IRIS Accounts Production v25.1.4.42 SC538814 Board of Directors 1.1.24 31.12.24 31.12.24 14.7.25 0 0 false true false false true false Auditors Opinion iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC5388142023-12-31SC5388142024-12-31SC5388142024-01-012024-12-31SC5388142022-12-31SC5388142023-01-012023-12-31SC5388142023-12-31SC538814ns15:Scotland2024-01-012024-12-31SC538814ns14:PoundSterling2024-01-012024-12-31SC538814ns10:Director12024-01-012024-12-31SC538814ns10:PrivateLimitedCompanyLtd2024-01-012024-12-31SC538814ns10:SmallEntities2024-01-012024-12-31SC538814ns10:Audited2024-01-012024-12-31SC538814ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-31SC538814ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-31SC538814ns10:FullAccounts2024-01-012024-12-31SC538814ns10:Director22024-01-012024-12-31SC538814ns10:Director42024-01-012024-12-31SC538814ns10:CompanySecretary12024-01-012024-12-31SC538814ns10:RegisteredOffice2024-01-012024-12-31SC538814ns5:CurrentFinancialInstruments2024-12-31SC538814ns5:CurrentFinancialInstruments2023-12-31SC538814ns5:Non-currentFinancialInstruments2024-12-31SC538814ns5:Non-currentFinancialInstruments2023-12-31SC538814ns5:ShareCapital2024-12-31SC538814ns5:ShareCapital2023-12-31SC538814ns5:RetainedEarningsAccumulatedLosses2024-12-31SC538814ns5:RetainedEarningsAccumulatedLosses2023-12-31SC538814ns5:PlantMachinery2024-01-012024-12-31SC538814ns5:PlantMachinery2023-12-31SC538814ns5:PlantMachinery2024-12-31SC538814ns5:PlantMachinery2023-12-31SC538814ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-31SC538814ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-31
REGISTERED NUMBER: SC538814 (Scotland)















PAIRC NISEABOIST POWER LIMITED

Audited Financial Statements for the Year Ended 31 December 2024






PAIRC NISEABOIST POWER LIMITED (REGISTERED NUMBER: SC538814)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PAIRC NISEABOIST POWER LIMITED

Company Information
for the Year Ended 31 December 2024







DIRECTORS: M Mackay
R Maclennan
R Maclennan





SECRETARY:





REGISTERED OFFICE: 5 Scaristavore
Isle of Harris
HS3 3HX





REGISTERED NUMBER: SC538814 (Scotland)





AUDITORS: Mann Judd Gordon Ltd
Chartered Accountants
& Statutory Auditors
26 Lewis Street
Stornoway
Isle of Lewis
HS1 2JF

PAIRC NISEABOIST POWER LIMITED (REGISTERED NUMBER: SC538814)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,185 10,847

CURRENT ASSETS
Debtors 5 55,650 62,428
Cash at bank 15,187 8,325
70,837 70,753
CREDITORS
Amounts falling due within one year 6 66,515 66,801
NET CURRENT ASSETS 4,322 3,952
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,507

14,799

CREDITORS
Amounts falling due after more than one
year

7

10,000

10,000
NET ASSETS 1,507 4,799

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,407 4,699
1,507 4,799

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 July 2025 and were signed on its behalf by:





R Maclennan - Director


PAIRC NISEABOIST POWER LIMITED (REGISTERED NUMBER: SC538814)

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

1. STATUTORY INFORMATION

Pairc Niseaboist Power Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Going Concern
The directors consider that there are no material uncertainties about the company's ability to continue as a going concern.

Significant judgements and estimates
Fixed asset net book value and depreciation charges are the areas of the accounts which are affected by significant judgements and estimates. The directors exercise judgement in determining both the useful economic life and the likely residual value of the company's assets. This judgement affects the rates of and charge for depreciation in the accounts for the year. It also therefore affects the net book value of the assets in the balance sheet.

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 - 10% depreciation on cost

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

PAIRC NISEABOIST POWER LIMITED (REGISTERED NUMBER: SC538814)

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

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 January 2024
and 31 December 2024 36,619
DEPRECIATION
At 1 January 2024 25,772
Charge for year 3,662
At 31 December 2024 29,434
NET BOOK VALUE
At 31 December 2024 7,185
At 31 December 2023 10,847

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 48,176 30,313
Other debtors 7,474 32,115
55,650 62,428

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 31,683 20,781
Amounts owed to group undertakings 8,204 8,204
Taxation and social security 2,149 696
Other creditors 24,479 37,120
66,515 66,801

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Amounts owed to group undertakings 10,000 10,000

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

John E Moffat BA FCA (Senior Statutory Auditor)
for and on behalf of Mann Judd Gordon Ltd

PAIRC NISEABOIST POWER LIMITED (REGISTERED NUMBER: SC538814)

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

9. RELATED PARTY DISCLOSURES

The company has received loans from the West Harris Trust ('the Trust') to assist in the funding of its capital expenditure programme. The loan was secured by the Trust from Western Isles Development Trust and the repayments of the loan will be recharged to the Company. The balance due by the company at 31 December 2024 was £10,000 (2023 - £10,000).

The Trust has provided working capital assistance to the company to assist with funding of expenditure and the company provides electricity to the Trust. Electricity sales of £24,996 were made in relation to the year ended 31 December 2024 (2023: £17,206) and the company owed a management charge of £1,090 (2023: £1,090). The balance due to the company at 31 December 2024 was £8,204 (2023 - £8,204).

The company is a corporate member of Horgabost Wind LLP ("the LLP"). During the year the company made sales of £Nil (2023: £14,140) and purchases of £4,800 (2023: £5,190) with the LLP. At the year end, the LLP owes the company £14,020.

10. ULTIMATE CONTROLLING PARTY

The controlling party is West Harris Trust.