Silverfin false false 31/03/2025 01/04/2024 31/03/2025 N Cuvillier 05/01/2024 N Keeler 19/01/2011 T Noyes 19/01/2011 D Tippett 19/01/2011 M Wheaton 19/01/2011 02 December 2025 The principal activity of the company during the year was generating and providing electricity. 07492876 2025-03-31 07492876 bus:Director1 2025-03-31 07492876 bus:Director2 2025-03-31 07492876 bus:Director3 2025-03-31 07492876 bus:Director4 2025-03-31 07492876 bus:Director5 2025-03-31 07492876 2024-03-31 07492876 core:CurrentFinancialInstruments 2025-03-31 07492876 core:CurrentFinancialInstruments 2024-03-31 07492876 core:Non-currentFinancialInstruments 2025-03-31 07492876 core:Non-currentFinancialInstruments 2024-03-31 07492876 core:ShareCapital 2025-03-31 07492876 core:ShareCapital 2024-03-31 07492876 core:RetainedEarningsAccumulatedLosses 2025-03-31 07492876 core:RetainedEarningsAccumulatedLosses 2024-03-31 07492876 core:PlantMachinery 2024-03-31 07492876 core:Vehicles 2024-03-31 07492876 core:FurnitureFittings 2024-03-31 07492876 core:PlantMachinery 2025-03-31 07492876 core:Vehicles 2025-03-31 07492876 core:FurnitureFittings 2025-03-31 07492876 core:CostValuation 2024-03-31 07492876 core:CostValuation 2025-03-31 07492876 core:AdditionsToInvestments 2025-03-31 07492876 core:DisposalsRepaymentsInvestments 2025-03-31 07492876 2024-04-01 2025-03-31 07492876 bus:FilletedAccounts 2024-04-01 2025-03-31 07492876 bus:SmallEntities 2024-04-01 2025-03-31 07492876 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 07492876 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 07492876 bus:Director1 2024-04-01 2025-03-31 07492876 bus:Director2 2024-04-01 2025-03-31 07492876 bus:Director3 2024-04-01 2025-03-31 07492876 bus:Director4 2024-04-01 2025-03-31 07492876 bus:Director5 2024-04-01 2025-03-31 07492876 core:PlantMachinery core:TopRangeValue 2024-04-01 2025-03-31 07492876 core:Vehicles core:TopRangeValue 2024-04-01 2025-03-31 07492876 core:FurnitureFittings core:TopRangeValue 2024-04-01 2025-03-31 07492876 2023-04-01 2024-03-31 07492876 core:PlantMachinery 2024-04-01 2025-03-31 07492876 core:Vehicles 2024-04-01 2025-03-31 07492876 core:FurnitureFittings 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure

Company No: 07492876 (England and Wales)

# KWTN SOLAR LIMITED

### Unaudited Financial Statements
For the financial year ended 31 March 2025
Pages for filing with the registrar

KWTN SOLAR LIMITED

## Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

KWTN SOLAR LIMITED

## BALANCE SHEET

As at 31 March 2025
KWTN SOLAR LIMITED

## BALANCE SHEET (continued)

As at 31 March 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 2,459,408 |  | 2,606,792
Investments | 4 | 30,112 |  | 30,024
|  | 2,489,520 |  | 2,636,816
Current assets |  |  |  |
Stocks |  | 6,723 |  | 6,723
Debtors | 5 | 342,548 |  | 419,022
Cash at bank and in hand |  | 658,365 |  | 696,164
|  | 1,007,636 |  | 1,121,909
Creditors: amounts falling due within one year | 6 | ( 223,785) |  | ( 642,027)
Net current assets |  | 783,851 |  | 479,882
Total assets less current liabilities |  | 3,273,371 |  | 3,116,698
Creditors: amounts falling due after more than one year | 7 | 0 |  | ( 30,000)
Provision for liabilities |  | ( 220,789) |  | ( 232,464)
Net assets |  | 3,052,582 |  | 2,854,234
Capital and reserves |  |  |  |
Called-up share capital |  | 119 |  | 119
Profit and loss account |  | 3,052,463 |  | 2,854,115
Total shareholders' funds |  | 3,052,582 |  | 2,854,234

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 financial statements for the financial year in accordance with section 476;
- 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; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of KWTN Solar Limited (registered number: 07492876) were approved and authorised for issue by the Board of Directors on 02 December 2025. They were signed on its behalf by:

N Keeler Director |

KWTN SOLAR LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
KWTN SOLAR LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

KWTN Solar Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Coombe Farm, Roundham, Crewkerne, TA18 8RR, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.
Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

##### Turnover

Turnover represents amounts receivable, net of value added tax, in respect of electricity generated during the period.
Turnover is recognised when the risks and rewards are deemed to have passed to the customer.

