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Company No: 08516317 (England and Wales)

CEAH (HYDRO) LIMITED

Financial Statements
For the financial year ended 31 December 2023
Pages for filing with the registrar

CEAH (HYDRO) LIMITED

Financial Statements

For the financial year ended 31 December 2023

Contents

CEAH (HYDRO) LIMITED

COMPANY INFORMATION

For the financial year ended 31 December 2023
CEAH (HYDRO) LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 December 2023
DIRECTORS C K Antelme
The Hon J H M Bruce
C V Ellingworth
J D Gordon
SECRETARY St Andrew Trustees Limited
REGISTERED OFFICE 5 Fleet Place
London
EC4M 7RD
England
United Kingdom
COMPANY NUMBER 08516317 (England and Wales)
AUDITOR Dixon Wilson Audit Services LLP
22 Chancery Lane
London
WC2A 1LS
CEAH (HYDRO) LIMITED

BALANCE SHEET

As at 31 December 2023
CEAH (HYDRO) LIMITED

BALANCE SHEET (continued)

As at 31 December 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 1,594,107 1,633,169
1,594,107 1,633,169
Current assets
Debtors 4 143,562 243,963
Cash at bank and in hand 26,667 5,571
170,229 249,534
Creditors: amounts falling due within one year 5 ( 1,036,187) ( 1,205,141)
Net current liabilities (865,958) (955,607)
Total assets less current liabilities 728,149 677,562
Provision for liabilities 6 ( 124,248) ( 118,705)
Net assets 603,901 558,857
Capital and reserves
Called-up share capital 100 100
Profit and loss account 603,801 558,757
Total shareholders' funds 603,901 558,857

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of CEAH (Hydro) Limited (registered number: 08516317) were approved and authorised for issue by the Board of Directors on 17 September 2024. They were signed on its behalf by:

J D Gordon
Director
CEAH (HYDRO) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
CEAH (HYDRO) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

CEAH (Hydro) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 5 Fleet Place, London, EC4M 7RD, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The financial statements have been prepared on a going concern basis as the company is generating positive cashflows and expects to do so in the future. The parent company has agreed not to withdraw its loan until the company has sufficient cash to settle it.

Turnover

Income from the generation of electricity and associated feed-in tariffs is recognised in the period in which power is generated, and is recognised net of VAT.

Taxation

Current tax
The tax expense for the period comprises current tax and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax
Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amounts of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible assets are stated at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Plant and machinery etc. 50 years straight line

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, starting from the date of commissioning on 14 October 2014.

Leases

The Company as lessee
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year 0 0

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 January 2023 1,953,078 1,953,078
At 31 December 2023 1,953,078 1,953,078
Accumulated depreciation
At 01 January 2023 319,909 319,909
Charge for the financial year 39,062 39,062
At 31 December 2023 358,971 358,971
Net book value
At 31 December 2023 1,594,107 1,594,107
At 31 December 2022 1,633,169 1,633,169

4. Debtors

2023 2022
£ £
Trade debtors 18,543 20,048
Amounts owed by Group undertakings 4,542 4,542
Corporation tax 5,331 ( 4,803)
Other debtors 115,146 224,176
143,562 243,963

5. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 3,566 20,470
Amounts owed to Group undertakings 1,014,795 1,153,482
Corporation tax 0 17,588
Other creditors 17,826 13,601
1,036,187 1,205,141

6. Provision for liabilities

2023 2022
£ £
Deferred tax 124,248 118,705

7. Financial commitments

Other financial commitments

2023 2022
£ £
Financial commitments not included in the balance sheet 117,000 126,750

The total financial commitments represent amounts due under two operating lease agreements, both with 25 year terms, which the company entered into on 1 January 2011.

8. Audit Opinion

The auditor's report on the accounts for the financial year ended 31 December 2023 was unqualified.

The audit report was signed by Steven Wakefield on behalf of Dixon Wilson Audit Services LLP.

9. Ultimate controlling party

The company's immediate parent is Cadogan Estates (Agricultural Holdings) Limited, incorporated in the UK.

The registered address of the immediate parent is:

5 Fleet Place
London
EC4M 7RD
England
United Kingdom

The ultimate parent is Cadogan Settled Estates Holdings Limited, incorporated in the UK.

The parent entity of the smallest group preparing consolidated financial statements is Cadogan Settled Estates Holding Limited. These financial statements are available upon request from Companies House.