REGISTERED NUMBER: SC434246 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 October 2025

for

Fetterangus Power Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N A Burnett

C Strachan

REGISTERED OFFICE:

Fetterangus Hall

Ferguson Street

Fetterangus

Peterhead

Aberdeenshire

AB42 4HD

REGISTERED NUMBER:

SC434246 (Scotland)

ACCOUNTANTS:

SBP

Accountants

27 Finlayson Street

Fraserburgh

Aberdeenshire

AB43 9JQ

FIXED ASSETS

Tangible assets

4

461,966

518,651

CURRENT ASSETS

Debtors

5

35,297

39,045

Cash at bank

106,850

574,931

142,147

613,976

CREDITORS

Amounts falling due within one year

6

13,276

106,369

NET CURRENT ASSETS

128,871

507,607

TOTAL ASSETS LESS CURRENT LIABILITIES

590,837

1,026,258

CREDITORS

Amounts falling due after more than one year

7

-

(405,994

)

PROVISIONS FOR LIABILITIES

(72,821

)

(80,506

)

NET ASSETS

518,016

539,758

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

518,015

539,757

SHAREHOLDERS' FUNDS

518,016

539,758

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

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

The directors acknowledge their 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 Board of Directors and authorised for issue on 28 July 2026 and were signed on its behalf by:

N A Burnett - Director

1.	STATUTORY INFORMATION

Fetterangus Power Limited 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 represents the amounts (excluding value added tax) derived from the provision of services to customers. Revenue is recognised at the point services are provided.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Wind Turbine

-

5% on cost

Tangible fixed assets are included at cost less depreciation and impairment. The residual value is reassessed at the end of each accounting period.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Wind

Turbine

£

COST

At 1 November 2024

and 31 October 2025

1,133,704

DEPRECIATION

At 1 November 2024

615,053

Charge for year

56,685

At 31 October 2025

671,738

NET BOOK VALUE

At 31 October 2025

461,966

At 31 October 2024

518,651

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Other debtors

35,297

39,045

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Bank loans and overdrafts

-

100,832

Trade creditors

768

-

Taxation and social security

3,606

1,577

Other creditors

8,902

3,960

13,276

106,369

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.25

31.10.24

£

£

Bank loans

-

405,994

8.	RELATED PARTY DISCLOSURES

During the year, it was agreed that donations of £180,000 (2024: £27,500) were paid to the Fetterangus Community Association.

9.	ULTIMATE CONTROLLING PARTY

Fetterangus Community Association owns 100% of the issued share capital.