REGISTERED NUMBER: SO304053 (Scotland)

REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

MAINS OF AUCHREDDIE RENEWABLES LLP

Page

General Information

1

Report of the Members

2

Income Statement

3

Statement of Financial Position

4

Reconciliation of Members' Interests

6

Notes to the Financial Statements

8

DESIGNATED MEMBERS:

A J Duncan

A W J Fowlie

D A S Green

The Firm Of Auchreddie Farms

REGISTERED OFFICE:

Muirden Farm

Turriff

Aberdeenshire

AB53 4NH

REGISTERED NUMBER:

SO304053 (Scotland)

ACCOUNTANTS:

Thomas Barrie & Co LLP

Atlantic House

1a Cadogan Street

Glasgow

G2 6QE

The members present their report with the financial statements of the LLP for the year ended 31 March 2025.

DESIGNATED MEMBERS

The designated members in the year under review were:

A J Duncan

A W J Fowlie

D A S Green

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The profit for the year before members' remuneration and profit shares was £62,272 (2024 - £52,082 profit).

MEMBERS' INTERESTS

Income profits and capital profits from the activities of the LLP are allocated amongst the members in their Agreed Proportions and shall be allocated to their current accounts when the accounts for each period are signed by the Designated Members. Each member shall be paid their share of profits when the members determine once the LLP has serviced its borrowings and has sufficient reserves to meet current and anticipated cash flow requirements.

ON BEHALF OF THE MEMBERS:

D A S Green - Designated member

31 December 2025

TURNOVER

202,314

194,089

Depreciation

(57,817

)

(52,999

)

Other operating expenses

(77,982

)

(83,287

)

OPERATING PROFIT

4

66,515

57,803

Interest payable and similar expenses

(4,243

)

(5,721

)

PROFIT FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS

62,272

52,082

FIXED ASSETS

Tangible assets

5

539,630

597,447

CURRENT ASSETS

Debtors

6

68,315

83,460

Cash at bank

17,475

16,361

85,790

99,821

CREDITORS

Amounts falling due within one year

7

(113,946

)

(118,676

)

NET CURRENT LIABILITIES

(28,156

)

(18,855

)

TOTAL ASSETS LESS CURRENT LIABILITIES

511,474

578,592

CREDITORS

Amounts falling due after more than one year

8

(53,021

)

(147,411

)

NET ASSETS ATTRIBUTABLE TO MEMBERS

458,453

431,181

LOANS AND OTHER DEBTS DUE TO MEMBERS

9

175,341

113,069

MEMBERS' OTHER INTERESTS

Capital accounts

283,112

318,112

458,453

431,181

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

9

175,341

113,069

Members' other interests

283,112

318,112

458,453

431,181

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 March 2025.

The members acknowledge their responsibilities for:

(a)	ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the LLP as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

The financial statements have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 31 December 2025 and were signed by:

D A S Green - Designated member

EQUITY

Members' other interests

Members'

capital

(classified

as

Other

equity)

reserves

Total

£

£

£

Balance at 1 April 2024

318,112

-

318,112

Profit for the financial year available for discretionary division among members

-

62,272

62,272

Members' interests after profit for the year

318,112

62,272

380,384

Other divisions of profit

-

(62,272

)

(62,272

)

Repayments of capital

(35,000

)

-

(35,000

)

Balance at 31 March 2025

283,112

-

283,112

DEBT

TOTAL

Loans and other debts due to

MEMBERS'

members less any amounts due

INTERESTS

from members in debtors

Other

amounts

Total

£

£

Amount due to members

113,069

Amount due from members

-

Balance at 1 April 2024

113,069

431,181

Profit for the financial year available for discretionary division among members

-

62,272

Members' interests after profit for the year

113,069

493,453

Other divisions of profit

62,272

-

Repayments of capital

-

(35,000

)

