UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM 8-K

CURRENT REPORT
 
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
 
Date of Report (Date of earliest event reported) November 22, 2013

PACIFIC GREEN TECHNOLOGIES INC .
(Exact name of registrant as specified in its charter)
 
Delaware
000-54756
n/a
(State or other jurisdiction of
incorporation)
(Commission File Number)
(IRS Employer
Identification No.)

5205 Prospect Road, Suite 135-226, San Jose, CA
95129
(Address of principal executive offices)
(Zip Code)

Registrant’s telephone number, including area code (408) 538-3373
 
 
(Former name or former address, if changed since last report.)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
o  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 
 
 
 
ITEM 7.01   Regulation FD Disclosure.

We Have Assumed a 40% Interest in Peterborough Renewable Energy Limited

Pursuant to the terms of a debt settlement agreement dated May 17, 2013 among our company, EnviroTechnologies Inc. and EnviroResolutions Inc., our company announced on November 22, 2013 that our company was transferred a 40% shareholding in Peterborough Renewable Energy Limited (“ PREL ”) by Green Energy Parks Limited (“ GEPL ”) (who had prior to this transfer held all the issued and outstanding shares of PREL).  PREL is a limited liability company incorporated under the laws of the United Kingdom.

PREL was incorporated by GEPL to develop a 79MWe waste to energy power station at Peterborough, United Kingdom (the “ Peterborough Plant ”).  The Peterborough Plant has full planning permission at 79MWe and environmental agency permits.  It is understood that the Peterborough Plant will be built in two stages at a total capital cost of approximately £500 million.  As of this date, PREL owns 20% of Energy Park Investments Limited (“ EPIL ”), the holding company that is currently intended to finance the development of the Peterborough Plant in turn through its wholly owned operating subsidiary Energy Park Peterborough Limited.

The last audited accounts for PREL indicate that it was not currently trading and had negative net assets of £624,683 as at December 31, 2012.  Further information on PREL will be provided when it becomes available.  PREL is a limited liability company and the transfer does not convey any contractual liabilities or commitments directly to us.

Commenting on our shareholding in PREL, Dr. Neil Carmichael said: “The Peterborough Plant is a highly significant waste to energy project in the United Kingdom and it is pleasing that the company should again be part of the future of renewable energy promotion and provision.  We are clarifying certain aspects of the share transfer in order to secure and promote the company’s interest further and will make further information available to shareholders and the market in due course”.

Item 9.01
Financial Statements and Exhibits
 
4.1 Share Certificate Relating To   Shares Held By Pacific Green Technologies Inc. In the Ordinary Share Capital Of Peterborough Renewable Energy Limited
10.1
Debt Settlement Agreement dated May 17, 2013 between our company, EnviroResolutions, Inc. and EnviroTechnologies, Inc. (incorporated by reference to our Current Report on Form 8-K/A filed on June 3, 2013).
99.1
Peterborough Renewable Energy Limited: The Directors' Report And Financial Statements For The Period Ended 31 December 2012

SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

PACIFIC GREEN TECHNOLOGIES INC.
 
   
/s/ Neil Carmichael  
Neil Carmichael
 
President and Director
 
   
Date:  December 12, 2013
 
 
 

Exhibit  4.1
Exhibit 99.1
 
Company Registration No. 04537833 (England and Wales)
 
 
 
 
 
 
 
PETERBOROUGH RENEWABLE ENERGY LIMITED
 
DIRECTORS' REPORT AND FINANCIAL STATEMENTS
 
FOR THE PERIOD ENDED 31 DECEMBER 2012
 
 
 
 
 
 
 
BUSINESS & TAX ADVISERS
RAWLINSONS
CHARTERED ACCOUNTANTS

 
 
 
 
PETERBOROUGH RENEWABLE ENERGY LIMITED
 
COMPANY INFORMATION
Directors
M Cereste
 
C Williams
 
J Dickie
 
R Chapman
M D'Andrea
T R Bailey
 
Secretary
Mrs R Evans
 
Company number
04537833
 
Registered office
Ruthlyn House
90 Lincoln Road
Peterborough
Cambridgeshire
PE1 2SP
   
