AURA WIND (HAMSIN) LIMITED

Company Registration Number:
SC507267 (Scotland)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 1 January 2023

End date: 31 December 2023

AURA WIND (HAMSIN) LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

AURA WIND (HAMSIN) LIMITED

Directors' report period ended 31 December 2023

The directors present their report with the financial statements of the company for the period ended 31 December 2023

Principal activities of the company

The principal activity of the company is holding investments that operate renewable energy assets and generate electricity achieved through the operation of wind turbines in the UK.



Directors

The directors shown below have held office during the whole of the period from
1 January 2023 to 31 December 2023

Tim J. Mihill
Edward Wilson


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
18 September 2024

And signed on behalf of the board by:
Name: Tim J. Mihill
Status: Director

AURA WIND (HAMSIN) LIMITED

Profit And Loss Account

for the Period Ended 31 December 2023

2023 2022


£

£
Turnover: 100,290 0
Cost of sales: ( 40,960 ) ( 123 )
Gross profit(or loss): 59,330 (123)
Administrative expenses: ( 180,359 ) ( 228,487 )
Operating profit(or loss): (121,029) (228,610)
Interest payable and similar charges: ( 152,714 ) ( 152,714 )
Profit(or loss) before tax: (273,743) (381,324)
Tax: 0 0
Profit(or loss) for the financial year: (273,743) (381,324)

AURA WIND (HAMSIN) LIMITED

Balance sheet

As at 31 December 2023

Notes 2023 2022


£

£
Fixed assets
Intangible assets: 3 139,977 151,642
Tangible assets: 4 898,547 972,331
Total fixed assets: 1,038,524 1,123,973
Current assets
Debtors: 5 631 110,010
Cash at bank and in hand: 55,192 29,948
Total current assets: 55,823 139,958
Creditors: amounts falling due within one year: 6 ( 2,304,810 ) ( 2,200,651 )
Net current assets (liabilities): (2,248,987) (2,060,693)
Total assets less current liabilities: (1,210,463) ( 936,720)
Total net assets (liabilities): (1,210,463) (936,720)
Capital and reserves
Called up share capital: 617,530 617,530
Profit and loss account: (1,827,993 ) (1,554,250 )
Total Shareholders' funds: ( 1,210,463 ) (936,720)

The notes form part of these financial statements

AURA WIND (HAMSIN) LIMITED

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 18 September 2024
and signed on behalf of the board by:

Name: Tim J. Mihill
Status: Director

The notes form part of these financial statements

AURA WIND (HAMSIN) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business , and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates. When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods) , the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably. Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Wind installation assets 20 years The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss .

    Intangible fixed assets amortisation policy

    Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

    Other accounting policies

    Foreign currency translation Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

AURA WIND (HAMSIN) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 2 2

AURA WIND (HAMSIN) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Intangible assets

Goodwill Other Total
Cost £ £ £
At 1 January 2023 236,212 236,212
Additions
Disposals
Revaluations
Transfers
At 31 December 2023 236,212 236,212
Amortisation
At 1 January 2023 84,570 84,570
Charge for year 11,665 11,665
On disposals
Other adjustments
At 31 December 2023 96,235 96,235
Net book value
At 31 December 2023 139,977 139,977
At 31 December 2022 151,642 151,642

AURA WIND (HAMSIN) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2023 1,494,129 1,494,129
Additions
Disposals
Revaluations
Transfers
At 31 December 2023 1,494,129 1,494,129
Depreciation
At 1 January 2023 521,798 521,798
Charge for year 73,784 73,784
On disposals
Other adjustments
At 31 December 2023 595,582 595,582
Net book value
At 31 December 2023 898,547 898,547
At 31 December 2022 972,331 972,331

Bayerische Landesbank has security over the Company's fixed assets through a loan facility provided to the Company's immediate parent, Aura Wind (Midco) Limited (see note 7). A provision of £25,000 for restoring the site at the end of the asset's useful economic life has been recognised and capitalised in the cost of tangible fixed assets (see note 8).

AURA WIND (HAMSIN) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Debtors

2023 2022
£ £
Trade debtors 2
Other debtors 631 110,008
Total 631 110,010

AURA WIND (HAMSIN) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

6. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 3,690 34,195
Other creditors 2,301,120 2,166,456
Total 2,304,810 2,200,651