During the year the company lent to Cornish Wind Ltd, a related party, in order to provide funding for working capital. The balance outstanding at 30 June 2024 is £30,000 (2023:£ Nil).
During the year the Company lent to Southgate Wind Ltd, a related party, in order to provide funding for working capital. The balance outstanding at 30 June 2024 is £63,000 (2023: £18,000).
During the year the Company lent to Wind Renewables Income Holdco Ltd, a related party, in order to provide funding for working capital. The balance outstanding at 30 June 2024 is £1,393,323 (2023: £1,373,773).
During the year the Company lent to Wind Renewables Income Fund, a related party, in order to provide funding for working capital. The balance outstanding at 30 June 2024 is £194,909 (2023: £103,262).
During the year the Company lent to WR (Haregrove) Limited, a related party, in order to provide funding for working capital. The balance outstanding at 30 June 2024 is £50,354 (2023: £50,354).
During the year the Company borrowed from Chickenhawk Limited, a related party, in order to provide funding for working capital. The balance outstanding at 30 June 2024 is £5,000 (2023: £5,000).
During the year the Company borrowed from Lepetomane Limited, a related party, in order to provide funding for working capital. The balance outstanding at 30 June 2024 is £5,000 (2023: £5,000).
During the year the Company borrowed from Moneysallin Wind Limited, a related party, in order to provide funding for working capital. The balance outstanding at 30 June 2024 is £51 (2023: £51).
During the year the Company borrowed from Myreton Windpower Ltd, a related party, in order to provide funding for working capital. The balance outstanding at 30 June 2024 was £1,177,180 (2023: £1,179,610).
During the year the Company borrowed from WR (Alfreton) Limited, a related party, in order to provide funding for working capital. The balance outstanding at 30 June 2024 is £10,000 (2023: £10,000).
During the year the Company borrowed from WR (Bennett) Limited, a related party, in order to provide funding for working capital. The balance outstanding at 30 June 2024 is £33,966 (2023: £33,966).
During the year the Company borrowed from WR (Pen y Fan) Limited, a related party, in order to provide funding for working capital. The balance outstanding at 30 June 2024 is £20,005 (2023: £20,005).
During the year the Company borrowed from WR (Techboard) Limited, a related party, in order to provide funding for working capital. The balance outstanding at 30 June 2024 is £15,000 (2023: £15,000).
All of the above lendings and borrowings are on an interest-free basis, unsecured and repayable on demand.
Amounts owed to group undertakings and other participating interests include intercompany management fees owed to Wind Renewables Income Fund. The management fees for the year total £12,307 (2023: £13,239) with a balance payable at 30 June 2024 of £2,923 (2023: £3,148).
No adjustment has been made to reflect the value of any interest free loans at present value as, in the opinion of the Directors, this would not have any material affect on the financial statements.