Green Cat Renewable Developments Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: SC385834 (Scotland)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

GREEN CAT RENEWABLE DEVELOPMENTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Dr G Catto

C Sutherland

REGISTERED OFFICE:

Stobo House

Midlothian Innovation Centre

Roslin

Midlothian

EH25 9RE

REGISTERED NUMBER:

SC385834 (Scotland)

AUDITORS:

Leiper & Summers

Statutory Auditors

4 Charlotte Street

Fraserburgh

Aberdeenshire

AB43 9JE

FIXED ASSETS

Tangible assets

5

-

Investments

6

2,658,866

3,223,911

2,658,866

3,223,911

CURRENT ASSETS

Debtors

7

4,166,812

3,670,313

Cash at bank

21,183

81,698

4,187,995

3,752,011

CREDITORS

Amounts falling due within one year

8

775,931

705,940

NET CURRENT ASSETS

3,412,064

3,046,071

TOTAL ASSETS LESS CURRENT
LIABILITIES

6,070,930

6,269,982

PROVISIONS FOR LIABILITIES

30,966

-

NET ASSETS

6,039,964

6,269,982

CAPITAL AND RESERVES

Called up share capital

1,169

Share premium

168,431

Retained earnings

5,870,364

6,100,382

SHAREHOLDERS' FUNDS

6,039,964

6,269,982

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 26 September 2025 and were signed on its behalf by:

Dr G Catto - Director

1.	STATUTORY INFORMATION

Green Cat Renewable Developments Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

The presentation currency of the financial statements is the Pound Sterling (£). Monetary amounts in these financial statements are rounded to the nearest pound.

Going Concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Significant judgements and estimates

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

The directors consider that there are no estimates and underlying assumptions which have a significant risk of causing a material adjustment to the carrying amount of the assets and liabilities.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

20% on cost

Investments in subsidiaries and associates

Investments in subsidiary and associate undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held in 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 current liabilities.

4.	EMPLOYEES AND DIRECTORS

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

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

and 31 December 2024

248

DEPRECIATION

At 1 January 2024

and 31 December 2024

248

NET BOOK VALUE

At 31 December 2024

-

6.	FIXED ASSET INVESTMENTS

2024

2023

£

Shares in group undertakings

101

Loans to group undertakings

1,472,841

1,727,223

Participating interests

831,350

1,124,013

Loans to undertakings in which the company
has a participating interest

354,574

372,574

2,658,866

3,223,911

Additional information is as follows:

Shares in

Interest

group

in

undertakings

associate

Totals

£

COST

At 1 January 2024

101

1,124,013

1,124,114

Share of profit/(loss)

-

123,339

Impairments

-

(346,502

)

(346,502

)

Dividends received

-

(69,500

)

(69,500

)

At 31 December 2024

101

831,350

831,451

NET BOOK VALUE

At 31 December 2024

101

831,350

831,451

At 31 December 2023

101

1,124,013

1,124,114

Loans to

group

Loans to

undertakings

associates

Totals

£

At 1 January 2024

1,727,223

372,574

2,099,797

Repayment in year

(254,382

)

(18,000

)

(272,382

)

At 31 December 2024

1,472,841

354,574

1,827,415

7.

DEBTORS

2024

2023

£

Amounts falling due within one year:

Amounts owed by group undertakings

424,275

824,991

Amounts owed by associates

3,011,765

2,181,440

Other debtors

8,471

56,581

3,444,511

3,063,012

Amounts falling due after more than one year:

Amounts owed by group undertakings

-

155,000

Amounts owed by participating interests

722,301

452,301

722,301

607,301

Aggregate amounts

4,166,812

3,670,313

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade creditors

22,880

33,180

Amounts owed to group undertakings

86,856

81,226

Amounts owed to associates

450,000

474,371

Taxation and social security

115,487

96,733

Other creditors

100,708

20,430

775,931

705,940

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

The Report of the Auditors was unqualified.

Susan Hepburn (Senior Statutory Auditor)

for and on behalf of Leiper & Summers

10.	ULTIMATE CONTROLLING PARTY

The company's immediate parent undertaking is Green Cat Holdco Limited. The company is included in the group's financial statements prepared to 31 December 2024, copies of which are available from its registered office at Stobo House, Midlothian Innovation Centre, Roslin, Midlothian, EH25 9RE. The group is controlled by the directors.