Relate AccountsProduction v2.4.3 v2.4.3 2020-04-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is to develop and operate a wave energy farm for the generation of electricity. 31 March 2021 0 0 09404079 2020-12-31 09404079 2020-03-31 09404079 2019-03-31 09404079 2020-04-01 2020-12-31 09404079 2019-04-01 2020-03-31 09404079 uk-bus:PrivateLimitedCompanyLtd 2020-04-01 2020-12-31 09404079 uk-bus:FullAccounts 2020-04-01 2020-12-31 09404079 uk-bus:Director1 2020-04-01 2020-12-31 09404079 uk-bus:CompanySecretaryDirector1 2020-04-01 2020-12-31 09404079 uk-bus:CompanySecretary1 2020-04-01 2020-12-31 09404079 uk-bus:RegisteredOffice 2020-04-01 2020-12-31 09404079 uk-bus:Agent1 2020-04-01 2020-12-31 09404079 uk-core:ShareCapital 2020-12-31 09404079 uk-core:ShareCapital 2020-03-31 09404079 uk-core:RetainedEarningsAccumulatedLosses 2020-12-31 09404079 uk-core:RetainedEarningsAccumulatedLosses 2020-03-31 09404079 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2020-12-31 09404079 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2020-03-31 09404079 uk-bus:FRS102 2020-04-01 2020-12-31 09404079 uk-core:IntangibleAssetsOtherThanGoodwill 2020-03-31 09404079 uk-core:IntangibleAssetsOtherThanGoodwill 2020-12-31 09404079 uk-core:CurrentFinancialInstruments 2020-12-31 09404079 uk-core:CurrentFinancialInstruments 2020-03-31 09404079 uk-core:CurrentFinancialInstruments 2020-12-31 09404079 uk-core:CurrentFinancialInstruments 2020-03-31 09404079 uk-core:WithinOneYear 2020-12-31 09404079 uk-core:WithinOneYear 2020-03-31 09404079 uk-core:ParentEntities 2020-04-01 2020-12-31 09404079 uk-core:UltimateParent 2020-04-01 2020-12-31 09404079 uk-countries:Ireland 2020-04-01 2020-12-31 09404079 uk-bus:AuditExempt-NoAccountantsReport 2020-04-01 2020-12-31 xbrli:pure iso4217:GBP xbrli:shares
Company Number: 09404079
 
 
Simply Blue Energy (Wave Hub) Limited
 
Directors' Report and Unaudited Financial Statements
 
for the financial period ended 31 December 2020
Simply Blue Energy (Wave Hub) Limited
DIRECTORS AND OTHER INFORMATION

 
Directors Sam Roch-Perks
Hugh Kelly
 
 
Company Secretary Hugh Kelly
 
 
Company Number 09404079
 
 
Registered Office and Business Address Chi An Lorell Sector 2
Aerohub Business Park
St. Mawgan Newquay
TR8 4RZ
 
 
Accountants Thos. Goodall & Son
Link House
Boreenmanna Road
Cork
Republic of Ireland
 
 
Bankers Bank of Ireland
  PO Box 2386
  Dublin 1
  Ireland



Simply Blue Energy (Wave Hub) Limited
DIRECTORS' REPORT
for the financial period ended 31 December 2020

 
The directors present their report and the unaudited financial statements for the financial period ended 31 December 2020.
 
Principal Activity
The principal activity of the company is to develop and operate a wave energy farm for the generation of electricity.
     
Results and Dividends
The (loss)/profit for the financial period amounted to £(1,003) (Mar 20 - £0.00).
     
Directors
The directors who served during the financial period are as follows:
     
Sam Roch-Perks
Hugh Kelly
   
There were no changes in shareholdings between 31 December 2020 and the date of signing the financial statements.
     
Political Contributions
The company did not make any disclosable political donations in the current financial period.
     
Statement of Directors' Responsibilities
     
The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.
     
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law) including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A (Small Entities). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period.

