Elan Hydro Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 10033700

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		378,968		378,968

			378,968		378,968
CURRENT ASSETS
Debtors	5	100		100
Cash at bank and in hand		6,335		6,335

		6,435		6,435
Creditors: Amounts Falling Due Within One Year	6	(12,871 )		(11,971 )

NET CURRENT ASSETS (LIABILITIES)			(6,436 )		(5,536 )

TOTAL ASSETS LESS CURRENT LIABILITIES			372,532		373,432

Creditors: Amounts Falling Due After More Than One Year	7		(691,433 )		(655,775 )

NET LIABILITIES			(318,901 )		(282,343 )

CAPITAL AND RESERVES
Called up share capital	8		100		100
Profit and Loss Account			(319,001 )		(282,443 )

SHAREHOLDERS' FUNDS			(318,901)		(282,343)

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Elan Hydro Ltd

Balance Sheet (continued)

As At 31 December 2024

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.

1. General Information

Elan Hydro Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10033700 . The registered office is Wellington House 273-275 High Street, London Colney, St Albans, Hertfordshire, 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. 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:

Leasehold	Stright line over useful life
Plant & Machinery	Stright line over useful life
Computer Equipment	33% of cost

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2023: NIL)

4. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 January 2024	45,168	333,800	233	379,201

As at 31 December 2024	45,168	333,800	233	379,201

Depreciation
As at 1 January 2024	-	-	233	233

As at 31 December 2024	-	-	233	233

Net Book Value
As at 31 December 2024	45,168	333,800	-	378,968

As at 1 January 2024	45,168	333,800	-	378,968

5. Debtors

	2024	2023
	£	£
Due within one year
Other debtors	100	100

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Elan Hydro Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	1	-
VAT	970	971
Accruals and deferred income	1,900	1,000
Amounts owed to group undertakings	10,000	10,000

	12,871	11,971

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

	2024	2023
	£	£
Amounts owed to group undertakings	691,433	655,775

8. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	100	100

9. Related Party Transactions

During the year a loan was provided from Cree Hydro Ltd to Elan Hydro Ltd. Interest is payable on the loan at a rate of 7% pa. At the balance sheet date the amount due to Cree Hydro Ltd was £109,720 (£2023: £104,470).

During the year a loan was provided from H2O Power Generation Ltd to Elan Hydro Ltd. Interest is payable on the loan at a rate of 7% pa. At the balance sheet date the amount due to H2O Power Generation Ltd was £80,844 (£2023: £76,644).

During the year a loan was provided from Renfin International a.s to Elan Hydro Ltd. Interest is payable on the loan at a rate of 7% pa. At the balance sheet date the amount due to Renfin International a.s was £500,868 (£2023: £474,660).

10. Ultimate Controlling Party

The company's ultimate controlling party is Renfin International a.s by virtue of his ownership of 100% of the issued share capital in the company.

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