Afon Las Hydro Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 08360319

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		808,990		828,679

			808,990		828,679
CURRENT ASSETS
Debtors	5	174,182		211,628
Cash at bank and in hand		27,971		35,398

		202,153		247,026
Creditors: Amounts Falling Due Within One Year	6	(50,310 )		(55,455 )

NET CURRENT ASSETS (LIABILITIES)			151,843		191,571

TOTAL ASSETS LESS CURRENT LIABILITIES			960,833		1,020,250

Creditors: Amounts Falling Due After More Than One Year	7		(976,027 )		(1,045,622 )

NET LIABILITIES			(15,194 )		(25,372 )

CAPITAL AND RESERVES
Called up share capital	8		1,000		1,000
Profit and Loss Account			(16,194 )		(26,372 )

SHAREHOLDERS' FUNDS			(15,194)		(25,372)

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Afon Las Hydro Limited

Balance Sheet (continued)

As At 31 December 2024

For the 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.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Jan Tosnar

Director

30/09/2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Afon Las Hydro Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08360319 . The registered office is Wellington House 273-275 High Street, London Colney, St Albans, Hertfordshire, AL2 1HA.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	Straight line over 50 years
Computer Equipment	25% WDV

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2023: NIL)

4. Tangible Assets

	Plant & Machinery
	£
Cost
As at 1 January 2024	984,432

As at 31 December 2024	984,432

Depreciation
As at 1 January 2024	155,753
Provided during the period	19,689

As at 31 December 2024	175,442

Net Book Value
As at 31 December 2024	808,990

As at 1 January 2024	828,679

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Afon Las Hydro Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

5. Debtors

	2024	2023
	£	£
Due within one year
Prepayments and accrued income	38,066	52,130
Other debtors	600	600
VAT	-	905

	38,666	53,635
Due after more than one year
Amounts owed by group undertakings	135,516	157,993

	174,182	211,628

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	29,747	24,662
VAT	1,617	-
Accruals and deferred income	18,946	30,793

	50,310	55,455

7. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Amounts owed to group undertakings	976,027	1,045,622

8. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	1,000	1,000

9. Related Party Transactions

During the year there was an existing loan from Renfin Afon Las Hydro Ltd. Interest of 7% pa is payable on this loan. At the balance sheet date the amount due to Renfin Afon Las Hydro Ltd was £271,947 (2023: £257,990)

During the year there was a loan provided from Renfin Hydro Ltd. An average interest rate of 3% pa is payable on this loan. At the balance sheet date the amount due to Renfin Hydro Ltd was £698,079 (2023: £780,631)

During the year a loan was provided to H2O Power TOWY Ltd from Afon Las Hydro Limited. Interest is payable on this loan at 7%. At the balance sheet date the amount due to Afon Las Hydro Ltd was £27,500 (2023: £155,792).

During the year a loan was provided to Renfin International a.s. from Afon Las Hydro Limited. Interest is payable on this loan at 4.5%. At the balance sheet date the amount due to Afon Las Hydro Ltd was £105,815 (2023: £0).

10. Ultimate Parent Undertaking and Controlling Party

The company's ultimate parent undertaking is Renfin International a.s . The ultimate controlling party is Renfin Hydro Ltd who controls 100% of the shares of Afon Las Hydro Limited .

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