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REGISTERED NUMBER: SC383960 (Scotland)















Financial Statements for the Year Ended 31 August 2024

for

Caithness Renewables Ltd

Caithness Renewables Ltd (Registered number: SC383960)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Caithness Renewables Ltd

Company Information
for the Year Ended 31 August 2024







DIRECTOR: Ms L Smith-Dasar





REGISTERED OFFICE: 43 John Kennedy Drive
Thurso
Caithness
KW14 7DZ





REGISTERED NUMBER: SC383960 (Scotland)





ACCOUNTANTS: Reid & Fraser
Chartered Accountants
15 Princes Street
Thurso
Caithness
KW14 7BQ

Caithness Renewables Ltd (Registered number: SC383960)

Balance Sheet
31 August 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 13,726 15,768

CURRENT ASSETS
Debtors 5 18 18
Cash at bank 2,015 556
2,033 574
CREDITORS
Amounts falling due within one year 6 (15,543 ) (15,760 )
NET CURRENT LIABILITIES (13,510 ) (15,186 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

216

582

CREDITORS
Amounts falling due after more than one
year

7

(392

)

(785

)

ACCRUALS AND DEFERRED INCOME (3,106 ) (3,546 )
NET LIABILITIES (3,282 ) (3,749 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (3,382 ) (3,849 )
SHAREHOLDERS' FUNDS (3,282 ) (3,749 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Caithness Renewables Ltd (Registered number: SC383960)

Balance Sheet - continued
31 August 2024


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 4 March 2025 and were signed by:





Ms L Smith-Dasar - Director


Caithness Renewables Ltd (Registered number: SC383960)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Caithness 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Tenants Property Improvements - 5% straight line
Plant and machinery etc - 15% 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Caithness Renewables Ltd (Registered number: SC383960)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

2. ACCOUNTING POLICIES - continued

GOVERNMENT GRANTS
Government grants in respect of capital expenditure are credited to a deferred income account and are released to profit over the expected useful lives of the relevant assets by annual instalments.

Grants of a revenue nature are credited to income so as to match them with the expenditure to which they relate.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Tenants Plant and
Property machinery
Improvements etc Totals
£    £    £   
COST
At 1 September 2023
and 31 August 2024 30,807 12,597 43,404
DEPRECIATION
At 1 September 2023 18,372 9,264 27,636
Charge for year 1,543 499 2,042
At 31 August 2024 19,915 9,763 29,678
NET BOOK VALUE
At 31 August 2024 10,892 2,834 13,726
At 31 August 2023 12,435 3,333 15,768

Fixed assets, included in the above, which are held under finance leases are as follows:

Plant and
machinery
etc
£   
COST
At 1 September 2023
and 31 August 2024 1,962
DEPRECIATION
At 1 September 2023
and 31 August 2024 544
NET BOOK VALUE
At 31 August 2024 1,418
At 31 August 2023 1,418

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 18 18

Caithness Renewables Ltd (Registered number: SC383960)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Finance leases 392 392
Trade creditors 1,083 901
Taxation and social security 46 -
Other creditors 14,022 14,467
15,543 15,760

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Finance leases 392 785

8. GOING CONCERN

The director is aware that the company is technically insolvent, but believes the company will continue to trade as a going concern with continued personal financial support.