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Registration number: 14684480

The Droves Solar Farm Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2024

 

The Droves Solar Farm Limited

Contents

Company Information

1

Directors' Report

2

Accountants' Report

3

Balance Sheet

4

Statement of Changes in Equity

5

Notes to the Unaudited Financial Statements

6 to 9

 

The Droves Solar Farm Limited

Company Information

Directors

C B Ruparelia

D C Elvin

T D Tuominen

Registered office

Unit 25.7 Coda Studios
189 Munster Road
London
SW6 6AW

Accountants

Wenn Townsend
Chartered Accountants30 St Giles'
Oxford
OX1 3LE

 

The Droves Solar Farm Limited

Directors' Report for the Year Ended 31 December 2024

The directors present their report and the financial statements for the year ended 31 December 2024.

Directors of the company

The directors who held office during the year were as follows:

I P Lawrie (Resigned 30 April 2025)

C R Killeen (Resigned 30 April 2025)

The following directors were appointed after the year end:

C B Ruparelia (appointed 30 April 2025)

D C Elvin (appointed 30 April 2025)

T D Tuominen (appointed 30 April 2025)

Principal activity

The principal activity of the company is to provide other service activities not elsewhere classified

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved by the Board on 4 August 2025 and signed on its behalf by:

.........................................
T D Tuominen
Director

   
     
 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
The Droves Solar Farm Limited
for the Year Ended 31 December 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of The Droves Solar Farm Limited for the year ended 31 December 2024 as set out on pages 4 to 9 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of The Droves Solar Farm Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of The Droves Solar Farm Limited and state those matters that we have agreed to state to the Board of Directors of The Droves Solar Farm Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Droves Solar Farm Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that The Droves Solar Farm Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and results of The Droves Solar Farm Limited. You consider that The Droves Solar Farm Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of The Droves Solar Farm Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Wenn Townsend
Chartered Accountants
30 St Giles'
Oxford
OX1 3LE

4 August 2025

 

The Droves Solar Farm Limited

(Registration number: 14684480)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

1,453,451

-

Current assets

 

Debtors

5

153,265

100

Creditors: Amounts falling due within one year

6

(1,606,616)

-

Net current (liabilities)/assets

 

(1,453,351)

100

Net assets

 

100

100

Capital and reserves

 

Called up share capital

7

100

100

Shareholders' funds

 

100

100

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 members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the Board on 4 August 2025 and signed on its behalf by:
 

.........................................
T D Tuominen
Director

   
     
 

The Droves Solar Farm Limited

Statement of Changes in Equity for the Year Ended 31 December 2024

Share capital
£

Total
£

At 1 January 2024

100

100

At 31 December 2024

100

100

Share capital
£

Total
£

New share capital subscribed

100

100

At 31 December 2023

100

100

 

The Droves Solar Farm Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 25.7 Coda Studios
189 Munster Road
London
SW6 6AW
England

These financial statements were authorised for issue by the Board on 4 August 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Assets under construction

Assets under construction are accounted for at total cost incurred to balance sheet date. They are not depreciated until the accounting period in which they are brought into use. At each reporting date, assets under construction are assessed for impairment. If management consider an impairment is required, the carrying amount is reduced to the assets selling price less costs to complete and sell. The impairment loss is recognised in the profit and loss.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Assets under construction

nil until asset in use

Other debtors

Other debtors are receivable within one year unless otherwise stated and are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

 

The Droves Solar Farm Limited

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

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

 

The Droves Solar Farm Limited

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

4

Tangible assets

Assets under construction
£

Total
£

Cost or valuation

Additions

1,453,451

1,453,451

At 31 December 2024

1,453,451

1,453,451

Carrying amount

At 31 December 2024

1,453,451

1,453,451

5

Debtors

2024
£

2023
£

Other debtors

153,265

100

153,265

100

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

403,261

-

Amounts owed to related parties

1,203,355

-

1,606,616

-

 

The Droves Solar Farm Limited

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

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

       

8

Relationship between entity and parents

The parent of the smallest group in which these financial statements are consolidated is IGP UK Projects Limited, incorporated in England and Wales.

The address of IGP UK Projects Limited is:
Unit 25.7 Coda Studios, 189 Munster Road, London, England, SW6 6AW