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REGISTERED NUMBER: SC373467 (Scotland)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Standhill Renewables Limited

Standhill Renewables Limited (Registered number: SC373467)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Standhill Renewables Limited

Company Information
for the Year Ended 29 February 2024







DIRECTOR: J W Shanks





REGISTERED OFFICE: Standhill Farm
Hawick
Roxburghshire
TD9 8SF





REGISTERED NUMBER: SC373467 (Scotland)





ACCOUNTANTS: EQ Accountants Ltd
47-49 The Square
Kelso
Roxburghshire
TD5 7HW

Standhill Renewables Limited (Registered number: SC373467)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,219,671 759,403

CURRENT ASSETS
Debtors 5 300,415 258,843
Cash at bank 15,711 51,913
316,126 310,756
CREDITORS
Amounts falling due within one year 6 997,074 682,999
NET CURRENT LIABILITIES (680,948 ) (372,243 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

538,723

387,160

PROVISIONS FOR LIABILITIES 90,000 2,500
NET ASSETS 448,723 384,660

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 448,523 384,460
448,723 384,660

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 25 November 2024 and were signed by:



J W Shanks - Director


Standhill Renewables Limited (Registered number: SC373467)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Standhill 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.

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.
Plant and machinery etc - 15% on reducing balance

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

Standhill Renewables Limited (Registered number: SC373467)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Tenants Plant and
improvements machinery Totals
£    £    £   
COST
At 1 March 2023 746,597 15,833 762,430
Additions - 464,027 464,027
At 29 February 2024 746,597 479,860 1,226,457
DEPRECIATION
At 1 March 2023 - 3,027 3,027
Charge for year - 3,759 3,759
At 29 February 2024 - 6,786 6,786
NET BOOK VALUE
At 29 February 2024 746,597 473,074 1,219,671
At 28 February 2023 746,597 12,806 759,403

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 107,645 90,257
Other debtors 157,721 157,721
VAT 6,849 10,865
Prepayments 28,200 -
300,415 258,843

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors 570 48,436
Tax 49,560 21,429
Inter-Company loan 607,507 607,507
Directors' loan accounts 338,677 -
Accrued expenses 760 5,627
997,074 682,999