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Registered number: SC527643

NKS Renewable Energy Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/12/2024


NKS Renewable Energy Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/12/2024
DIRECTORS
David John Monks
REGISTERED OFFICE
3 Kilallan Ave
Bridge of Weir
Renfrewshire
PA11 3PW
COMPANY DETAILS
Private company limited by shares registered in SC - Scotland, registered number SC527643
BANKERS
Clydesdale Bank

NKS Renewable Energy Ltd

ACCOUNTS
FOR THEYEARENDED31/12/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

NKS Renewable Energy Ltd

BALANCE SHEET AT 31/12/2024
20242023
Notes££
FIXED ASSETS
Tangible assets34,316,2114,611,722
CURRENT ASSETS
Debtors4116,569121,217
116,569121,217
CREDITORS: Amounts falling due within one year5187,843219,323
NET CURRENT LIABILITIES(71,274)(98,106)
TOTAL ASSETS LESS CURRENT LIABILITIES4,244,9374,513,616
CREDITORS: Amounts falling due after more than one year62,018,1992,222,540
NET ASSETS2,226,7382,291,076
CAPITAL AND RESERVES
Called up share capital7100100
Revaluation reserve1d,82,241,2222,433,972
Profit and loss account(14,584)(142,996)
SHAREHOLDERS' FUNDS2,226,7382,291,076
For the year ending 31/12/2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 25/04/2025 and signed on their behalf by
.............................
David John Monks
Director

NKS Renewable Energy Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/12/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting FRS 1021 a
The accounts have been prepared under the historical cost convention. subject to the revaluation of assets where the director is of the opinion that it is prudent to do so.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1b. Change In Accounting Policy
In preparing the financial statements for the current year, the company has adopted the following Financial Reporting Standards:
-Financial Reporting Standard for Smaller Entities (effectiveJanuary 2015).
The adoption of new accounting standards has not resulted in any adjustments to the results of the company in either this year or the previous year.
1c. Depreciation
Depreciation & Amortisation.have been provided in order to write off the assets over their estimated remaining useful lives of 15 years
Plant And Machinerystraight line5%
1d. Revaluation Reserve
Surpluses or deficits arising on the revaluation of individual fixed assets other than investment properties are credited or debited to a non-distributible reserve known as the revaluation reserve (see also note 8).
Revaluation deficits in excess of the amount of prior revaluation surpluses on the same asset are charged to the profit and loss account.
2. EMPLOYEES
20242023
No.No.
Average number of employees11

NKS Renewable Energy Ltd

3. TANGIBLE FIXED ASSETS
Land AndPlant and
BuildingsMachineryTotal
£££
Cost
At 01/01/2024811,8214,380,4875,192,308
At 31/12/2024811,8214,380,4875,192,308
Depreciation & Amortisation
At 01/01/2024-584,065584,065
Amortisation of Revaluation Reserve-192,750192,750
Depreciation in the year-99,28299,282
At 31/12/2024-876,097876,097
Net Book Amounts
At 31/12/2024811,8213,504,3904,316,211
At 31/12/2023811,8213,796,4224,608,243
4. DEBTORS 20242023
££
Amounts falling due within one year
Prepayments22,72822,477
Accrued income73,84178,740
96,569101,217
Amounts falling due over more than one year
Decommissioning Bond20,00020,000
20,00020,000
116,569121,217
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
VAT20,7474,300
Bank loans and overdrafts30,13364,186
Term Loans inst < 1 year133,927128,313
Trade creditors1,03616,779
Accruals2,0005,745
187,843219,323

NKS Renewable Energy Ltd

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20242023
££
Term Loans >1yr1,816,1961,950,124
Related Party Loans202,003272,416
2,018,1992,222,540
7. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
100 Class 1 shares of £1 each100100
100100
8. REVALUATION RESERVE 20242023
££
Revaluation reserve2,241,2222,433,972
2,241,2222,433,972
9. SECURITY
The term loan is secured by a charge over all the assets contained within the heritable property at Nether Kypeside Farm Lesmahagow ML11 0JL. The security agents are Clydesdale Bank plc
10. PURCHASE OF LAND
The company purchased the land on which the turbine is situated thereby enabling it to terminate the lease. The land and buildings are valued at cost, including the stamp duty asssociated with the purchase.

NKS Renewable Energy Ltd

11. FIXED ASSET REVALUATION
The wind turbine site was revalued by the director as at 31 December 2021 on a Net Present Value (NPV) Basis. The discount rate used was 6.5%. The increase in valuation is influenced by both the recent spike in inflation and energy prices. The increased inflation in recent years has a material long term impacton both the feed-in tariff revenues and minimumexport prices, both of which are index-linked to RPI. The valuation has not been altered in the current year.