Company No: 08761146 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2024		2023
		£		£
Fixed assets
Intangible assets	3	7,246,417		7,724,205
Tangible assets	4	3,848,336		4,194,336
		11,094,753		11,918,541
Current assets
Debtors	5	301,068		326,257
Cash at bank and in hand		194,692		343,618
		495,760		669,875
Creditors: amounts falling due within one year	6	( 722,117)		( 716,233)
Net current liabilities		(226,357)		(46,358)
Total assets less current liabilities		10,868,396		11,872,183
Creditors: amounts falling due after more than one year	7	( 2,354,960)		( 3,009,982)
Net assets		8,513,436		8,862,201
Capital and reserves
Called-up share capital	8	100		100
Profit and loss account		8,513,336		8,862,101
Total shareholder's funds		8,513,436		8,862,201

For the financial year ending 30 September 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Woodland Barton Renewables Limited (registered number: 08761146) were approved and authorised for issue by the Board of Directors on 19 June 2025. They were signed on its behalf by:

Mr W Dexter Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Woodland Barton Renewables Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Hendra Holiday Park, Lane, Newquay, TR8 4NY, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

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

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill

25 years straight line

Goodwill

Goodwill arises on business combination and represents any excess of consideration given over the fair value of the identifiable assets and liabilities acquired. Goodwill is initially recognised as an intangible asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis over its useful economic life, which is 25 years.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Land and buildings	not depreciated
Plant and machinery	20 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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 deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	3		3

3. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 October 2023	11,944,648		11,944,648
At 30 September 2024	11,944,648		11,944,648
Accumulated amortisation
At 01 October 2023	4,220,443		4,220,443
Charge for the financial year	477,788		477,788
At 30 September 2024	4,698,231		4,698,231
Net book value
At 30 September 2024	7,246,417		7,246,417
At 30 September 2023	7,724,205		7,724,205

4. Tangible assets

	Land and buildings		Plant and machinery		Total
	£		£		£
Cost
At 01 October 2023	1,053,334		6,197,202		7,250,536
At 30 September 2024	1,053,334		6,197,202		7,250,536
Accumulated depreciation
At 01 October 2023	0		3,056,200		3,056,200
Charge for the financial year	0		346,000		346,000
At 30 September 2024	0		3,402,200		3,402,200
Net book value
At 30 September 2024	1,053,334		2,795,002		3,848,336
At 30 September 2023	1,053,334		3,141,002		4,194,336

5. Debtors

	2024		2023
	£		£
Trade debtors	301,068		326,257

6. Creditors: amounts falling due within one year

	2024		2023
	£		£
Bank loans	466,364		456,580
Trade creditors	24,491		2,687
Amounts owed to Group undertakings	100,000		102,471
Accruals and deferred income	56,935		73,611
Taxation and social security	74,327		80,884
	722,117		716,233

7. Creditors: amounts falling due after more than one year

	2024		2023
	£		£
Bank loans (secured)	2,074,960		2,539,194
Amounts owed to Group undertakings	280,000		470,788
	2,354,960		3,009,982

Amounts repayable after more than 5 years are included in creditors falling due over one year:

	2024		2023
	£		£
Bank loans (secured / repayable by instalments)	325,677		752,376

Bank borrowings are secured against the assets of the company.

8. Called-up share capital

	2024		2023
	£		£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each	100		100