Company Registration No. SC367358 (Scotland)
Our Hydro Limited
Unaudited financial statements
for the year ended 31 March 2025
Pages for filing with the registrar
Our Hydro Limited
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 6
Our Hydro Limited
Statement of financial position
As at 31 March 2025
31 March 2025
1
2025
2024
Notes
£
£
£
£
Fixed assets
Investments
3
61,525
61,525
Current assets
Debtors
4
880,183
890,952
Cash at bank and in hand
8,327
29,743
888,510
920,695
Creditors: amounts falling due within one year
5
(344,873)
(321,199)
Net current assets
543,637
599,496
Total assets less current liabilities
605,162
661,021
Creditors: amounts falling due after more than one year
6
(423,284)
(480,271)
Provisions for liabilities
(15,692)
(11,902)
Net assets
166,186
168,848
Capital and reserves
Called up share capital
7
100
100
Profit and loss reserves
166,086
168,748
Total equity
166,186
168,848

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

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

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

Our Hydro Limited
Statement of financial position (continued)
As at 31 March 2025
31 March 2025
2
The financial statements were approved by the board of directors and authorised for issue on 20 October 2025 and are signed on its behalf by:
John MacDonald
Director
Company Registration No. SC367358
Our Hydro Limited
Notes to the financial statements
For the year ended 31 March 2025
3
1
Accounting policies
Company information

Our Hydro Limited is a private company limited by shares incorporated in Scotland. The registered office is Clachan, Cairndow, Argyll, PA26 8BL.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
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 current liabilities.

1.3
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

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.

Our Hydro Limited
Notes to the financial statements (continued)
For the year ended 31 March 2025
1
Accounting policies (continued)
4
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.4
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

1.5
Taxation
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Where items recognised in other comprehensive income or equity are chargeable to or deductible for tax purposes, the resulting current or deferred tax expense or income is presented in the same component of comprehensive income or equity as the transaction or other event that resulted in the tax expense or income. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.6
Leases

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

Our Hydro Limited
Notes to the financial statements (continued)
For the year ended 31 March 2025
5
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
-
0
-
0
3
Fixed asset investments
2025
2024
£
£
Other investments other than loans
61,525
61,525
Fixed asset investments not carried at market value

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses.

4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
662,348
704,372
Amounts owed by group undertakings
153,544
131,239
Other debtors
64,291
55,341
880,183
890,952
5
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
381
-
0
Amounts owed to group undertakings
248,457
230,150
Taxation and social security
1,339
1,350
Other creditors
94,696
89,699
344,873
321,199
Our Hydro Limited
Notes to the financial statements (continued)
For the year ended 31 March 2025
6
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
423,284
480,271
Amounts included above which fall due after five years are as follows:
Payable by instalments
158,208
230,521

On 16 May 2019 the company granted a floating charge in favour of Social Growth Fund LLP in respect of the undertaking and all property and assets of the company including uncalled capital.

The loan from Social Growth Fund LLP bears interest at 6% per annum and is repayable no later than 31 March 2032.

7
Called up share capital
2025
2024
£
£
Ordinary share capital
Issued and fully paid
100 Ordinary shares of £1 each
100
100
8
Parent company

In the opinion of the directors, the ultimate controlling party is Here We Are, a charitable company registered in Scotland.

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