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REGISTERED NUMBER: 07743583 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Colchen Solar Limited

Colchen Solar Limited (Registered number: 07743583)






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




Page

Balance Sheet 1

Notes to the Financial Statements 2


Colchen Solar Limited (Registered number: 07743583)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,245,949 1,327,287

CURRENT ASSETS
Stocks 1,527 1,527
Debtors 5 1,868,786 1,738,492
Cash at bank 157,098 403,087
2,027,411 2,143,106
CREDITORS
Amounts falling due within one year 6 (17,886 ) (75,075 )
NET CURRENT ASSETS 2,009,525 2,068,031
TOTAL ASSETS LESS CURRENT LIABILITIES 3,255,474 3,395,318

CREDITORS
Amounts falling due after more than one
year

7

(3,039,992

)

(3,039,992

)
NET ASSETS 215,482 355,326

RESERVES
Retained earnings 215,482 355,326
215,482 355,326

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


Colchen Solar Limited (Registered number: 07743583)

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

1. STATUTORY INFORMATION

Colchen 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: 07743583

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 4% on cost
Plant and machinery - 10% on cost and 4% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 ) .

Colchen Solar Limited (Registered number: 07743583)

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

4. TANGIBLE FIXED ASSETS
Short Plant and
leasehold machinery Totals
£    £    £   
COST
At 1 January 2024 58,221 2,646,403 2,704,624
Additions - 17,688 17,688
At 31 December 2024 58,221 2,664,091 2,722,312
DEPRECIATION
At 1 January 2024 27,364 1,349,973 1,377,337
Charge for year 2,329 96,697 99,026
At 31 December 2024 29,693 1,446,670 1,476,363
NET BOOK VALUE
At 31 December 2024 28,528 1,217,421 1,245,949
At 31 December 2023 30,857 1,296,430 1,327,287

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors - 313
Amounts owed by group undertakings 1,790,158 1,678,495
Other debtors 78,628 59,684
1,868,786 1,738,492

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 8,432 9,716
Taxation and social security - 49,985
Other creditors 9,454 15,374
17,886 75,075

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.24 31.12.23
£    £   
Amounts owed to group undertakings 3,039,992 3,039,992

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.24 31.12.23
£    £   
Within one year 16,447 15,664
Between one and five years 67,103 63,908
In more than five years 145,083 154,308
228,633 233,880

Colchen Solar Limited (Registered number: 07743583)

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.