0 7 April 2025 false false false false false false false false false false true false false false false false false No description of principal activity 2024-01-01 Sage Accounts Production Advanced 2024 - FRS102_2024 482,450 482,450 482,450 xbrli:pure xbrli:shares iso4217:GBP 13981750 2024-01-01 2024-12-31 13981750 2024-12-31 13981750 2023-12-31 13981750 2023-01-01 2023-12-31 13981750 2023-12-31 13981750 2022-12-31 13981750 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 13981750 bus:Director1 2024-01-01 2024-12-31 13981750 bus:Director3 2024-01-01 2024-12-31 13981750 core:WithinOneYear 2024-12-31 13981750 core:ShareCapital 2024-12-31 13981750 core:ShareCapital 2023-12-31 13981750 core:RetainedEarningsAccumulatedLosses 2024-12-31 13981750 bus:Director2 2024-01-01 2024-12-31 13981750 bus:SmallEntities 2024-01-01 2024-12-31 13981750 bus:Audited 2024-01-01 2024-12-31 13981750 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 13981750 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 13981750 bus:FullAccounts 2024-01-01 2024-12-31 13981750 bus:OrdinaryShareClass1 2024-12-31 13981750 bus:OrdinaryShareClass1 2023-12-31 13981750 core:AssetsNotYetAvailableForUsePPE 2024-01-01 2024-12-31 13981750 core:AssetsNotYetAvailableForUsePPE 2024-12-31
COMPANY REGISTRATION NUMBER: 13981750
BROWNHILL WIND FARM LIMITED
FILLETED FINANCIAL STATEMENTS
31 December 2024
BROWNHILL WIND FARM LIMITED
FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2024
Contents
Page
Balance sheet 1
Notes to the financial statements 2
BROWNHILL WIND FARM LIMITED
BALANCE SHEET
31 December 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
4
482,450
Current assets
Debtors
5
92,574
1
Creditors: amounts falling due within one year
6
580,023
------------
------------
Net current (liabilities)/assets
( 487,449)
1
------------
------------
Total assets less current liabilities
( 4,999)
1
------------
------------
Net (liabilities)/assets
( 4,999)
1
------------
------------
Capital and reserves
Called up share capital
7
1
1
Profit and loss account
( 5,000)
------------
------------
Shareholders (deficit)/funds
( 4,999)
1
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements were approved by the board of directors and authorised for issue on 7 April 2025 , and are signed on behalf of the board by:
A M Lysbech-Kleis
T B Hansen
Director
Director
Company registration number: 13981750
BROWNHILL WIND FARM LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2024
1. General information
The company is a private company limited by shares, registered in England and Wales, company number 13981750 . The address of the registered office is 35 Westgate, Huddersfield, West Yorkshire, HD1 1PA.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
Wind Estate A/S has confirmed that it will provide adequate working capital facilities to enable the company to operate and meet its obligations as they fall due over the next twelve months from the date of approval of these financial statements. Consequently, the directors believe it appropriate to prepare these financial statements on a going concern basis. The financial statements do not included any adjustments that would result from a withdrawal of this support.
Development costs
Development costs are expensed where a permit to build a turbine has not been granted for a specific site at the balance sheet date. Development costs for a calendar year are capitalised when a building permit is granted prior to the balance sheet date and are reported as assets under construction. Prior year costs on the site previously expensed remain so. Associated expenses including legal and professional fees are accounted for on the same basis. This accounting policy is in accordance with that adopted by the parent company and other group undertakings.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax.
Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which the timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.
Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Tangible assets
Assets under construction
£
Cost
At 1 January 2024
Additions
482,450
------------
At 31 December 2024
482,450
------------
Depreciation
At 1 January 2024 and 31 December 2024
------------
Carrying amount
At 31 December 2024
482,450
------------
At 31 December 2023
------------
5. Debtors
2024
2023
£
£
Other debtors
92,574
1
------------
------------
6. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
41,117
Amounts owed to group undertakings
533,906
Accruals and deferred income
5,000
------------
------------
580,023
------------
------------
7. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
1
1
1
1
------------
------------
------------
------------
8. Summary audit opinion
The auditor's report dated 7 April 2025 was unqualified , however, the auditor drew attention to the following by way of emphasis.
In forming our opinion we have considered the adequacy of the disclosure made in note 3 of the financial statements regarding the going concern status of the company. The company is dependent on ongoing working capital support from Wind Estate A/S to be able to meet its obligations as they fall due. The financial statements have been prepared on a going concern basis due to the company having secured sufficient Wind Estate A/S supported funding to enable the company to complete its development project and generate income therefrom. In view of the significance of this matter we consider that it should be drawn to your attention but our opinion is not qualified in this respect.
The senior statutory auditor was David Butterworth , for and on behalf of Wheawill & Sudworth Limited .
9. Related party transactions
Included in creditors is a loan of £533,906 (2023: £nil) owed to Wind Estate (UK) Limited, the immediate parent company. This loan is unsecured, repayable on demand and currently interest-free .
10. Controlling party
The parent company of the Wind Estate group of companies is Nord Renewables ApS, a company registered in Denmark. There is no one controlling party of the parent company .