Silverfin false false 31/12/2024 31/12/2024 01/01/2024 The principal activity of the Company during the financial year was the production of electricity. D J Connell 07/09/2023 J Waxman 20/12/2018 SC575533 2024-12-31 SC575533 bus:Director1 2024-12-31 SC575533 bus:Director2 2024-12-31 SC575533 2023-12-31 SC575533 core:CurrentFinancialInstruments 2024-12-31 SC575533 core:CurrentFinancialInstruments 2023-12-31 SC575533 2024-01-01 2024-12-31 SC575533 bus:Micro-entities 2024-01-01 2024-12-31 SC575533 bus:FilletedAccounts 2024-01-01 2024-12-31 SC575533 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 SC575533 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 SC575533 bus:Director1 2024-01-01 2024-12-31 SC575533 bus:Director2 2024-01-01 2024-12-31 SC575533 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Company No: SC575533 (Scotland)

POGBIE WIND FARM GRID LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2024
Pages for filing with the registrar

POGBIE WIND FARM GRID LIMITED

UNAUDITED FINANCIAL STATEMENTS

For the financial year ended 31 December 2024

Contents

POGBIE WIND FARM GRID LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 December 2024
POGBIE WIND FARM GRID LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

For the financial year ended 31 December 2024
2024 2023
£ £
Restated - note 2
Fixed assets 610,128 642,668
Current assets 30,074 55,621
Prepayments and accrued income 1,301 1,797
Creditors: amounts falling due within one year ( 30,526) ( 57,173)
Net current assets 849 245
Total assets less current liabilities 610,977 642,913
Accruals and deferred income ( 1,200) ( 2,997)
Net assets 609,777 639,916
Capital and reserves 609,777 639,916

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Pogbie Wind Farm Grid Limited (registered number: SC575533) were approved and authorised for issue by the Board of Directors and were signed on its behalf by:

J Waxman
Director

25 June 2025

POGBIE WIND FARM GRID LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
POGBIE WIND FARM GRID LIMITED

NOTES TO THE FINANCIAL STATEMENTS (continued)

For the For the financial year ended 31 December 2024

1. Company information

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.

2. Prior year adjustment

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

3. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the financial year, excluding directors - -