REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
FOR |
BEINN EAGAGACH HYDRO LLP |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
FOR |
BEINN EAGAGACH HYDRO LLP |
BEINN EAGAGACH HYDRO LLP (REGISTERED NUMBER: OC378491) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
Page |
Balance Sheet | 1 |
Notes to the Financial Statements | 3 |
BEINN EAGAGACH HYDRO LLP (REGISTERED NUMBER: OC378491) |
BALANCE SHEET |
31 DECEMBER 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
and |
NET ASSETS ATTRIBUTABLE TO MEMBERS |
3,603,128 |
3,671,527 |
LOANS AND OTHER DEBTS DUE TO MEMBERS |
7 |
3,603,028 |
3,671,427 |
MEMBERS' OTHER INTERESTS |
Capital accounts | 100 | 100 |
3,603,128 | 3,671,527 |
TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 7 | 3,603,028 | 3,671,427 |
Members' other interests | 100 | 100 |
3,603,128 | 3,671,527 |
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. |
BEINN EAGAGACH HYDRO LLP (REGISTERED NUMBER: OC378491) |
BALANCE SHEET - continued |
31 DECEMBER 2023 |
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 |
BEINN EAGAGACH HYDRO LLP (REGISTERED NUMBER: OC378491) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
1. | STATUTORY INFORMATION |
Beinn Eagagach is registered in England and Wales. The company's registered number is OC378491 and the registered office is, Shalden Park Steading, Shalden, Alton, Hampshire, GU34 4DS. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Significant judgements and estimates |
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. |
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only the period, or in the period of the revision and future periods where the revision affects both current and future periods. |
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; |
Plant and Machinery - 5% Straight line and 2% Straight line. |
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. |
Going concern |
Based on current trading and future expectations, the members are confident the LLP will continue to trade profitably in future periods and generate sufficient cash flows to meet its obligations as they fall due for payment. |
3. | EMPLOYEE INFORMATION |
The average number of employees during the year was NIL (2022 - NIL). |
BEINN EAGAGACH HYDRO LLP (REGISTERED NUMBER: OC378491) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 January 2023 |
and 31 December 2023 |
DEPRECIATION |
At 1 January 2023 |
Charge for year |
At 31 December 2023 |
NET BOOK VALUE |
At 31 December 2023 |
At 31 December 2022 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade debtors |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
BEINN EAGAGACH HYDRO LLP (REGISTERED NUMBER: OC378491) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
7. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
2023 | 2022 |
£ | £ |
Amounts owed to members | 3,603,028 | 3,671,427 |
Falling due within one year | 226,403 | 226,403 |
Falling due in more than one year | 3,376,625 | 3,445,024 |
8. | RELATED PARTY DISCLOSURES |
During the year management fees of £36,750 (2022: £24,500) and operating lease payments of £3,627 (2022: £3,324) were paid to Edradynate Limited, a designated member of Beinn Eagagach Hydro LLP. |
During the year management fees of £15,750 (2022: £10,500) and operating lease payments of £145 (2022: £132) were paid to Derculich (Strathtay) Limited, a designated member of Beinn Eagagach Hydro LLP. |
9. | ULTIMATE CONTROLLING PARTY |
The partnership's immediate parent company is Edradynate Limited and the partnership's ultimate parent company is Ellis Campbell Group Limited, a company incorporated in England and Wales. |