Company No:
Contents
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| Restated - note 2 | ||||
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| Current assets |
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| Prepayments and accrued income |
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| Creditors: amounts falling due within one year | (
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| Net current assets |
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| Total assets less current liabilities |
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| Accruals and deferred income | (
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| Net assets |
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| Capital and reserves |
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Directors' responsibilities:
The financial statements of Pogbie Wind Farm Grid Limited (registered number: SC575533) were approved and authorised for issue by
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J Waxman
Director |
The Company is a private company limited by shares and is incorporated in the United Kingdom and registered in Scotland (Company no. SC575533). The address of its registered office is Loganwood House High Mathernock Farm, Auchentiber Road, Kilmacolm, PA13 4SP, Scotland, United Kingdom.
The principal activity of the Company is that of providing a grid connection between Pogbie Wind Farm and Scottish Power Transmission. It also manages all costs associated with the wind farm which it recharges to the two parent companies - MP1 Limited and PB Community Energy CIC - that each own 50% of the Company's share capital.
An error was identified in the prior year’s financial statements in relation to the omission of depreciation charges on fixed assets. Depreciation expense had not been accounted for, resulting in an overstatement of both profit and the net book value of fixed assets.
The comparative figures have been restated to correct this error. The adjustment has reduced retained earnings brought forward as at 01/01/2023 by £138,296 and reduced the carrying value of fixed assets by the same amount. The retained earnings as at 31/12/2023 has been reduced by £32,540 and the carrying value of fixed assets has been reduced by the same amount.
This adjustment has no impact on the current year’s results.
| As previously reported | Adjustment | As restated | ||||
| Year ended 31 December 2023 | £ | £ | £ | |||
| Depreciation and other amounts written off assets | 0 | 170,836 | 170,836 | |||
| Loss for the financial year | (118) | (170,836) | (170,954) | |||
| Fixed assets | 813,504 | (170,836) | 642,668 | |||
| Capital and reserves | 810,752 | (170,836) | 639,916 |
| 2024 | 2023 | ||
| Number | Number | ||
| Monthly average number of persons employed by the Company during the financial year, excluding directors |
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