Company Registration number: SC463193

Tinwald Power Limited

Contents

Pages

Balance sheet	1 to 2
Notes to the financial statements	3 to 7

Tinwald Power Limited

Balance Sheet as at 5 April 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	330,299	406,005
Current assets
Debtors	5	52,536	590,777
Creditors: Amounts falling due within one year	6	(1,115,924)	(1,797,730)
Net current liabilities		(1,063,388)	(1,206,953)
Total assets less current liabilities		(733,089)	(800,948)
Creditors: Amounts falling due after more than one year	6	(79,988)	(141,977)
Net liabilities		(813,077)	(942,925)
Capital and reserves
Called up share capital		100	100
Retained earnings		(813,177)	(943,025)
Shareholders' deficit		(813,077)	(942,925)

Tinwald Power Limited

Balance Sheet as at 5 April 2025 (continued)

For the financial year ending 5 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Company registration number: SC463193

Approved and authorised by the director on 20 August 2025
 

......................................... Mr J C Cunningham-Jardine Director

Tinwald Power Limited

Notes to the financial statements for the Year Ended 5 April 2025

1	GENERAL INFORMATION

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
51 Newall Terrace
Dumfries
DG1 1LN

These financial statements were authorised for issue by the director on 20 August 2025.

2	ACCOUNTING POLICIES

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest £.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Actual results may differ from these estimates.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tinwald Power Limited

Notes to the financial statements for the Year Ended 5 April 2025 (continued)

2	ACCOUNTING POLICIES (continued)

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	20% reducing balance
Office equipment	25% reducing balance

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Tinwald Power Limited

Notes to the financial statements for the Year Ended 5 April 2025 (continued)

2	ACCOUNTING POLICIES (continued)

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Classification
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
 Recognition and measurement
Basic financial instruments are initially recognised at the transaction price.
 Impairment
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

3	STAFF NUMBERS

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 0).

Tinwald Power Limited

Notes to the financial statements for the Year Ended 5 April 2025 (continued)

4	TANGIBLE ASSETS

	Office equipment  £	Plant and machinery £	Total £
Cost or valuation
At 6 April 2024	-	604,780	604,780
Additions	3,486	2,950	6,436
At 5 April 2025	3,486	607,730	611,216
Depreciation
At 6 April 2024	-	198,775	198,775
Charge for the year	745	81,397	82,142
At 5 April 2025	745	280,172	280,917
Carrying amount
At 5 April 2025	2,741	327,558	330,299
At 5 April 2024	-	406,005	406,005

Tinwald Power Limited

Notes to the financial statements for the Year Ended 5 April 2025 (continued)

5

DEBTORS

	2025 £	2024 £
Trade debtors	26,490	457,365
Other debtors	26,046	133,412
	52,536	590,777

6

CREDITORS

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Loans and borrowings	126,354	158,669
Trade creditors	254,419	822,309
Accruals and deferred income	2,500	2,200
Other creditors	732,651	814,552
	1,115,924	1,797,730

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £115,913 (2024 - £148,670).

Creditors: amounts falling due after more than one year

	2025 £	2024 £
Due after one year
Loans and borrowings	79,988	141,977

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £77,335 (2024 - £128,701).