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REGISTERED NUMBER: SO304055 (Scotland)













UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 MAY 2023 TO 31 MARCH 2024

FOR

LEYLODGE RENEWABLES LLP

LEYLODGE RENEWABLES LLP (REGISTERED NUMBER: SO304055)






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


LEYLODGE 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





REGISTERED OFFICE: Muirden Farm
Turriff
Aberdeenshire
AB53 4NH





REGISTERED NUMBER: SO304055 (Scotland)





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

LEYLODGE RENEWABLES LLP (REGISTERED NUMBER: SO304055)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 637,696 693,813

CURRENT ASSETS
Debtors 5 287,906 274,432
Cash at bank 18,502 66,154
306,408 340,586
CREDITORS
Amounts falling due within one year 6 (19,121 ) (19,416 )
NET CURRENT ASSETS 287,287 321,170
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

924,983

1,014,983

LOANS AND OTHER DEBTS DUE TO
MEMBERS

-

-

MEMBERS' OTHER INTERESTS
Capital accounts 924,983 1,014,983
924,983 1,014,983

TOTAL MEMBERS' INTERESTS
Members' other interests 924,983 1,014,983
Amounts due from members 5 (212,500 ) (239,343 )
712,483 775,640

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.

LEYLODGE RENEWABLES LLP (REGISTERED NUMBER: SO304055)

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 14 March 2025 and were signed by:





D A S Green - Designated member

LEYLODGE RENEWABLES LLP (REGISTERED NUMBER: SO304055)

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

1. STATUTORY INFORMATION

Leylodge Renewables LLP is registered in Scotland, registration number SO304055. 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 later in these notes.

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.

LEYLODGE RENEWABLES LLP (REGISTERED NUMBER: SO304055)

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

2. ACCOUNTING POLICIES - continued

Financial instruments
The company 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.

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

Creditors
Short term trade creditors are measured at the transaction price.

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 1,224,377
DEPRECIATION
At 1 May 2023 530,564
Charge for period 56,117
At 31 March 2024 586,681
NET BOOK VALUE
At 31 March 2024 637,696
At 30 April 2023 693,813

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 46,097 5,966
Other debtors 241,809 268,466
287,906 274,432

LEYLODGE RENEWABLES LLP (REGISTERED NUMBER: SO304055)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - (84 )
Taxation and social security 2,168 4,858
Other creditors 16,953 14,642
19,121 19,416