REI- Wind Holding Ltd - Filleted accounts

Registered number

NI672964

REI- Wind Holding Ltd

Report and Unaudited Accounts

31 December 2024

REI- Wind Holding Ltd

Company Information

Directors

Jurgen Fuhrlander

Accountants

Tyrone Accountancy Services

8-10 Church Street

Omagh

Co. Tyrone

BT78 1DG

Registered office

8-10 Church Street

Omagh

Co. Tyrone

BT78 1DG

Registered number

NI672964

REI- Wind Holding Ltd
Registered number:			NI672964
Balance Sheet
as at 31 December 2024

Notes				2024			2023
£					£
Current assets
Debtors	3		1,097,340			1,406,218

Creditors: amounts falling due within one year	4		(1,221,759)			(1,484,843)

Net current liabilities				(124,419)			(78,625)

Net liabilities				(124,419)			(78,625)

Capital and reserves
Called up, issued and fully paid share capital				100			100
Profit and loss account				(124,519)			(78,725)

Shareholders' funds	8			(124,419)			(78,625)

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime.
The profit and loss account has not been delivered to the Registrar of Companies under section 444 of the Companies Act 2006.

The notes on pages 6 to 8 form an integral part of the accounts.



Jurgen Fuhrlander
Director
Approved by the board on 2 April 2025

REI- Wind Holding Ltd
Notes to the Accounts
for the year ended 31 December 2024


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.

	The financial statements are presented in UK Sterling pounds (£)

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Financial instruments
	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 entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classes as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

	Provisions
	Provisions (i.e. liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.


2	Employees					2024		2023
Number							Number

	Average number of persons employed by the company					-		-

3	Debtors					2024		2023
£							£

	Deferred tax asset					-		18,466
	Other debtors					1,097,340		1,387,752
						1,097,340		1,406,218

4	Creditors: amounts falling due within one year					2024		2023
£							£

	Trade creditors					780		-
	Other creditors					1,220,979		1,484,843
						1,221,759		1,484,843

5	Provision for liabilities

	Deferred Taxation
£							£

	At 1 January 2024					(18,466)		(16,415)
	Charged to the profit and loss					18,466		(2,051)

	At 31 December 2024					-		(18,466)


	The provision for deferred taxation is made up as follows:

						2024		2023
£							£

	Corporation tax losses					(18,466)		2,051

						(18,466)		2,051

6	Related party transactions

	At the balance sheet date the company had the following balances with members of its group: Due from Lurganboy Wind Ltd - £971,725 Due from Highland Wind Energy Ltd - £7,160 The amounts due are in euro and have been reconverted to sterling at the year end. During the year Highland Wind Energy Ltd repaid €277,834. These balances are reflected in the debtors figure on the balance sheet. The balances are interest free and repayable on demand. REI- Wind Holding Ltd is a parent undertaking, owning 50% of the share capital of Lurganboy Wind Ltd. Lurganboy Wind Ltd is the ultimate parent undertaking of Highland Wind Energy Ltd.

7	Directors' advances, credits and guarantees

	During the year there were no transactions with the directors. The balance owed to the director at the year end remained £1,340. The balances are interest free and repayable on demand.

8	Statement of changes in equity

	The shareholders funds represents cumulative profits or losses, net of dividends paid, deferred tax adjustments and other adjustments.

9	Other information

	REI- Wind Holding Ltd is a private company limited by shares and incorporated in Northern Ireland. Its registered office is:
	8-10 Church Street
	Omagh
	Co. Tyrone
	BT78 1DG