REGISTERED NUMBER: SC366492 (Scotland)

Unaudited Financial Statements for the Year Ended 31 October 2024

for

Roromore Hydro Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs E M Anderson

Mrs V M Dickins

REGISTERED OFFICE:

47-49 The Square

Kelso

Roxburghshire

TD5 7HW

REGISTERED NUMBER:

SC366492 (Scotland)

ACCOUNTANTS:

EQ Accountants Ltd

47-49 The Square

Kelso

Roxburghshire

TD5 7HW

FIXED ASSETS

Tangible assets

4

885,876

922,810

CURRENT ASSETS

Debtors

5

117,718

260,253

Investments

6

128,447

63,081

Cash at bank

883,972

584,461

1,130,137

907,795

CREDITORS

Amounts falling due within one year

7

294,142

410,953

NET CURRENT ASSETS

835,995

496,842

TOTAL ASSETS LESS CURRENT LIABILITIES

1,721,871

1,419,652

CREDITORS

Amounts falling due after more than one year

8

-

(74,132

)

PROVISIONS FOR LIABILITIES

(210,000

)

(210,000

)

NET ASSETS

1,511,871

1,135,520

CAPITAL AND RESERVES

Called up share capital

50

50

Retained earnings

1,511,821

1,135,470

SHAREHOLDERS' FUNDS

1,511,871

1,135,520

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company 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 relating to financial statements, so far as applicable to the company.

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 25 August 2025 and were signed on its behalf by:

Mrs V M Dickins - Director

Mrs E M Anderson - Director

1.	STATUTORY INFORMATION

Roromore Hydro Ltd 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.

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.

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

-

4% on reducing balance

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.	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 November 2023

and 31 October 2024

1,629,110

DEPRECIATION

At 1 November 2023

706,300

Charge for year

36,934

At 31 October 2024

743,234

NET BOOK VALUE

At 31 October 2024

885,876

At 31 October 2023

922,810

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.24

31.10.23

£

£

Trade debtors

88,557

225,444

Prepayments

29,161

34,809

117,718

260,253

6.	CURRENT ASSET INVESTMENTS

31.10.24

31.10.23

£

£

Listed investments

128,447

63,081

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.24

31.10.23

£

£

Bank loans and overdrafts

-

91,717

Trade creditors

2,193

48,872

Tax

286,162

179,163

VAT

1,140

86,704

Directors' loan accounts

1,983

1,983

Accrued expenses

2,664

2,514

294,142

410,953

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.24

31.10.23

£

£

Bank loans

-

74,132

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.10.24

31.10.23

£

£

Bank loans

-

165,849

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, Mrs E M Anderson,a director received rent from the company totalling £40,000 (2023 - £40,000).