RIVINGTON SOLAR LIMITED


Directors	HUGHES, Michael John
	NEWMAN, Andrew Jonathan Charles


Registered Address	Level 4 Ldn:W
	3 Noble Street
	London
	EC2V 7EE


Registered Number	12352202 (England and Wales)

Statement of Financial Position
31 December 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Investments	3		279		191
			279		191
Current assets
Stocks	4	-		193,850
Debtors	5	2,489,168		939,735
Cash at bank and on hand		87		2,304
		2,489,255		1,135,889
Creditors amounts falling due within one year	6	-		(142,507)
Net current assets (liabilities)			2,489,255		993,382
Total assets less current liabilities			2,489,534		993,573
Net assets			2,489,534		993,573
Capital and reserves
Profit and loss account			2,489,534		993,573
Shareholders' funds			2,489,534		993,573

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 23 September 2025, and are signed on its behalf by:

HUGHES, Michael John
Director
Registered Company No. 12352202

RIVINGTON SOLAR LIMITED

Notes to the Financial Statements
for the year ended 31 December 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page. The principal activity of the company is development of solar and storage projects across the UK.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard and the Companies Act 2006.

	Revenue from sale of goods
	Profit on disposals from the sale of renewable energy developments is recognised when all of the following conditions are satisfied: •the Company has transferred the significant risks and rewards of ownership to the buyer; •the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; •the amount of revenue can be measured reliably; •it is probable that the Company will receive the consideration due under the transaction; and •the costs incurred or to be incurred in respect of the transaction can be measured reliably. In the prior period, inflows generated on the sale of renewable energy developments were included within turnover. It has subsequently been concluded that given the nature of the Company's interest in these developments, this inflow should be classified as investment income. This reclassification has been applied retrospectively to turnover and profit on disposals in the prior period.

Revenue from sale of goods

Profit on disposals from the sale of renewable energy developments is recognised when all of the following conditions are satisfied:

•the Company has transferred the significant risks and rewards of ownership to the buyer;
•the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
•the amount of revenue can be measured reliably;
•it is probable that the Company will receive the consideration due under the transaction; and
•the costs incurred or to be incurred in respect of the transaction can be measured reliably.

In the prior period, inflows generated on the sale of renewable energy developments were included within turnover. It has subsequently been concluded that given the nature of the Company's interest in these developments, this inflow should be classified as investment income. This reclassification has been applied retrospectively to turnover and profit on disposals in the prior period.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Stocks and work in progress
	Stock comprises of work in progress of potential developments are is valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

	Trade and other debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Trade and other debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Financial instruments
	The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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. Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially 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. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially 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. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

2.	Average number of employees


		2024		2023
	Average number of employees during the year	0		0

3.	Fixed asset investments

	Investments in groups¹	Total
	£	£
Cost or valuation
At 01 January 24	191	191
Additions	88	88
At 31 December 24	279	279
Net book value
At 31 December 24	279	279
At 31 December 23	191	191

	Notes
	¹Investments in group undertakings and participating interests

4.	Stocks

	2024	2023
	£	£
Work in progress	-	193,850
Total	-	193,850

5.	Debtors: amounts due within one year

	2024	2023
	£	£
Amounts owed by group undertakings	2,488,273	895,736
Other debtors	895	999
Prepayments and accrued income	-	43,000
Total	2,489,168	939,735

6.	Creditors: amounts due within one year

	2024	2023
	£	£
Amounts owed to related parties	-	142,507
Total	-	142,507

7.	Controlling party
	Until 7 April 2025 the ultimate parent undertaking was Rivington Investments Limited. Since 7 April 2025, the Company’s ultimate parent undertaking has been Federated Hermes, Inc. a company incorporated in the United States of America. The immediate parent company is Rivington Energy Limited. The smallest and largest group to consolidate the accounts of the company is Rivington Energy (Management) Limited, who registered office is Level 4, LDN:W, 3 Noble Street, London, EC2V 7EE. A copy of the group accounts can be obtained from Companies House.

Controlling party

Until 7 April 2025 the ultimate parent undertaking was Rivington Investments Limited. Since 7 April 2025, the Company’s ultimate parent undertaking has been Federated Hermes, Inc. a company incorporated in the United States of America.

The immediate parent company is Rivington Energy Limited. The smallest and largest group to consolidate the accounts of the company is Rivington Energy (Management) Limited, who registered office is Level 4, LDN:W, 3 Noble Street, London, EC2V 7EE. A copy of the group accounts can be obtained from Companies House.