| REGISTERED NUMBER: |
| FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| FOR |
| A SHADE GREENER TANKERSLEY LLP |
| REGISTERED NUMBER: |
| FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| FOR |
| A SHADE GREENER TANKERSLEY LLP |
| A SHADE GREENER TANKERSLEY LLP (REGISTERED NUMBER: OC386135) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the Year Ended 30 September 2024 |
| Page |
| General Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| A SHADE GREENER TANKERSLEY LLP |
| GENERAL INFORMATION |
| for the Year Ended 30 September 2024 |
| DESIGNATED MEMBERS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| SENIOR STATUTORY AUDITOR: |
| AUDITORS: |
| Chartered Accountants & Statutory Auditors |
| 2 Westbrook Court |
| Sharrow Vale Road |
| Sheffield |
| S11 8YZ |
| A SHADE GREENER TANKERSLEY LLP (REGISTERED NUMBER: OC386135) |
| BALANCE SHEET |
| 30 September 2024 |
| 30.9.24 | 30.9.23 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Investments | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 7 |
| NET ASSETS ATTRIBUTABLE TO MEMBERS | 103,523,869 | 122,793,299 |
| LOANS AND OTHER DEBTS DUE TO MEMBERS |
9 |
199,730,024 |
201,680,870 |
| MEMBERS' OTHER INTERESTS |
| Capital accounts | 1,900 | 1,900 |
| Other reserves | ( |
) | ( |
) |
| 103,523,869 | 122,793,299 |
| TOTAL MEMBERS' INTERESTS |
| Loans and other debts due to members | 9 | 199,730,024 | 201,680,870 |
| Members' other interests | (96,206,155 | ) | (78,887,571 | ) |
| 103,523,869 | 122,793,299 |
| A SHADE GREENER TANKERSLEY LLP (REGISTERED NUMBER: OC386135) |
| BALANCE SHEET - continued |
| 30 September 2024 |
| In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered. |
| The financial statements were approved by the members of the LLP and authorised for issue on |
| A SHADE GREENER TANKERSLEY LLP (REGISTERED NUMBER: OC386135) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the Year Ended 30 September 2024 |
| 1. | STATUTORY INFORMATION |
| A Shade Greener Tankersley LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Members considered the net assets of the LLP together with the loss for the period in consideration of going concern. |
| The loss for the period is substantially exceeded by the remaining net assets of the LLP therefore the members have a reasonable expectation that the LLP has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis in preparing the annual financial statements. |
| The financial statements are prepared in sterling, which is the functional currency of the entity. |
| Preparation of consolidated financial statements |
| The financial statements contain information about A Shade Greener Tankersley LLP as an individual LLP and do not contain consolidated financial information as the parent of a group. The LLP is exempt under Section 400 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, MBO Partner 1 Limited, . |
| Judgements and key sources of estimation uncertainty |
| The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. |
| In the opinion of management, there are no judgement or key sources of estimation uncertainty that have a significant impact on the financial statement. |
| Financial instruments |
| Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the group after deducting all of its liabilities. |
| Basic financial assets, including trade and other receivables and cash and bank balances, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at the market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method. |
| A SHADE GREENER TANKERSLEY LLP (REGISTERED NUMBER: OC386135) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 30 September 2024 |
| 2. | ACCOUNTING POLICIES - continued |
| Members' participation rights |
| Members' participation rights are the rights of a member that arise under the members' agreement. |
| Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with section 22 of FRS 102. A member's participation rights including amounts subscribed or otherwise contributed by members. Member's capital is classified as liabilities unless the LLP has an unconditional right to refuse payments to members, in which case it is classified as equity. |
| Once an unavoidable obligation has been created in favour of members through allocation of profits or other means, any undrawn profits remaining at the reporting date are shown as 'Loans and other amounts due to members' to the extent that they exceed debts due from a specific member. All amounts due to members that are classified as liabilities are presented within 'Loans and other debts due to members'. Amounts recoverable from members are presented as debtors and shown as amounts due from members within members' interests. |
