REGISTERED NUMBER: SC573808 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

FOR

CANNA RENEWABLE ENERGY AND

ELECTRIFICATION LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Geraldine Mackinnon

Isebail MacKinnon

Craig Alan Martin

REGISTERED OFFICE:

The Binder Shed

ISLE OF CANNA

PH44 4RS

REGISTERED NUMBER:

SC573808 (Scotland)

ACCOUNTANTS:

R A Clement Associates

5 Argyll Square

OBAN

Argyll

PA34 4AZ

FIXED ASSETS

Tangible assets

4

806,152

867,466

CURRENT ASSETS

Debtors

5

128,638

107,689

Cash at bank

54,674

76,448

183,312

184,137

CREDITORS

Amounts falling due within one year

6

157,547

163,729

NET CURRENT ASSETS

25,765

20,408

TOTAL ASSETS LESS CURRENT LIABILITIES

831,917

887,874

CREDITORS

Amounts falling due after more than one year

7

798,378

864,100

PROVISIONS FOR LIABILITIES

50,000

50,000

RESERVES

Income and expenditure account

(16,461

)

(26,226

)

(16,461

)

(26,226

)

831,917

887,874

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 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 surplus or deficit 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 11 August 2026 and were signed on its behalf by:

Isebail MacKinnon - Director

Craig Alan Martin - Director

1.	STATUTORY INFORMATION

Canna Renewable Energy and Electrification Limited is a private company, limited by guarantee , 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.

Plant and machinery

-

5% on cost

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

Plant and

machinery

£

COST

At 1 September 2024

and 31 August 2025

1,226,279

DEPRECIATION

At 1 September 2024

358,813

Charge for year

61,314

At 31 August 2025

420,127

NET BOOK VALUE

At 31 August 2025

806,152

At 31 August 2024

867,466

5.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Trade debtors

15,757

10,433

Other debtors

101,401

80,856

117,158

91,289

Amounts falling due after more than one year:

Other debtors

11,480

16,400

Aggregate amounts

128,638

107,689

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

2,290

2,882

Other creditors

155,257

160,847

157,547

163,729

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other creditors

798,378

864,100

8.	SECURED DEBTS

The Big Lottery Fund has a standard security in respect of all amounts due, or to become due, over the tenant's interest in the lease granted by the National Trust for scotland, and all property, fixtures and fittings on the leased ground.