ARVEN SOUTH LIMITED

Company Registration Number:
14306369 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 19 August 2022

End date: 31 December 2023

ARVEN SOUTH LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

ARVEN SOUTH LIMITED

Directors' report period ended 31 December 2023

The directors present their report with the financial statements of the company for the period ended 31 December 2023

Principal activities of the company

Arven South Limited (the 'Company') is a private company limited by shares incorporated in England and Wales,UK. The Company's registered office is at C/O Shepherd And Wedderburn Llp, Octagon Point, 5 Cheapside, London, EC2V 6AA. The Company's principal activity is to develop an offshore windfarm in Shetland.The Company is a wholly owned subsidiary of Arven South Holdings Limited (hereinafter referred to as “ASHL”).

Political and charitable donations

The Company did not make any political donations or incur any political expenditure during the period.



Directors

The director shown below has held office during the period of
12 October 2023 to 31 December 2023

A Guinan


The directors shown below have held office during the period of
25 July 2023 to 31 December 2023

A R Morrison
R M Munoz
S L Rees
T Roskaft


The director shown below has held office during the period of
25 July 2023 to 12 October 2023

S A Pirie


The director shown below has held office during the period of
28 October 2022 to 25 July 2023

B J R Sanchez


The director shown below has held office during the whole of the period from
19 August 2022 to 31 December 2023

D H Finch


The director shown below has held office during the period of
19 August 2022 to 25 July 2023

G Gorski


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
4 April 2024

And signed on behalf of the board by:
Name: A R Morrison
Status: Director

ARVEN SOUTH LIMITED

Profit And Loss Account

for the Period Ended 31 December 2023

16 months to 31 December 2023


£
Turnover: 0
Cost of sales: 0
Gross profit(or loss): 0
Distribution costs: 0
Administrative expenses: ( 13,460 )
Other operating income: 0
Operating profit(or loss): (13,460)
Interest payable and similar charges: ( 86 )
Profit(or loss) before tax: (13,546)
Tax: 0
Profit(or loss) for the financial year: (13,546)

ARVEN SOUTH LIMITED

Balance sheet

As at 31 December 2023

Notes 16 months to 31 December 2023


£
Called up share capital not paid: 0
Fixed assets
Intangible assets:   0
Tangible assets: 3 11,527,970
Investments:   0
Total fixed assets: 11,527,970
Current assets
Stocks:   0
Debtors: 4 5,037,480
Cash at bank and in hand: 28,714
Investments:   0
Total current assets: 5,066,194
Prepayments and accrued income: 0
Creditors: amounts falling due within one year: 5 ( 392,019 )
Net current assets (liabilities): 4,674,175
Total assets less current liabilities: 16,202,145
Creditors: amounts falling due after more than one year: 6 ( 16,215,591 )
Provision for liabilities: 0
Accruals and deferred income: 0
Total net assets (liabilities): (13,446)
Capital and reserves
Called up share capital: 100
Share premium account: 0
Other reserves: 0
Profit and loss account: (13,546 )
Total Shareholders' funds: ( 13,446 )

The notes form part of these financial statements

ARVEN SOUTH LIMITED

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 4 April 2024
and signed on behalf of the board by:

Name: A R Morrison
Status: Director

The notes form part of these financial statements

ARVEN SOUTH LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

    Tangible fixed assets depreciation policy

    Depreciation on assets under construction commences from the point they are ready for use andtransferred to respective fixed assets class. Depreciation methods, useful lives and residual values are reviewed at each balance sheet date.

    Other accounting policies

    Going concern, Foreign currency, Borrowing costs, Taxation, Property, plant and equipment, Assets under construction (Transmission assets), Impairment of tangible and intangible assets other than goodwill, Cash and cash equivalents, Provisions, Financial instruments, Financial assets, Financial liabilities and equity instruments

ARVEN SOUTH LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    16 months to 31 December 2023
    Average number of employees during the period 0

ARVEN SOUTH LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
Additions 11,527,970 11,527,970
Disposals
Revaluations
Transfers
At 31 December 2023 11,527,970 11,527,970
Depreciation
Charge for year 0 0
On disposals
Other adjustments
At 31 December 2023 0 0
Net book value
At 31 December 2023 11,527,970 11,527,970

All assets are Assets under construction

ARVEN SOUTH LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Debtors

16 months to 31 December 2023
£
Other debtors 5,037,480
Total 5,037,480

ARVEN SOUTH LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Creditors: amounts falling due within one year note

16 months to 31 December 2023
£
Trade creditors 13,386
Other creditors 378,633
Total 392,019

ARVEN SOUTH LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

6. Creditors: amounts falling due after more than one year note

16 months to 31 December 2023
£
Other creditors 16,215,591
Total 16,215,591