Accountants
Rawlinsons
 
Ruthlyn House
90 Lincoln Road
Peterborough
Cambridgeshire
PE1 2SP
   
Business address
The Eco Innovation Centre
 
Peters Court
  City Road
 
Peterborough
 
PE1 1SA
   
Bankers
HSBC
 
23 New Conduit Street
The Vancouver Centre
Kings Lynn
 
PE30 1DL

 
 
 
 
PETERBOROUGH RENEWABLE ENERGY LIMITED
 
CONTENTS
 
   
Page
     
Directors' report
  1 - 2
     
Accountants' report
  3
     
Profit and loss account
  4
     
Balance sheet
  5 - 6
     
Notes to the financial statements   7-14
 
 
 
 
 
PETERBOROUGH RENEWABLE ENERGY LIMITED
 
DIRECTORS' REPORT
FOR THE PERIOD ENDED 31 DECEMBER 2012
 
The directors present their report and financial statements for the period ended 31 December 2012.
 
Principal activities
The principal activity of the company (PREL) continues to be the development of an energy park on the outskirts of Peterborough. The park will consist of a waste recycling and green power plant, which together will potentially eliminate the need for landfill sites in the area, KNM Group Berhad (KNM), a Malaysian public company quoted on the Malaysian Stock Exchange, has been appointed as the Engineering,Procurement and Construction (EPC) contractor. KNM also have an 80% equity interest in the energy park project.
 
Review of the business and potential future events
As explained last year, KNM obtained an 80% equity interest in the energy park in exchange for the obligation to raise all of the finance required for the building of the park. The raising of this finance is proving more difficult and taking longer than expected, and it is not certain that KNM will ultimately be successful. In the meantime we continue to work with KNM to support their fund raising efforts. The land on which the energy park will be built was acquired by KNM during 2012.
 
In November 2012 PREL was the unwelcome subject of a High Court injunction freezing its assets. The injunction was obtained by EnviroResolutions Incorporated (Enviro) in pursuing a claim in relation to a contract with PREL dated 5 October 2011, for the supply of its wet scrubbing emission control system to the energy park. Whilst we were successful in the High Court in December 2012 in having the injunction removed, on 5 March 2013 we agreed a settlement to the claim. Under this settlement, we agreed to transfer 7.5% of our 20% equity interest in the energy park project to Enviro, and to pay Enviro 17.5% of any income received from KNM in relation to the project development, up to a maximum cash payment of US dollars 14 million (about £8.75m). In addition, and potentially partially offsetting these costs, Green Energy Parks Ltd (GEP) was appointed as Enviro's agent and will receive 17.5% of any income received by Enviro from the energy park project, or any other project introduced by GEP.
 
The Enviro claim against PREL was also linked with a consultancy agreement with Green Energy Parks Consulting Ltd (GEPC), and this agreement was amended on 5 March 2013 by means of a supplemental agreement. This new agreement, whilst still profitable to GEPC, was on worse terms than the original and resulted in the write off of consultancy fees of £192,000. Because the claim was against PREL this write off has been charged in the PREL financial statements, where it is shown as an extraordinary item and described as contract damages.
 
Directors
The following directors have held office since 1 October 2011:
 
M Cereste
C Williams
J Dickie
R Chapman
M D'Andrea
T R Bailey
 
 
- 1 -
 
 
PETERBOROUGH RENEWABLE ENERGY LIMITED
 
DIRECTORS' REPORT (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2012
 
Charitable donations
 
2012
   
2011
 
    £     £  
During the period the company made the following payments:
               
Charitable donations
    12,869       120  
 
During the period charitiable donations were made to the following:-
 
Heal UK -registered charity No. 1013340 £1,260
 
East Anglian Air Ambulance - registered charity No.1083876 £3,350
 
Peterborough United Foundation - registered charity No 1132364 £3,350
 
East Anglian Childrens Hospice - registered charity No.1069284 £3,350
 
All other charitable donations were less than £600.
 
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). 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 then 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.
 
This 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
 
M Cereste
Director
25 September 2013
 
 
- 2 -
 
 
PETERBOROUGH RENEWABLE ENERGY LIMITED
 
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2012

In accordance with the engagement letter dated 14 January 2010, and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of Peterborough Renewable Energy Limited for the period ended 31 December 2012, set out on pages 4 to 14 from the accounting records and information and explanations you have given to us.
 
