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REGISTERED NUMBER: SO304053 (Scotland)













UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 MAY 2023 TO 31 MARCH 2024

FOR

MAINS OF AUCHREDDIE RENEWABLES LLP

MAINS OF AUCHREDDIE RENEWABLES LLP (REGISTERED NUMBER: SO304053)






CONTENTS OF THE FINANCIAL STATEMENTS
for the period 1 MAY 2023 TO 31 MARCH 2024




Page

General Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


MAINS OF AUCHREDDIE RENEWABLES LLP

GENERAL INFORMATION
for the period 1 MAY 2023 TO 31 MARCH 2024







DESIGNATED MEMBERS: A J Duncan
A W J Fowlie
D A S Green
The Firm Of Auchreddie Farms





REGISTERED OFFICE: Muirden Farm
Turriff
Aberdeenshire
AB53 4NH





REGISTERED NUMBER: SO304053 (Scotland)





ACCOUNTANTS: Thomas Barrie & Co LLP
Atlantic House
1a Cadogan Street
Glasgow
G2 6QE

MAINS OF AUCHREDDIE RENEWABLES LLP (REGISTERED NUMBER: SO304053)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 597,447 650,446

CURRENT ASSETS
Debtors 5 83,460 (363,738 )
Cash at bank 16,361 501,764
99,821 138,026
CREDITORS
Amounts falling due within one year 6 (118,676 ) (108,678 )
NET CURRENT (LIABILITIES)/ASSETS (18,855 ) 29,348
TOTAL ASSETS LESS CURRENT
LIABILITIES

578,592

679,794

CREDITORS
Amounts falling due after more than one
year

7

(147,411

)

(239,605

)
NET ASSETS ATTRIBUTABLE TO
MEMBERS

431,181

440,189

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

113,069

72,077

MEMBERS' OTHER INTERESTS
Capital accounts 318,112 368,112
431,181 440,189

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 113,069 72,077
Members' other interests 318,112 368,112
Amounts due from members 5 - (11,090 )
431,181 429,099

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the period ended 31 March 2024.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

MAINS OF AUCHREDDIE RENEWABLES LLP (REGISTERED NUMBER: SO304053)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2024


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

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 21 March 2025 and were signed by:





D A S Green - Designated member

MAINS OF AUCHREDDIE RENEWABLES LLP (REGISTERED NUMBER: SO304053)

NOTES TO THE FINANCIAL STATEMENTS
for the period 1 MAY 2023 TO 31 MARCH 2024

1. STATUTORY INFORMATION

Mains Of Auchreddie Renewables Llp is registered in Scotland, registration number SO304053. The registered office is Muirden Farm, Turriff, Aberdeenshire, AB53 4NH.

The principal activity of the LLP is renewable energy.

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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

The presentational and functional currency of the financial statements is Pounds Sterling (£).

Significant judgements and estimates
In preparing these financial statements, the members are required to make judgements, estimates and assumptions that affect the application of the LLP's accounting policies and the reported amounts of assets, liabilities, income and expenses. Actual results may differ from these estimates. Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to estimates are recognised prospectively.

The following judgements and estimates have had the most significant effects on amounts recognised in the financial statements:

Plant and equipment
The estimates and assumptions made to determine asset lives require judgements to be made as regards useful lives and residual values. The useful lives and residual values of the LLP's financial assets are determined by management at the time the asset is acquired and reviewed annually for appropriateness. The lives are based on management experience with similar assets. The depreciation rates applied are outlined below.

Turnover
Turnover is measured at the fair value of consideration received or receivable, taking into account the amount of any discounts and rebates allowed by the entity, but excluding value added tax and other sales taxes.

Production of electricity
Income is recognised in the period in which the electricity has been generated.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 5% on cost

The carrying values of tangible fixed assets are reviewed for impairment if events or changes in circumstances indicate the carrying values may not be reasonable.

MAINS OF AUCHREDDIE RENEWABLES LLP (REGISTERED NUMBER: SO304053)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 1 MAY 2023 TO 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
The LLP has financial assets and financial liabilities of a kind that qualify as basic financial instruments.

Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents
Cash and cash equivalents comprise cash balances.

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

Provisions
Provisions are determined by discounting the expected future cash flows at a pre-tax rate that reflects current market assessments of the time value of money and the risks specific to the liability. The unwinding of the discount is recognised as finance cost.

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

3. EMPLOYEE INFORMATION

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023
and 31 March 2024 1,156,349
DEPRECIATION
At 1 May 2023 505,903
Charge for period 52,999
At 31 March 2024 558,902
NET BOOK VALUE
At 31 March 2024 597,447
At 30 April 2023 650,446

MAINS OF AUCHREDDIE RENEWABLES LLP (REGISTERED NUMBER: SO304053)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 1 MAY 2023 TO 31 MARCH 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 7,494 (440,406 )
Other debtors 75,966 76,668
83,460 (363,738 )

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 759 689
Taxation and social security 2,274 2,658
Other creditors 115,643 105,331
118,676 108,678

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 147,411 239,605

8. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a winding up. There is no provision for specific legally enforceable protection afforded to creditors in such an event. There are no restrictions or limitations on the ability of the members to reduce the amount of 'Members' other interests.

9. RELATED PARTY DISCLOSURES

Rent to the value of £23,055 (2023: £22,409) was paid to LLP member, The Firm of Auchreddie Farms, during the year.