Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-30222023-07-01falseNo description of principal activityfalsetruefalse SC457762 2023-07-01 2024-06-30 SC457762 2022-07-01 2023-06-30 SC457762 2024-06-30 SC457762 2023-06-30 SC457762 c:Director1 2023-07-01 2024-06-30 SC457762 c:Director4 2023-07-01 2024-06-30 SC457762 c:RegisteredOffice 2023-07-01 2024-06-30 SC457762 d:OtherPropertyPlantEquipment 2023-07-01 2024-06-30 SC457762 d:OtherPropertyPlantEquipment 2024-06-30 SC457762 d:OtherPropertyPlantEquipment 2023-06-30 SC457762 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 SC457762 d:CurrentFinancialInstruments 2024-06-30 SC457762 d:CurrentFinancialInstruments 2023-06-30 SC457762 d:Non-currentFinancialInstruments 2024-06-30 SC457762 d:Non-currentFinancialInstruments 2023-06-30 SC457762 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 SC457762 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 SC457762 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 SC457762 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 SC457762 d:ShareCapital 2024-06-30 SC457762 d:ShareCapital 2023-06-30 SC457762 d:RetainedEarningsAccumulatedLosses 2024-06-30 SC457762 d:RetainedEarningsAccumulatedLosses 2023-06-30 SC457762 c:OrdinaryShareClass1 2023-07-01 2024-06-30 SC457762 c:OrdinaryShareClass1 2024-06-30 SC457762 c:FRS102 2023-07-01 2024-06-30 SC457762 c:Audited 2023-07-01 2024-06-30 SC457762 c:FullAccounts 2023-07-01 2024-06-30 SC457762 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 SC457762 c:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 SC457762 e:PoundSterling 2023-07-01 2024-06-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC457762










EAST COAST VINERS RENEWABLES LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

 
EAST COAST VINERS RENEWABLES LIMITED
 

COMPANY INFORMATION


Directors
J I Forbes 
G A Forbes 




Registered number
SC457762



Registered office
Broadwood
Drumlithie

Stonehaven

AB39 3XA




Independent auditors
Sumer Auditco Limited
Chartered Accountants & Statutory Auditors

14 City Quay

Dundee

DD1 3JA





 
EAST COAST VINERS RENEWABLES LIMITED
REGISTERED NUMBER: SC457762

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024

2024
2023
Note
£
£

FIXED ASSETS
  

Tangible assets
 4 
3,608,626
3,972,430

  
3,608,626
3,972,430

CURRENT ASSETS
  

Debtors: amounts falling due within one year
 5 
5,506,362
4,295,464

Cash at bank and in hand
  
132,617
183,207

  
5,638,979
4,478,671

Creditors: amounts falling due within one year
 6 
(630,910)
(1,291,539)

NET CURRENT ASSETS
  
 
 
5,008,069
 
 
3,187,132

TOTAL ASSETS LESS CURRENT LIABILITIES
  
8,616,695
7,159,562

Creditors: amounts falling due after more than one year
 7 
-
(892,080)

PROVISIONS FOR LIABILITIES
  

Deferred tax
  
(699,728)
(746,243)

  
 
 
(699,728)
 
 
(746,243)

NET ASSETS
  
7,916,967
5,521,239


CAPITAL AND RESERVES
  

Called up share capital 
 8 
100
100

Profit and loss account
  
7,916,867
5,521,139

  
7,916,967
5,521,239


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 statement of income and retained earnings 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 on 27 March 2025.



J I Forbes
G A Forbes
Director
Director

The notes on pages 2 to 8 form part of these financial statements.

Page 1

 
EAST COAST VINERS RENEWABLES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


GENERAL INFORMATION

East Coast Viners Renewables Limited is a private company, limited by shares, domiciled in Scotland with registration number SC457762. The registered office is Broadwood, Drumlithie, Stonehaven, Aberdeenshire, AB39 3XA.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are presented in Sterling, which is the functional currency of the Company and rounded to the nearest £.

The following principal accounting policies have been applied:

 
2.2

TURNOVER

Turnover comprises of revenue recognised by the company in respect of renewable energy generated and sold, exclusive of Value Added Tax.

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 2

 
EAST COAST VINERS RENEWABLES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.3

CURRENT AND DEFERRED TAXATION

The tax expense for the year comprises current and deferred tax. 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 reporting 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 reporting 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; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


Page 3

 
EAST COAST VINERS RENEWABLES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 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.

Depreciation is provided at the following rate:

Wind turbines
-
5%

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

PROVISIONS FOR LIABILITIES

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 4

 
EAST COAST VINERS RENEWABLES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.6

FINANCIAL INSTRUMENTS

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Basic financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Page 5

 
EAST COAST VINERS RENEWABLES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


TANGIBLE FIXED ASSETS





Wind turbines

£



COST OR VALUATION


At 1 July 2023
7,276,060



At 30 June 2024

7,276,060



DEPRECIATION


At 1 July 2023
3,303,630


Charge for the year on owned assets
363,804



At 30 June 2024

3,667,434



NET BOOK VALUE



At 30 June 2024
3,608,626



At 30 June 2023
3,972,430


5.


DEBTORS

2024
2023
£
£


Trade debtors
111,389
78,465

Amounts owed by group undertakings
4,745,695
3,712,893

Other debtors
649,278
504,106

5,506,362
4,295,464


Page 6

 
EAST COAST VINERS RENEWABLES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

6.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Bank loans
-
612,709

Trade creditors
401,041
82,711

Other taxation and social security
224,855
376,975

Other creditors
5,014
219,144

630,910
1,291,539



7.


CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024
2023
£
£

Bank loans
-
892,080


Page 7

 
EAST COAST VINERS RENEWABLES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

8.


SHARE CAPITAL

2024
2023
£
£
ALLOTTED, CALLED UP AND FULLY PAID



100 Ordinary shares of £1.00 each
100
100




9.


CONTROLLING PARTY

East Coast Viners (Holdings) Limited is the sole shareholder and ultimate controlling parent of East Coast Viners Renewables Limited.


10.


AUDITORS' INFORMATION

The auditors' report on the financial statements for the year ended 30 June 2024 was unqualified.

The audit report was signed on 28 March 2025 by Douglas Rae (Senior statutory auditor) on behalf of Sumer Auditco Limited.


Page 8