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Registration number: 07785632

Holton Renewable Power Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 30 June 2024

 

Holton Renewable Power Ltd
(Registration number: 07785632)

Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

4,221,387

4,460,690

Current assets

 

Debtors

5

109,214

155,590

Cash at bank and in hand

 

37,516

191,399

 

146,730

346,989

Creditors: Amounts falling due within one year

6

(1,089,161)

(679,622)

Net current liabilities

 

(942,431)

(332,633)

Total assets less current liabilities

 

3,278,956

4,128,057

Creditors: Amounts falling due after more than one year

6

(14,992,466)

(13,224,208)

Net liabilities

 

(11,713,510)

(9,096,151)

Capital and reserves

 

Called up share capital

62,500

62,500

Revaluation reserve

2,263,014

2,263,014

Profit and loss account

(14,039,024)

(11,421,665)

Total equity

 

(11,713,510)

(9,096,151)

Approved and authorised by the Board on 26 March 2025 and signed on its behalf by:
 

.........................................
Mr W A Rogers
Director

 

Holton Renewable Power Ltd
(Registration number: 07785632)

Balance Sheet as at 30 June 2024

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 26 March 2025 and signed on its behalf by:
 

.........................................
Mr W A Rogers
Director

 

Holton Renewable Power Ltd
(Registration number: 07785632)

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
The Old School High Street
Stretham
Ely
CB6 3LD

These financial statements were authorised for issue by the Board on 26 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Holton Renewable Power Ltd
(Registration number: 07785632)

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Land and buildings

5% straight line

Plant and machinery

over 5, 7 or 15 years straight line or 10% reducing balance

Office equipment

33% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Holton Renewable Power Ltd
(Registration number: 07785632)

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 3).

 

Holton Renewable Power Ltd
(Registration number: 07785632)

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

4

Tangible assets

Land and buildings
£

Office equipment
 £

Plant and machinery
£

Total
£

Cost or valuation

At 1 July 2023

3,757,590

16,141

5,222,394

8,996,125

Additions

-

-

124,012

124,012

At 30 June 2024

3,757,590

16,141

5,346,406

9,120,137

Depreciation

At 1 July 2023

1,496,965

16,141

3,022,329

4,535,435

Charge for the year

187,879

-

175,436

363,315

At 30 June 2024

1,684,844

16,141

3,197,765

4,898,750

Carrying amount

At 30 June 2024

2,072,746

-

2,148,641

4,221,387

At 30 June 2023

2,260,625

-

2,200,065

4,460,690

Revaluation

The fair value of the company's Land and buildings was revalued on 30 June 2014. An independent valuer was not involved.
Included in Land and buildings is property which cost £1,494,576. The company directors revalued this in 2014. They consider the open market value at 30 June 2024 to be in excess of the carrying value in the accounts.
Had this class of asset been measured on a historical cost basis, the carrying amount would have been £714,935 (2023 - £789,664).

5

Debtors

2024
£

2023
£

Other debtors

27,073

52,933

Prepayments and accrued income

82,141

102,657

109,214

155,590

 

Holton Renewable Power Ltd
(Registration number: 07785632)

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

-

11,610

Trade creditors

 

344,936

176,676

Amounts owed to group undertakings and undertakings in which the company has a participating interest

723,175

465,928

Accruals and deferred income

 

21,050

25,408

 

1,089,161

679,622

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

7

14,992,466

13,224,208

7

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Other borrowings

14,992,466

13,224,208

Current loans and borrowings

2024
£

2023
£

Other borrowings

-

11,610