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Registered number: SC527643
NKS Renewable Energy Ltd
ACCOUNTS
FOR THE YEAR ENDED 31/12/2025

NKS Renewable Energy Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/12/2025
DIRECTORS
David John Monks
REGISTERED OFFICE
3 Kilallan Ave
Bridge of Weir
Renfrewshire
PA11 3PW
COMPANY DETAILS
Private company limited by shares registered in SC - Scotland, registered number SC527643
BANKERS
Clydesdale Bank

NKS Renewable Energy Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/12/2025
CONTENTS |  |
|  | Page
Directors' Report |  | -
Accountants' Report |  | -
Statement Of Comprehensive Income |  | -
Balance Sheet |  | 3
Notes To The Accounts |  | 4
The following do not form part of the statutory financial statements: |  |
Trading And Profit And Loss Account |  | -
Profit And Loss Account Summaries |  | -

NKS Renewable Energy Ltd

BALANCE SHEET AT 31/12/2025
|  |  |  |  |  | 2025 |  |  |  | 2024
|  | Notes |  |  |  | £ |  |  |  | £
FIXED ASSETS |  |  |  |  |  |  |  |  |  |
Tangible assets |  | 3 |  |  |  | 5,103,466 |  |  |  | 4,316,211
CURRENT ASSETS |  |  |  |  |  |  |  |  |  |
Debtors |  | 4 |  | 123,703 |  |  |  | 116,569 |  |
|  |  |  | 123,703 |  |  |  | 116,569 |  |
CREDITORS: Amounts falling due within one year |  | 5 |  | 2,008,060 |  |  |  | 187,843 |  |
NET CURRENT LIABILITIES |  |  |  |  |  | (1,884,357) |  |  |  | (71,274)
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  |  |  |  | 3,219,109 |  |  |  | 4,244,937
CREDITORS: Amounts falling due after more than one year |  | 6 |  |  |  | 145,932 |  |  |  | 2,018,199
NET ASSETS |  |  |  |  |  | 3,073,177 |  |  |  | 2,226,738
CAPITAL AND RESERVES |  |  |  |  |  |  |  |  |  |
Called up share capital |  | 7 |  |  |  | 100 |  |  |  | 100
Revaluation reserve |  | 1d,8 |  |  |  | 3,127,760 |  |  |  | 2,241,222
Profit and loss account |  |  |  |  |  | (54,683) |  |  |  | (14,584)
SHAREHOLDERS' FUNDS |  |  |  |  |  | 3,073,177 |  |  |  | 2,226,738
For the year ending 31/12/2025 the company was entitled to exemption 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 18/08/2026 and signed on their behalf by |  |  |  |  |  |  |  |  |  |
............................. |  |  |  |  |  |  |  |  |  |
David John Monks |  |  |  |  |  |  |  |  |  |
Director |  |  |  |  |  |  |  |  |  |

NKS Renewable Energy Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/12/2025

1. ACCOUNTING POLICIES

1a. Basis Of Accounting FRS 1021 a
The accounts have been prepared under the historical cost convention. subject to the revaluation of assets where the director is of the opinion that it is prudent to do so.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

1b. Change In Accounting Policy
In preparing the financial statements for the current year, the company has adopted the following Financial Reporting Standards:
-Financial Reporting Standard for Smaller Entities (effective January 2015).
The adoption of new accounting standards has not resulted in any adjustments to the results of the company in either this year or the previous year.

1c. Depreciation |  |
Depreciation & Amortisation.have been provided in order to write off the assets over their estimated remaining useful lives of 15 years
Plant And Machinery |  | straight line 5%

1d. Revaluation Reserve
Surpluses or deficits arising on the revaluation of individual fixed assets other than investment properties are credited or debited to a non-distributible reserve known as the revaluation reserve (see also note 8).
Revaluation deficits in excess of the amount of prior revaluation surpluses on the same asset are charged to the profit and loss account.

