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REGISTERED NUMBER: SO304341 (Scotland)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

CARLINCRAIG RENEWABLES LLP

CARLINCRAIG RENEWABLES LLP (REGISTERED NUMBER: SO304341)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 DECEMBER 2024




Page

General Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


CARLINCRAIG RENEWABLES LLP

GENERAL INFORMATION
for the year ended 31 DECEMBER 2024







DESIGNATED MEMBERS: AWJF Limited
Green Future Farms Ltd
Muirden 1 Ltd





REGISTERED OFFICE: Muirden
Turriff
Aberdeenshire
AB53 4NH





REGISTERED NUMBER: SO304341 (Scotland)





ACCOUNTANTS: Thomas Barrie & Co LLP
Atlantic House
1a Cadogan Street
Glasgow
G2 6QE

CARLINCRAIG RENEWABLES LLP (REGISTERED NUMBER: SO304341)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 6,851,699 6,023,893

CURRENT ASSETS
Debtors 5 560,164 408,394
Cash at bank 601,132 605,681
1,161,296 1,014,075
CREDITORS
Amounts falling due within one year 6 (1,024,129 ) (940,348 )
NET CURRENT ASSETS 137,167 73,727
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,988,866

6,097,620

CREDITORS
Amounts falling due after more than one year 7 (4,563,766 ) (4,112,520 )
NET ASSETS ATTRIBUTABLE TO
MEMBERS

2,425,100

1,985,100

LOANS AND OTHER DEBTS DUE TO
MEMBERS

-

-

MEMBERS' OTHER INTERESTS
Capital accounts 2,425,100 1,985,100
2,425,100 1,985,100

TOTAL MEMBERS' INTERESTS
Members' other interests 2,425,100 1,985,100
Amounts due from members 5 (376,046 ) (101,139 )
2,049,054 1,883,961

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 December 2024.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

CARLINCRAIG RENEWABLES LLP (REGISTERED NUMBER: SO304341)

STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 2024


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

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 6 August 2025 and were signed by:





Green Future Farms Ltd - Designated member

CARLINCRAIG RENEWABLES LLP (REGISTERED NUMBER: SO304341)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 DECEMBER 2024

1. STATUTORY INFORMATION

Carlincraig Renewables LLP is registered in Scotland, registration number SO304341. The registered office is Muirden, Turriff, Aberdeenshire, AB53 4NH..

The principal activity of the company is renewable energy.

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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

The presentational and functional currency of the financial statements is Pounds Sterling (£).

Significant judgements and estimates
In preparing these financial statements, the members are required to make judgements, estimates and assumptions that affect the application of the LLP's accounting policies and the reported amounts of assets, liabilities, income and expenses. Actual results may differ from these estimates. Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to estimates are recognised prospectively.

There are no significant judgements or estimates used in the preparation of these accounts.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is measured at the fair value of consideration received or receivable, taking into account the amount of any discounts and rebates allowed by the entity, but excluding value added tax and other sales taxes.

Production of electricity
Income is recognised in the period in which the electricity has been generated.

Tangible fixed assets
Fixed assets consist of a turbine, which is not yet operational and is therefore not yet being depreciated.

Financial instruments
The LLP has financial assets and financial liabilities of a kind that qualify as basic financial instruments.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents
Cash and cash equivalents comprise cash balances, including bank overdrafts that are payable on demand and form an integral part of the company's cash management.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Provisions
Provisions are determined by discounting the expected future cash flows at a pre-tax rate that reflects current market assessments of the time value of money and the risks specific to the liability. The unwinding of the discount is recognised as finance cost.

CARLINCRAIG RENEWABLES LLP (REGISTERED NUMBER: SO304341)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 DECEMBER 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEE INFORMATION

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 6,023,893
Additions 943,936
At 31 December 2024 6,967,829
DEPRECIATION
Charge for year 116,130
At 31 December 2024 116,130
NET BOOK VALUE
At 31 December 2024 6,851,699
At 31 December 2023 6,023,893

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 560,164 408,394

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 488,753 418,753
Trade creditors 89,943 518,717
Taxation and social security 22,452 -
Other creditors 422,981 2,878
1,024,129 940,348

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 4,563,766 4,112,520

CARLINCRAIG RENEWABLES LLP (REGISTERED NUMBER: SO304341)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 DECEMBER 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 3,858,753 3,382,520

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 5,052,519 4,531,273

The loan is secured by a bond and floating charge in favour of Close Leasing Limited.