In preparing these financial statements, the directors are required to:
- select suitable accounting policies and apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
     
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
     
Special provisions relating to small companies
The above report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
     
     
On behalf of the board
     
     
___________________________
Sam Roch-Perks
Director
     
31 March 2021



Simply Blue Energy (Wave Hub) Limited
PROFIT AND LOSS ACCOUNT
for the financial period ended 31 December 2020
Dec 20 Mar 20
Notes £ £

 
Administrative expenses (1,003) -
───────── ─────────
(Loss)/profit before taxation (1,003) -
 
Tax on (loss)/profit - -
───────── ─────────
(Loss)/profit for the financial period (1,003) -
───────── ─────────
Total comprehensive income (1,003) -
    ═════════   ═════════



Simply Blue Energy (Wave Hub) Limited
Company Number: 09404079
BALANCE SHEET
as at 31 December 2020

Dec 20 Mar 20
Notes £ £
 
Current Assets
Debtors 7 11,984 12,464
Cash and cash equivalents 983 506
───────── ─────────
12,967 12,970
───────── ─────────
Creditors: Amounts falling due within one year 8 (140,763) (139,763)
───────── ─────────
Net Current Liabilities (127,796) (126,793)
───────── ─────────
Total Assets less Current Liabilities (127,796) (126,793)
═════════ ═════════
 
Capital and Reserves
Called up share capital 1 1
Profit and Loss Account (127,797) (126,794)
───────── ─────────
Equity attributable to owners of the company (127,796) (126,793)
═════════ ═════════
 
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).
           
For the financial period ended 31 December 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial period in question in accordance with section 476 of the Companies Act 2006.
           
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial period and of its profit and loss for the financial period 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.
           
Approved by the Board and authorised for issue on 31 March 2021 and signed on its behalf by
           
           
________________________________          
Sam Roch-Perks          
Director          
           



Simply Blue Energy (Wave Hub) Limited
NOTES TO THE FINANCIAL STATEMENTS
for the financial period ended 31 December 2020

   
1. GENERAL INFORMATION
 
Simply Blue Energy (Wave Hub) Limited is a company limited by shares incorporated in the United Kingdom. Chi An Lorell Sector 2, Aerohub Business Park, St. Mawgan Newquay, TR8 4RZ is the registered office, which is also the principal place of business of the company. The nature of the company’s operations and its principal activities are set out in the Directors' Report. The financial statements have been presented in Pound Sterling (£) which is also the functional currency of the company.
         
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 31 December 2020 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial period and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.
 
Licences
Licences are valued at cost less accumulated amortisation.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
   
3. PERIOD OF FINANCIAL STATEMENTS
 
The financial statements are for the 9 month period ended 31 December 2020.
   
4. GOING CONCERN
 
The financial statements have been prepared on the going concern basis. The directors believe this is appropriate for the following reasons:
- The company continues to enjoy the support of other group companies, its parent company and the ultimate controlling party.
       
5. EMPLOYEES
 
The average monthly number of employees, including directors, during the financial period was 0, (Mar 20 - 0).
       
6. INTANGIBLE FIXED ASSETS
  Licences  
    Total
  £ £
Cost
At 1 April 2020 50,000 50,000
  ───────── ─────────
 
At 31 December 2020 50,000 50,000
  ───────── ─────────
Amortisation
 
At 31 December 2020 50,000 50,000
  ───────── ─────────
Net book value
At 31 December 2020 - -
  ═════════ ═════════
       
7. DEBTORS Dec 20 Mar 20
  £ £
 
Amounts owed by group companies 1 1
Taxation  (Note 9) 11,983 12,463
  ───────── ─────────
  11,984 12,464
  ═════════ ═════════
       
8. CREDITORS Dec 20 Mar 20
Amounts falling due within one year £ £
 
Amounts owed to group companies 138,123 138,123
Accruals 2,640 1,640
  ───────── ─────────
  140,763 139,763
  ═════════ ═════════
       
9. TAXATION Dec 20 Mar 20
  £ £
 
Debtors:
VAT 11,983 12,463
  ═════════ ═════════
       
10. CAPITAL COMMITMENTS
 
The company had no material capital commitments at the financial period-ended 31 December 2020.
           
11. RELATED PARTY TRANSACTIONS
The company has availed of the exemption under FRS 102 in relation to the disclosure of transactions with group companies.
   
12. PARENT AND ULTIMATE PARENT COMPANY
 
The company regards Simply Blue Horizons Limited as its parent company.
 
The companys ultimate parent undertaking is Simply Blue Holdings Ltd.
 
   
13. CONTROLLING INTEREST
 
Sam Roch-Perks is considered the ultimate controlling party by virtue of his indirect shareholding in Simply Blue Holdings Limited.
   
14. POST-BALANCE SHEET EVENTS
 
There have been no significant events affecting the company since the financial period-end.