A7 LOCHHEAD LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A Hensher

S L G Watson

SECRETARY:

K Hensher

REGISTERED OFFICE:

31A The Avenue

Poole

Dorset

BH13 6LJ

REGISTERED NUMBER:

05974351 (England and Wales)

AUDITORS:

JRW Hogg & Thorburn LLP

Chartered Accountants &

Statutory Auditor

19 Buccleuch Street

Hawick

Roxburghshire

TD9 0HL

FIXED ASSETS

Tangible assets

4

2,143,631

2,485,652

CURRENT ASSETS

Debtors

5

715,052

696,731

Cash at bank

643,597

914,293

1,358,649

1,611,024

CREDITORS

Amounts falling due within one year

6

679,615

1,168,475

NET CURRENT ASSETS

679,034

442,549

TOTAL ASSETS LESS CURRENT LIABILITIES

2,822,665

2,928,201

PROVISIONS FOR LIABILITIES

7

648,419

782,125

NET ASSETS

2,174,246

2,146,076

CAPITAL AND RESERVES

Called up share capital

2,000

2,000

Retained earnings

8

2,172,246

2,144,076

SHAREHOLDERS' FUNDS

2,174,246

2,146,076

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17th November 2025 and were signed on its behalf by:

S L G Watson - Director

A Hensher - Director

1.	STATUTORY INFORMATION

A7 Lochhead Limited is a private company, limited by shares , registered in England and Wales. 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.

Going Concern

After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence and meet its liabilities as they fall due for the foreseeable future, being a period of at least twelve months from the date these financial statements were approved. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover represents net invoiced sales of renewable electricity and associated green credits, excluding value added tax. Turnover is accrued when the company obtains the right to consideration prior to raising sale invoices.

Revenue is measured at the fair value of the transaction 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 the cost less estimated residual value of each asset over its estimated useful life.

Wind farm asset

-

Straight line over 20 years

Financial assets

Basic financial assets, including trade and other debtors and bank balances, are initially recognised at transaction price.

At the end of each reporting period financial assets measured at cost are assessed for evidence of impairment. Any impairment loss is recognised in the Statement of Income and Retained Earnings.

Financial assets are derecognised when the contractual rights to the cash flows from the asset expire or are settled.

Financial liabilities

Basic financial liabilities, including trade and other creditors, are initially recognised at transaction price.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. These are classed as current liabilities if payment is due within one year or less. If not they are presented as non-current liabilities.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Foreign currencies

The company's functional currency is considered to be sterling (£) due to the primary economic environment in which it operates. The company's financial statements are also presented in sterling.

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Wind farm

asset

£

COST

At 1st April 2024

8,837,208

Additions

89,115

At 31st March 2025

8,926,323

DEPRECIATION

At 1st April 2024

6,351,556

Charge for year

431,136

At 31st March 2025

6,782,692

NET BOOK VALUE

At 31st March 2025

2,143,631

At 31st March 2024

2,485,652

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

661,643

624,042

Other debtors

53,409

72,689

715,052

696,731

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other loans

306,497

542,106

Trade creditors

9,609

5,587

Corporation tax

85,105

298,182

VAT

86,568

154,427

Unpaid dividend

125,000

-

Accruals and deferred income

66,836

168,173

679,615

1,168,475

7.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

302,170

459,433

Decommissioning provision

346,249

322,692

648,419

782,125

Deferred

tax

£

Balance at 1st April 2024

459,433

Accelerated capital allowances

(157,263

)

Balance at 31st March 2025

302,170

8.

RESERVES

Retained

earnings

£

At 1st April 2024

2,144,076

Profit for the year

753,170

Dividends

(725,000

)

At 31st March 2025

2,172,246

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Joanne Gibson (Senior Statutory Auditor)

for and on behalf of JRW Hogg & Thorburn LLP

10.	RELATED PARTY DISCLOSURES

No shareholder has control of the company. TISV 1 Limited is a related party by virtue of its 50% shareholding in the company.

Energy L Limited holds 50%. A Hensher is Director and sole shareholder of Energy L Limited.

There is a loan balance as at 31st March 2025 of £153,249 payable to TISV 1 Limited (2024, £271,053). There is also a loan balance as at 31st March 2025 of £153,249 payable to Energy L Limited (2024, £271,053). There was interest of £18,002 charged during the year in relation to these loans.

A7 Energy Ltd, a company which A Hensher is also a director of, provide A7 Lochhead Limited with monitoring and admin services. During the year, fees invoiced for these services totalled £53,876 (2024, £39,593).