BACARD RENEWABLE INVESTMENTS LIMITED


Directors	MCINTYRE, Neil Stuart
	SCOWCROFT, Brian Kenneth


Registered Address	The Marketing Suite Baron Way
	Kingmoor Business Park
	Carlisle
	CA6 4SJ


Registered Number	14420034 (England and Wales)

Statement of Financial Position
31 August 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		3,325,167		3,467,167
			3,325,167		3,467,167
Current assets
Debtors	4	4,094,899		4,094,201
Cash at bank and on hand		3,902		734
		4,098,801		4,094,935
Creditors amounts falling due within one year	5	(584,579)		(439,837)
Net current assets (liabilities)			3,514,222		3,655,098
Total assets less current liabilities			6,839,389		7,122,265
Creditors amounts falling due after one year	6		(7,011,807)		(7,150,000)
Provisions for liabilities	7		(90,041)		(78,228)
Net assets			(262,459)		(105,963)
Capital and reserves
Called up share capital			200		200
Profit and loss account			(262,659)		(106,163)
Shareholders' funds			(262,459)		(105,963)

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 30 April 2026, and are signed on its behalf by:

MCINTYRE, Neil Stuart
Director
Registered Company No. 14420034

BACARD RENEWABLE INVESTMENTS LIMITED

Notes to the Financial Statements
for the year ended 31 August 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Basis of preparation
	The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

	Turnover policy
	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/or the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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 policy

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/or the rendering of services.

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 

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.

	Finance costs
	Finance costs charged to the profit or loss include interest expense calculated using the effective interest method, finance charges on finance leases, and exchange differences on foreign currency borrowings where these are treated as an adjustment to interest costs.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. 

The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement

Depreciation is provided on all tangible fixed assets as follows:


		Straight line (years)
	Plant and machinery	25

	Trade and other debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Trade and other debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Trade and other creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Financial instruments
	The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	2		2

3.	Tangible fixed assets

	Plant & machinery	Total
	£	£
Cost or valuation
At 01 September 24	3,550,000	3,550,000
At 31 August 25	3,550,000	3,550,000
Depreciation and impairment
At 01 September 24	82,833	82,833
Charge for year	142,000	142,000
At 31 August 25	224,833	224,833
Net book value
At 31 August 25	3,325,167	3,325,167
At 31 August 24	3,467,167	3,467,167

4.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	814,761	489,854
Other debtors	3,221,509	3,600,200
Prepayments and accrued income	58,629	4,147
Total	4,094,899	4,094,201

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	10,858	4,637
Taxation and social security	44,412	41,260
Other creditors	264,497	284,442
Accrued liabilities and deferred income	264,812	109,498
Total	584,579	439,837

6.	Creditors: amounts due after one year

	2025	2024
	£	£
Other creditors	7,011,807	7,150,000
Total	7,011,807	7,150,000


	Other creditors include £3,433,335 (2024 - £3,600,000) of preference share capital treated as debt. Dividends payable on preference shares treated as debt are recognised as an expense within interest payable.

7.	Provisions for liabilities
	The provision for deferred tax is in respect of accelerated capital allowances.

	2025	2024
	£	£
Net deferred tax liability (asset)	90,041	78,228
Total	90,041	78,228