##### Dividend income

Dividend income from investments is recognised when the shareholders' rights to receive payment have been established (provided that it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably).

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, 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.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. Deferred tax assets and liabilities are not discounted.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery | 4 years straight line
Vehicles | 4 years straight line
Fixtures and fittings | 25 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Leases

The Company as lessee
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

##### Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

##### Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

##### Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

##### 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 creditors: amounts falling due within one year.

##### Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
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.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

##### Ordinary share capital

The ordinary share capital of the Company is presented as equity.

##### Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

##### Reserves

Profit and loss account includes all current and prior period profits and losses.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 5 |  | 4

#### 3. Tangible assets

| Plant and machinery |  | Vehicles |  | Fixtures and fittings |  | Total
| £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |
At 01 April 2024 | 4,196 |  | 240,275 |  | 4,475,384 |  | 4,719,855
Additions | 0 |  | 0 |  | 95,000 |  | 95,000
At 31 March 2025 | 4,196 |  | 240,275 |  | 4,570,384 |  | 4,814,855
Accumulated depreciation |  |  |  |  |  |  |
At 01 April 2024 | 4,196 |  | 94,210 |  | 2,014,657 |  | 2,113,063
Charge for the financial year | 0 |  | 59,569 |  | 182,815 |  | 242,384
At 31 March 2025 | 4,196 |  | 153,779 |  | 2,197,472 |  | 2,355,447
Net book value |  |  |  |  |  |  |
At 31 March 2025 | 0 |  | 86,496 |  | 2,372,912 |  | 2,459,408
At 31 March 2024 | 0 |  | 146,065 |  | 2,460,727 |  | 2,606,792

#### 4. Fixed asset investments

Investments in subsidiaries

| 2025
| £
Cost |
At 01 April 2024 | 12
At 31 March 2025 | 12
Carrying value at 31 March 2025 | 12
Carrying value at 31 March 2024 | 12

| Investments in associates |  | Total
| £ |  | £
Cost or valuation before impairment |  |  |
At 01 April 2024 | 30,012 |  | 30,012
Additions | 91 |  | 91
Disposals | ( 3) |  | ( 3)
At 31 March 2025 | 30,100 |  | 30,100
Carrying value at 31 March 2025 | 30,100 |  | 30,100
Carrying value at 31 March 2024 | 30,012 |  | 30,012

#### 5. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 47,304 |  | 35,094
Other debtors | 295,244 |  | 383,928
| 342,548 |  | 419,022

#### 6. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Trade creditors | 42,595 |  | 46,797
Amounts owed to Group undertakings | 0 |  | 51,328
Taxation and social security | 13,874 |  | 245,617
Other creditors | 167,316 |  | 298,285
| 223,785 |  | 642,027

#### 7. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Other creditors | 0 |  | 30,000

#### 8. Contingencies

Contingent liabilities

| 2025 |  | 2024
| £ |  | £
Total contingent liabilities | 50,000 |  | 50,000

The total amount of contingencies not included in the balance sheet is £50,000 (2024 - £50,000). The sites where the photovoltaic systems are located are held on leases and the rent paid in the accounts reflects this. For one site, the rental agreement states that at the end of the agreement, which runs until February 2037 but may be extended, the photovoltaic system must be removed and the site returned to its original condition. Any work required in order to do this will be paid for by KWTN Solar Limited and the contingent liability above is an estimate of these costs.

#### 9. Related party transactions

Transactions with the entity's directors

The Directors loan account is repayable on demand and interest is charged on overdrawn balances exceeding £10,000 at the official HMRC rates.
At 1 April 2024, the balance owed by a director was £311. During the year, £nil was advanced to the director, and £311 was repaid by the director. At 31 March 2025, the balance owed by the director was £nil.
At 1 April 2023, the balance owed by a director was £57,153. During the year, £137,628 was advanced to the director, and £194,470 was repaid by the director. At 31 March 2024, the balance owed by the director was £311.

Other related party transactions

| 2025 |  | 2024
| £ |  | £
Balances owed from/(to) associates | (2,759) |  | (16,933)
Balances owed from/(to) subsidiaries | 35,198 |  | 94,640

The company has not disclosed transactions with wholly owned subsidiaries as permitted by FRS102 1A.