REGISTERED NUMBER: 08791004 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

MGG Renewables Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr R I Gray

Mr D E Gray

Mr R W Martin

REGISTERED OFFICE:

Orton Grange Farm

Orton Grange

Great Orton

Carlisle

Cumbria

CA5 6LA

REGISTERED NUMBER:

08791004 (England and Wales)

ACCOUNTANTS:

Benson Accountants

Wiza House

Station Road

Wigton

Cumbria

CA7 9BA

FIXED ASSETS

Tangible assets

4

-

63,741

CURRENT ASSETS

Debtors

5

85,059

85,089

Cash at bank

38,916

89,809

123,975

174,898

CREDITORS

Amounts falling due within one year

6

111,853

178,472

NET CURRENT ASSETS/(LIABILITIES)

12,122

(3,574

)

TOTAL ASSETS LESS CURRENT LIABILITIES

12,122

60,167

CAPITAL AND RESERVES

Called up share capital

24

24

Retained earnings

12,098

60,143

SHAREHOLDERS' FUNDS

12,122

60,167

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 September 2025 and were signed on its behalf by:

Mr D E Gray - Director

Mr R I Gray - Director

Mr R W Martin - Director

1.	STATUTORY INFORMATION

MGG Renewables Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Other fixed assets

-

10% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Other

fixed

assets

£

COST

At 1 April 2024

and 31 March 2025

1,095,711

DEPRECIATION

At 1 April 2024

1,031,970

Charge for year

63,741

At 31 March 2025

1,095,711

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

63,741

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Trade debtors

-

11,174

Other debtors

85,059

73,915

85,059

85,089

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Taxation and social security

85,567

152,186

Other creditors

26,286

26,286

111,853

178,472

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31/3/25

31/3/24

£

£

Within one year

19,257

19,694

Between one and five years

57,772

78,777

77,029

98,471

The company has a further operating lease for rent on land. The rent is calculated annually per the terms of the agreement and is for a period of 50 years. The lease commenced in December 2013. The annual commitment has been estimated by the directors at £30,000.