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Registered number: 12353314
Irwell 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: 12353314
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 6,225,087 6,357,727
6,225,087 6,357,727
CURRENT ASSETS
Debtors 5 89,094 271,858
Cash at bank and in hand 5,454 49,494
94,548 321,352
Creditors: Amounts Falling Due Within One Year 6 (877,250 ) (898,602 )
NET CURRENT ASSETS (LIABILITIES) (782,702 ) (577,250 )
TOTAL ASSETS LESS CURRENT LIABILITIES 5,442,385 5,780,477
Creditors: Amounts Falling Due After More Than One Year 7 (6,144,461 ) (6,296,701 )
NET LIABILITIES (702,076 ) (516,224 )
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account (702,077 ) (516,225 )
SHAREHOLDERS' FUNDS (702,076) (516,224)
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
Irwell Hydro Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12353314 . The registered office is Wellington House, 273-275 High Street, London Colney, 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:
Leasehold Straight line over 50 years
Plant & Machinery Straight line over 50 years
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 276,378 6,344,065 6,620,443
As at 31 December 2024 276,378 6,344,065 6,620,443
Depreciation
As at 1 January 2024 14,954 247,762 262,716
Provided during the period 5,758 126,882 132,640
As at 31 December 2024 20,712 374,644 395,356
Net Book Value
As at 31 December 2024 255,666 5,969,421 6,225,087
As at 1 January 2024 261,424 6,096,303 6,357,727
Page 3
Page 4
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 52,003 -
Prepayments and accrued income 27,091 125,062
Amounts owed by group undertakings 10,000 146,796
89,094 271,858
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 160,083 38,006
VAT 18,755 8,243
Accruals and deferred income 685,412 839,353
Amounts owed to group undertakings 13,000 13,000
877,250 898,602
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Amounts owed to group undertakings 6,144,461 6,296,701
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
9. Related Party Transactions
During the year a loan was provided to Irwell Hydro Ltd from Renfin Hydro 3 Ltd. Average interest of 5% pa is payable on this loan. At the balance sheet date the amount due to Renfin Hydro 3 Ltd was £3,092,527 (2023: £3,546,259).
Page 4