Registration number:
Renfin Glen Hydro Ltd
for the Year Ended 31 December 2024
Renfin Glen Hydro Ltd
Contents
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Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
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Accountants' Report |
Renfin Glen Hydro Ltd
Company Information
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Director |
Mr Jan Tosnar |
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Registered office |
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Accountants |
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Renfin Glen Hydro Ltd
(Registration number: 11686911)
Balance Sheet as at 31 December 2024
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2023 |
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Fixed assets |
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Investments |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current assets |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
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Net liabilities |
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Capital and reserves |
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Called up share capital |
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Retained earnings |
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Shareholders' deficit |
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For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
Approved and authorised by the
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Renfin Glen Hydro Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024
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General information |
The company is a private company limited by share capital, incorporated in England and Wales.
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Accounting policies |
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
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.
Going concern
It is the opinion of the director that there is reasonable expectation that the company has adequate resources to continue operations for the foreseeable future. For this reason the going concern basis has been adopted in preparing the financial statements for the period ended 31 December 2023.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Tax
The tax expense for the period comprises deferred 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 income 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 in respect of all timing differences between taxable profits and profits reported in the
financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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.
Renfin Glen Hydro Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024
Investments
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.
Financial instruments
Classification
arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any
contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
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Employees and Directors |
The average number of persons employed by the company (including the director) during the year, was
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Investments |
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2023 |
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Investments in subsidiaries |
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Subsidiaries |
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Cost or valuation |
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At 1 January 2024 |
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Provision |
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Carrying amount |
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At 31 December 2024 |
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At 31 December 2023 |
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Debtors |
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Current |
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Other debtors |
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Renfin Glen Hydro Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024
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Creditors |
Creditors: amounts falling due within one year
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Due within one year |
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Loans and borrowings |
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Other creditors |
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Creditors: amounts falling due after more than one year
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Due after one year |
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Loans and borrowings |
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A charge is registered over the company's assets by National Westminster Bank Plc.
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Loans and borrowings |
Non-current loans and borrowings
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Bank borrowings |
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Current loans and borrowings
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Bank borrowings |
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Renfin Glen Hydro Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024
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Related party transactions |
Summary of transactions with entities with joint control or significant interest
Included within other debtors is an intercompany loan of £1,841,777 (2023: £2,236,250) due from Glen Hydro Loch Eil Limited, a company which has a shared director with Renfin Glen Hydro Ltd. The intercompany loan is repayable on demand.
Glen Hydro Chesthill Limited
Included within other debtors is an intercompany loan of £1,040,654 (2023: £1,270,271) due from Glen Hydro Chesthill Limited, a company which has a shared director with Renfin Glen Hydro Ltd. The intercompany loan is repayable on demand.
Glen Hydro Ledcharrie Limited
Included within other debtors is an intercompany loan of £3,076,468 (2023: £3,430,716) due from Glen Hydro Ledcharrie Limited, a company which has a shared director with Renfin Glen Hydro Ltd. The intercompany loan is repayable on demand.
Glen Hydro Lochrosque Limited
Included within other debtors is an intercompany loan of £2,098,588 (2023: £2,297,222) due from Glen Hydro Lochrosque Limited, a company which has a shared director with Renfin Glen Hydro Ltd. The intercompany loan is repayable on demand.
Glen Hydro Kinlochewe Ltd
Included within other debtors is an intercompany loan of £6,461,418 (2023: £7,531,721) due from Glen Hydro Kinlochewe Ltd, a company which has a shared director with Renfin Glen Hydro Ltd. The intercompany loan is repayable on demand.
Glen Hydro Fassfern Limited
Included within other debtors is an intercompany loan of £1,647,821 (2023: £1,803,465) due from Glen Hydro Fassfern Limited, a company which has a shared director with Renfin Glen Hydro Ltd. The intercompany loan is repayable on demand.
Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Renfin Glen Hydro Ltd
for the Year Ended 31 December 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Renfin Glen Hydro Ltd for the year ended 31 December 2024 as set out on pages 2 to 6 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.
This report is made solely to the Board of Directors of Renfin Glen Hydro Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Renfin Glen Hydro Ltd and state those matters that we have agreed to state to the Board of Directors of Renfin Glen Hydro Ltd, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Renfin Glen Hydro Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Renfin Glen Hydro Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Renfin Glen Hydro Ltd. You consider that Renfin Glen Hydro Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Renfin Glen Hydro Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
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Gateway Business Park
Beancross Road
Grangemouth
FK3 8WX