REGISTERED NUMBER: SC467894 (Scotland)

Financial Statements For The Year Ended 31 December 2024

for

Kelburn Hydro Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

D M D Boyle

N F L Christoph

A Mathewson

REGISTERED OFFICE:

C/o Robb Ferguson

Regent Court

70 West Regent Street

Glasgow

G2 2QZ

REGISTERED NUMBER:

SC467894 (Scotland)

INDEPENDENT AUDITORS:

Robb Ferguson

Chartered Accountants & Statutory Auditors

Regent Court

70 West Regent Street

Glasgow

G2 2QZ

FIXED ASSETS

Tangible assets

4

559,610

602,832

CURRENT ASSETS

Debtors

5

45,487

54,547

Cash at bank

51,577

147,957

97,064

202,504

CREDITORS

Amounts falling due within one year

6

541,475

719,494

NET CURRENT LIABILITIES

(444,411

)

(516,990

)

TOTAL ASSETS LESS CURRENT LIABILITIES

115,199

85,842

PROVISIONS FOR LIABILITIES

38,273

29,856

NET ASSETS

76,926

55,986

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

76,826

55,886

76,926

55,986

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 September 2025 and were signed on its behalf by:

N F L Christoph - Director

1.	STATUTORY INFORMATION

Kelburn Hydro Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

The financial statements have been prepared on the going concern basis. The Directors consider that the going concern basis is appropriate as although the company has net current liabilities, these are principally represented by sums due to related parties who have confirmed their continued support.

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.

Fixed plant and equipment

-

5% on cost

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

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 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4.	TANGIBLE FIXED ASSETS

Fixed

plant and

equipment

£

COST

At 1 January 2024

and 31 December 2024

864,716

DEPRECIATION

At 1 January 2024

261,884

Charge for year

43,222

At 31 December 2024

305,106

NET BOOK VALUE

At 31 December 2024

559,610

At 31 December 2023

602,832

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

8,031

-

Other debtors

2,204

-

Prepayments and accrued income

35,252

54,547

45,487

54,547

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

VAT

1,064

2,664

Other creditors

527,021

705,267

Accrued expenses

13,390

11,563

541,475

719,494

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Janice Alexander (Senior Statutory Auditor)

for and on behalf of Robb Ferguson

8.	RELATED PARTY DISCLOSURES

9.	ULTIMATE CONTROLLING PARTY