Registered number
NI637620
ReEnPro Ltd
Report and Unaudited Accounts
31 March 2023
ReEnPro Ltd
Company Information
Directors
Steffen Schmidt
Barry Corcoran - appointed on 25 July 2023
Ian Greer - appointed on 25 July 2023
Accountants
Tyrone Accountancy Services
8-10 Church Street
Omagh
Co. Tyrone
BT78 1DG
Bankers
Bank of Ireland
4-8 High Street
Belfast
Country Antrim
BT1 2BA
Solicitors
Mills Selig Solicitors
21 Arthur Street
Belfast
Country Antrim
BT1 4GA
Registered office
21 Arthur Street
Belfast
Country Antrim
BT1 4GA
Registered number
NI637620
ReEnPro Ltd
Registered number: NI637620
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 609,708 943,329
Current assets
Debtors 4 396,716 419,337
Cash at bank and in hand 761,768 193,304
1,158,484 612,641
Creditors: amounts falling due within one year 5 (2,369,507) (2,267,239)
Net current liabilities (1,211,023) (1,654,598)
Net liabilities (601,315) (711,269)
Capital and reserves
Called up, issued and fully paid share capital 2,000 2,000
Profit and loss account (603,315) (713,269)
Shareholders' funds 8 (601,315) (711,269)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime.
The profit and loss account has not been delivered to the Registrar of Companies under section 444 of the Companies Act 2006.
The notes on pages 6 to 9 form an integral part of the accounts.
Steffen Schmidt Barry Corcoran
Director Director
Approved by the board on 27 September 2023 Approved by the board on 27 September 2023
Ian Greer
Director
Approved by the board on 27 September 2023
ReEnPro Ltd
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
The financial statements are presented in UK Sterling pounds (£).
Going concern
In carrying out their duties in respect of going concern, the directors have carried out a review of the company's financial position and cash flow forecast for a period of 12 months from the date of signing these financial statements. These have been a comprehensive review of revenue, expenditure and cash flows, taking into consideration business risks and uncertainties brought about by the current economic environment.

Having taken all of the above factors into consideration, the directors have reached the conclusion that the company will continue to meet its day-to-day working capital requirements and continue to adapt the going concern basis of accounting in preparing the annual financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.

Turnover includes revenue earned from the generation of electricity and trading of Renewable Obligation Certificates (ROC's).

Accrued income is recognised in reference to the date of electricity generation.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 15% straight line
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classes as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
Provisions
Provisions (i.e. liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company - -
3 Tangible fixed assets
Land and buildings Wind turbines Total
£ £ £
Cost
At 1 April 2022 124,242 2,224,146 2,348,388
At 31 March 2023 124,242 2,224,146 2,348,388
Depreciation
At 1 April 2022 - 1,405,059 1,405,059
Charge for the year - 333,621 333,621
At 31 March 2023 - 1,738,680 1,738,680
Net book value
At 31 March 2023 124,242 485,466 609,708
At 31 March 2022 124,242 819,087 943,329
4 Debtors 2023 2022
£ £
Trade debtors 29,420 72,034
Deferred tax asset 120,887 157,710
Accrued income 242,489 167,093
Deferred turbine costs 3,920 3,920
Other debtors - 18,580
396,716 419,337
5 Creditors: amounts falling due within one year 2023 2022
£ £
Other loans 2,198,000 2,213,613
Trade creditors 32,594 36
Taxes and social security costs 21,083 20
Other creditors 117,830 53,570
2,369,507 2,267,239
6 Provision for liabilities
Deferred Taxation
£
At 1 April 2022 (157,710)
Charged to the profit and loss 36,823
At 31 March 2023 (120,887)
The provision for deferred taxation is made up as follows:
2023 2022
£ £
Accelerated capital allowances (36,823) 23,222
(36,823) 23,222
7 Directors' advances, credits and guarantees
There were no transactions with the directors during the year. The balance owed to the directors remianed nil at the year end.

The balances are interest free and repayable on demand.
8 Statement of changes in equity
The shareholders funds represents cumulative profits or losses, net of dividends paid, deferred tax adjustments.
9 Other information
ReEnPro Ltd is a private company limited by shares and incorporated in Northern Ireland. Its registered office is:
21 Arthur Street
Belfast
Country Antrim
BT1 4GA
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