679
597,450


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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  financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by : 


Charles Peter Ward
Director
Date:  31 August 2021

Page 1

 
NEW STREAM RENEWABLES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2020

General information

New Stream Renewables Ltd is a private limited company incorporated in England & Wales. The principal activities of the company is trading within renewable energy markets. The registered office address and registered number can be found on the Company Information page.

2. Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of  Financial Reporting Standard 102, the Financial Reporting Standard applicable in  the UK and the Republic of Ireland and the Companies Act 2006 .

The following principal accounting policies have been applied:

2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Page 2

 
NEW STREAM RENEWABLES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2020

2. Accounting policies (continued)

2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

2.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Income and Retained Earnings in the same period as the related expenditure.

2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
NEW STREAM RENEWABLES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2020

2. Accounting policies (continued)

2.7

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

2.8

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

2.9

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

2.10

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
NEW STREAM RENEWABLES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2020

2. Accounting policies (continued)

Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
Office equipment
-
25 %

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.11

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.13

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.14

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the Balance Sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance Sheet.

2.15

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
Page 5

 
NEW STREAM RENEWABLES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2020

2. Accounting policies (continued)

Financial instruments (continued)


Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

2.16

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

The average monthly number of employees, including directors, during the year was  3  (2019 -  2 ) .

Page 6

 
NEW STREAM RENEWABLES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2020




Office equipment
Total

£
£
£



Cost or valuation


At 1 December 2019
873
6,871
7,744


Additions
-
399
399



At 30 November 2020

873
7,270
8,143



Depreciation


At 1 December 2019
164
4,056
4,220


Charge for the year on owned assets
106
806
912



At 30 November 2020

270
4,862
5,132



Net book value



At 30 November 2020
603
2,408
3,011



At 30 November 2019
709
2,815
3,524

2020
2019
£
£

Bank overdrafts
-
4,899

Bounce back loan
1,667
-

Trade creditors
29,799
12,789

Corporation tax
96,512
105,960

Other taxation and social security
31,931
92,812

Other creditors
192,040
168,796

Accruals and deferred income
2,650
2,550

354,599
387,806


Page 7

 
NEW STREAM RENEWABLES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2020
2020
2019
£
£

Bounce back loan
48,333
-

48,333
-




2020
2019
£
£

Amounts falling due within one year

Bounce back loan
1,667
-


1,667
-

Amounts falling due 1-2 years

Bounce back loan
10,000
-


10,000
-

Amounts falling due 2-5 years

Bounce back loan
30,000
-


30,000
-

Amounts falling due after more than 5 years

Bounce back loan
8,333
-

8,333
-

50,000
-


Page 8

 
NEW STREAM RENEWABLES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2020
2020
2019
£
£


Financial assets measured at fair value through profit or loss
30,976
111,725



Financial assets measured at fair value through profit or loss comprise of cash at bank and bank overdrafts.

Page 9

 
NEW STREAM RENEWABLES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2020
2020
2019
£
£
Allotted, called up and fully paid



200
100
10  (2019 -  10 )   Ordinary B  shares of £ 1.00  each
10
10

210

110


During the year, the Company issued 100 Ordinary A shares at a value of £1 per share.  


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £1,352 (2019 - £Nil) . Contributions totalling £Nil (2019 - £Nil) were payable to the fund at the balance sheet date and are included in creditors.

Page 10