Company registration number 10794930 (England and Wales)
MEAN MOOR COMMUNITY WIND FARM LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
MEAN MOOR COMMUNITY WIND FARM LIMITED
CONTENTS
Page
Statement of financial position
1
Notes to the financial statements
2 - 4
MEAN MOOR COMMUNITY WIND FARM LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
31 DECEMBER 2024
31 December 2024
- 1 -
2024
2023
Notes
£
£
£
£
Non-current assets
Intangible assets
3
3,332,436
Investments
4
1,955,153
5,287,589
Current assets
Trade and other receivables
5
500,000
Current liabilities
6
(1,550)
Net current assets
498,450
Total assets less current liabilities
5,786,039
Non-current liabilities
7
(8,752,927)
Net assets/(liabilities)
(2,966,888)
Equity
Called up share capital
100
100
Retained earnings
(100)
(2,966,988)
Total equity
(2,966,888)
The directors of the company have elected not to include a copy of the income statement within the financial statements.true
For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 20 February 2025 and are signed on its behalf by:
Mrs A Heslop MBE
Mr A Duckworth
Director
Director
Company registration number 10794930 (England and Wales)
MEAN MOOR COMMUNITY WIND FARM LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 2 -
1
Accounting policies
Company information
Mean Moor Community Wind Farm Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 26 - Trinity Enterprise Centre, Furness Business Park, Ironworks Road, Barrow-in-Furness, LA14 2PN.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Intangible fixed assets - goodwill and other
Goodwill represents the excess of the cost of acquisition of a wind farm business over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and will be amortised over the period expected to benefit therefrom - over 20 years.
There are also other identifiable costs related to the purchase of the business which will be dealt with on the same basis.
1.3
Non-current investments
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
MEAN MOOR COMMUNITY WIND FARM LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 3 -
3
Intangible fixed assets
Goodwill
Other intangibles
Total
£
£
£
Cost
At 1 January 2024
4,143,579
21,965
4,165,544
Transfers
(4,143,579)
(21,965)
(4,165,544)
At 31 December 2024
Amortisation and impairment
At 1 January 2024
828,716
4,392
833,108
Transfers
(828,716)
(4,392)
(833,108)
At 31 December 2024
Carrying amount
At 31 December 2024
At 31 December 2023
3,314,863
17,573
3,332,436
The goodwill and other intangibles were transferred to the ultimate holding company, High Winds Community Energy Society Limited.
4
Fixed asset investments
2024
2023
£
£
Loans to group undertakings and participating interests
1,955,153
Movements in non-current investments
Loans to subsidiaries
£
Cost or valuation
At 1 January 2024
1,955,153
Transfer to holding company
(1,955,153)
At 31 December 2024
-
Carrying amount
At 31 December 2024
-
At 31 December 2023
1,955,153
MEAN MOOR COMMUNITY WIND FARM LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 4 -
5
Trade and other receivables
2024
2023
Amounts falling due within one year:
£
£
Other receivables
500,000
6
Current liabilities
2024
2023
£
£
Other payables
1,550
7
Non-current liabilities
2024
2023
£
£
Other payables
8,752,927
Other payables (2023) represent amounts due to the parent company, High Winds Community Energy Society Limited.
8
Parent company
The ultimate controlling party is High Winds Community Energy Society Limited, a community benefit society registered in England under the Co-operative and Community Benefit Societies Act and which holds the entire share capital of the company. During the year inter-company balances, assets and liabilities have been hived up to High Winds Community Energy Society Limited.