Renfin Hydro 2 Ltd

	Page
Balance Sheet	1—2
Statement of Changes in Equity	3
Notes to the Financial Statements	4—5

Registered number: 11006245

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Investments	4		2,036,587		2,036,587

			2,036,587		2,036,587
CURRENT ASSETS
Debtors	5	13,288,705		13,930,567
Cash at bank and in hand		11,874		6,249

		13,300,579		13,936,816
Creditors: Amounts Falling Due Within One Year	6	(764,379 )		(864,253 )

NET CURRENT ASSETS (LIABILITIES)			12,536,200		13,072,563

TOTAL ASSETS LESS CURRENT LIABILITIES			14,572,787		15,109,150

Creditors: Amounts Falling Due After More Than One Year	7		(13,785,488 )		(14,213,680 )

NET ASSETS			787,299		895,470

CAPITAL AND RESERVES
Called up share capital	8		100		100
Profit and Loss Account			787,199		895,370

SHAREHOLDERS' FUNDS			787,299		895,470

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Renfin Hydro 2 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 4 to 5 form part of these financial statements.

	Share Capital	Profit and Loss Account	Total
	£	£	£
As at 1 January 2023	100	(464,464 )	(464,364)
Profit for the year and total comprehensive income	-	1,359,834	1,359,834

As at 31 December 2023 and 1 January 2024	100	895,370	895,470


Loss for the year and total comprehensive income	-	(108,171 )	(108,171)

As at 31 December 2024	100	787,199	787,299

1. General Information

Renfin Hydro 2 Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11006245 . 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.

3. Average Number of Employees

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

4. Investments

	Subsidiaries
	£
Cost
As at 1 January 2024	2,036,587

As at 31 December 2024	2,036,587

Provision
As at 1 January 2024	-

As at 31 December 2024	-

Net Book Value
As at 31 December 2024	2,036,587

As at 1 January 2024	2,036,587

5. Debtors

	2024	2023
	£	£
Due after more than one year
Amounts owed by group undertakings	1,506,280	1,506,280
Amounts owed by subsidiaries	11,782,425	12,424,287

	13,288,705	13,930,567

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	(1 )	1
Bank loans and overdrafts	760,000	862,352
Accruals and deferred income	4,380	1,900

	764,379	864,253

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Renfin Hydro 2 Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

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

	2024	2023
	£	£
Bank loans	12,364,165	12,899,306
Amounts owed to group undertakings	1,114,572	1,207,623
Amounts owed to subsidiaries	306,751	106,751

	13,785,488	14,213,680

8. Share Capital

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

9. Related Party Transactions

Included within the company debtors at the year end are amounts owed to Renfin Hydro 2 Ltd from the following group companies:

Duror Hydro Ltd

Mersey Hydro Ltd

Nether Dutton Hydro Ltd

Philiphaugh Hydro Ltd

Renfin Germany GmbH

At the end of 2024 outstanding loans totalled £12,981,954 (2023: £13,930,566). Interest has been charged on these loans at an average annual rate of 2.6%.

10. Ultimate Parent Undertaking and Controlling Party

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

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