Hesselberg Hydro (UK) Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 13613641

Hesselberg Hydro (UK) Limited

Filleted Financial Statements

31 March 2025

Hesselberg Hydro (UK) Limited

Financial Statements

Year ended 31 March 2025

Contents	Page

Statement of financial position	1

Notes to the financial statements	2

Hesselberg Hydro (UK) Limited

Statement of Financial Position

31 March 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	5	72,638	79,750

Current assets

Debtors	6	106,408	1,360,306
Cash at bank and in hand		1,740,845	1,553,349
		------------	------------
		1,847,253	2,913,655

Creditors: amounts falling due within one year	7	1,166,977	2,041,854
		------------	------------
Net current assets		680,276	871,801
		---------	---------
Total assets less current liabilities		752,914	951,551

Provisions	18,159	18,532
	---------	---------
Net assets	734,755	933,019
	---------	---------

Capital and reserves

Called up share capital	100,000	100,000
Profit and loss account	634,755	833,019
	---------	---------
Shareholders funds	734,755	933,019
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

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.

These financial statements were approved by the board of directors and authorised for issue on 24 October 2025 , and are signed on behalf of the board by:

Mr R C Smith	Mr J Davies
Director	Director

Company registration number: 13613641

Hesselberg Hydro (UK) Limited

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is C/O Tms Ltd, Unit 20, Dawlish Business Park, Dawlish, EX7 0NH, England.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Key sources of estimation uncertainty Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are as follows: i. Amounts recoverable on long term contracts A significant portion of the company's revenue is generated through long term contracts obtained. These can be carried out and completed in over one year. Revenue is recognised based on the stage of completion using the cost basis, and provisions for any loss making jobs are made in full where a loss is expected. ii. Useful economic life of tangible assets The annual depreciation charge depends on the estimated useful economic lives of the assets in question. These are re-assessed annually and amended where necessary to reflect current best estimates. iii. Provision for doubtful debts Where the recoverability of trade and other debtors is in doubt, a provision has been made against that debt. Management has considered factors including the credit rating of the debtor, the age of the debt and past experience. iv. Deferred tax Deferred tax assets and liabilities are recognised in full when they arise. As the book value of tangible fixed assets is higher than the tax written down value, the majority of the deferred tax balance is generated through the liability recognised on these timing differences.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Where the outcome of construction contracts can be reliably estimated, contract revenue and contract costs are recognised by reference to the stage of completion of the contract activity as at the period end. Where the outcome of construction contracts cannot be estimated reliably, revenue is recognised to the extent of contract costs incurred that it is probable will be recoverable, and contract costs are recognised as an expense in the period in which they are incurred. When it is probable that total contract costs will exceed total contract revenue, the expected loss is expensed immediately, with a corresponding provision for an onerous contract being recognised. Where the collectability of an amount already recognised as contract revenue is no longer probable, the uncollectible amount is expensed rather than recognised as an adjustment to the amount of contract revenue. The entity uses the percentage of completion method to determine the amounts to be recognised in the period. The stage of completion is measured by reference to the contract costs incurred up to the end of the reporting period as a percentage of total estimated costs for each contract. Costs incurred for work performed to date do not include costs relating to future activity, such as for materials or prepayments. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that it is probable the expenses recognised will be recovered.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Furniture, fittings and equipment	-	25% reducing balance
Motor vehicles	-	25% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 4 (2024: 2 ).

5. Tangible assets

	Furniture, fittings and equipment	Motor vehicles	Total
	£	£	£
Cost
At 1 April 2024	84,525	84,282	168,807
Additions	17,100	–	17,100
	---------	--------	---------
At 31 March 2025	101,625	84,282	185,907
	---------	--------	---------
Depreciation
At 1 April 2024	59,836	29,221	89,057
Charge for the year	10,447	13,765	24,212
	---------	--------	---------
At 31 March 2025	70,283	42,986	113,269
	---------	--------	---------
Carrying amount
At 31 March 2025	31,342	41,296	72,638
	---------	--------	---------
At 31 March 2024	24,689	55,061	79,750
	---------	--------	---------

6. Debtors

	2025	2024
	£	£
Trade debtors	53,321	993,188
Other debtors	53,087	367,118
	---------	------------
	106,408	1,360,306
	---------	------------

An amount of £34,911 (2024: £38,268) included within Trade Debtors will be repayable in more than one year and relates to retentions.

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	147,523	698,903
Corporation tax	336,989	583,705
Social security and other taxes	6,571	10,316
Other creditors	675,894	748,930
	------------	------------
	1,166,977	2,041,854
	------------	------------

8. Summary audit opinion

The auditor's report dated 27 October 2025 was unqualified .

The senior statutory auditor was Alexander Baker , for and on behalf of Burgess Hodgson Audit Limited .

9. Related party transactions

At the year end the company owed the directors nil (2024: £172). On 25 March 2025 all assets of the company as an acceding chargor have been pledged in a security deed of accession with HSBC UK Bank PLC, and a group company Ancora Midco Limited.

10. Controlling party

The company's shares are owned equally by Teignmouth Maritime Services Limited and Ancora Buyer Limited. The ultimate controlling party is Ancora Investco Limited with a registered office at 110 Wigmore Street, London, England W1U 3RW .