REGISTERED NUMBER: 05227034 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

SKYBORN RENEWABLES (UK) WIND POWER

LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr R W C Allan

Mr P Lammers

SECRETARY:

Mr A Kaufmann

REGISTERED OFFICE:

55 Loudoun Road

St John's Wood

London

NW8 0DL

REGISTERED NUMBER:

05227034 (England and Wales)

AUDITORS:

MGR Weston Kay LLP

55 Loudoun Road

St John's Wood

London

NW8 0DL

SOLICITORS:

Fladgate LLP

16 Great Queen Street

London

WCB 5DG

CURRENT ASSETS

Debtors

4

1,214,878

936,780

Cash at bank

638,358

376,482

1,853,236

1,313,262

CREDITORS

Amounts falling due within one year

5

(778,690

)

(1,014,189

)

NET CURRENT ASSETS

1,074,546

299,073

TOTAL ASSETS LESS CURRENT LIABILITIES

1,074,546

299,073

CREDITORS

Amounts falling due after more than one year

6

(995,560

)

(518,130

)

NET ASSETS/(LIABILITIES)

78,986

(219,057

)

CAPITAL AND RESERVES

Called up share capital

8

1,000

1,000

Profit and loss reserves

77,986

(220,057

)

SHAREHOLDERS' FUNDS

78,986

(219,057

)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by:

Mr P Lammers - Director

Mr R W C Allan - Director

1.	COMPANY INFORMATION

Skyborn Renewables (UK) Wind Power Limited is a private company limited by shares incorporated in England and Wales. The registered office is 55 Loudoun Road, St John's Wood, London, NW8 0DL.

2.	ACCOUNTING POLICIES

Accounting convention

These financial statements have been prepared under the historical costs convention in accordance with FRS 102 Section 1A "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Going concern

The financial statements have been prepared on the going concern basis. The directors of Skyborn Renewables GmbH, the parent company, have confirmed that it is the intention of Skyborn Renewables GmbH to continue to support Skyborn Renewables (UK) Wind Power Limited for the foreseeable future. The financial statements do not include any adjustments that might result from the withdrawal of this support and the directors are of the opinion that the going concern basis is therefore appropriate to the preparation of these financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception on and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Employment benefits

The costs of short­term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 2 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

136,547

911,318

Other debtors

1,078,331

25,462

1,214,878

936,780

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

13,852

26,295

Taxation and social security

78,501

34,123

Other creditors

686,337

953,771

778,690

1,014,189

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Other creditors

995,560

518,130

7.

LESSEE

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

31.12.24

31.12.23

£

£

Within one year

3,600

3,058

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

1,000

Ordinary

£1

1,000

1,000

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

The Auditors' Report was unqualified.

Sarah Yardley BSc ACA (Senior Statutory Auditor)

For and on behalf of MGR Weston Kay LLP

10.	RELATED PARTY DISCLOSURES

The company has taken advantage of the exemption available in accordance with FRS 102 Section 33 'Related party disclosures' not to disclose transactions between two or more members of a group, as the company is a wholly owned subsidiary undertaking of the group to which it is party to the transactions.

11.	CONTROLLING PARTY

The company is a wholly-owned subsidiary of Skyborn Renewables GmbH, a company registered in Germany. It is ultimately controlled by Global Infrastructure Management LLC, a management company registered in North America.