REGISTERED NUMBER: SC612208 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Glen Creran Hydro Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R G S Sadler

W D Stewart

REGISTERED OFFICE:

Coldoch

Blair Drummond

Stirling

FK9 4XD

REGISTERED NUMBER:

SC612208 (Scotland)

ACCOUNTANTS:

Nichols & Co ( Accountancy ) Limited

Chartered Accountants

Unit 7

Mulberry Place

Pinnell Road

Eltham

London

SE9 6AR

FIXED ASSETS

Tangible assets

4

2,446,713

2,479,267

CURRENT ASSETS

Debtors

5

47,390

20,966

Cash at bank

384,985

662,385

432,375

683,351

CREDITORS

Amounts falling due within one year

6

(480,734

)

(420,248

)

NET CURRENT (LIABILITIES)/ASSETS

(48,359

)

263,103

TOTAL ASSETS LESS CURRENT LIABILITIES

2,398,354

2,742,370

CREDITORS

Amounts falling due after more than one year

7

(2,330,000

)

(2,730,000

)

NET ASSETS

68,354

12,370

CAPITAL AND RESERVES

Called up share capital

8

2

2

Retained earnings

68,352

12,368

SHAREHOLDERS' FUNDS

68,354

12,370

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 12 September 2025 and were signed on its behalf by:

R G S Sadler - Director

1.	STATUTORY INFORMATION

Glen Creran Hydro 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.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

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

TURNOVER

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS

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

Hydro power installations over 20 years (once power generation commences)

Dam extension over 20 years (once dam is operational)

HIRE PURCHASE AND LEASING COMMITMENTS

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Dam

machinery

extension

Totals

£

£

£

COST

At 1 April 2024

2,793,609

69,779

2,863,388

Additions

-

107,127

107,127

At 31 March 2025

2,793,609

176,906

2,970,515

DEPRECIATION

At 1 April 2024

384,121

-

384,121

Charge for year

139,681

-

139,681

At 31 March 2025

523,802

-

523,802

NET BOOK VALUE

At 31 March 2025

2,269,807

176,906

2,446,713

At 31 March 2024

2,409,488

69,779

2,479,267

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

9,182

-

Directors' current accounts

-

966

Prepayments and accrued income

38,208

20,000

47,390

20,966

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

14,073

-

Corporation tax

2,860

998

VAT

3,916

38,029

Other creditors

1,750

-

Directors' current accounts

250,006

211,467

Accruals and deferred income

3,019

2,880

Accrued interest on loan

205,110

166,874

480,734

420,248

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Other loans - 2-5 years

1,180,000

-

Other loans due after 5yrs

-

1,380,000

Directors' loan accounts

1,150,000

1,350,000

2,330,000

2,730,000

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Other loans due after 5yrs

-

1,380,000

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

2

Ordinary

£1

2

2

9.	RELATED PARTY DISCLOSURES

Included in creditors falling due after one year are loans advanced to the company by director, Mr R G S Sadler, amounting to £1,150,000 (2024: £1,350,000) and £1,180,000 (2024: £1,380,000) from a third party. The loans are due for repayment on 14 April 2029 and interest of 2.91% is due on the outstanding balance.

Included in creditors falling due within one year are additional funds of £249,850 (2024: £211,468) advanced to the company by Mr R G S Sadler. There are no fixed repayment terms and no interest is charged on the outstanding balance.

The loans were advanced in order to fund the costs of constructing the hydroelectric project.

Creditors include £156 due to director, Mr W D Stewart (2024: £966 debtor).

10.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.