| Co-Hydrover Developments Ltd |
| Registered number: |
09521785 |
| Balance Sheet |
| as at 31 March 2026 |
|
| Notes |
|
|
2026 |
|
|
2025 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
4 |
|
|
201,043 |
|
|
212,869 |
|
| Current assets |
| Debtors |
5 |
|
(21,739) |
|
|
(18,301) |
| Cash at bank and in hand |
|
|
29,733 |
|
|
90,661 |
|
|
|
7,994 |
|
|
72,360 |
|
| Creditors: amounts falling due within one year |
6 |
|
(166,214) |
|
|
(190,253) |
|
| Net current liabilities |
|
|
|
(158,220) |
|
|
(117,893) |
|
| Total assets less current liabilities |
|
|
|
42,823 |
|
|
94,976 |
|
| Creditors: amounts falling due after more than one year |
7 |
|
|
(55,423) |
|
|
(72,423) |
|
|
|
| Net (liabilities)/assets |
|
|
|
(12,600) |
|
|
22,553 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
(12,700) |
|
|
22,453 |
|
| Shareholders' funds |
|
|
|
(12,600) |
|
|
22,553 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Lynette Margerison |
| Director |
| Approved by the board on 20 May 2026 |
|
| Co-Hydrover Developments Ltd |
| Notes to the Accounts |
| for the year ended 31 March 2026 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared in accordance with the micro entity provisions of the Companies Act 2006 and FRS 105, The Financial Reporting Standard applicable to the Micro-entities Regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. The director/s have made these further disclosures to offer further clarity to the accounts. |
|
|
Turnover |
|
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 from 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. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Freehold buildings |
over 50 years |
|
Plant and machinery |
5% Straight Line Basis |
|
|
Note: Change of Depreciation Method - Originally the Plant and Machinery was depreciated at 15% per annum 'Reducing Balance' method. The directors consider the 5% 'Straight Line' method to now be more appropriate
|
|
|
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. |
|
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. |
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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. |
|
Provisions |
|
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
| 2 |
Going Concern |
|
|
The accounts have been prepared on a going concern basis, despite the fact that liabilities exceed assets. The directors have given an undertaking to support the company until it returns to a net assets position. They consider that it is appropriate to prepare the accounts on the going concern basis |
|
|
| 3 |
Employees |
2026 |
|
2025 |
| Number |
Number |
|
|
Average number of persons employed by the company |
0 |
|
0 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Tangible fixed assets |
|
|
|
|
Glen Finart |
|
Burnmakiman |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 April 2025 |
307,516 |
|
153,324 |
|
460,840 |
|
At 31 March 2026 |
307,516 |
|
153,324 |
|
460,840 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2025 |
169,028 |
|
78,943 |
|
247,971 |
|
Charge for the year |
7,694 |
|
4,132 |
|
11,826 |
|
At 31 March 2026 |
176,722 |
|
83,075 |
|
259,797 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2026 |
130,794 |
|
70,249 |
|
201,043 |
|
At 31 March 2025 |
138,488 |
|
74,381 |
|
212,869 |
|
|
| 5 |
Debtors |
2026 |
|
2025 |
| £ |
£ |
|
|
Trade debtors |
(21,739) |
|
(18,301) |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due within one year |
2026 |
|
2025 |
| £ |
£ |
|
|
Trade creditors* |
857 |
|
857 |
|
Corporation tax |
32,054 |
|
33,593 |
|
Other taxes and social security costs |
10,044 |
|
8,116 |
|
Other creditors |
123,259 |
|
147,687 |
|
|
|
|
|
|
166,214 |
|
190,253 |
|
|
|
|
|
|
|
|
|
|
|
| 7 |
Creditors: amounts falling due after one year |
2026 |
|
2025 |
| £ |
£ |
|
|
Other creditors (Total) |
55,423 |
|
72,423 |
|
R Drover |
25,597 |
|
29,097 |
|
I McLaggon |
18,327 |
|
31,826 |
|
L Margerrison |
11,500 |
|
11,500 |
|
|
|
|
|
|
55,424 |
|
72,423 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Loans to/from Directors |
|
Description and conditions |
B/fwd |
Additional Borrowing |
Repaid to Dir. |
C/fwd |
| £ |
£ |
£ |
£ |
|
Co-Hydro Ltd |
|
Director Loan Account |
(39,245) |
|
(59,500) |
|
66,500 |
|
(32,245) |
|
|
Nathan Drover |
|
Director Loan Account |
(51,681) |
|
(1,659) |
|
7,500 |
|
(45,840) |
|
|
Hydrover Turbines Ltd |
|
Director Loan Account |
(11,832) |
|
(27,500) |
|
55,000 |
|
15,668 |
|
|
Sustainable Control Systems Ltd |
|
Director Loan Account |
(52,840) |
|
(17,000) |
|
24,000 |
|
(45,840) |
|
|
|
(155,598) |
|
(105,659) |
|
153,000 |
|
(108,257) |
|
|
|
|
|
|
|
|
|
|
| 9 |
Related party transactions |
|
|
All lending to the company by the directors has been charged interest at a recognised commercial rate. |
|
|
| 10 |
Other information |
|
|
Co-Hydrover Developments Ltd is a private company limited by shares and incorporated in Wales. Its registered office is: |
|
30 Bardsey Crescent |
|
Llanishen |
|
Cardiff |
|
South Glamorgan |
|
CF14 5LA |