This report is made solely to the Board of Directors of Peterborough Renewable Energy Limited, as a body, in accordance with the terms of our engagement letter dated 14 January 2010.
 
Our work has been undertaken solely to prepare for your approval the financial statements of Peterborough Renewable Energy Limited and state those matters that we have agreed to state to the Board of Directors of Peterborough Renewable Energy Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation . To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Peterborough Renewable Energy Limited and its Board of Directors as a body, for our work or for this report.
 
It is your duty to ensure that Peterborough Renewable Energy Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Peterborough Renewable Energy Limited. You consider that Peterborough Renewable Energy Limited is exempt from the statutory audit requirement for the period.
 
We have not been instructed to carry out an audit or a review of the financial statements of Peterborough Renewable Energy Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
 
/s/ Rawlinsons    
Rawlinsons
 
25 September 2013
 
Chartered Accountants
 
Ruthlyn House
90 Lincoln Road
Peterborough
Cambridgeshire
PE1 2SP

 
- 3 -
 
 
PETERBOROUGH RENEWABLE ENERGY LIMITED
 
PROFIT AND LOSS ACCOUNT
FOR THE PERIOD ENDED 31 DECEMBER 2012
 
         
Period
ended
   
Year
ended
 
         
31 December
    30 September  
          2012     2011  
   
Notes
    £     £  
Turnover
          372,673       38,399  
Cost of sales
          (101,079 )     (1,097,212 )
Gross profit/(loss)
          271,594       (1,058,813 )
Administrative expenses
          (775,636 )     (550,339 )
Other operating income
          -       450  
Operating loss
  3       (504,042 )     (1,608,702 )
Other interest receivable and similar income
  4       -       2,203  
Interest payable and similar charges
          (1 )     -  
Loss on ordinary activities before taxation
          (504,043 )     (1,606,499 )
Tax on loss on ordinary activities
  5       53,503       117,969  
Loss on ordinary activities after taxation
          (450,540 )     (1,488,530 )
Extraordinary items
  6       (192,000 )     -  
Loss for the period
  12       (642,540 )     (1,488,530 )

 
 
- 4 -
 
 
PETERBOROUGH RENEWABLE ENERGY LIMITED
 
BALANCE SHEET
AS AT 31 DECEMBER 2012

          2012     2011  
Fixed assets
 
Notes
    £     £     £     £  
Tangible assets
  7               3,785               8,668  
Investments
  8               200               951  
                    3,985               9,619  
Current assets
                                     
Stocks
          2,622,686               1,941,538          
Debtors
  9       123,951               262,994          
Cash at bank and in hand
  9       645               23,816          
            2,747,282               2,228,348          
                                       
Creditors: amounts falling due within one year
  10       (3,375,950 )             (2,220,110 )        
                                       
Net current (liabilities)lassets
                  (628,668 )             8,238  
Total assets less current liabilities
                  (624,683 )             17,857  
                                       
Capital and reserves
                                     
Called up share capital
  11               1,515               1,515  
Share premium account
  12               1,399,735               1,399,735  
Profit and loss account
  12               (2,025,933 )             (1,383,393 )
Shareholders' funds
                  (624,683 )             17,857  

 
- 5 -
 
 
PETERBOROUGH RENEWABLE ENERGY LIMITED
 
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2012
 
For the financial period ended 31 December 2012 the company was entitled to exemption from audit under section 477 of the Companies Act 2006. No member of the company has deposited a notice, pursuant to section 476, requiring an audit of these financial statements under the requirements of the Companies Act 2006.
 
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 of the Act 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 or 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 accounts, so far as applicable to the company.
 
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and with the Financial Reporting Standard for Smaller Entities (effective April 2008).
 
Approved by the Board for issue on 25 September 2013
 
M Cereste
Director
 
Company Registration No. 04537833
 
 
- 6 -
 
 
PETERBOROUGH RENEWABLE ENERGY LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2012
 
1    Accounting policies
 
1.1 Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
 
The company is dependent on the continued support of the company's parent company. Continuing finance is required both to enable the company to meet its liabilities as they fall due and to continue operating without immediate realisation of all its assets
 
The directors believe that continuing finance will be available and that it is therefore appropriate to prepare accounts on a going concern basis. However, should continuing finance not be available, the going concern basis would be invalid and adjustment would have to be made to reduce the value of the assets to their realisable amounts, to provide for any further liabilities which might arise and to reclassify fixed assets and long term liabilities as current assets and liabilities.
 
