REGISTERED NUMBER: SC383960 (Scotland)

Financial Statements for the Year Ended 31 August 2025

for

Caithness Renewables Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Ms L Smith-Dasar

REGISTERED OFFICE:

43 John Kennedy Drive

Thurso

Caithness

KW14 7DZ

REGISTERED NUMBER:

SC383960 (Scotland)

ACCOUNTANTS:

Reid & Fraser

Chartered Accountants

15 Princes Street

Thurso

Caithness

KW14 7BQ

FIXED ASSETS

Tangible assets

4

11,746

13,726

CURRENT ASSETS

Debtors

5

1,323

18

Cash at bank

385

2,015

1,708

2,033

CREDITORS

Amounts falling due within one year

6

(17,282

)

(15,543

)

NET CURRENT LIABILITIES

(15,574

)

(13,510

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(3,828

)

216

CREDITORS

Amounts falling due after more than one year

7

-

(392

)

ACCRUALS AND DEFERRED INCOME

(2,668

)

(3,106

)

NET LIABILITIES

(6,496

)

(3,282

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(6,596

)

(3,382

)

SHAREHOLDERS' FUNDS

(6,496

)

(3,282

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company 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 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 May 2026 and were signed by:

Ms L Smith-Dasar - Director

1.	STATUTORY INFORMATION

Caithness Renewables Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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 Companies Act 2006. The financial statements have been prepared under the historical cost convention.

TURNOVER

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Tenants Property Improvements

-

5% straight line

Plant and machinery etc

-

15% reducing balance

TAXATION

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

DEFERRED TAX

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

HIRE PURCHASE AND LEASING COMMITMENTS

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

GOVERNMENT GRANTS

Government grants in respect of capital expenditure are credited to a deferred income account and are released to profit over the expected useful lives of the relevant assets by annual instalments.

Grants of a revenue nature are credited to income so as to match them with the expenditure to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Tenants

Plant and

Property

machinery

Improvements

etc

Totals

£

£

£

COST

At 1 September 2024

and 31 August 2025

30,807

12,597

43,404

DEPRECIATION

At 1 September 2024

19,915

9,763

29,678

Charge for year

1,543

437

1,980

At 31 August 2025

21,458

10,200

31,658

NET BOOK VALUE

At 31 August 2025

9,349

2,397

11,746

At 31 August 2024

10,892

2,834

13,726

Fixed assets, included in the above, which are held under finance leases are as follows:

Plant and

machinery

etc

£

COST

At 1 September 2024

and 31 August 2025

1,962

DEPRECIATION

At 1 September 2024

544

Charge for year

181

At 31 August 2025

725

NET BOOK VALUE

At 31 August 2025

1,237

At 31 August 2024

1,418

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,305

-

Other debtors

18

18

1,323

18

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Finance leases

392

392

Trade creditors

1,135

1,083

Taxation and social security

144

46

Other creditors

15,611

14,022

17,282

15,543

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Finance leases

-

392

8.	GOING CONCERN

The director is aware that the company is technically insolvent, but believes the company will continue to trade as a going concern with continued personal financial support.