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REGISTERED NUMBER: SC395082 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

CALLANDER COMMUNITY HYDRO LIMITED

CALLANDER COMMUNITY HYDRO LIMITED (REGISTERED NUMBER: SC395082)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CALLANDER COMMUNITY HYDRO LIMITED

COMPANY INFORMATION
For The Year Ended 31 March 2023







DIRECTORS: Robert Keith Allen
Frank Park
Paul Gordon Prescott
Toby Robert Matthew Kliskey
John Robert Brodie





SECRETARY: Toby Robert Matthew Kliskey





REGISTERED OFFICE: 55
55 Main Street
Callander
FK17 8DY





REGISTERED NUMBER: SC395082 (Scotland)





ACCOUNTANTS: R A Clement Associates
5 Argyll Square
OBAN
Argyll
PA34 4AZ

CALLANDER COMMUNITY HYDRO LIMITED (REGISTERED NUMBER: SC395082)

BALANCE SHEET
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,073,244 1,107,313

CURRENT ASSETS
Debtors 5 87,079 57,480
Cash at bank 243,136 155,998
330,215 213,478
CREDITORS
Amounts falling due within one year 6 217,205 151,387
NET CURRENT ASSETS 113,010 62,091
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,186,254

1,169,404

CREDITORS
Amounts falling due after more than one
year

7

(572,423

)

(697,472

)

PROVISIONS FOR LIABILITIES (87,494 ) (88,624 )

ACCRUALS AND DEFERRED INCOME (50,888 ) (52,584 )
NET ASSETS 475,449 330,724

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 475,447 330,722
SHAREHOLDERS' FUNDS 475,449 330,724

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

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.

CALLANDER COMMUNITY HYDRO LIMITED (REGISTERED NUMBER: SC395082)

BALANCE SHEET - continued
31 March 2023


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

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 27 October 2023 and were signed on its behalf by:





Frank Park - Director


CALLANDER COMMUNITY HYDRO LIMITED (REGISTERED NUMBER: SC395082)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2023

1. STATUTORY INFORMATION

Callander Community Hydro Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - 2.5% on cost
Plant and machinery - 2.5% on cost
Computer equipment - 33% on 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

CALLANDER COMMUNITY HYDRO LIMITED (REGISTERED NUMBER: SC395082)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Long Plant and Computer
leasehold machinery equipment Totals
£    £    £    £   
COST
At 1 April 2022
and 31 March 2023 177,244 1,185,604 573 1,363,421
DEPRECIATION
At 1 April 2022 33,234 222,301 573 256,108
Charge for year 4,430 29,639 - 34,069
At 31 March 2023 37,664 251,940 573 290,177
NET BOOK VALUE
At 31 March 2023 139,580 933,664 - 1,073,244
At 31 March 2022 144,010 963,303 - 1,107,313

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 83,079 53,480
Other debtors 4,000 4,000
87,079 57,480

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 125,746 119,110
Trade creditors 408 260
Taxation and social security 51,580 11,811
Other creditors 39,471 20,206
217,205 151,387

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 572,423 697,472

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 196,508 275,343

CALLANDER COMMUNITY HYDRO LIMITED (REGISTERED NUMBER: SC395082)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2023

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Triodos 698,167 816,583

The bank loans from Triodos Bank NV are secured by a bond, fixed and floating charges over the whole of the property of the company.

9. OTHER FINANCIAL COMMITMENTS

The company has entered into an agreement to rent land for a period of 40 years on which the Hydro Electric scheme is built. The company has agreed to a rent amounting to 4.8% of gross revenue per year over this period. There are 31 years to run on the lease.

10. RELATED PARTY DISCLOSURES

During the year the company donated £445,000 (2022: £148,400) to its parent charity, Callander Community Development Trust.