1.2 Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
 
1.3 Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
 
1.4 Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
 
Fixtures, fittings and equipment
20% on cost
 
1.5 Investments
Fixed asset investments are stated at cost less provision for diminution in value.
 
1.6 Stock and work in progress
Stock is valued at the lower of cost and net realisable value. Work in progress consists of costs incurred with regard to the development of Energy Park Peterborough. The carrying value of the work in progress is therefore conditional upon the necessary finance being obtained for these projects to proceed. The directors are of the opinion the funding will be obtained and therefore it is appropriate to carry forward these costs as work in progress.
 
1.7 Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
 
1.8 Group accounts
The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.
 
 
- 7 -
 
 
PETERBOROUGH RENEWABLE ENERGY LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS ( CONTINUED )
FOR THE PERIOD ENDED 31 DECEMBER 2012
 
2    Review of the business and potential future events
 
There is nothing further to add to the comments set out in the Directors' Report on page 1 and 2.
 
3    Operating loss
  2012       2011  
    £       £  
Operating loss is stated after charging:
   
 
     
 
 
Depreciation of tangible assets
    4,883       4,364  
Directors' remuneration
    45,000       24,032  
 
4    Investment Income
  2012       2011  
    £       £  
 
   
 
     
 
 
Other Interest
    -       1,665  
Bank Interest
    -           2,203  
 
5    Taxation
  2012       2011  
    £       £  
Domestic current year tax
   
 
     
 
 
U.K. corporation tax
    -       (117,969 )
Tax credits on research and development - PAYE
    (53,503 )     -  
     Total current tax     (53,503 )     (117,969 )
 
The company has estimated losses of £ 1,510,728 (2011 - £ 1,430,873) available for carry forward against future trading profits.
 
No provision has been made for deferred taxation
 
6    Extraordinary items
 
2012
   
2011
 
    £       £  
Contract damages
    192,000       -  
 
 
- 8 -
 
 
PETERBOROUGH RENEWABLE ENERGY LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS ( CONTINUED )
FOR THE PERIOD ENDED 31 DECEMBER 2012
 
7    Tangible fixed assets
 
Fixtures,
 fittings and
 equipment
 
      £  
Cost
       
At 1 October 2011 and at 31 December 2012
    22,723  
         
Depreciation
       
At 1 October 2011
    14,055  
Charge for the period
    4,883  
         
At 31 December 2012
    18,938  
         
Net book value
       
At 31 December 2012
    3,785  
         
At 30 September 2011
    8,668  
 
 
- 9 -
 
 
PETERBOROUGH RENEWABLE ENERGY LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS ( CONTINUED )
FOR THE PERIOD ENDED 31 DECEMBER 2012
 
8    Fixed asset investments
 
Unlisted
investments
 
    £  
Cost
     
At 1 October 2011
    951  
Disposals
    (751 )
         
At 31 December 2012
    200  
         
Net book value
       
At 31 December 2012
    200  
At 30 September 2011
    951  
 
Holdings of more than 20%
The company holds more than 20% of the share capital of the following companies:
 
Company    
Country of  registration or
incorporation
  Shares held 2011  
      Class       %  
Participating interests
               
Energy Park Investments Limited
England
    Ordinary      
20.00
 
 
The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:
 
 
   
Capital and
reserves
 
Profit/(loss)
for the year
 
      2012       2012  
 
Principal activity
  £       £  
Energy Park Investments Limited
Development of Energy Park
   
(13
)    
(1,013
)
 
Energy Park Investments Limited (EPIL) is a 20% (2011 90%) owned subsidiary of Peterborough Renewable Energy Limited.
 
Energy Park Peterborough Limited (EPPL) is a wholly owned subsidiary of Energy Park Investments Limited (EPIL).
 
