IRIS Accounts Production v24.2.0.383 SC450598 Board of Directors 1.1.23 31.12.23 31.12.23 0 0 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC4505982022-12-31SC4505982023-12-31SC4505982023-01-012023-12-31SC4505982021-12-31SC4505982022-01-012022-12-31SC4505982022-12-31SC450598ns15:Scotland2023-01-012023-12-31SC450598ns14:PoundSterling2023-01-012023-12-31SC450598ns10:Director12023-01-012023-12-31SC450598ns10:PrivateLimitedCompanyLtd2023-01-012023-12-31SC450598ns10:SmallEntities2023-01-012023-12-31SC450598ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-31SC450598ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-31SC450598ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-31SC450598ns10:FullAccounts2023-01-012023-12-31SC45059812023-01-012023-12-31SC450598ns10:OrdinaryShareClass12023-01-012023-12-31SC450598ns10:Director22023-01-012023-12-31SC450598ns10:Director32023-01-012023-12-31SC450598ns10:RegisteredOffice2023-01-012023-12-31SC450598ns5:CurrentFinancialInstruments2023-12-31SC450598ns5:CurrentFinancialInstruments2022-12-31SC450598ns5:ShareCapital2023-12-31SC450598ns5:ShareCapital2022-12-31SC450598ns5:RetainedEarningsAccumulatedLosses2023-12-31SC450598ns5:RetainedEarningsAccumulatedLosses2022-12-31SC450598ns5:PatentsTrademarksLicencesConcessionsSimilar2023-01-012023-12-31SC450598ns5:IntangibleAssetsOtherThanGoodwill2022-12-31SC450598ns5:IntangibleAssetsOtherThanGoodwill2023-12-31SC450598ns5:IntangibleAssetsOtherThanGoodwill2022-12-31SC450598ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-31SC450598ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-31SC450598ns10:OrdinaryShareClass12023-12-31
















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Highland Renewables Limited

Highland Renewables Limited (Registered number: SC450598)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Highland Renewables Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: M Altajir
M M M Al Tajir
L Montgomery





REGISTERED OFFICE: c/o Highland Spring Limited
Stirling Street
Blackford
Perthshire
PH4 1QA





REGISTERED NUMBER: SC450598 (Scotland)





ACCOUNTANTS: Ian Macfarlane Limited
Chartered Accountants
2 Melville Street
Falkirk
FK1 1HZ

Highland Renewables Limited (Registered number: SC450598)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Development Costs 4 106,137 106,137

CURRENT ASSETS
Debtors 5 23,516 23,256
Cash in hand 100 100
23,616 23,356
CREDITORS
Amounts falling due within one year 6 146,898 145,338
NET CURRENT LIABILITIES (123,282 ) (121,982 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(17,145

)

(15,845

)

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings (17,245 ) (15,945 )
SHAREHOLDERS' FUNDS (17,145 ) (15,845 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company 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 relating to financial statements, so far as applicable to the company.

Highland Renewables Limited (Registered number: SC450598)

Balance Sheet - continued
31 December 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 September 2024 and were signed on its behalf by:





L Montgomery - Director


Highland Renewables Limited (Registered number: SC450598)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Highland Renewables 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.

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.

Going Concern

The company Balance Sheet is showing negative Shareholders' Funds of £17,145 (2022 - £15,845). The directors are aware of this and will continue to support the company, therefore the company accounts have been prepared on a going concern basis.

Development costs
The directors of the company have decided not to depreciate Development Costs until completion of the project.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3. EMPLOYEES AND DIRECTORS

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

Highland Renewables Limited (Registered number: SC450598)

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2023
and 31 December 2023 106,137
NET BOOK VALUE
At 31 December 2023 106,137
At 31 December 2022 106,137

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other debtors 23,516 23,256

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 96,900 96,900
Other creditors 49,998 48,438
146,898 145,338

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
100 Ordinary £1 100 100

8. RELATED PARTY DISCLOSURES

At the year end the company owed £35,637 (2022 - £34,077) to Highland Spring Limited and £13,512 (2022 - £13,512) to Blackford Farms Ltd who are both shareholders in the company.