Nether Dutton Hydro Limited

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

Registered number: 10105554

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		2,803,554		2,929,720

			2,803,554		2,929,720
CURRENT ASSETS
Debtors	5	154,210		157,411
Cash at bank and in hand		14,627		82,497

		168,837		239,908
Creditors: Amounts Falling Due Within One Year	6	(192,511 )		(97,549 )

NET CURRENT ASSETS (LIABILITIES)			(23,674 )		142,359

TOTAL ASSETS LESS CURRENT LIABILITIES			2,779,880		3,072,079

Creditors: Amounts Falling Due After More Than One Year	7		(3,125,062 )		(3,387,907 )

NET LIABILITIES			(345,182 )		(315,828 )

CAPITAL AND RESERVES
Called up share capital	8		100		100
Profit and Loss Account			(345,282 )		(315,928 )

SHAREHOLDERS' FUNDS			(345,182)		(315,828)

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Nether Dutton Hydro Limited

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

Nether Dutton Hydro Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10105554 . The registered office is Wellington House, 273-275 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:

Leasehold	Straight line at 4%
Plant & Machinery	Straight line at 4%

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	Total
	£	£	£
Cost
As at 1 January 2024	18,067	3,136,095	3,154,162

As at 31 December 2024	18,067	3,136,095	3,154,162

Depreciation
As at 1 January 2024	2,168	222,274	224,442
Provided during the period	723	125,443	126,166

As at 31 December 2024	2,891	347,717	350,608

Net Book Value
As at 31 December 2024	15,176	2,788,378	2,803,554

As at 1 January 2024	15,899	2,913,821	2,929,720

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Nether Dutton Hydro Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

5. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	28,410	18,792
Prepayments and accrued income	36,050	48,869
Amounts owed by group undertakings	89,750	89,750

	154,210	157,411

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	69,269	8,663
VAT	15,126	113
Other creditors	3,500	3,500
Accruals and deferred income	33,616	84,273
Amounts owed to group undertakings	71,000	1,000

	192,511	97,549

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

	2024	2023
	£	£
Amounts owed to group undertakings	3,125,062	3,387,907

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 Renfin Hydro 2 Ltd to Nether Dutton Hydro Ltd. Interest is payable on this loan at an average rate of 2.6% p.a. At the balance sheet date the amount due to Renfin Hydro 2 Ltd was £1,347,733 (2023: £1,495,206).

During the year a loan was provided from Renfin International a.s to Nether Dutton Hydro Ltd. Interest is payable on this loan at an average rate of 7% p.a. At the balance sheet date the amount due to Renfin International a.s was £1,777,330 (2023: £1,892,700).

10. Ultimate Parent Undertaking and Controlling Party

The company's ultimate parent undertaking is Renfin International a.s . The ultimate controlling party is Renfin Hydro 2 Ltd who controls 100% of the shares of Nether Dutton Hydro Limited .

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