REGISTERED NUMBER: SC710079 (Scotland)

Financial Statements For The Year Ended 31 December 2024

for

Koehler Renewable Energy UK Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

N F L Christoph

A Mathewson

REGISTERED OFFICE:

c/o Robb Ferguson

Regent Court

70 West Regent Street

Glasgow

G2 2QZ

REGISTERED NUMBER:

SC710079 (Scotland)

INDEPENDENT AUDITORS:

Robb Ferguson

Chartered Accountants & Statutory Auditors

Regent Court

70 West Regent Street

Glasgow

G2 2QZ

FIXED ASSETS

Tangible assets

4

1,755,195

736,668

CURRENT ASSETS

Debtors

5

241,951

128,571

Cash at bank

127,309

335,084

369,260

463,655

CREDITORS

Amounts falling due within one year

6

1,917,913

625,423

NET CURRENT LIABILITIES

(1,548,653

)

(161,768

)

TOTAL ASSETS LESS CURRENT LIABILITIES

206,542

574,900

CAPITAL AND RESERVES

Called up share capital

1,000,010

1,000,010

Retained earnings

(793,468

)

(425,110

)

206,542

574,900

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 Statement of Comprehensive Income 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

Koehler Renewable Energy UK 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.

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.

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% straight line

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

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Development costs

Development costs are reclassified as costs of investment when the renewable energy sites are completed. There is no depreciation charged on development costs as the sites are not yet operational.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Development

Motor

Computer

costs

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2024

698,676

58,106

2,002

758,784

Additions

1,027,926

-

490

1,028,416

At 31 December 2024

1,726,602

58,106

2,492

1,787,200

DEPRECIATION

At 1 January 2024

-

21,789

327

22,116

Charge for year

-

9,080

809

9,889

At 31 December 2024

-

30,869

1,136

32,005

NET BOOK VALUE

At 31 December 2024

1,726,602

27,237

1,356

1,755,195

At 31 December 2023

698,676

36,317

1,675

736,668

Development costs include legal and professional fees, material costs, consulting fees, project management and health and safety in relation to the construction of the renewable energy sites.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Intercompany debtor

175,536

82,577

Staff loans

-

321

VAT

57,877

39,837

Prepayments & accrued income

8,538

5,836

241,951

128,571

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

97,170

87,905

Other creditors

1,679,539

470,385

Accrued expenses

141,204

67,133

1,917,913

625,423

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

£

Within one year

38,400

3,200

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

The Report of the Auditors was qualified on the following basis:

Basis for qualified opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Similar to other companies involved in the development of renewable energy, the carrying value of development costs (£1,726,602) includes various sites at different stages of the planning and development process which, depending on whether planning permission is obtained,may or may not be recoverable in the future. The company's expectation for all costs carried as fixed assets is that the relevant permissions will be obtained in due course.

Where planning permission has not been obtained at the date of sign off of the financial statements, the conditions of FRS102 Section 1a are not met to enable capitalisation of development costs, and thus such costs should be expensed through the Statement of Comprehensive Income until such conditions are met.

We also refer to our modified audit opinion in respect of development costs capitalised at 31 December 2023 (£698,676).

Accordingly, the reasonableness of the carrying value of development costs at the year end (£1,726,602) and the previous year end (£698,676) cannot be confirmed.

Janice Alexander (Senior Statutory Auditor)

for and on behalf of Robb Ferguson

9.	ULTIMATE CONTROLLING PARTY