Registered number
NI681813
Derrynanny Wind Ltd
Report and Unaudited Accounts
31 March 2024
Derrynanny Wind Ltd
Company Information
Directors
Adrian Martin
Eamonn Martin
Accountants
Tyrone Accountancy Services
8-10 Church Street
Omagh
Co. Tyrone
BT78 1DG
Bankers
Tide
4th Floor, Prologue Works
25 Marsh Street
Bristol
BS1 4AX
Registered office
141 Camlough Road
Carrickmore
Omagh
Co Tyrone
BT79 9BS
Registered number
NI681813
Derrynanny Wind Ltd
Registered number: NI681813
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 441,972 327,452
Current assets
Debtors 4 70,130 210,469
Cash at bank and in hand 6,832 6,455
76,962 216,924
Creditors: amounts falling due within one year 5 (298,902) (390,532)
Net current liabilities (221,940) (173,608)
Total assets less current liabilities 220,032 153,844
Creditors: amounts falling due after more than one year 6 (243,000) (279,000)
Net liabilities (22,968) (125,156)
Capital and reserves
Called up, issued and fully paid share capital 500 500
Profit and loss account (23,468) (125,656)
Shareholders' funds 10 (22,968) (125,156)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime.
The profit and loss account has not been delivered to the Registrar of Companies under section 444 of the Companies Act 2006.
The notes on pages 6 to 9 form an integral part of the accounts.
Adrian Martin Eamonn Martin
Director Director
Approved by the board on 21 August 2024 Approved by the board on 21 August 2024
Derrynanny Wind Ltd
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
The financial statements are presented in UK Sterling pounds (£)
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the generation of electricity and trading of Renewable Obligation Certificates (ROC's). Accrued income is recognised in reference to the date of electricity generation.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Wind turbines 5% straight line
Land and buildings are not depreciated
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classes as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
Provisions
Provisions (i.e. liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company - -
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 April 2023 327,452 - 327,452
Additions 10,000 109,329 119,329
At 31 March 2024 337,452 109,329 446,781
Depreciation
Charge for the year - 4,809 4,809
At 31 March 2024 - 4,809 4,809
Net book value
At 31 March 2024 337,452 104,520 441,972
At 31 March 2023 327,452 - 327,452
4 Debtors 2024 2023
£ £
Trade debtors 7,418 10,426
Deferred tax asset 5,504 29,474
Other debtors 57,208 170,569
70,130 210,469
5 Creditors: amounts falling due within one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 36,000 36,000
Trade creditors 2,128 4,577
Taxes and social security costs 2,143 1,225
Other creditors 258,631 348,730
298,902 390,532
6 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 243,000 279,000
7 Provision for liabilities
Deferred Taxation
£
At 1 April 2023 (29,474)
Charged to the profit and loss 23,970
At 31 March 2024 (5,504)
The provision for deferred taxation is made up as follows:
2024 2023
£ £
Unused losses carried forward and accelerated capital allowances (23,970) 27,047
(23,970) 27,047
8 Directors' advances, credits and guarantees
During the year there were no transactions with the directors. The balance at the year end remained nil.

The balances are interest free and repayable on demand.
9 Related party transactions
At the balance sheet date the company had the following balances with related parties:
2024 2023
£ £
MPG Wind Ltd (257,880) (184,846)
Messrs Eamonn and Adrian Martin are directors and persons with significant control in the above companies.

At the balance sheet date the above balances have been reflected in creditors.

The balances are interest free and repayable on demand.
10 Statement of changes in equity
The shareholders funds represents cumulative profits or losses, net of dividends paid, deferred tax adjustments and other adjustments.
11 Other information
Derrynanny Wind Ltd is a private company limited by shares and incorporated in Northern Ireland. Its registered office is:
141 Camlough Road
Carrickmore
Omagh
Co Tyrone
BT79 9BS
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