Registration number: SC404989

Glen Hydro Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 7
Accountants' Report	8

Glen Hydro Limited

Company Information

Directors

Mr Richard John Haworth Mr Adam Luke Milner Mrs Pollyanna Katy Haworth

Company secretary

Mr Adam Luke Milner

Registered office

Larsen 12 Glen Derby Kirkmichael Blairgowrie Perthshire PH10 7NA

Accountants

EQ Accountants Ltd Unit 4B Gateway Business Park Beancross Road Grangemouth FK3 8WX

Glen Hydro Limited

(Registration number: SC404989)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	5,616	6,405
Current assets
Debtors	5	217	13,614
Cash at bank and in hand		40,475	74,116
		40,692	87,730
Creditors: Amounts falling due within one year	6	(15,890)	(40,519)
Net current assets		24,802	47,211
Total assets less current liabilities		30,418	53,616
Provisions for liabilities		(1,249)	(1,420)
Net assets		29,169	52,196
Capital and reserves
Called up share capital		100	100
Retained earnings		29,069	52,096
Shareholders' funds		29,169	52,196

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 17 September 2025 and signed on its behalf by:
 

......................................... Mr Adam Luke Milner Company secretary and director

Glen Hydro Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in Scotland.

2	Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Glen Hydro Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	25% on reducing balance
Fixtures and fittings	25% on reducing balance
Motor vehicles	25% on reducing balance
Computer equipment	33% on cost

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual
arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any
contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
 

3	Employees and Directors

The average number of persons employed by the company (including directors) during the year, was 4 (2024 - 3).

Glen Hydro Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4	Tangible assets

	Fixtures and fittings £	Plant and machinery £	Office equipment £	Motor vehicles  £
Cost or valuation
At 1 April 2024	934	9,349	13,962	2,600
Additions	-	-	1,082	-
At 31 March 2025	934	9,349	15,044	2,600
Depreciation
At 1 April 2024	881	8,303	9,119	2,137
Charge for the year	10	264	1,481	116
At 31 March 2025	891	8,567	10,600	2,253
Carrying amount
At 31 March 2025	43	782	4,444	347
At 31 March 2024	53	1,046	4,843	463

	Total £
Cost or valuation
At 1 April 2024	26,845
Additions	1,082
At 31 March 2025	27,927
Depreciation
At 1 April 2024	20,440
Charge for the year	1,871
At 31 March 2025	22,311
Carrying amount
At 31 March 2025	5,616
At 31 March 2024	6,405

5

Debtors

Current	2025 £	2024 £
Trade debtors	-	5,189
Prepayments	217	256
Other debtors	-	8,169
	217	13,614

Glen Hydro Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

6

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Trade creditors	-	75
Taxation and social security	12,941	19,539
Other creditors	2,949	20,905
	15,890	40,519

7	Related party transactions

Transactions with directors Debtors include the following amounts which are owed from individuals who were directors of the company during the year:

2025	At 1 April 2024 £	Repayments by director £	At 31 March 2025 £
Mr Adam Luke Milner
Loan	539	(539)	-
Mr Richard John Haworth
loan	1,012	(1,012)	-

2024	At 1 April 2023 £	Advances to director £	At 31 March 2024 £
Mr Adam Luke Milner
Loan	-	539	539
Mr Richard John Haworth
loan	-	1,012	1,012

Glen Hydro Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Creditors include the following amounts which are owed to individuals who were directors of the company during the year:

	2025  £	2024  £
Mr A L Milner	716	-
Mr R J Haworth	171	-
Mrs P Haworth	173	17
	1,060	17

The maximum balance outstanding during the year amounted to £1,060.

The directors current accounts are repayable on demand.
 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Glen Hydro Limited
for the Year Ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Glen Hydro Limited for the year ended 31 March 2025 as set out on pages 2 to 7 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of Glen Hydro Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Glen Hydro Limited and state those matters that we have agreed to state to the Board of Directors of Glen Hydro Limited, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Glen Hydro Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Glen Hydro Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Glen Hydro Limited. You consider that Glen Hydro Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Glen Hydro Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

EQ Accountants Ltd
Unit 4B
Gateway Business Park
Beancross Road
Grangemouth
FK3 8WX

17 September 2025