Rottal Hydro Limited

	Page
Statement of Financial Position	1—2
Notes to the Financial Statements	3—6

1. General Information

Rottal Hydro Limited is a private company, limited by shares, incorporated in Scotland, registered number SC335669 . The registered office is The Estate Office, Rottal Lodge, Glen Clova, Kirriemuir, Angus, DD8 4QT.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 Section 1A smaller entities 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' ('FRS 102') and the Companies Act 2006.

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable services rendered, stated net of discounts and of Value Added Tax. When the consideration receivable in cash or cash equivalents is deferred, and the arrangement constitutes in effect a financing transaction, the fair value of the consideration is measured as the present value of all future receipts determined using an imputed rate of interest, normally the rate that discounts the nominal amount of consideration to the cash sales price.

The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity and when specific criteria have been met for the company's activity of selling hydro generated power.

2.4. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are Peatland Carbon Units (PCUs). It is amortised to the income statement over its estimated economic life of 10 years.

2.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. 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:

Plant & Machinery	2-5% straight line
Motor Vehicles	25% straight line

2.6. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the income statement so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the income statement as incurred.

2.7. Taxation

The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the statement of financial position date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the statement of financial position date.

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Rottal Hydro Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.8.

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors

Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Taxation

A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.

Current and deferred tax assets and liabilities are not discounted.

3. Average Number of Employees

Average number of employees, including directors, during the year was:

	2025	2024
Office and administration	1	1

	1	1

4. Intangible Assets

	Other
	£
Cost
As at 1 April 2024	-
Additions	100,000

As at 31 March 2025	100,000

Amortisation
As at 1 April 2024	-
Provided during the period	10,000

As at 31 March 2025	10,000

Net Book Value
As at 31 March 2025	90,000

As at 1 April 2024	-

5. Tangible Assets

	Plant & Machinery	Motor Vehicles	Total
	£	£	£
Cost
As at 1 April 2024	1,219,556	-	1,219,556
Additions	-	26,600	26,600

As at 31 March 2025	1,219,556	26,600	1,246,156

...CONTINUED

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Rottal Hydro Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

Depreciation
As at 1 April 2024	640,678	-	640,678
Provided during the period	39,390	6,650	46,040

As at 31 March 2025	680,068	6,650	686,718

Net Book Value
As at 31 March 2025	539,488	19,950	559,438

As at 1 April 2024	578,878	-	578,878

6. Debtors

	2025	2024
	£	£
Due within one year
Prepayments and accrued income	60,764	78,625
Directors' loan accounts	96,388	174,238

	157,152	252,863

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	4,188	-
Trade creditors	6,812	23,532
Bank loans and overdrafts	3,333	5,872
Corporation tax	31,619	-
VAT	11,295	10,407
Net wages	-	1,350
Other creditors	197,905	211,485
Accruals and deferred income	16,022	4,705

	271,174	257,351

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

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	10,469	-

9. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	4,188	-
Less: Finance charges allocated to future periods	(10,469 )	-

	14,657	-

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	210,000	210,000

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Rottal Hydro Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

11. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 April 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 March 2025
	£	£	£	£	£
Mr Dee Ward	174,238	-	77,850	-	96,388

The above loan is unsecured, interest free and repayable on demand.

Dividends paid to directors

	2025	2024
	£	£
Mr Dee Ward	29,500	29,500

12. Dividends

	2025	2024
	£	£
On equity shares:
Interim dividend paid	29,500	29,500

13. Related Party Transactions

Rottal Estates

An entity in which the director is a partner.

The company rents the hydo site from Rottal Estates Partnership. The rental and turbine service charges in the year were £70,000 (2024: £50,600) and management charges of £30,000 (2024: £25,000). The balances relating to theses charges are included in other creditors. At the balance sheet date, the company owed Rottal Estates £32,820 (2024: £61,600). The balances are reported in other creditors.

3D Estates Limited

A company in which the director has the controlling interest.

The company owed 3D Estates Limited £165,085,885 (2024: £149,885). The company paid interest of £15,200 (2024: Nil) to 3D Estates Limited.

14. Ultimate Controlling Party

The company's ultimate controlling party is Mr Dee Ward by virtue of his ownership of 100% of the issued share capital in the company.

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		90,000		-
Tangible Assets	5		559,438		578,878

			649,438		578,878
CURRENT ASSETS
Debtors	6	157,152		252,863
Cash at bank and in hand		120,584		-

		277,736		252,863
Creditors: Amounts Falling Due Within One Year	7	(271,174 )		(257,351 )

NET CURRENT ASSETS (LIABILITIES)			6,562		(4,488 )

TOTAL ASSETS LESS CURRENT LIABILITIES			656,000		574,390

Creditors: Amounts Falling Due After More Than One Year	8		(10,469 )		-

PROVISIONS FOR LIABILITIES
Deferred Taxation			(101,177 )		(73,800 )

NET ASSETS			544,354		500,590

CAPITAL AND RESERVES
Called up share capital	10		210,000		210,000
Income Statement			334,354		290,590

SHAREHOLDERS' FUNDS			544,354		500,590