REGISTERED NUMBER: SO303757 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

FOR

FORMARTINE RENEWABLE ENERGY LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Cardinghill Renewables Limited

Formartine Partnership Limited

REGISTERED OFFICE:

Cloffrickford

Auchnagatt

Ellon

Aberdeenshire

AB41 8YD

REGISTERED NUMBER:

SO303757 (Scotland)

ACCOUNTANTS:

Bain Henry Reid

51-53 High Street

Turriff

AB53 4EJ

FIXED ASSETS

Tangible assets

3

904,090

962,860

CURRENT ASSETS

Debtors

4

149,792

129,297

Cash at bank

57,537

102,383

207,329

231,680

CREDITORS

Amounts falling due within one year

5

113,978

153,467

NET CURRENT ASSETS

93,351

78,213

TOTAL ASSETS LESS CURRENT LIABILITIES

997,441

1,041,073

CREDITORS

Amounts falling due after more than one year

6

-

104,685

NET ASSETS ATTRIBUTABLE TO MEMBERS

997,441

936,388

LOANS AND OTHER DEBTS DUE TO MEMBERS

997,441

936,388

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

997,441

936,388

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 January 2026.

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 and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 1 July 2026 and were signed by:

Cardinghill Renewables Limited - Designated member

Formartine Partnership Limited - Designated member

1.	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.

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.

Plant and machinery etc

-

5% on 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.

2.	EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2025 - NIL).

3.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2025

and 31 January 2026

1,468,677

DEPRECIATION

At 1 February 2025

505,817

Charge for year

58,770

At 31 January 2026

564,587

NET BOOK VALUE

At 31 January 2026

904,090

At 31 January 2025

962,860

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

2,100

-

Accrued income

99,951

93,828

Prepayments

47,741

35,469

149,792

129,297

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

104,685

135,547

Trade creditors

885

1

VAT

5,798

15,217

Accruals

2,610

2,702

113,978

153,467

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans - 1-2 years

-

104,685

7.	RELATED PARTY DISCLOSURES