Renfin Corrimony Limited

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

Registered number: 09973840

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		3,393,975		3,474,784

			3,393,975		3,474,784
CURRENT ASSETS
Debtors	5	1,797,072		1,546,817
Cash at bank and in hand		8,741		221,569

		1,805,813		1,768,386
Creditors: Amounts Falling Due Within One Year	6	(154,372 )		(64,231 )

NET CURRENT ASSETS (LIABILITIES)			1,651,441		1,704,155

TOTAL ASSETS LESS CURRENT LIABILITIES			5,045,416		5,178,939

Creditors: Amounts Falling Due After More Than One Year	7		(4,380,089 )		(4,763,874 )

NET ASSETS			665,327		415,065

CAPITAL AND RESERVES
Called up share capital	8		100		100
Profit and Loss Account			665,227		414,965

SHAREHOLDERS' FUNDS			665,327		415,065

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Renfin Corrimony 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 members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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

Renfin Corrimony Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09973840 . The registered office is Wellington House, 273-275 High Street, London Colney, 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

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	4,040,446

As at 31 December 2024	4,040,446

Depreciation
As at 1 January 2024	565,662
Provided during the period	80,809

As at 31 December 2024	646,471

Net Book Value
As at 31 December 2024	3,393,975

As at 1 January 2024	3,474,784

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Renfin Corrimony Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

5. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	25,219	37,793
Prepayments and accrued income	218,679	223,635
Other debtors	100	100

	243,998	261,528
Due after more than one year
Amounts owed by group undertakings	1,553,074	1,285,289

	1,797,072	1,546,817

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	103,784	5,330
VAT	1,006	4,054
Accruals and deferred income	49,582	54,847

	154,372	64,231

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

	2024	2023
	£	£
Amounts owed to group undertakings	4,380,089	4,763,874

8. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	100	100

9. Related Party Transactions

During the year a loan was provided from Renfin International a.s. to Renfin Corrimony Ltd. Interest of 7% p.a is payable on this loan. At the balance sheet date the amount due to Renfin International a.s. was £59,114 (2023: £56,081).

During the year a loan was provided from Renfin Hydro Holdco Ltd to Renfin Corrimony Ltd. Interest of 7% p.a is payable on this loan. At the balance sheet date the amount due to Renfin Hydro Holdco Ltd was £389,253 (2023: £369,299).

During the year a loan was provided from Notch Hydro Ltd to Renfin Corrimony Ltd. Interest of 7% p.a is payable on this loan. At the balance sheet date the amount due to Notch Hydro Ltd was £165,2580 (2023: £156,814).

During the year a loan was provided from Renfin Hydro Ltd to Renfin Corrimony Ltd. Average interest of 3% p.a is payable on this loan. At the balance sheet date the amount due to Renfin Hydro Ltd was £3,766,441 (2023: £4,181,679).

During the year a loan was provided to Enrick Gridco Ltd from Renfin Corrimony Limited. No interest is payable on this loan. At the balance sheet date the amount due to Renfin Corrimony Ltd was £585,660 (2023: £635,304).

During the year a loan was provided to H2O Power TOWY Ltd from Renfin Corrimony Limited. Interest is payable on this loan at 7%. At the balance sheet date the amount due to Renfin Corrimony Ltd was £967,413 (2023: £649,985).

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 Renfin Corrimony Limited .

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