Hazelmead Community Energy Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 11917573

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,282,829		1,326,975

			1,282,829		1,326,975
CURRENT ASSETS
Debtors	5	16,631		16,062
Cash at bank and in hand		19,801		15,944

		36,432		32,006
Creditors: Amounts Falling Due Within One Year	6	(60,867 )		(55,439 )

NET CURRENT ASSETS (LIABILITIES)			(24,435 )		(23,433 )

TOTAL ASSETS LESS CURRENT LIABILITIES			1,258,394		1,303,542

Creditors: Amounts Falling Due After More Than One Year	7		(1,389,008 )		(1,331,724 )

NET LIABILITIES			(130,614 )		(28,182 )

Income and Expenditure Account			(130,614 )		(28,182 )

MEMBERS' FUNDS			(130,614)		(28,182)

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Hazelmead 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income and Expenditure Account.

On behalf of the board

Damon Rand

Director

11/12/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Hazelmead Community Energy Limited is a private company, limited by guarantee, incorporated in England & Wales, registered number 11917573 . The registered office is Unit 21a Easton Business Centre, Felix Road, Bristol, 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

No depreciation is charged in the year of acquisition or of the assets are not brought into use.

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Hazelmead Community Energy Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.4. Government Grant

Government grants are recognised in the income and expenditure account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.

Grants for immediate financial support or to cover costs already incurred are recognised immediately in the income and expenditure account. Grants towards general activities of the entity over a specific period are recognised in the income and expenditure account over that period.

Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the income and expenditure account over the useful life of the asset concerned.

All grants in the income and expenditure account are recognised when all conditions for receipt have been complied with.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2024: NIL)

4. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Total
	£	£	£
Cost
As at 1 April 2024	13,044	1,313,931	1,326,975
Additions	13,429	-	13,429

As at 31 March 2025	26,473	1,313,931	1,340,404

Depreciation
As at 1 April 2024	-	-	-
Provided during the period	-	57,575	57,575

As at 31 March 2025	-	57,575	57,575

Net Book Value
As at 31 March 2025	26,473	1,256,356	1,282,829

As at 1 April 2024	13,044	1,313,931	1,326,975

The company elected to capitalise borrowing costs on the loan taken out to develop the assets, as permitted by FRS102. The total capitalised as at 31 March 2025 was £115,846 (2024: £115,846). The assets were brought into use on 01/04/2024.

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Hazelmead Community Energy Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	6,893	7,367
Prepayments and accrued income	4,282	374
VAT	5,456	8,321

	16,631	16,062

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	52,736	54,553
Accruals and deferred income	8,131	886

	60,867	55,439

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

	2025	2024
	£	£
Loan -Bristol Community Energy Limited	1,095,130	1,037,846
Capital grants	293,878	293,878

	1,389,008	1,331,724

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 £1,095,130. The original Loan Facility amount was £1,139,000 at the loan effective date of 31/03/23. The Total Facility Amount reduces every 5 years so must be paid down to below £1,093,440 by 31/03/2028.

9. Contingent Liabilities

The company may have to pay further sums of £100,000-£120,000 for aspects of construction works incurred by the developer as a consequence of the project. The final number depends on the outcomes of ongoing contractual negotiations around Microgrid Lease and Concession.

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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