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REGISTERED NUMBER: OC418670 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2025

FOR

CARNO 2 WINDFARM LLP

CARNO 2 WINDFARM LLP (REGISTERED NUMBER: OC418670)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 5 April 2025










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CARNO 2 WINDFARM LLP

GENERAL INFORMATION
for the year ended 5 April 2025







DESIGNATED MEMBERS: Brynam Holdings Limited
Carno Holdings Limited





REGISTERED OFFICE: 1 Des Roches Square
Witney
OX28 4BE





REGISTERED NUMBER: OC418670 (England and Wales)





ACCOUNTANTS: Magma Audit LLP
Magma House
16 Davy Court
Castle Mound Way
Rugby
CV23 0UZ

CARNO 2 WINDFARM LLP (REGISTERED NUMBER: OC418670)

BALANCE SHEET
5 April 2025

2025 2024
Notes £    £   
CURRENT ASSETS
Debtors 4 5,202,675 6,497,563
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

5,202,675

6,497,563

LOANS AND OTHER DEBTS DUE TO
MEMBERS

5

5,202,675

6,497,563

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 5 5,202,675 6,497,563

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 5 April 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 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 18 August 2025 and were signed by:





Carno Holdings Limited - Designated member

CARNO 2 WINDFARM LLP (REGISTERED NUMBER: OC418670)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 5 April 2025


1. STATUTORY INFORMATION

Carno 2 Windfarm LLP is a Limited Liability Partnership registered in England and Wales. Its registered office address is 1 Des Roches Square, Witney, OX28 4BE.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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 financial statements are presented in Sterling (£) and rounded to the nearest £1.

Preparation of consolidated financial statements
The financial statements contain information about Carno 2 Windfarm LLP as an individual LLP and do not contain consolidated financial information as the parent of a group. The LLP has taken the option under Section 398 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 not to prepare consolidated financial statements.

Turnover
Turnover represents the LLP's share of profit allocated by each investment during the year.

Financial instruments
The LLP only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Members' participation rights
Members' participation rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed, remuneration and profits).

Amounts subscribed or otherwise contributed by members, for example members' capital, are classed as equity as the LLP has an unconditional right to refuse payment to members.

Profits and losses are divided automatically in accordance to the members agreement and therefore such profits are classed as an expense through the profit and loss rather than an appropriation of equity.

All amounts due to the members that are classified as liabilities are presented in the balance sheet within 'Loans and other debts due to members'. Amounts due to members that are classified as equity are shown in the balance sheet within 'Members' other interests'.

Taxation
The taxation payable on the LLP's profits is the personal liability of the members during the year. Consequently, neither partnership nor related deferred taxation are accounted for in the financial statements.

3. EMPLOYEE INFORMATION

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Amounts owed by group undertakings 5,202,675 6,497,563

CARNO 2 WINDFARM LLP (REGISTERED NUMBER: OC418670)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 5 April 2025


5. LOANS AND OTHER DEBTS DUE TO MEMBERS
2025 2024
£    £   
Amounts owed to members in respect of profits 5,202,675 6,497,563

Falling due within one year 5,202,675 6,497,563

In the event of the LLP being wound up, the balances shown within 'Loans and other debts due to members' would rank behind other unsecured creditors.

The balances as at 6 April 2024 and 5 April 2025 relate to profits made by the LLP which have been allocated to the Members but have not been drawn by them in cash.

6. RELATED PARTY DISCLOSURES

The LLP has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

During the year, the LLP made distributions to its members of £3,700,000 (2024: £12,750,000) with amounts due at the year end to the members of £5,202,675 (2024: £6,497,563).