Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-311false2023-04-011truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04706196 2023-04-01 2024-03-31 04706196 2022-04-01 2023-03-31 04706196 2024-03-31 04706196 2023-03-31 04706196 c:Director1 2023-04-01 2024-03-31 04706196 d:OtherPropertyPlantEquipment 2023-04-01 2024-03-31 04706196 d:OtherPropertyPlantEquipment 2024-03-31 04706196 d:OtherPropertyPlantEquipment 2023-03-31 04706196 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 04706196 d:CurrentFinancialInstruments 2024-03-31 04706196 d:CurrentFinancialInstruments 2023-03-31 04706196 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 04706196 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 04706196 d:ShareCapital 2024-03-31 04706196 d:ShareCapital 2023-03-31 04706196 d:RetainedEarningsAccumulatedLosses 2024-03-31 04706196 d:RetainedEarningsAccumulatedLosses 2023-03-31 04706196 c:OrdinaryShareClass1 2023-04-01 2024-03-31 04706196 c:OrdinaryShareClass1 2024-03-31 04706196 c:FRS102 2023-04-01 2024-03-31 04706196 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 04706196 c:FullAccounts 2023-04-01 2024-03-31 04706196 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 04706196














ARGYLL AND BUTE GREEN ENERGY LTD

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

 
ARGYLL AND BUTE GREEN ENERGY LTD
 

CONTENTS



Page
Balance sheet
 
1 - 2
Notes to the financial statements
 
3 - 6


 
ARGYLL AND BUTE GREEN ENERGY LTD
REGISTERED NUMBER:04706196

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,840,000
1,920,000

  
1,840,000
1,920,000

Current assets
  

Debtors: amounts falling due within one year
 5 
164,944
26,711

Cash at bank and in hand
 6 
68,176
2,041

  
233,120
28,752

Creditors: amounts falling due within one year
 7 
(1,890,211)
(1,875,977)

Net current liabilities
  
 
 
(1,657,091)
 
 
(1,847,225)

Total assets less current liabilities
  
182,909
72,775

  

Net assets
  
182,909
72,775


Capital and reserves
  

Called up share capital 
 8 
8,705,366
8,705,366

Profit and loss account
  
(8,522,457)
(8,632,591)

  
182,909
72,775


1

 
ARGYLL AND BUTE GREEN ENERGY LTD
REGISTERED NUMBER:04706196
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




M P M Olive
Director

Date: 17 February 2025

The notes on pages 3 to 6 form part of these financial statements.

2

 
ARGYLL AND BUTE GREEN ENERGY LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Argyll and Bute Green Energy Ltd is a private company, limited by shares, registered in England and Wales, registration number 04706196. The registered office address is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE.
The principal activity of the company is the production of electricity.
 
2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The company's presentational and functional currency is pound sterling.
 
The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue receivable from production of electricity is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.  

 
2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits;
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met; and
Where they relate to timing differences in respect of interests in subsidiaries, associates, branches and joint ventures and the company can control the reversal of the timing differences and such reversal is not considered probable in the foreseeable future.

Deferred tax balances are not recognised in respect of permanent differences. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3

 
ARGYLL AND BUTE GREEN ENERGY LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

The estimated useful lives range as follows:

Other fixed assets
-
25 years

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Financial instruments

The company only enters into basic financial instrument transactions that result in the recongnition of financial assets and liabilities like trade and other debtors and creditors, loans from other third parties.

3.

Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

4

 
ARGYLL AND BUTE GREEN ENERGY LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Other fixed assets

£



Cost or valuation


At 1 April 2023
2,000,000



At 31 March 2024

2,000,000



Depreciation


At 1 April 2023
80,000


Charge for the year on owned assets
80,000



At 31 March 2024

160,000



Net book value



At 31 March 2024
1,840,000



At 31 March 2023
1,920,000


5.


Debtors

2024
2023
£
£


Trade debtors
-
26,711

Other debtors
2,566
-

Prepayments and accrued income
162,378
-

164,944
26,711



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
68,176
2,041


5

 
ARGYLL AND BUTE GREEN ENERGY LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
6,019
5,500

Other taxation and social security
-
26,518

Other creditors
1,826,872
1,838,740

Accruals and deferred income
57,320
5,219

1,890,211
1,875,977



8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



8,705,366 Ordinary shares of £1.00 each
8,705,366
8,705,366



9.


Related party transactions

As at the year end, a balance of £NIL (2023 - £17,041) was due to the director. This is an interest free loan that is repayable on demand.

6