REGISTERED NUMBER: 09667760 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Milford Mills Hydro Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Jonathan Needle

Mrs J M Needle

REGISTERED OFFICE:

Fern Lodge

117 Hazelwood Road

Duffield

Belper

Derbyshire

DE56 4AA

REGISTERED NUMBER:

09667760 (England and Wales)

ACCOUNTANTS:

Bates Weston LLP

Chartered Accountants

The Mills

Canal Street

Derby

DE1 2RJ

FIXED ASSETS

Tangible assets

4

601,315

641,790

CURRENT ASSETS

Stocks

400

400

Debtors

5

74,922

94,136

Cash at bank

152,683

145,592

228,005

240,128

CREDITORS

Amounts falling due within one year

6

179,047

275,364

NET CURRENT ASSETS/(LIABILITIES)

48,958

(35,236

)

TOTAL ASSETS LESS CURRENT LIABILITIES

650,273

606,554

PROVISIONS FOR LIABILITIES

100,135

109,058

NET ASSETS

550,138

497,496

CAPITAL AND RESERVES

Called up share capital

366

366

Retained earnings

7

549,772

497,130

SHAREHOLDERS' FUNDS

550,138

497,496

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 December 2025 and were signed on its behalf by:

Jonathan Needle - Director

1.	STATUTORY INFORMATION

Milford Mills Hydro 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 represents net invoiced sales, excluding value added tax. Turnover is accounted for in the period in which the electricity is generated.

Tangible fixed assets

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

Building and intake structures

-

2% on cost

Plant and machinery

-

5% on cost

Motor vehicles

-

25% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all material timing differences.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Building

and

intake

Plant and

Motor

structures

machinery

vehicles

Totals

£

£

£

£

COST

At 1 April 2024

239,072

492,800

55,828

787,700

Additions

-

3,003

-

3,003

At 31 March 2025

239,072

495,803

55,828

790,703

DEPRECIATION

At 1 April 2024

33,514

112,396

-

145,910

Charge for year

4,781

24,740

13,957

43,478

At 31 March 2025

38,295

137,136

13,957

189,388

NET BOOK VALUE

At 31 March 2025

200,777

358,667

41,871

601,315

At 31 March 2024

205,558

380,404

55,828

641,790

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

70,769

90,839

Other debtors

4,153

3,297

74,922

94,136

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

16,559

3,828

Tax

51,555

67,422

Social security and other taxes

6,810

14,692

Owed to related parties

95,113

183,750

Accrued expenses

9,010

5,672

179,047

275,364

7.

RESERVES

Retained

earnings

£

At 1 April 2024

497,130

Profit for the year

125,842

Dividends

(73,200

)

At 31 March 2025

549,772