Company No: 08945627 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	31.12.2024		30.09.2023
		£		£
Fixed assets
Intangible assets	3	212,832		331,072
Tangible assets	4	742,333		828,964
		955,165		1,160,036
Current assets
Debtors	5	400,638		147,210
Cash at bank and in hand		60,810		349,560
		461,448		496,770
Creditors: amounts falling due within one year	6	( 71,197)		( 305,111)
Net current assets		390,251		191,659
Total assets less current liabilities		1,345,416		1,351,695
Provision for liabilities	7	( 113,019)		( 113,019)
Net assets		1,232,397		1,238,676
Capital and reserves
Called-up share capital	8	1		1
Profit and loss account		1,232,396		1,238,675
Total shareholder's funds		1,232,397		1,238,676

For the financial period ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial period in accordance with section 476;
• 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Allt Coralan Hydro Limited (registered number: 08945627) were approved and authorised for issue by the Board of Directors on 15 September 2025. They were signed on its behalf by:

C Wong Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Allt Coralan Hydro Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 6/F Craven House, 119 - 123 Kingsway, London, WC2B 6PA, United Kingdom.

The financial statements have been prepared under the historical cost convention, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Reporting period length

To align the Company's year end the with other related entities, the current reporting period covers the 15 months to 31 December 2024. The comparative reporting period covers the 12 months to 30 September 2023.

Turnover

Turnover is attributable to the company's principal activity, the production of electricity through the operation of a hydro scheme, and represents amounts receivable from such production services. Turnover is recognised at the fair value of the consideration received or receivable for energy production services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Intangible assets

Intangible assets are stated at cost, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost of each asset over its expected useful life as follows:

Goodwill

10 years straight line

Goodwill

Goodwill arises on business combination and represents any excess of consideration given over the fair value of the identifiable assets and liabilities acquired. Goodwill is initially recognised as an intangible asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis over its useful economic life, which is 10 years.

Tangible fixed assets

Tangible fixed assets are stated at cost, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery

20 years straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Financial assets
An asset is impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use.

For financial assets carried at amortised cost, the amount of impairment is the difference between the asset’s carrying amount and the present value of estimated future cash flows, discounted at the financial asset’s original effective interest rate.

For financial assets carried at cost less impairment, the impairment loss is the difference between the asset’s carrying amount and the best estimate of the amount that would be received for the asset if it were to be sold at the reporting date.

Where indicators exist for a decrease in impairment loss, and the decrease can be related objectively to an event occurring after the impairment was recognised, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired financial asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price including transaction costs. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies are recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

	Period from 01.10.2023 to 31.12.2024		Year ended 30.09.2023
	Number		Number
Monthly average number of persons employed by the Company during the period, including directors	2		2

3. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 October 2023	945,920		945,920
At 31 December 2024	945,920		945,920
Accumulated amortisation
At 01 October 2023	614,848		614,848
Charge for the financial period	118,240		118,240
At 31 December 2024	733,088		733,088
Net book value
At 31 December 2024	212,832		212,832
At 30 September 2023	331,072		331,072

4. Tangible assets

	Plant and machinery		Total
	£		£
Cost
At 01 October 2023	1,386,100		1,386,100
At 31 December 2024	1,386,100		1,386,100
Accumulated depreciation
At 01 October 2023	557,136		557,136
Charge for the financial period	86,631		86,631
At 31 December 2024	643,767		643,767
Net book value
At 31 December 2024	742,333		742,333
At 30 September 2023	828,964		828,964

5. Debtors

	31.12.2024		30.09.2023
	£		£
Trade debtors	644		644
Amounts owed by Group undertakings	118,886		118,886
Other debtors	281,108		27,680
	400,638		147,210

6. Creditors: amounts falling due within one year

	31.12.2024		30.09.2023
	£		£
Trade creditors	1,882		23,213
Amounts owed to Group undertakings	46,121		256,121
Taxation and social security	13,963		13,963
Other creditors	9,231		11,814
	71,197		305,111

7. Provision for liabilities

	31.12.2024		30.09.2023
	£		£
Deferred tax	113,019		113,019

8. Called-up share capital

	31.12.2024		30.09.2023
	£		£
Allotted, called-up and fully-paid
1 Ordinary share of £ 1.00	1		1

9. Related party transactions

Other related party transactions

	31.12.2024		30.09.2023
	£		£
Amounts due from controlling entities, or entities under common control	118,886		118,886
Amounts due to controlling entities, or entities under common control	(46,121)		(256,121)

The above loans are unsecured, interest free and have no fixed repayment terms.

10. Ultimate controlling party

The parent company of Allt Coralan Hydro Limited is Profound UK Holdings Limited and its registered office is 6/F Craven House, 119 - 123 Kingsway, London, England, WC2B 6PA.

The ultimate controlling party of Allt Coralan Hydro Limited is Profound Limited, a company incorporated in Hong Kong.