Aller Langport Solar Park Limited

Contents

Balance Sheet	1
Notes to the Financial Statements	2 to 7

Aller Langport Solar Park Limited

Balance Sheet

31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	10,044,043	9,953,056
Current assets
Debtors	5	401,645	447,594
Cash at bank and in hand		1,625,849	1,344
		2,027,494	448,938
Creditors: Amounts falling due within one year	6	(750,892)	(10,118,368)
Net current assets/(liabilities)		1,276,602	(9,669,430)
Total assets less current liabilities		11,320,645	283,626
Creditors: Amounts falling due after more than one year	6	(10,703,575)	-
Provisions for liabilities	11	(224,385)	(262,132)
Net assets		392,685	21,494
Capital and reserves
Called up share capital	8	100	100
Profit and loss account		392,585	21,394
Shareholders' funds		392,685	21,494

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 27 June 2025 and signed on its behalf by:
 

......................................... Mr C D Bennett Director

Company Registration Number: 08651184

Aller Langport Solar Park Limited

Notes to the Financial Statements

Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
35 - 35A The Maltings
Lower Charlton Trading Estate
Shepton Mallet
Somerset
England
BA4 5QE

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentation currency is £ sterling.

Key sources of estimation uncertainty and judgements

Decommissioning provisions - At the end lease term, the group are required to reinstate the land occupied to its original state. The Directors take into account the future expected costs of dismantling the solar parks, less any residual value attached to the equipment.

Impairment of operational and solar parks under construction - The Directors review for signs of impairment in relation to the operational and solar parks under construction. The Directors will assess the present value of future expected cashflows against the carrying value of the assoicated assets. No impairment has been recorded in the year.

Revenue recognition

Turnover represents the fair value of the consideration received or receivable for the provision of services which fall within the Company’s ordinary activity. Turnover represents amounts recoverable from customers for supply of electricity and is measured at the fair value, based on export meter reads, of consideration received or receivable, stated net of discounts, returns and value added taxes All turnover arose with the United Kingdom.

Aller Langport Solar Park Limited

Notes to the Financial Statements

Year Ended 31 December 2024

Tax

Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on all timing differences at the balance sheet date unless indicated below. Timing differences are differences between taxable profits and the results as stated in the profit and loss account and other comprehensive income. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Tangible fixed assets relate to a solar park in construction therefore no depreciation has been provided as the asset is not yet fully commissioned.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Operational solar parks	Over the life of the lease on the land they occupy
Solar parks under construction	Depreciation commences when operational

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Aller Langport Solar Park Limited

Notes to the Financial Statements

Year Ended 31 December 2024

Financial instruments

Classification
The company holds the following financial instruments:

• Short term trade and other debtors and creditors;
• Cash balances; and
• Balances with group undertakings.

All financial instruments are classified as basic.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

 

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

Aller Langport Solar Park Limited

Notes to the Financial Statements

Year Ended 31 December 2024

4	Tangible assets

	Operational solar parks £	Solar park under construction £	Total £
Cost or valuation
At 1 January 2024	-	9,953,056	9,953,056
Additions	-	348,817	348,817
Transfers	10,301,873	(10,301,873)	-
At 31 December 2024	10,301,873	-	10,301,873
Depreciation
At 1 January 2024	-	-	-
Charge for the year	257,830	-	257,830
At 31 December 2024	257,830	-	257,830
Carrying amount
At 31 December 2024	10,044,043	-	10,044,043
At 31 December 2023	-	9,953,056	9,953,056

5

Debtors

	2024 £	2023 £
Trade debtors	4,171	34,720
Amounts owed by group undertakings	337,551	348,823
Prepayments and accrued income	54,570	58,618
Other debtors	5,353	5,433
	401,645	447,594

6

Creditors

	2024 £	2023 £
Due within one year
Trade creditors	25,123	1,664
Amounts owed to group undertakings	591,459	10,102,409
Taxation and social security	26,459	-
Accruals and deferred income	107,851	14,295
	750,892	10,118,368

Aller Langport Solar Park Limited

Notes to the Financial Statements

Year Ended 31 December 2024