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REGISTERED NUMBER: SC710079 (Scotland)















Financial Statements For The Year Ended 31 December 2023

for

Koehler Renewable Energy UK Limited

Koehler Renewable Energy UK Limited (Registered number: SC710079)






Contents of the Financial Statements
For The Year Ended 31 December 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Koehler Renewable Energy UK Limited

Company Information
For The Year Ended 31 December 2023







DIRECTORS: N F L Christoph
A Mathewson





REGISTERED OFFICE: c/o Robb Ferguson
Regent Court
70 West Regent Street
Glasgow
G2 2QZ





REGISTERED NUMBER: SC710079 (Scotland)





INDEPENDENT AUDITORS: Robb Ferguson
Chartered Accountants & Statutory Auditors
Regent Court
70 West Regent Street
Glasgow
G2 2QZ

Koehler Renewable Energy UK Limited (Registered number: SC710079)

Statement of Financial Position
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 736,668 199,998

CURRENT ASSETS
Debtors 5 128,571 925,591
Cash at bank 335,084 66,299
463,655 991,890
CREDITORS
Amounts falling due within one year 6 625,423 325,520
NET CURRENT (LIABILITIES)/ASSETS (161,768 ) 666,370
TOTAL ASSETS LESS CURRENT
LIABILITIES

574,900

866,368

CAPITAL AND RESERVES
Called up share capital 1,000,010 1,000,010
Retained earnings (425,110 ) (133,642 )
574,900 866,368

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 Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 July 2024 and were signed on its behalf by:





N F L Christoph - Director


Koehler Renewable Energy UK Limited (Registered number: SC710079)

Notes to the Financial Statements
For The Year Ended 31 December 2023

1. STATUTORY INFORMATION

Koehler Renewable Energy UK 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The company has net current liabilities at the year end date which include loans due to related parties. Related parties have confirmed that they will only seek repayment of these loans when the company is in a financial position to do so, and continue to provide additional funding as required by the company. On this basis, the Directors consider it appropriate to prepare the financial statements on a going concern basis.

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.
Motor vehicles - 25% on reducing balance
Computer equipment - 33% straight line

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Koehler Renewable Energy UK Limited (Registered number: SC710079)

Notes to the Financial Statements - continued
For The Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Development costs
Development costs are reclassified as costs of investment when the renewable energy sites are completed. There is no depreciation charged on development costs as the sites are not yet operational.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Development Motor Computer
costs vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023 151,576 58,106 - 209,682
Additions 547,100 - 2,002 549,102
At 31 December 2023 698,676 58,106 2,002 758,784
DEPRECIATION
At 1 January 2023 - 9,684 - 9,684
Charge for year - 12,105 327 12,432
At 31 December 2023 - 21,789 327 22,116
NET BOOK VALUE
At 31 December 2023 698,676 36,317 1,675 736,668
At 31 December 2022 151,576 48,422 - 199,998

Development costs include legal and professional fees, material costs, consulting fees, project management and health and safety in relation to the construction of the renewable energy sites.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 18,000
Other debtors - 900,010
Intercompany debtor 82,577 1,431
Staff loans 321 500
VAT 39,837 1,393
Prepayments & accrued income 5,836 4,257
128,571 925,591

Koehler Renewable Energy UK Limited (Registered number: SC710079)

Notes to the Financial Statements - continued
For The Year Ended 31 December 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 87,905 14,733
Social security and other taxes - 5,638
Other creditors 470,385 298,316
Accrued expenses 67,133 6,833
625,423 325,520

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 3,200 38,400

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was qualified on the following basis:

Basis for qualified opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Similar to other companies involved in the development of renewable energy, the carrying value of development costs (£698,676) includes various sites at different stages of the planning and development process which, depending on whether planning permission is obtained,may or may not be recoverable in the future. The company's expectation for all costs carried as fixed assets is that the relevant permissions will be obtained in due course.

Where planning permission has not been obtained at the date of sign off of the financial statements, the conditions of FRS102 Section 1a are not met to enable capitalisation of development costs, and thus such costs should be expensed through the Statement of Comprehensive Income until such conditions are met.

We also refer to our modified audit opinion in respect of development costs capitalised at 31 December 2022 (£151,576)

Accordingly, the reasonableness of the carrying value of development costs at the year end (£698,676) and the previous year end (£151,576) cannot be confirmed.

Janice Alexander (Senior Statutory Auditor)
for and on behalf of Robb Ferguson

9. ULTIMATE CONTROLLING PARTY

The immediate parent and ultimate controlling undertaking in which the results of the company are consolidated
is Koehler Holding SE & Co. KG, Hauptstrasse 2, Oberkirch,77704, Germany. A copy of the accounts are
available upon request on handelregister.de.