Farr Hydro Scheme LLP - Accounts to registrar (filleted)

REGISTERED NUMBER: SO304936 (Scotland)

Unaudited Financial Statements for the Year Ended 30 June 2025

for

Farr Hydro Scheme LLP

Page

General Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

M.E.G Hydro Co Limited

Newbie Limited

REGISTERED OFFICE:

Glenkyllachy

Tomatin

Inverness-shire

IV13 7YA

REGISTERED NUMBER:

SO304936 (Scotland)

ACCOUNTANTS:

EQ Accountants Ltd

47-49 The Square

Kelso

Roxburghshire

TD5 7HW

FIXED ASSETS

Property, plant and equipment

4

1,680,683

1,735,956

CURRENT ASSETS

Debtors

5

447,143

620,313

Cash at bank

337,615

99,456

784,758

719,769

CREDITORS

Amounts falling due within one year

6

106,424

96,708

NET CURRENT ASSETS

678,334

623,061

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO
MEMBERS

2,359,017

LOANS AND OTHER DEBTS DUE TO
MEMBERS

-

MEMBERS' OTHER INTERESTS

Capital accounts

2,359,017

TOTAL MEMBERS' INTERESTS

Members' other interests

2,359,017

Amounts due from members

5

(371,365

)

(474,574

)

1,987,652

1,884,443

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 30 June 2025.

The members acknowledge their responsibilities for:

(a)	ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 30 September 2025 and were signed by:

Newbie Limited - Designated member

M.E.G Hydro Co Limited - Designated member

1.	STATUTORY INFORMATION

Farr Hydro Scheme LLP is registered in Scotland. The LLP's registered number and registered office address can be found on the General 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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

Turnover

Revenue 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.

Land and buildings

-

Straight line over 40 years

Plant and machinery etc

-

Straight line over 40 years

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.	EMPLOYEE INFORMATION

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

4.	PROPERTY, PLANT AND EQUIPMENT

Interest

in long

Plant and

leasehold

machinery

Totals

£

COST

At 1 July 2024

and 30 June 2025

28,558

2,181,952

2,210,510

DEPRECIATION

At 1 July 2024

5,801

468,753

474,554

Charge for year

723

54,550

55,273

At 30 June 2025

6,524

523,303

529,827

NET BOOK VALUE

At 30 June 2025

22,034

1,658,649

1,680,683

At 30 June 2024

22,757

1,713,199

1,735,956

5.

DEBTORS

30/6/25

30/6/24

£

Amounts falling due within one year:

Trade debtors

5,630

-

Amounts due from members

371,365

474,574

VAT

879

-

Accrued income

25,837

103,870

Prepayments

20,730

19,167

424,441

597,611

Amounts falling due after more than one year:

Other debtors

22,702

Aggregate amounts

447,143

620,313

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/6/25

30/6/24

£

Trade creditors

3,000

22,009

VAT

-

6,071

Accrued expenses

103,424

68,628

106,424

96,708