Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-31falsetruetrue2024-01-01provision of renewable energyThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.22false 09686713 2024-01-01 2024-12-31 09686713 2023-01-01 2023-12-31 09686713 2024-12-31 09686713 2023-12-31 09686713 c:Director1 2024-01-01 2024-12-31 09686713 d:PlantMachinery 2024-01-01 2024-12-31 09686713 d:PlantMachinery 2024-12-31 09686713 d:PlantMachinery 2023-12-31 09686713 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 09686713 d:CurrentFinancialInstruments 2024-12-31 09686713 d:CurrentFinancialInstruments 2023-12-31 09686713 d:Non-currentFinancialInstruments 2024-12-31 09686713 d:Non-currentFinancialInstruments 2023-12-31 09686713 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 09686713 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 09686713 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 09686713 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 09686713 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-12-31 09686713 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-12-31 09686713 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-12-31 09686713 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-12-31 09686713 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-12-31 09686713 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-12-31 09686713 d:ShareCapital 2024-12-31 09686713 d:ShareCapital 2023-12-31 09686713 d:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 09686713 d:RetainedEarningsAccumulatedLosses 2024-12-31 09686713 d:RetainedEarningsAccumulatedLosses 2023-12-31 09686713 d:AcceleratedTaxDepreciationDeferredTax 2024-12-31 09686713 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 09686713 c:OrdinaryShareClass1 2024-01-01 2024-12-31 09686713 c:OrdinaryShareClass1 2024-12-31 09686713 c:OrdinaryShareClass1 2023-12-31 09686713 c:FRS102 2024-01-01 2024-12-31 09686713 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 09686713 c:FullAccounts 2024-01-01 2024-12-31 09686713 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 09686713 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 09686713










MAESMAWR RENEWABLES LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
MAESMAWR RENEWABLES LTD
REGISTERED NUMBER: 09686713

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
534,124
582,441

  
534,124
582,441

Current assets
  

Debtors: amounts falling due within one year
 6 
14,404
14,919

Cash at bank and in hand
 7 
180,980
131,492

  
195,384
146,411

Creditors: amounts falling due within one year
 8 
(96,265)
(95,754)

Net current assets
  
 
 
99,119
 
 
50,657

Total assets less current liabilities
  
633,243
633,098

Creditors: amounts falling due after more than one year
 9 
(307,165)
(341,845)

Provisions for liabilities
  

Deferred tax
 11 
(57,405)
(64,625)

  
 
 
(57,405)
 
 
(64,625)

Net assets
  
268,673
226,628


Capital and reserves
  

Called up share capital 
 12 
500
500

Profit and loss account
 13 
268,173
226,128

  
268,673
226,628


Page 1

 
MAESMAWR RENEWABLES LTD
REGISTERED NUMBER: 09686713
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 11 June 2025.




................................................
Mr R S Kinsey
Director

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
MAESMAWR RENEWABLES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Maesmawr Renewables Limited, 09686713, is a private limited company, limited by shares, incorporated in England and Wales, with its registered office and principal place of business at Red House, Dolwen, Llanidloes, Powys SY18 6PW.
The principal activity of the company is solar energy generation. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
MAESMAWR RENEWABLES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Page 4

 
MAESMAWR RENEWABLES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
5%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 5

 
MAESMAWR RENEWABLES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.11

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

Estimates and judgments are continually evaluated and are based on historical experience and other factors, including expectations or future events that are believed to be reasonable under the circumstances.
The Company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. In the opinion of the directors there are no estimates nor assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.


4.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 6

 
MAESMAWR RENEWABLES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Tangible fixed assets





Plant and machinery

£



Cost or valuation


At 1 January 2024
966,337



At 31 December 2024

966,337



Depreciation


At 1 January 2024
383,896


Charge for the year on owned assets
48,317



At 31 December 2024

432,213



Net book value



At 31 December 2024
534,124



At 31 December 2023
582,441

Page 7

 
MAESMAWR RENEWABLES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

6.


Debtors

2024
2023
£
£


Trade debtors
14,404
14,919

14,404
14,919



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
180,980
131,492

180,980
131,492



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
38,596
44,383

Trade creditors
1,941
2,294

Corporation tax
18,588
13,734

Other taxation and social security
3,581
1,783

Other creditors
33,559
33,560

96,265
95,754


Page 8

 
MAESMAWR RENEWABLES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
307,165
341,845

307,165
341,845


The following liabilities were secured:




Details of security provided:

The bank loan is secured upon assets of the company.


10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
38,596
44,383


38,596
44,383

Amounts falling due 1-2 years

Bank loans
38,596
44,383


38,596
44,383

Amounts falling due 2-5 years

Bank loans
115,788
133,150


115,788
133,150

Amounts falling due after more than 5 years

Bank loans
152,780
164,312

152,780
164,312

345,760
386,228


Page 9

 
MAESMAWR RENEWABLES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

11.


Deferred taxation




2024


£






At beginning of year
64,625


Charged to profit or loss
(7,220)



At end of year
57,405

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
57,405
64,625

57,405
64,625


12.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



500 (2023 - 500) £1 ordinary shares shares of £1.00 each
500
500



13.


Reserves

Profit and loss account

The profit and loss account represents the accumulated profits of the Company since incorporation less distributions made to shareholders. 

 
Page 10