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Registered number: 08475750
Bunavoneader Hydro Limited
Financial Statements
For The Year Ended 31 December 2024
Newman Morris Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 08475750
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 598,100 650,792
Investments 5 810,000 810,000
1,408,100 1,460,792
CURRENT ASSETS
Debtors 6 447,867 425,873
Cash at bank and in hand 4,816 30,891
452,683 456,764
Creditors: Amounts Falling Due Within One Year 7 (34,204 ) (71,064 )
NET CURRENT ASSETS (LIABILITIES) 418,479 385,700
TOTAL ASSETS LESS CURRENT LIABILITIES 1,826,579 1,846,492
Creditors: Amounts Falling Due After More Than One Year 8 (237,600 ) (223,494 )
NET ASSETS 1,588,979 1,622,998
CAPITAL AND RESERVES
Called up share capital 9 1,906,700 1,906,700
Share premium account 30,034 30,034
Profit and Loss Account (347,755 ) (313,736 )
SHAREHOLDERS' FUNDS 1,588,979 1,622,998
Page 1
Page 2
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Profit and Loss Account.
On behalf of the board
Mr Jan Tosnar
Director
30/12/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Bunavoneader Hydro Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08475750 . The registered office is 273-275 Wellington House High Street, London Colney, St. Albans, AL2 1HA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
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:
Plant & Machinery Straight line over 20 years
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 January 2024 1,018,550
As at 31 December 2024 1,018,550
Depreciation
As at 1 January 2024 367,758
Provided during the period 52,692
As at 31 December 2024 420,450
Net Book Value
As at 31 December 2024 598,100
As at 1 January 2024 650,792
Page 3
Page 4
5. Investments
Subsidiaries
£
Cost
As at 1 January 2024 810,000
As at 31 December 2024 810,000
Provision
As at 1 January 2024 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 810,000
As at 1 January 2024 810,000
6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 31,436 27,910
Amounts owed by group undertakings 416,431 397,963
447,867 425,873
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 22,566 33,400
VAT 1,723 1,555
Accruals and deferred income 9,915 36,109
34,204 71,064
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Amounts owed to subsidiaries 237,600 223,494
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,906,700 1,906,700
10. Related Party Transactions
During the year a loan was provided to Bunavoneader Hydro Ltd from Gleann Dubhlinn Hydro Ltd. Interest of 8% pa is payable on this loan. At the balance sheet date the amount due by Bunavoneader Hydro Ltd was £201,590 (2023: £189,590).
Page 4