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Registered number: 10007626
Gleann Dubhlinn 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: 10007626
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 434,706 471,844
434,706 471,844
CURRENT ASSETS
Debtors 5 478,501 415,041
Cash at bank and in hand 5,603 16,376
484,104 431,417
Creditors: Amounts Falling Due Within One Year 6 (54,025 ) (66,807 )
NET CURRENT ASSETS (LIABILITIES) 430,079 364,610
TOTAL ASSETS LESS CURRENT LIABILITIES 864,785 836,454
Creditors: Amounts Falling Due After More Than One Year 7 (33,003 ) (30,903 )
NET ASSETS 831,782 805,551
CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Share premium account 809,100 809,100
Profit and Loss Account 21,682 (4,549 )
SHAREHOLDERS' FUNDS 831,782 805,551
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
Gleann Dubhlinn Hydro Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10007626 . 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 710,149
As at 31 December 2024 710,149
Depreciation
As at 1 January 2024 238,305
Provided during the period 37,138
As at 31 December 2024 275,443
Net Book Value
As at 31 December 2024 434,706
As at 1 January 2024 471,844
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Page 4
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 40,675 35,220
Other debtors 100 100
VAT - 1,033
40,775 36,353
Due after more than one year
Amounts owed by group undertakings 437,726 378,688
478,501 415,041
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 34,756 25,502
VAT 1,962 -
Accruals and deferred income 17,307 41,305
54,025 66,807
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Amounts owed to group undertakings 33,003 30,903
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
9. 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 to Gleann Dubhlinn Hydro Ltd was £201,590 (2023: £189,590).
Page 4