IRIS Accounts Production v25.1.4.42 07984473 Board of Directors 1.1.24 31.12.24 31.12.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh079844732023-12-31079844732024-12-31079844732024-01-012024-12-31079844732022-12-31079844732023-01-012023-12-31079844732023-12-3107984473ns15:EnglandWales2024-01-012024-12-3107984473ns14:PoundSterling2024-01-012024-12-3107984473ns10:Director12024-01-012024-12-3107984473ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3107984473ns10:SmallEntities2024-01-012024-12-3107984473ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-3107984473ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3107984473ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3107984473ns10:FullAccounts2024-01-012024-12-3107984473ns5:CurrentFinancialInstruments2024-12-3107984473ns5:CurrentFinancialInstruments2023-12-3107984473ns5:Non-currentFinancialInstruments2024-12-3107984473ns5:Non-currentFinancialInstruments2023-12-3107984473ns5:RetainedEarningsAccumulatedLosses2024-12-3107984473ns5:RetainedEarningsAccumulatedLosses2023-12-3107984473ns10:RegisteredOffice2024-01-012024-12-3107984473ns5:PlantMachinery2023-12-3107984473ns5:PlantMachinery2024-01-012024-12-3107984473ns5:PlantMachinery2024-12-3107984473ns5:PlantMachinery2023-12-3107984473ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3107984473ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3107984473ns5:WithinOneYear2024-12-3107984473ns5:WithinOneYear2023-12-3107984473ns5:BetweenOneFiveYears2024-12-3107984473ns5:BetweenOneFiveYears2023-12-3107984473ns5:MoreThanFiveYears2024-12-3107984473ns5:MoreThanFiveYears2023-12-3107984473ns5:AllPeriods2024-12-3107984473ns5:AllPeriods2023-12-31
REGISTERED NUMBER: 07984473 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Kevat Solar Limited

Kevat Solar Limited (Registered number: 07984473)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Balance Sheet 1

Notes to the Financial Statements 2


Kevat Solar Limited (Registered number: 07984473)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,183,716 1,141,080

CURRENT ASSETS
Debtors 5 1,570,589 1,436,459
Cash at bank 90,330 413,890
1,660,919 1,850,349
CREDITORS
Amounts falling due within one year 6 (36,573 ) (101,443 )
NET CURRENT ASSETS 1,624,346 1,748,906
TOTAL ASSETS LESS CURRENT LIABILITIES 2,808,062 2,889,986

CREDITORS
Amounts falling due after more than one
year

7

(2,657,751

)

(2,657,751

)
NET ASSETS 150,311 232,235

RESERVES
Retained earnings 150,311 232,235
150,311 232,235

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 May 2025 and were signed on its behalf by:




Mr G R Bell - Director


Kevat Solar Limited (Registered number: 07984473)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Kevat Solar Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07984473

Registered office: Westminster House
10 Westminster Road
Macclesfield
Cheshire
SK10 1BX

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is recognised to the extent that it is probable that economic benefits will flow to the Company and the revenue can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, VAT and other sales taxes.

Tangible fixed assets
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold 4% straight line
Plant and Machinery 4% and 10% straight line

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Kevat Solar Limited (Registered number: 07984473)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 January 2024 2,335,700
Additions 128,233
At 31 December 2024 2,463,933
DEPRECIATION
At 1 January 2024 1,194,620
Charge for year 85,597
At 31 December 2024 1,280,217
NET BOOK VALUE
At 31 December 2024 1,183,716
At 31 December 2023 1,141,080

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors - 270
Amounts owed by group undertakings 1,506,231 1,380,933
Other debtors 64,358 55,256
1,570,589 1,436,459

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 7,447 80,874
Taxation and social security - 19,599
Other creditors 29,126 970
36,573 101,443

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.24 31.12.23
£    £   
Amounts owed to group undertakings 2,657,751 2,657,751

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.24 31.12.23
£    £   
Within one year 13,706 13,053
Between one and five years 55,920 53,257
In more than five years 120,245 127,964
189,871 194,274

Kevat Solar Limited (Registered number: 07984473)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

9. CONTINGENT LIABILITIES

The Company has a constructive obligation to return the land on which the solar sites are built to its original condition at the end of the lease. The directors believe that given the nature of the assets, the lessor may wish to either take title of the assets for either continued use or to realise value through selling the assets. As such, the directors do not believe that an outflow is probable to settle this restoration obligation. The directors will continue to monitor this situation at each balance sheet date.

10. ULTIMATE CONTROLLING PARTY

The company's immediate parent undertaking is Rubena Solar Limited. Its registered office address is Westminster House, 10 Westminster Road, Macclesfield, Cheshire, SK10 1BX. Its principal place of business is Pine Grove Enterprise Centre, Pine Grove, Crowborough, East Sussex, TN6 1DH.

The ultimate parent undertaking is Biothermic Holdings SA. Its registered office address is 16 Rue Jean L'Aveugle, L-1148, Luxembourg.