REGISTERED NUMBER: SO305135 (Scotland)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Glenkiln Hydro LLP

Page

General Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Firm of Glenkiln Hydro

Arran Hydro Limited

REGISTERED OFFICE:

Lochlea Farm

Craigie

Kilmarnock

KA1 5NN

REGISTERED NUMBER:

SO305135 (Scotland)

ACCOUNTANTS:

EQ Accountants Ltd

47-49 The Square

Kelso

Roxburghshire

TD5 7HW

FIXED ASSETS

Property, plant and equipment

4

1,947,254

2,008,837

CURRENT ASSETS

Debtors

221,435

236,497

Prepayments and accrued income

182,184

184,736

Cash at bank

160,715

75,288

564,334

496,521

CREDITORS

Amounts falling due within one year

5

49,889

43,659

NET CURRENT ASSETS

514,445

452,862

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

2,461,699

2,461,699

LOANS AND OTHER DEBTS DUE TO MEMBERS

-

-

MEMBERS' OTHER INTERESTS

Capital accounts

2,461,699

2,461,699

2,461,699

2,461,699

TOTAL MEMBERS' INTERESTS

Members' other interests

2,461,699

2,461,699

Amounts due from members

(221,435

)

(236,497

)

2,240,264

2,225,202

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.

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 4 September 2025 and were signed by:

Arran Hydro Limited - Designated member

1.	STATUTORY INFORMATION

Glenkiln Hydro LLP is registered in Scotland. The LLP's registered number and registered office address can be found on the General Information page.

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.

Turnover

Revenue 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.

Land and buildings

-

Straight line over 40 years

Plant and machinery etc

-

Straight line over 40 years

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.	PROPERTY, PLANT AND EQUIPMENT

Long

Plant and

leasehold

machinery

Totals

£

£

£

COST

At 1 January 2024

and 31 December 2024

19,556

2,443,747

2,463,303

DEPRECIATION

At 1 January 2024

4,004

450,462

454,466

Charge for year

489

61,094

61,583

At 31 December 2024

4,493

511,556

516,049

NET BOOK VALUE

At 31 December 2024

15,063

1,932,191

1,947,254

At 31 December 2023

15,552

1,993,285

2,008,837

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Trade creditors

13,375

10,717

VAT

12,451

9,866

Accruals and deferred income

24,063

23,076

49,889

43,659

6.	OTHER FINANCIAL COMMITMENTS

The LLP is committed to paying annual rent on a lease which expires in 2058. The annual rental charge will be 8% of gross turnover for the first 10 years and 10% thereafter, subject to a minimum of £5,000 per annum.

7.	ULTIMATE CONTROLLING PARTY

The controlling party is Arran Hydro Limited .