REGISTERED NUMBER: SO304055 (Scotland)

REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

LEYLODGE 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

REGISTERED OFFICE:

Muirden Farm

Turriff

Aberdeenshire

AB53 4NH

REGISTERED NUMBER:

SO304055 (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 during 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 £28,846 (2024 - £26,843 profit).

MEMBERS' INTERESTS

Members are entitled to make drawings on their share of revenue profits or capital profits up to the amount determined by the Designated Members for each period.

New members are required to subscribe a minimum level of capital as determined by the Designated Members.

ON BEHALF OF THE MEMBERS:

D A S Green - Designated member

31 December 2025

TURNOVER

166,281

158,981

Depreciation

(61,219

)

(56,117

)

Other operating expenses

(76,216

)

(76,021

)

OPERATING PROFIT and

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

28,846

26,843

FIXED ASSETS

Tangible assets

5

576,477

637,696

CURRENT ASSETS

Debtors

6

244,664

287,906

Cash at bank

17,154

18,502

261,818

306,408

CREDITORS

Amounts falling due within one year

7

(16,312

)

(19,121

)

NET CURRENT ASSETS

245,506

287,287

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

821,983

924,983

LOANS AND OTHER DEBTS DUE TO MEMBERS

-

-

MEMBERS' OTHER INTERESTS

Capital accounts

821,983

924,983

821,983

924,983

TOTAL MEMBERS' INTERESTS

Members' other interests

821,983

924,983

Amounts due from members

6

(183,654

)

(212,500

)

638,329

712,483

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

924,983

-

924,983

Profit for the financial year available for discretionary division among members

-

28,846

28,846

Members' interests after profit for the year

924,983

28,846

953,829

Other divisions of profit

-

(28,846

)

(28,846

)

Repayments of capital

(103,000

)

-

(103,000

)

Balance at 31 March 2025

821,983

-

821,983

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

-

Amount due from members

(212,500

)

Balance at 1 April 2024

(212,500

)

712,483

Profit for the financial year available for discretionary division among members

-

28,846

Members' interests after profit for the year

(212,500

)

741,329

Other divisions of profit

28,846

-

Repayments of capital

-

(103,000

)

Amount due to members

-

Amount due from members

(183,654

)

Balance at 31 March 2025

(183,654

)

638,329

EQUITY

Members' other interests

Members'

capital

(classified

as

Other

equity)

reserves

Total

£

£

£

Balance at 1 May 2023

1,014,983

-

1,014,983

Profit for the financial year available for discretionary division among members

-

26,843

26,843

Members' interests after profit for the year

1,014,983

26,843

1,041,826

Other divisions of profit

-

(26,843

)

(26,843

)

Repayments of capital

(90,000

)

-

(90,000

)

Balance at 31 March 2024

924,983

-

924,983

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

-

Amount due from members

(239,343

)

Balance at 1 May 2023

(239,343

)

775,640

Profit for the financial year available for discretionary division among members

-

26,843

Members' interests after profit for the year

(239,343

)

802,483

Other divisions of profit

26,843

-

Repayments of capital

-

(90,000

)

Amount due to members

-

Amount due from members

(212,500

)

Balance at 31 March 2024

(212,500

)

712,483

1.	STATUTORY INFORMATION

Leylodge Renewables LLP is registered in Scotland, registration number SO304055. 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 later in these notes.

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 company 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.

Cash and cash equivalents

Cash and cash equivalents comprise cash balances.

Creditors

Short term trade creditors are measured at the transaction price.

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

61,219

56,117

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

1,224,377

DEPRECIATION

At 1 April 2024

586,681

Charge for year

61,219

At 31 March 2025

647,900

NET BOOK VALUE

At 31 March 2025

576,477

At 31 March 2024

637,696

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

37,850

46,097

Other debtors

206,814

241,809

244,664

287,906

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

8,617

-

Taxation and social security

-

2,168

Other creditors

7,695

16,953

16,312

19,121