Acorah Software Products - Accounts Production 16.8.200 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 SC398239 Mr Jan Tosnar Renfin Hydro 2 Ltd true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC398239 2023-12-31 SC398239 2024-12-31 SC398239 2024-01-01 2024-12-31 SC398239 frs-core:CurrentFinancialInstruments 2024-12-31 SC398239 frs-core:PlantMachinery 2024-12-31 SC398239 frs-core:PlantMachinery 2024-01-01 2024-12-31 SC398239 frs-core:PlantMachinery 2023-12-31 SC398239 frs-core:SharePremium 2024-12-31 SC398239 frs-core:ShareCapital 2024-12-31 SC398239 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 SC398239 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 SC398239 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 SC398239 frs-bus:SmallEntities 2024-01-01 2024-12-31 SC398239 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 SC398239 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 SC398239 1 2024-01-01 2024-12-31 SC398239 frs-bus:Director1 2024-01-01 2024-12-31 SC398239 frs-countries:Scotland 2024-01-01 2024-12-31 SC398239 2022-12-31 SC398239 2023-12-31 SC398239 2023-01-01 2023-12-31 SC398239 frs-core:CurrentFinancialInstruments 2023-12-31 SC398239 frs-core:SharePremium 2023-12-31 SC398239 frs-core:ShareCapital 2023-12-31 SC398239 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: SC398239
Philiphaugh Hydro Limited
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: SC398239
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 428,823 472,491
428,823 472,491
CURRENT ASSETS
Debtors 5 544,438 416,858
Cash at bank and in hand 64,199 71,319
608,637 488,177
Creditors: Amounts Falling Due Within One Year 6 (98,557 ) (178,516 )
NET CURRENT ASSETS (LIABILITIES) 510,080 309,661
TOTAL ASSETS LESS CURRENT LIABILITIES 938,903 782,152
NET ASSETS 938,903 782,152
CAPITAL AND RESERVES
Called up share capital 7 200 200
Share premium account 49,800 49,800
Profit and Loss Account 888,903 732,152
SHAREHOLDERS' FUNDS 938,903 782,152
Page 1
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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
Philiphaugh Hydro Limited is a private company, limited by shares, incorporated in Scotland, registered number SC398239 . The registered office is Philiphaugh Estate Office, Philiphaugh, Selkirk, TD7 5LX.
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 5%
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 840,883
As at 31 December 2024 840,883
Depreciation
As at 1 January 2024 368,392
Provided during the period 43,668
As at 31 December 2024 412,060
Net Book Value
As at 31 December 2024 428,823
As at 1 January 2024 472,491
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5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 69,004 91,298
VAT - 1,609
Amounts owed by group undertakings 168,683 87,200
237,687 180,107
Due after more than one year
Amounts owed by group undertakings 306,751 236,751
544,438 416,858
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 10,040 68,590
VAT 2,568 -
Accruals and deferred income 36,949 60,926
Amounts owed to group undertakings 49,000 49,000
98,557 178,516
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 200 200
8. Ultimate Parent Undertaking and Controlling Party
The company's ultimate parent undertaking is Renfin International a.s . The controlling party is Renfin Hydro 2 Ltd who controls 100% of the shares of Philiphaugh Hydro Limited .
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