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REGISTERED NUMBER: SC461950 (Scotland)




















Rattar Renewables Ltd

Financial Statements

for the Year Ended 31 December 2023






Rattar Renewables Ltd (Registered number: SC461950)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Rattar Renewables Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: O V Hilton
N J Wood





SECRETARY: Pinsent Masons Secretarial Limited





REGISTERED OFFICE: 13 Queens Road
Aberdeen
AB15 4YL





REGISTERED NUMBER: SC461950 (Scotland)





AUDITOR: KPMG Channel Islands Limited
Glategny Court
Glategny Esplanade
St Peter Port
Channel Islands
GY1 1WR

Rattar Renewables Ltd (Registered number: SC461950)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 423,826 470,918

CURRENT ASSETS
Debtors 5 302,508 77,138
Cash at bank 135,424 405,667
437,932 482,805
CREDITORS
Amounts falling due within one year 6 321,477 469,358
NET CURRENT ASSETS 116,455 13,447
TOTAL ASSETS LESS CURRENT
LIABILITIES

540,281

484,365

PROVISIONS FOR LIABILITIES 82,681 89,345
NET ASSETS 457,600 395,020

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 457,500 394,920
457,600 395,020

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 January 2025 and were signed on its behalf by:





O V Hilton - Director


Rattar Renewables Ltd (Registered number: SC461950)

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

1. STATUTORY INFORMATION

Rattar Renewables Ltd 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.

The financial statements are prepared in Sterling which is the functional currency of the entity.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Critical accounting judgements and key sources of estimation uncertainty
The critical accounting judgements considered by management are the depreciation policies applied to fixed assets. Considering the nature of the fixed assets, the policy listed under the tangible fixed assets policy is considered to be reasonable and appropriate. Annual impairment reviews are also carried out on fixed assets.

Turnover
Turnover represents sales of electricity in the period net of VAT. Sales are recognised at the point at which the company has fulfilled its contractual obligations and the risks and rewards attaching to the product have been transferred to the customer.

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 - 10% on reducing balance

Annual impairment reviews are carried out on fixed assets.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

All loans with related parties are all repayable on demand.


Rattar Renewables Ltd (Registered number: SC461950)

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

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Going concern
The financial statements have been prepared on a going concern basis which the directors consider to be appropriate for the following reasons:

The directors have prepared cash flow forecasts for a period of at least 12 months from the date of approval of these financial statements which indicate that, taking account of reasonably possible downsides, the company will have Sufficient funds to meet its liabilities as they fall due for that period.

Consequently, the directors are confident that the company will have sufficient funds to continue to meet is liabilities as they fall due for at least 12 months from the date of approval of the financial statements and therefore have prepared the financial statements on a going concern basis.

Cash
Cash at Bank represents all bank balances, cash balances, and cash equivalents that the company holds ownership of.

Rattar Renewables Ltd (Registered number: SC461950)

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

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 1,177,729
DEPRECIATION
At 1 January 2023 706,811
Charge for year 47,092
At 31 December 2023 753,903
NET BOOK VALUE
At 31 December 2023 423,826
At 31 December 2022 470,918

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 302,508 77,138

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 11,605 3,571
Amounts owed to group undertakings - 364,000
Taxation and social security 296,427 81,833
Other creditors 13,445 19,954
321,477 469,358

Rattar Renewables Ltd (Registered number: SC461950)

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

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 25,968 24,693
Between one and five years 103,871 98,774
In more than five years 256,354 268,450
386,193 391,917

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditor was unqualified.

Rachid Frihmat (Senior Statutory Auditor)
for and on behalf of KPMG Channel Islands Limited

9. POST BALANCE SHEET EVENTS

There were no post balance sheet events.

10. ULTIMATE CONTROLLING PARTY

The immediate parent undertaking of Rattar Renewables Ltd is Rattar Holdings Ltd.

The ultimate parent undertaking of Rattar Renewables Ltd is Resonance British Wind Energy Income II Limited, ia company incorporated in Guernsey.