Company No: OC392567 (England and Wales)

Contents

• Statement of Financial Position
• Notes to the Financial Statements

	Note	2024		2023
		£		£
Fixed assets
Tangible assets	3	669,496		669,496
		669,496		669,496
Current assets
Debtors	4	108,667		157,772
Cash at bank and in hand		4,019		304
		112,686		158,076
Creditors: amounts falling due within one year	5	( 2,364)		( 4,020)
Net current assets		110,322		154,056
Total assets less current liabilities		779,818		823,552
Net assets attributable to members		779,818		823,552
Represented by
Loans and other debts due to members within one year
Other amounts	6	110,322		154,056
		110,322		154,056
Members' other interests
Members' capital classified as equity		669,496		669,496
		669,496		669,496
		779,818		823,552
Total members' interests
Loans and other debts due to members		110,322		154,056
Members' other interests		669,496		669,496
		779,818		823,552

For the financial year ending 31 December 2024 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

Members' responsibilities:

• The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Fforch-Isaf Farm Wind Power LLP (registered number: OC392567) were approved and authorised for issue by the Board of Directors on 26 September 2025. They were signed on its behalf by:

Repi Limited Designated member

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Fforch-Isaf Farm Wind Power LLP is a limited liability partnership, incorporated in the United Kingdom under the Limited Liability Partnerships Act 2000 and is registered in England and Wales. The address of the LLP's registered office is Stratton House Back Lane, Stoney Stratton, Evercreech, BA4 6EA, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Limited Liability Partnerships Act 2000 as applicable to companies subject to the small companies regime and the requirements of the Statement of Recommended Practice Accounting by Limited Liability Partnerships issued in December 2021 (SORP 2022).

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The members have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The members have a reasonable expectation that the LLP has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the 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.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Leasehold improvements

not depreciated

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Land and buildings were valued at [input date]. The valuation was undertaken by [input name] and qualification on the [input detail basis.]

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Ordinary share capital

The ordinary share capital of the LLP is presented as equity.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the LLP during the year	2		2

3. Tangible assets

	Leasehold improve- ments		Total
	£		£
Cost
At 01 January 2024	669,496		669,496
At 31 December 2024	669,496		669,496
Accumulated depreciation
At 01 January 2024	0		0
At 31 December 2024	0		0
Net book value
At 31 December 2024	669,496		669,496
At 31 December 2023	669,496		669,496

4. Debtors

	2024		2023
	£		£
Accrued income	108,667		157,772

5. Creditors: amounts falling due within one year

	2024		2023
	£		£
Accruals	2,364		4,020

6. Loans and other debts due to members

	2024		2023
	£		£
Other amounts due to members	110,322		154,056

Loans and other debts due to members may be further analysed as follows:

	2024		2023
	£		£
Falling due within one year	110,322		154,056

Loans and other debts due to members rank equally with debts due to ordinary creditors in the event of winding up.