RENEWABLE ENERGY DEVELOPMENT GROUP LTD


Directors	Richard Taylor
	Dr Fiona Taylor
	Emma Isokivi
	Alasdair Reynolds


Company Secretary	BELL INGRAM LLP


Registered Address	Durn
	Isla Road
	Perth
	PH2 7HF


Registered Number	SC232400 (Scotland)

Balance Sheet as at
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Intangible assets	3		154		205
Tangible assets	4		1,698		2,263
Investments	5		122,109		150,000
			123,961		152,468
Current assets
Debtors	6,7	665,081		276,114
Cash at bank and on hand		959,338		1,764,205
		1,624,419		2,040,319
Creditors amounts falling due within one year	8	(316,415)		(410,891)
Net current assets (liabilities)			1,308,004		1,629,428
Total assets less current liabilities			1,431,965		1,781,896
Provisions for liabilities	9		(463)		(617)
Net assets			1,431,502		1,781,279
Capital and reserves
Called up share capital			10,000		10,000
Profit and loss account			1,421,502		1,771,279
Shareholders' funds			1,431,502		1,781,279

The company was entitled to exemption from audit for this reporting period 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.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 8 December 2025, and are signed on its behalf by:

Alasdair Reynolds
Director

Dr Fiona Taylor
Director

Registered Company No. SC232400

RENEWABLE ENERGY DEVELOPMENT GROUP LTD

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Intangible assets
	Intangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all intangible fixed assets as follows - 25% reducing balance.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)
	Fixtures and fittings	25

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	5		5

3.	Intangible assets

	Other	Total
	£	£
Cost or valuation
At 01 April 24	865	865
At 31 March 25	865	865
Amortisation and impairment
At 01 April 24	660	660
Charge for year	51	51
At 31 March 25	711	711
Net book value
At 31 March 25	154	154
At 31 March 24	205	205

4.	Tangible fixed assets

	Fixtures & fittings	Total
	£	£
Cost or valuation
At 01 April 24	24,867	24,867
At 31 March 25	24,867	24,867
Depreciation and impairment
At 01 April 24	22,604	22,604
Charge for year	565	565
At 31 March 25	23,169	23,169
Net book value
At 31 March 25	1,698	1,698
At 31 March 24	2,263	2,263

5.	Fixed asset investments

	Other investments¹	Total
	£	£
Cost or valuation
At 01 April 24	150,000	150,000
Revaluations	(27,891)	(27,891)
At 31 March 25	122,109	122,109
Net book value
At 31 March 25	122,109	122,109
At 31 March 24	150,000	150,000

	Notes
	¹Other investments other than loans

6.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	183,072	276,114
Amounts owed by associates and joint ventures / participating interests	46,277	-
Other debtors	99,732	-
Total	329,081	276,114


	Amounts owed by associates and joint ventures / participating interests comprise loans to Directors repayable within one year of £46,277 (2024 £0). Interest is paid on these loans at HMRC’s Official Rate of Interest relating to beneficial loan arrangements.

7.	Debtors: amounts due after one year

	2025	2024
	£	£
Amounts owed by associates and joint ventures / participating interests	336,000	-
Total	336,000	-


	Amounts owed by associates and joint ventures / participating interests comprise loans to Directors repayable after more than one year of £336,000 (2024 £0). Interest is paid on these loans at HMRC’s Official Rate of Interest relating to beneficial loan arrangements.

8.	Creditors: amounts due within one year

	2025	2024
	£	£
Taxation and social security	314,570	409,533
Accrued liabilities and deferred income	1,845	1,358
Total	316,415	410,891

9.	Provisions for liabilities

	2025	2024
	£	£
Other provisions	463	617
Total	463	617

10.	Directors advances, credits and guarantees

	Brought forward	Amount advanced	Amount repaid	Carried forward
	£	£	£	£
Dr Fiona Taylor	0	252,026	0	252,026
Emma Isokivi	0	240,238	110,000	130,238
David Taylor	0	340,000	339,986	14
	0	832,264	449,986	382,278


	Interest is paid on these loans at HMRC’s Official Rate of Interest relating to beneficial loan arrangements.