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REGISTERED NUMBER: SC521681 (Scotland)











Unaudited Financial Statements for the Year Ended 31st March 2024

for

Outertown Energies Limited

Outertown Energies Limited (Registered number: SC521681)






Contents of the Financial Statements
for the Year Ended 31st March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5

Report of the Accountants 6

Outertown Energies Limited

Company Information
for the Year Ended 31st March 2024







DIRECTORS: K C Nelson
A Nelson





REGISTERED OFFICE: Farries, Kirk & McVean
Dumfries Enterprise Park
Dumfries
DUMFRIESSHIRE
DG1 3SJ





REGISTERED NUMBER: SC521681 (Scotland)





ACCOUNTANTS: Farries Kirk & McVean
Dumfries Enterprise Park
Heathhall
Dumfries
DUMFRIESSHIRE
DG1 3SJ

Outertown Energies Limited (Registered number: SC521681)

Balance Sheet
31st March 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 90,465 106,430

CURRENT ASSETS
Stocks 5,000 5,000
Debtors 5 51,421 61,054
Cash at bank 834 -
57,255 66,054
CREDITORS
Amounts falling due within one year 6 91,417 32,404
NET CURRENT (LIABILITIES)/ASSETS (34,162 ) 33,650
TOTAL ASSETS LESS CURRENT
LIABILITIES

56,303

140,080

CREDITORS
Amounts falling due after more than one year 7 172,334 204,149
NET LIABILITIES (116,031 ) (64,069 )

CAPITAL AND RESERVES
Called up share capital 150 150
Retained earnings (116,181 ) (64,219 )
SHAREHOLDERS' FUNDS (116,031 ) (64,069 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company 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 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27th May 2025 and were signed on its behalf by:





K C Nelson - Director


Outertown Energies Limited (Registered number: SC521681)

Notes to the Financial Statements
for the Year Ended 31st March 2024

1. STATUTORY INFORMATION

Outertown Energies Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The place of business of the company is Outertown, Annan, DG12 5LN.

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 Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable from sales of renewable energy, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 15% on reducing balance

Amounts written off each asset over the estimated useful life represent cost less residual value.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
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 debtors
Trade debtors are amounts due from customers for the sale of goods and services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price and represent the full value of the goods and services charged to customers, including any amounts charged on for third parties.

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.

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 transactions 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.

Provisions and contingencies
Provisions are recognised when the company has a present legal or constructive obligation as a result of past events; it is probable that an outflow of resources will be required to settle the obligation; and the amount of the obligation can be estimated reliably.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Outertown Energies Limited (Registered number: SC521681)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2023
and 31st March 2024 332,000
DEPRECIATION
At 1st April 2023 225,570
Charge for year 15,965
At 31st March 2024 241,535
NET BOOK VALUE
At 31st March 2024 90,465
At 31st March 2023 106,430

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 50,000 50,000
Other debtors 1,421 11,054
51,421 61,054

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 30,000 30,528
Trade creditors 550 1,326
Other creditors 60,867 550
91,417 32,404

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 172,334 204,149

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 4,149

Outertown Energies Limited (Registered number: SC521681)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdraft - 528
Bank loans 202,334 234,149
202,334 234,677

Bank of Scotland hold a Guarantee and Indemnity for £350,000 and interest by Mr I Nelson supported by Standard Security over Crossbankhead Farm, Waterbeck, Lockerbie.

Bank of Scotland also hold a Bond and Floating Charge over the whole of the property and undertaking.

Outertown Energies Limited

Report of the Accountants to the Directors of
Outertown Energies Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31st March 2024 set out on pages three to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Farries Kirk & McVean
Dumfries Enterprise Park
Heathhall
Dumfries
DUMFRIESSHIRE
DG1 3SJ


27th May 2025