Amount due to members

175,341

Amount due from members

-

Balance at 31 March 2025

175,341

458,453

EQUITY

Members' other interests

Members'

capital

(classified

as

Other

equity)

reserves

Total

£

£

£

Balance at 1 May 2023

368,112

-

368,112

Profit for the financial year available for discretionary division among members

-

52,082

52,082

Members' interests after profit for the year

368,112

52,082

420,194

Other divisions of profit

-

(52,082

)

(52,082

)

Repayments of capital

(50,000

)

-

(50,000

)

Balance at 31 March 2024

318,112

-

318,112

DEBT

TOTAL

Loans and other debts due to

MEMBERS'

members less any amounts due

INTERESTS

from members in debtors

Other

amounts

Total

£

£

Amount due to members

72,077

Amount due from members

(11,090

)

Balance at 1 May 2023

60,987

429,099

Profit for the financial year available for discretionary division among members

-

52,082

Members' interests after profit for the year

60,987

481,181

Other divisions of profit

52,082

-

Repayments of capital

-

(50,000

)

Amount due to members

113,069

Amount due from members

-

Balance at 31 March 2024

113,069

431,181

1.	STATUTORY INFORMATION

Mains Of Auchreddie Renewables Llp is registered in Scotland, registration number SO304053. The registered office is Muirden Farm, Turriff, Aberdeenshire, AB53 4NH.

The principal activity of the LLP is renewable energy.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

The presentational and functional currency of the financial statements is Pounds Sterling (£).

Significant judgements and estimates

In preparing these financial statements, the members are required to make judgements, estimates and assumptions that affect the application of the LLP's accounting policies and the reported amounts of assets, liabilities, income and expenses. Actual results may differ from these estimates. Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to estimates are recognised prospectively.

The following judgements and estimates have had the most significant effects on amounts recognised in the financial statements:

Plant and equipment

The estimates and assumptions made to determine asset lives require judgements to be made as regards useful lives and residual values. The useful lives and residual values of the LLP's financial assets are determined by management at the time the asset is acquired and reviewed annually for appropriateness. The lives are based on management experience with similar assets. The depreciation rates applied are outlined below.

Turnover

Turnover is measured at the fair value of consideration received or receivable, taking into account the amount of any discounts and rebates allowed by the entity, but excluding value added tax and other sales taxes.

Production of electricity

Income is recognised in the period in which the electricity has been generated.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery etc

-

5% on cost

The carrying values of tangible fixed assets are reviewed for impairment if events or changes in circumstances indicate the carrying values may not be reasonable.

Financial instruments

The LLP has financial assets and financial liabilities of a kind that qualify as basic financial instruments.

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents

Cash and cash equivalents comprise cash balances.

Creditors

Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Provisions

Provisions are determined by discounting the expected future cash flows at a pre-tax rate that reflects current market assessments of the time value of money and the risks specific to the liability. The unwinding of the discount is recognised as finance cost.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2024 - NIL).

4.	OPERATING PROFIT

The operating profit is stated after charging:

Period

1.5.23

Year Ended

to

31.3.25

31.3.24

£

£

Depreciation - owned assets

57,817

52,999

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

1,156,349

DEPRECIATION

At 1 April 2024

558,902

Charge for year

57,817

At 31 March 2025

616,719

NET BOOK VALUE

At 31 March 2025

539,630

At 31 March 2024

597,447

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

-

7,494

Other debtors

68,315

75,966

68,315

83,460

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

10,640

759

Taxation and social security

-

2,274

Other creditors

103,306

115,643

113,946

118,676

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other creditors

53,021

147,411

9.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a winding up. There is no provision for specific legally enforceable protection afforded to creditors in such an event. There are no restrictions or limitations on the ability of the members to reduce the amount of 'Members' other interests.

10.	RELATED PARTY DISCLOSURES

Rent to the value of £26,667 (2024: £23,055) was paid to LLP member, The Firm of Auchreddie Farms, during the year.