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Registered number: 11006277
Duror Hydro Ltd
Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11006277
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,369,690 1,433,142
1,369,690 1,433,142
CURRENT ASSETS
Debtors 5 161,405 117,819
Cash at bank and in hand 11,277 5,979
172,682 123,798
Creditors: Amounts Falling Due Within One Year 6 (93,716 ) (44,553 )
NET CURRENT ASSETS (LIABILITIES) 78,966 79,245
TOTAL ASSETS LESS CURRENT LIABILITIES 1,448,656 1,512,387
Creditors: Amounts Falling Due After More Than One Year 7 (1,627,496 ) (1,773,107 )
NET LIABILITIES (178,840 ) (260,720 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (178,940 ) (260,820 )
SHAREHOLDERS' FUNDS (178,840) (260,720)
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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.
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Notes to the Financial Statements
1. General Information
Duror Hydro Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11006277 . 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. 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 at 4%
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 1,586,300
As at 31 December 2024 1,586,300
Depreciation
As at 1 January 2024 153,158
Provided during the period 63,452
As at 31 December 2024 216,610
Net Book Value
As at 31 December 2024 1,369,690
As at 1 January 2024 1,433,142
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5. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 6,775
Prepayments and accrued income 86,358 34,256
VAT 25,047 26,788
111,405 67,819
Due after more than one year
Other debtors 50,000 50,000
161,405 117,819
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 39,984 (25,055 )
Accruals and deferred income 17,732 33,608
Amounts owed to group undertakings 36,000 36,000
93,716 44,553
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Amounts owed to group undertakings 573,258 657,446
Amounts owed to parent undertaking 1,054,238 1,115,661
1,627,496 1,773,107
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 Duror 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 £1054,238 (2023: £1,115,661).
During the year a loan was provided from Renfin International a.s to Duror 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 £573,258 (2023: £657,446).
10. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is Renfin International a.s . The ultimate controlling party is Renfin Hydro 2 Ltd who controls 100% of the shares of Duror Hydro Ltd .
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