 
- 10 -
 
 
PETERBOROUGH RENEWABLE ENERGY LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS ( CONTINUED )
FOR THE PERIOD ENDED 31 DECEMBER 2012
 
9    Debtors
    2012       2011  
      £       £  
Trade debtors
    12,770       53,569  
Amounts owed by group undertakings and undertakings in which the company has a participating interest
    34,620          
Other debtors
    7,259       6,134  
Taxation and social security - VAT refund
    15,799       85,125  
Taxation and social security - corporation tax refund
    53,503       118,166  
      123,951       262,994  
 
10  Creditors: amounts falling due within one year
 
2012
   
2011
 
      £       £  
Bank loans and overdrafts
    130,300          
Trade creditors
    100,172       97,464  
Amounts owed to group undertakings and undertakings in which the
               
company has a participating interest
    2,941,308       2,057,892  
Other creditors
    204,170       64,754  
      3,375,950       2,220,110  
 
11  Share capital
 
2012
   
2011
 
    £       £  
Allotted, called up and fully paid
             
1,515 Ordinary shares of £ 1 each
    1,515       1,515  
 
12  Statement of movements on reserves
 
Share
premium
account
   
Profit and
loss
account
 
    £       £  
Balance at 1 October 2011
    1,399,735       (1,383,393 )
Loss for the period
    -       (642,540 )
Balance at 31 December 2012
    1,399,735       (2,025,933 )
 
 
- 11 -
 
 
PETERBOROUGH RENEWABLE ENERGY LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2012
13 Control
 
The immediate and ultimate parent company is Green Energy Parks Limited, who owns 100% of the issued share capital and is a company registered in England and Wales.

 
- 12 -
 
 
PETERBOROUGH RENEWABLE ENERGY LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS ( CONTINUED )
FOR THE PERIOD ENDED 31 DECEMBER 2012
14 Related party relationships and transactions with director's Other transactions
 
Peterborough Renewable Energy Limited has made sales and purchases to and from related undertakings and directors during the period as follows:
 
   
Sales
£
   
Purchases
£
 
J Dickie (director) - professional fees
          61,472  
R Chapman (director) - consultancy fees
          22,000  
M D'Andrea (director) - consultancy fees
          3,518  
T Bailey (director) - professional fees
    -       37,172  
C Williams (director)- consultancy fees
    -       3,645  
Cambs TDK - C Williams (director)
            76,338  
Cereste Consultancy Limited - M Cereste (director) - consultancy fees
            40,230  
Global Doors (UK) Limited - M D'Andrea (director)
            3,280  
St Joseph's Day Nursery Limited - M Cereste (director) consultancy fees
    -       11,000  
Premier Finishing Services Limited - M Cereste (director) - bookkeeping services
            3,272  
Alto Trading Corporation - M D'Andrea (director) consultancy fees
            31,620  
Alto Trading Corporation - M D'Andrea (director) recharged expenses
    78          
Energy Park Peterborough Limited
    90,450          
KNM Project Services Limited
    4,920          
      95,448       293,547  
 
During the period the company made a loan of £3,600 to Food Recycling Group Limited which was written off  in full during the period. Food Recycling Group Limited is a 100% owned company of Green Energy Parks Limited, who owns 100% of Peterborough Renewable Energy Limited.
 
The company has also written off a debtor balance of £8,512 from Alto Trading Corporation (M D'Andrea) during the period.
 
The company owns 20% (2011 90%) of Energy Park Investments Limited (EPIL). Energy Park Peterborough Limited is a 100% owned subsidiary of Energy Park Investments Limited. During the year the company has written off a debtor balance of £75,000 from Energy Park Peterborough Limited.
 
KNM Project Services Limited owns 80% of Energy Park Investments Limited (EPIL)
 
As at 31 December 2012, Peterborough Renewable Energy Limited owed or was owed the following amounts  by related undertakings and directors:
 
   
Debtors
 
      £  
Energy Park Peterborough Limited 
    15,450  
 
 
- 13 -
 
 
PETERBOROUGH RENEWABLE ENERGY LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2012
14 Related party relationships and transactions (continued)
 
 
   
Creditors
 
      £  
Alto Trading Corporation - M D'Andrea
    6,000  
Cereste Consultancy Limited
    10,055  
R Chapman (director)
    5,000  
      21,055  
 
The company has taken advantage of the exemption available in accordance with FRS 8 'Related party disclosures' not to disclose transactions entered into between two or more members of a group, as the company is a wholly owned subsidiary of the holding company which is party to the transactions.
 
- 14 -