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Registered number: 12875314
Water Lilies Community Energy Limited
Directors' Report and
Financial Statements
For The Year Ended 31 March 2025
Water Lilies Community Energy Limited
Contents
Contents

| Page
--- | ---
Company Information | 1
Directors' Report | 2
Accountant's Report | 3
Income and Expenditure Account | 4
Balance Sheet | 5—6
Notes to the Financial Statements | 7—9

Page 1
Water Lilies Community Energy Limited
Company Information
For The Year Ended 31 March 2025
Company Information

Directors | Damon Rand
| Naomi Collins
Company Number | 12875314
Registered Office | Unit 21a
| Felix Road
| Bristol
| England
| BS5 0HE
Accountants | Third Sector Accountancy Limited
| Holyoake House
| Hanover Street
| Manchester
| M60 0AS

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Water Lilies Community Energy Limited
Company No. 12875314
Directors' Report For The Year Ended 31 March 2025
Directors' Report
The directors present their report and the financial statements for the year ended 31 March 2025.
Directors
The directors who held office during the year were as follows:

Andrew O'Brien | Resigned | 17/12/2024
Damon Rand
Naomi Collins | Appointed | 17/12/2024

Statement of Directors' Responsibilities
The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the surplus or deficit of the company for that period. In preparing the financial statements the directors are required to:

- select suitable accounting policies and then apply them consistently;
- make judgments and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
On behalf of the board

Damon Rand Director
04/12/2025

Page 2
Page 3
Water Lilies Community Energy Limited
Accountant's Report
For The Year Ended 31 March 2025
Accountant's Report
Chartered Accountant's report to the directors on the preparation of the unaudited statutory accounts of Water Lilies Community Energy Limited For The Year Ended 31 March 2025
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Water Lilies Community Energy Limited For The Year Ended 31 March 2025 which comprise the Income and Expenditure Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the directors of Water Lilies Community Energy Limited , as a body, in accordance with the terms of our engagement letter dated 28 January 2022. Our work has been undertaken solely to prepare for your approval the accounts of Water Lilies Community Energy Limited and state those matters that we have agreed to state to the directors of Water Lilies Community Energy Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Water Lilies Community Energy Limited and its directors, as a body, for our work or for this report.
It is your duty to ensure that Water Lilies Community Energy 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 or loss of Water Lilies Community Energy Limited . You consider that Water Lilies Community Energy Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of Water Lilies Community Energy 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 financial statements.

05/12/2025

Third Sector Accountancy Limited
Holyoake House
Hanover Street
Manchester
M60 0AS
Page 3
Page 4
Water Lilies Community Energy Limited
Income and Expenditure Account
For The Year Ended 31 March 2025
Income and Expenditure Account

| 2025 |  | 2024
--- | --- | --- | ---
| Notes | £ |  | £
TURNOVER |  | 30,306 |  | 12,246
Cost of sales |  | (36,556 ) |  | (48,126 )
GROSS DEFICIT |  | (6,250 ) |  | (35,880 )
Administrative expenses |  | (53,516 ) |  | (2,629 )
OPERATING DEFICIT |  | (59,766 ) |  | (38,509 )
Other interest receivable and similar income |  | 2 |  | 1
DEFICIT FOR THE FINANCIAL YEAR |  | (59,764 ) |  | (38,508 )

The notes on pages 7 to 9 form part of these financial statements.
Page 4
Page 5
Water Lilies Community Energy Limited
Balance Sheet
As At 31 March 2025
Balance Sheet

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 605,449 |  | 632,422
|  |  | 605,449 |  | 632,422
CURRENT ASSETS
Debtors | 5 | 6,879 |  | 12,144 |
Cash at bank and in hand |  | 4,809 |  | 11,704 |
|  | 11,688 |  | 23,848 |
Creditors: Amounts Falling Due Within One Year | 6 | (32,613 ) |  | (36,714 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (20,925 ) |  | (12,866 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 584,524 |  | 619,556
Creditors: Amounts Falling Due After More Than One Year | 7 |  | (720,110 ) |  | (695,378 )
NET LIABILITIES |  |  | (135,586 ) |  | (75,822 )
Income and Expenditure Account |  |  | (135,586 ) |  | (75,822 )
MEMBERS' FUNDS |  |  | (135,586) |  | (75,822)

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Water Lilies Community Energy Limited
Balance Sheet (continued)
As At 31 March 2025
For the 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.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
On behalf of the board

Damon Rand Director
04/12/2025

The notes on pages 7 to 9 form part of these financial statements.
Page 6
Page 7
Water Lilies Community Energy Limited
Notes to the Financial Statements
For The Year Ended 31 March 2025
Notes to the Financial Statements
1. General Information
Water Lilies Community Energy Limited is a private company, limited by guarantee, incorporated in England & Wales, registered number 12875314 . The registered office is Unit 21a, Felix Road, Bristol, England, BS5 0HE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
The company is a Public Benefit Entity in terms of FRS102.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold | 30 years straight line
Plant & Machinery | 15-30 years straight line

3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2024: NIL)
- -
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Water Lilies Community Energy Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
4. Tangible Assets

| Land & Property
--- | ---
| Leasehold | Plant & Machinery | Total
| £ | £ | £
Cost
As at 1 April 2024 | 9,080 | 623,751 | 632,831
As at 31 March 2025 | 9,080 | 623,751 | 632,831
Depreciation
As at 1 April 2024 | 409 | - | 409
Provided during the period | 214 | 26,759 | 26,973
As at 31 March 2025 | 623 | 26,759 | 27,382
Net Book Value
As at 31 March 2025 | 8,457 | 596,992 | 605,449
As at 1 April 2024 | 8,671 | 623,751 | 632,422

The company has elected to capitalise borrowing costs on the loan taken out to develop the assets, as permitted by FRS102. The total of borrowing costs capitalised is £71,690 (2024: £71,690).
5. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 3,218 |  | 4,248
Prepayments and accrued income | 1,120 |  | 279
VAT | 2,541 |  | 7,617
| 6,879 |  | 12,144

6. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 28,818 |  | 35,609
Accruals and deferred income | 3,795 |  | 1,105
| 32,613 |  | 36,714

7. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bristol Community Energy Limited loan | 720,110 |  | 695,378

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Water Lilies Community Energy Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
8. Secured Creditors
The loan due from Bristol Community Energy Limited is secured on fixed assets.
The total amount secured on fixed assets at the year end was £720,110.
The original Loan Facility amount was £673,000 at the loan effective date of 31/03/23.
The Total Facility Amount reduces every 5 years so must be paid down to below £646,080 by 31/03/2028.
9. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Not later than one year | 500 |  | 500
Later than one year and not later than five years | 2,000 |  | 2,000
Later than five years | 11,000 |  | 11,500
| 13,500 |  | 14,000

10. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
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