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REGISTERED NUMBER: 08574661 (England and Wales)
























Unaudited Financial Statements

for the Period 1 April 2023 to 30 March 2024

for

Bio Dynamic (UK) Limited

Bio Dynamic (UK) Limited (Registered number: 08574661)






Contents of the Financial Statements
for the Period 1 April 2023 to 30 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Bio Dynamic (UK) Limited

Company Information
for the Period 1 April 2023 to 30 March 2024







DIRECTORS: Maxwell Bagnall
William Jay Bagnall
Richard David Wilson
Peter David Clarson





REGISTERED OFFICE: 7 Park Lane Business Centre
Basford
Nottingham
NG6 0DW





REGISTERED NUMBER: 08574661 (England and Wales)





ACCOUNTANTS: KD3 Accountancy Services Ltd
Apex House
7 Park Lane Business Centre
Basford
Nottingham
Nottinghamshire
NG6 0DW

Bio Dynamic (UK) Limited (Registered number: 08574661)

Balance Sheet
30 March 2024

2024 2023
as restated
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 7,860,000
Tangible assets 5 48,232,611 26,649,875
48,232,611 34,509,875

CURRENT ASSETS
Debtors 6 1,271,730 1,017,302
Cash at bank and in hand 909,501 164,459
2,181,231 1,181,761
CREDITORS
Amounts falling due within one year 7 42,743,115 30,994,266
NET CURRENT LIABILITIES (40,561,884 ) (29,812,505 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,670,727

4,697,370

CREDITORS
Amounts falling due after more than one year 8 2,772,201 2,303,620
NET ASSETS 4,898,526 2,393,750

CAPITAL AND RESERVES
Called up share capital 2,000 1,000
Revaluation reserve 10 35,378,250 24,481,923
Retained earnings (30,481,724 ) (22,089,173 )
4,898,526 2,393,750

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Bio Dynamic (UK) Limited (Registered number: 08574661)

Balance Sheet - continued
30 March 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 Board of Directors and authorised for issue on 14 March 2025 and were signed on its behalf by:





Maxwell Bagnall - Director


Bio Dynamic (UK) Limited (Registered number: 08574661)

Notes to the Financial Statements
for the Period 1 April 2023 to 30 March 2024

1. STATUTORY INFORMATION

Bio Dynamic (UK) Limited is a private company, limited by shares , registered in England and Wales. 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 as modified by the revaluation of certain assets.

Turnover
Turnover is recognised to the extent it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised.

Transmission of gas and electricity

- Turnover from a contract to transmit gas and electricity is recognised in the period in which the transmissions are made;
- The transmission of gas and electricity is measured and agreed by the customer, inclusive of subsidies, excluding discounts and value added tax;
- The amount of turnover can be measured reliably;
- It is possible that the company will receive the consideration due under the contract.

Intangible assets
Intangible assets are initially recognised at valuation. No amortisation has been charged within the period as the gas to grid facility was not fully functional.

Intangible assets are carried at fair value at the date of revaluation less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the Balance Sheet date.

Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in the Statement of Income and Retained Earnings unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

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. No depreciation has been charged on plant and machinery within the period as the site was not operational.

Plant and machinery - 4% straight line
Fixtures and fittings - 20% reducing balance
Computer equipment - 25% reducing balance

Bio Dynamic (UK) Limited (Registered number: 08574661)

Notes to the Financial Statements - continued
for the Period 1 April 2023 to 30 March 2024

2. ACCOUNTING POLICIES - continued

Taxation
Taxation for the period 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 period 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
Rentals paid under the operating leases are charged to the profit and loss and retained earnings on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessees benefit from the use of the leased asset.

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful economic lives. Assets acquired by hire purchase are depreciated over their useful lives.

Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss and retained earnings so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2023 - 1 ) .

Bio Dynamic (UK) Limited (Registered number: 08574661)

Notes to the Financial Statements - continued
for the Period 1 April 2023 to 30 March 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST OR VALUATION
At 1 April 2023 7,860,000
Revaluations (7,860,000 )
At 30 March 2024 -
NET BOOK VALUE
At 30 March 2024 -
At 31 March 2023 7,860,000


5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 April 2023 1,232,611 27,306,195 28,538,806
Additions - 5,139,398 5,139,398
Revaluations - 14,554,407 14,554,407
At 30 March 2024 1,232,611 47,000,000 48,232,611
DEPRECIATION
At 1 April 2023 - 1,888,931 1,888,931
Charge for period - 2,312,987 2,312,987
Revaluation adjustments - (4,201,918 ) (4,201,918 )
At 30 March 2024 - - -
NET BOOK VALUE
At 30 March 2024 1,232,611 47,000,000 48,232,611
At 31 March 2023 1,232,611 25,417,264 26,649,875

The gross depreciation charge within administration expenses of £2,312,987 includes £1,221,837 accelerated depreciation in respect of the CHPs replaced following the change in government legislation allowing new for old to qualify for the Feed In Tariff.

Bio Dynamic (UK) Limited (Registered number: 08574661)

Notes to the Financial Statements - continued
for the Period 1 April 2023 to 30 March 2024

5. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 30 March 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2024 - 14,582,535 14,582,535
Cost 1,232,611 32,417,465 33,650,076
1,232,611 47,000,000 48,232,611

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Trade debtors 560,299 285,247
Other debtors 711,431 732,055
1,271,730 1,017,302

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Bank loans and overdrafts (see note 9) 540,897 719,310
Hire purchase contracts 265,141 123,992
Trade creditors 2,938,114 1,712,176
Amounts owed to participating interests 36,174,307 25,660,316
Taxation and social security - (4,469 )
Other creditors 2,824,656 2,782,941
42,743,115 30,994,266

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
as restated
£    £   
Bank loans (see note 9) 1,349,594 1,715,716
Hire purchase contracts 634,859 -
Other creditors 787,748 587,904
2,772,201 2,303,620

Bio Dynamic (UK) Limited (Registered number: 08574661)

Notes to the Financial Statements - continued
for the Period 1 April 2023 to 30 March 2024

9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
as restated
£    £   
Amounts falling due within one year or on demand:
Bank loans 540,897 719,310

Amounts falling due between one and two years:
Bank loans - 1-2 years 1,140,622 746,156

Amounts falling due between two and five years:
Bank loans - 2-5 years 208,972 969,560

Loans are secured over the company and its assets.

10. RESERVES
Revaluation
reserve
£   
At 1 April 2023 24,481,923
Revaluation 10,896,327

At 30 March 2024 35,378,250

11. RELATED PARTY DISCLOSURES

Included within other creditors is an amount owed to Mr W M Bagnall, father of W J Bagnall and Mr M Bagnall, the directors.



12. POST BALANCE SHEET EVENTS

The key investor of the company, A W Lymn Green Energy, has continued to support the business with further injections of cash totalling £3.75m since the 2024 period end, and has also continued to roll up its interest charges.

13. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is The Bagnall Group (Europe) Limited.