2. EMPLOYEES |  |  |  |  |  |
|  |  |  | 2025 |  | 2024
|  |  |  | No. |  | No.
Average number of employees |  |  |  | 1 |  | 1

NKS Renewable Energy Ltd

3. TANGIBLE FIXED ASSETS |  |  |  |  |  |
|  | Land And |  | Plant and |  |
|  | Buildings |  | Machinery |  | Total
|  | £ |  | £ |  | £
Cost |  |  |  |  |  |
At 01/01/2025 |  | 811,821 |  | 4,380,487 |  | 5,192,308
Revaluation |  | 1,079,288 |  | - |  | 1,079,288
At 31/12/2025 |  | 1,891,109 |  | 4,380,487 |  | 6,271,596
Depreciation |  |  |  |  |  |
At 01/01/2025 |  | - |  | 876,097 |  | 876,097
Transfers |  | - |  | 192,751 |  | 192,751
For the year |  | - |  | 99,282 |  | 99,282
At 31/12/2025 |  | - |  | 1,168,130 |  | 1,168,130
Net Book Amounts |  |  |  |  |  |
At 31/12/2025 |  | 1,891,109 |  | 3,212,357 |  | 5,103,466
At 31/12/2024 |  | 811,821 |  | 3,504,390 |  | 4,316,211

4. DEBTORS |  |  |  | 2025 |  | 2024
|  |  |  | £ |  | £
Amounts falling due within one year |  |  |  |  |  |
VAT |  |  |  | 6,109 |  | -
Prepayments |  |  |  | 22,896 |  | 22,728
Accrued income |  |  |  | 74,698 |  | 73,841
|  |  |  | 103,703 |  | 96,569
Amounts falling due over more than one year |  |  |  |  |  |
Decommissioning Bond |  |  |  | 20,000 |  | 20,000
|  |  |  | 20,000 |  | 20,000
|  |  |  | 123,703 |  | 116,569

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |  |  |  |  |  |
|  |  |  | 2025 |  | 2024
|  |  |  | £ |  | £
VAT |  |  |  | - |  | 20,747
Bank loans and overdrafts |  |  |  | 197,447 |  | 30,133
Term Loans inst < 1 year |  |  |  | 1,792,114 |  | 133,927
Trade creditors |  |  |  | 16,499 |  | 1,036
Accruals |  |  |  | 2,000 |  | 2,000
|  |  |  | 2,008,060 |  | 187,843
The Clydesdale Bank Term Loan is due for renewal in November 2026. Discussions are ongoing with the bank to renew the facility.

NKS Renewable Energy Ltd

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |  |  |  |  |  |
|  |  |  | 2025 |  | 2024
|  |  |  | £ |  | £
Term Loans >1yr |  |  |  | 23,615 |  | 1,816,196
Related Party Loans |  |  |  | 122,317 |  | 202,003
|  |  |  | 145,932 |  | 2,018,199

7. SHARE CAPITAL |  |  |  | 2025 |  | 2024
|  |  |  | £ |  | £
Allotted, issued and fully paid: |  |  |  |  |  |
100 Class 1 shares of £1 each |  |  |  | 100 |  | 100
|  |  |  | 100 |  | 100

8. REVALUATION RESERVE |  |  |  | 2025 |  | 2024
|  |  |  | £ |  | £
Turbine Revaluation reserve |  |  |  | 2,048,472 |  | 2,241,222
Land & Buildings Revaluation reserve |  |  |  | 1,079,288 |  | -
|  |  |  | 3,127,760 |  | 2,241,222

9. SECURITY
The term loan is secured by a charge over all the assets contained within the heritable property at Nether Kypeside Farm Lesmahagow ML11 0JL. The security agents are Clydesdale Bank plc

10. PURCHASE OF LAND
The company purchased the land on which the turbine is situated thereby enabling it to terminate the lease. The land and buildings were revalued at 31st December 2025 with the valuation based on an independent valuaion prepared by Savills in September 2024, plus the value of materail additions and refurbishments since that date.

NKS Renewable Energy Ltd

11. FIXED ASSET REVALUATION
The wind turbine site was revalued by the director as at 31 December 2021 on a Net Present Value (NPV) Basis. The discount rate used was 6.5%. The increase in valuation is influenced by both the recent spike in inflation and energy prices. The increased inflation in recent years has a material long term impacton both the feed-in tariff revenues and minimumexport prices, both of which are index-linked to RPI. The valuation has not been altered in the current year.