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REGISTERED NUMBER: SO303757 (Scotland)








REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

FOR

FORMARTINE RENEWABLE ENERGY LLP

FORMARTINE RENEWABLE ENERGY LLP (REGISTERED NUMBER: SO303757)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025










Page

General Information 1

Report of the Members 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


FORMARTINE RENEWABLE ENERGY LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2025







DESIGNATED MEMBERS: Cardinghill Renewables Limited
Formartine Partnership Limited





REGISTERED OFFICE: Cloffrickford
Auchnagatt
Ellon
Aberdeenshire
AB41 8YD





REGISTERED NUMBER: SO303757 (Scotland)





ACCOUNTANTS: Bain Henry Reid
51-53 High Street
Turriff
AB53 4EJ

FORMARTINE RENEWABLE ENERGY LLP (REGISTERED NUMBER: SO303757)

REPORT OF THE MEMBERS
FOR THE YEAR ENDED 31 JANUARY 2025


The members present their report with the financial statements of the LLP for the year ended 31 January 2025.

PRINCIPAL ACTIVITY
The principal activity of the LLP in the year under review was that of production and sale of wind energy.

DESIGNATED MEMBERS
The designated members during the year under review were:

Cardinghill Renewables Limited
Formartine Partnership Limited

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The profit for the year before members' remuneration and profit shares was £354,383 (2024 - £256,333 profit).

MEMBERS' INTERESTS
A member's capital requirement is linked to their share of profit and the financing requirement of the limited liability partnership.

The members' drawing policy allows each member to draw a proportion of their profit share, subject to the cash requirements of the business.

ON BEHALF OF THE MEMBERS:





Cardinghill Renewables Limited - Designated member


7 August 2025

FORMARTINE RENEWABLE ENERGY LLP (REGISTERED NUMBER: SO303757)

INCOME STATEMENT
FOR THE YEAR ENDED 31 JANUARY 2025

2025 2024
Notes £    £   

TURNOVER 550,079 425,471

Cost of sales 169,960 140,740
GROSS PROFIT 380,119 284,731

Administrative expenses 15,378 13,343
364,741 271,388

Other operating income 141 78
OPERATING PROFIT 3 364,882 271,466


Interest payable and similar expenses 10,499 15,133
PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES AVAILABLE FOR
DISCRETIONARY DIVISION AMONG
MEMBERS




354,383




256,333

FORMARTINE RENEWABLE ENERGY LLP (REGISTERED NUMBER: SO303757)

BALANCE SHEET
31 JANUARY 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 962,860 1,021,620

CURRENT ASSETS
Debtors 5 129,297 149,248
Cash at bank 102,383 22,588
231,680 171,836
CREDITORS
Amounts falling due within one year 6 153,467 151,219
NET CURRENT ASSETS 78,213 20,617
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,041,073

1,042,237

CREDITORS
Amounts falling due after more than one year 7 104,685 240,232
NET ASSETS ATTRIBUTABLE TO
MEMBERS

936,388

802,005

LOANS AND OTHER DEBTS DUE TO
MEMBERS

936,388

802,005

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 936,388 802,005

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 January 2025.

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.

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

The financial statements were approved by the members of the LLP and authorised for issue on 7 August 2025 and were signed by:




Cardinghill Renewables Limited - Designated member



Formartine Partnership Limited - Designated member


FORMARTINE RENEWABLE ENERGY LLP (REGISTERED NUMBER: SO303757)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025


1. 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax 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.
Plant and machinery etc - 5% on cost

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.

2. EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2024 - NIL).

3. OPERATING PROFIT

The operating profit is stated after charging:

2025 2024
£    £   
Depreciation - owned assets 58,760 58,740

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2024
and 31 January 2025 1,468,677
DEPRECIATION
At 1 February 2024 447,057
Charge for year 58,760
At 31 January 2025 505,817
NET BOOK VALUE
At 31 January 2025 962,860
At 31 January 2024 1,021,620

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Accrued income 93,828 114,091
Prepayments 35,469 35,157
129,297 149,248

FORMARTINE RENEWABLE ENERGY LLP (REGISTERED NUMBER: SO303757)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 135,547 130,987
Trade creditors 1 66
VAT 15,217 2,924
Accruals 2,702 17,242
153,467 151,219

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Bank loans - 1-2 years 104,685 240,232

8. RELATED PARTY DISCLOSURES

The limited liability partnership received a loan from David Smith, a director in the member Cardinghill Renewables Limited
and at the year end, the limited liability partnership was due £NIL ( 2024 -NIL). There is no fixed terms of repayment.