Water Lilies Community Energy Limited

	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

Page 2

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)

Page 5

Page 6

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)

Page 7

Page 8

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

Page 8

Page 9

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.

Page 9