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REGISTERED NUMBER: SO304936 (Scotland)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

Farr Hydro Scheme LLP

Farr Hydro Scheme LLP (Registered number: SO304936)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

General Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Farr Hydro Scheme LLP

General Information
for the Year Ended 30 June 2023







DESIGNATED MEMBERS: M.E.G Hydro Co Limited
Newbie Limited





REGISTERED OFFICE: Glenkyllachy
Tomatin
Inverness-shire
IV13 7YA





REGISTERED NUMBER: SO304936 (Scotland)





ACCOUNTANTS: Douglas Home & Co Ltd
Chartered Accountants
47-49 The Square
Kelso
Roxburghshire
TD5 7HW

Farr Hydro Scheme LLP (Registered number: SO304936)

Statement of Financial Position
30 June 2023

30/6/23 30/6/22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 1,791,305 1,844,378

CURRENT ASSETS
Debtors 5 441,852 527,443
Cash at bank 183,018 82,732
624,870 610,175
CREDITORS
Amounts falling due within one year 6 57,158 95,536
NET CURRENT ASSETS 567,712 514,639
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

2,359,017

2,359,017

LOANS AND OTHER DEBTS DUE TO
MEMBERS

-

-

MEMBERS' OTHER INTERESTS
Capital accounts 2,359,017 2,359,017
2,359,017 2,359,017

TOTAL MEMBERS' INTERESTS
Members' other interests 2,359,017 2,359,017
Amounts due from members 5 (393,411 ) (457,321 )
1,965,606 1,901,696

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 30 June 2023.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

Farr Hydro Scheme LLP (Registered number: SO304936)

Statement of Financial Position - continued
30 June 2023


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

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 11 March 2024 and were signed by:




Newbie Limited - Designated member




M.E.G Hydro Co Limited - Designated member


Farr Hydro Scheme LLP (Registered number: SO304936)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Farr Hydro Scheme LLP is registered in Scotland. The LLP's registered number and registered office address can be found on the General 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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

Turnover
Revenue 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.
Land and buildings - Straight line over 40 years
Plant and machinery etc - Straight line over 40 years

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. EMPLOYEE INFORMATION

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

4. PROPERTY, PLANT AND EQUIPMENT
Interest
in long Plant and
leasehold machinery Totals
£    £    £   
COST
At 1 July 2022 28,558 2,179,452 2,208,010
Additions - 2,500 2,500
At 30 June 2023 28,558 2,181,952 2,210,510
DEPRECIATION
At 1 July 2022 4,355 359,277 363,632
Charge for year 723 54,850 55,573
At 30 June 2023 5,078 414,127 419,205
NET BOOK VALUE
At 30 June 2023 23,480 1,767,825 1,791,305
At 30 June 2022 24,203 1,820,175 1,844,378

Farr Hydro Scheme LLP (Registered number: SO304936)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

5. DEBTORS
30/6/23 30/6/22
£    £   
Amounts falling due within one year:
Amounts due from members 393,411 457,321
VAT 1,691 -
Accrued income 5,094 34,614
Prepayments 18,954 12,806
419,150 504,741

Amounts falling due after more than one year:
Other debtors 22,702 22,702

Aggregate amounts 441,852 527,443

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/23 30/6/22
£    £   
Trade creditors 24,333 5,785
VAT - 6,010
Accrued expenses 32,825 83,741
57,158 95,536