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REGISTERED NUMBER: SC611349 (Scotland)













Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Argyll Hydro Management Limited

Argyll Hydro Management Limited (Registered number: SC611349)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Argyll Hydro Management Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: T M Hedley





REGISTERED OFFICE: 6 Logie Mill
Edinburgh
Lothian
EH7 4HG





REGISTERED NUMBER: SC611349 (Scotland)





ACCOUNTANTS: A H & Co Ltd
Chartered Accountants
6 Logie Mill
Edinburgh
Lothian
EH7 4HG

Argyll Hydro Management Limited (Registered number: SC611349)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 16,369 16,729

CURRENT ASSETS
Debtors 5 71,608 54,625
Cash at bank 119 2,464
71,727 57,089
CREDITORS
Amounts falling due within one year 6 40,601 32,813
NET CURRENT ASSETS 31,126 24,276
TOTAL ASSETS LESS CURRENT LIABILITIES 47,495 41,005

PROVISIONS FOR LIABILITIES 7 3,110 3,179
NET ASSETS 44,385 37,826

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 44,285 37,726
SHAREHOLDERS' FUNDS 44,385 37,826

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 director acknowledges his 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 November 2023 and were signed by:





T M Hedley - Director


Argyll Hydro Management Limited (Registered number: SC611349)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Argyll Hydro Management 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 the provisions of section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Tangible fixed assets are stated at cost, net of depreciation and any provision for impairment. Depreciation is
provided on all tangible fixed assets, other than investment properties, at rates calculated to write off the cost, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Freehold Property - 2% per annum

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Argyll Hydro Management Limited (Registered number: SC611349)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued

Exemption from preparing a cash flow statement
Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a small company.

Provisions
Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the balance sheet date, taking into account the risks and uncertainties surrounding the obligation.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Freehold
property
£
COST
At 1 April 2022
and 31 March 2023 17,966
DEPRECIATION
At 1 April 2022 1,237
Charge for year 360
At 31 March 2023 1,597
NET BOOK VALUE
At 31 March 2023 16,369
At 31 March 2022 16,729

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£ £
Trade debtors - 820
Other debtors 71,608 53,805
71,608 54,625

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£ £
Trade creditors 7,179 -
Taxation and social security 14,885 17,802
Other creditors 18,537 15,011
40,601 32,813

7. PROVISIONS FOR LIABILITIES
31.3.23 31.3.22
£ £
Deferred tax 3,110 3,179

Argyll Hydro Management Limited (Registered number: SC611349)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

7. PROVISIONS FOR LIABILITIES - continued

Deferred Other
tax provisions
£ £
Balance at 1 April 2022 3,179 -
Provided during year (69 ) 3,179
Balance at 31 March 2023 3,110 3,179

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £ £
100 Ordinary shares £1 100 100

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

As at 31 March 2023, the company owed the director £15,973 (2022: £13,121).

10. RELATED PARTY DISCLOSURES

Transactions with related parties during the period and balances outstanding at the year end were as follows:




Related Party



Transaction Type

Transactions in the
year ended
31.03.23

Transactions in
the year ended
31.03.22
Balance receivable
from / (payable) to
related party as at
31.03.23
Balance receivable
from / (payable) to
related party as at
31.03.22
£ £ £

Drim Lee Limited Profit share 46,085 24,454 70,538 52,981

Drim Lee Limited Expense Nil (157) (157) (157)


Garvie Hydro Limited Expense 403 403 1,210 806

A director of the company is also a director of Drim Lee Limited.

A director of the company is also a director of Garvie Hydro Limited

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Tim Hedley.