| Amounts due to members in respect of profits rank pari passu with other unsecured creditors. |
| 3. | EMPLOYEE INFORMATION |
| The average number of employees during the year was NIL (2023 - NIL). |
| 4. | FIXED ASSET INVESTMENTS |
| Loans to |
| group |
| undertakings |
| £ |
| At 1 October 2023 |
| and 30 September 2024 |
| A SHADE GREENER TANKERSLEY LLP (REGISTERED NUMBER: OC386135) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 30 September 2024 |
| 4. | FIXED ASSET INVESTMENTS - continued |
| The LLP's investments at the balance sheet date in the equity of LLPs include the following: |
| A Shade Greener (F4) LLP |
| Country of incorporation: England & Wales |
| Nature of business: Production of electricity |
| Holding | 99.99% |
| Total members' interests | £3,380,072 |
| Profit/(loss) for the year | (£719,319 | ) |
| A Shade Greener (F5) LLP |
| Country of incorporation: England & Wales |
| Nature of business: Production of electricity |
| Holding | 99.99% |
| Total members' interests | £4,288,064 |
| Profit/(loss) for the year | (£903,359 | ) |
| A Shade Greener (F6) LLP |
| Country of incorporation: England & Wales |
| Nature of business: Production of electricity |
| Holding | 99.99% |
| Total members' interests | £8,823,933 |
| Profit/(loss) for the year | (£1,358,216 | ) |
| A Shade Greener (F7) LLP |
| Country of incorporation: England & Wales |
| Nature of business: Production of electricity |
| Holding | 99.99% |
| Total members' interests | £23,419,164 |
| Profit/(loss) for the year | (£3,423,739 | ) |
| A Shade Greener Debt LLP |
| Country of incorporation: England & Wales |
| Nature of business: Provision of loan services |
| Holding | 99.99% |
| Total members' interests | £18,234,247 |
| Profit/(loss) for the year | (£1,388,309 | ) |
| A SHADE GREENER TANKERSLEY LLP (REGISTERED NUMBER: OC386135) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 30 September 2024 |
| 4. | FIXED ASSET INVESTMENTS - continued |
| A Shade Greener Debt (2) LLP |
| Country of incorporation: England & Wales |
| Nature of business: Provision of loan services |
| Holding | 99.99% |
| Total members' interests | £20,722,721 |
| Profit/(loss) for the year | (£1,488,491 | ) |
| A Shade Greener Debt (3) LLP |
| Country of incorporation: England & Wales |
| Nature of business: Provision of loan services |
| Holding | 99.99% |
| Total members' interests | £36,517,652 |
| Profit/(loss) for the year | (£363,817 | ) |
| A Shade Greener (F17) LLP |
| Country of incorporation: England & Wales |
| Nature of business: Production of electricity |
| Holding | 99.99% |
| Total members' interests | £8,429,802 |
| Profit/(loss) for the year | (£3,389,959 | ) |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.9.24 | 30.9.23 |
| £ | £ |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.9.24 | 30.9.23 |
| £ | £ |
| Other creditors | 285,354 | 290,604 |
| Bank loan | 671,615 | 672,449 |
| 956,969 | 963,053 |
| A SHADE GREENER TANKERSLEY LLP (REGISTERED NUMBER: OC386135) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 30 September 2024 |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 30.9.24 | 30.9.23 |
| £ | £ |
| Bank loan | 22,266,364 | 22,692,775 |
| Amounts falling due in more than five years: |
| Repayable by installments |
| Bank loan | 18,852,050 | 19,659,764 |
| 8. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 30.9.24 | 30.9.23 |
| £ | £ |
| Loans | 22,937,979 | 23,365,224 |
| The loans are secured by a first legal mortgage over the assets concerned and by fixed and floating charges. |
| 9. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
| Loans and other debts due to members' (other than members' capital classified as debt) would rank pari passu with ordinary creditors in the event of a winding up. |
| 10. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
| The Report of the Auditor, dated 18 December 2024, was unqualified. |
| Andrew Throssell FCA (Senior Statutory Auditor) |
| For and on behalf of Hebblethwaites |
| 11. | ULTIMATE CONTROLLING PARTY |
| The ultimate controlling party is MBO Partner 1 Limited. The address of the registered office is Sterling House, Maple Court, Maple Road, Tankersley, S75 3DP |