REGISTERED NUMBER: SC538814 (Scotland)

PAIRC NISEABOIST POWER LIMITED

Audited Financial Statements for the Year Ended 31 December 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M Mackay

R Maclennan

R Maclennan

SECRETARY:

A R Campbell

REGISTERED OFFICE:

5 Scaristavore

Isle of Harris

HS3 3HX

REGISTERED NUMBER:

SC538814 (Scotland)

AUDITORS:

Mann Judd Gordon Ltd

Chartered Accountants

& Statutory Auditors

26 Lewis Street

Stornoway

Isle of Lewis

HS1 2JF

FIXED ASSETS

Tangible assets

4

3,523

7,185

CURRENT ASSETS

Debtors

5

57,253

55,650

Cash at bank

7,615

15,187

64,868

70,837

CREDITORS

Amounts falling due within one year

6

67,737

66,515

NET CURRENT (LIABILITIES)/ASSETS

(2,869

)

4,322

TOTAL ASSETS LESS CURRENT LIABILITIES

654

11,507

CREDITORS

Amounts falling due after more than one year

7

10,000

10,000

NET (LIABILITIES)/ASSETS

(9,346

)

1,507

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(9,446

)

1,407

(9,346

)

1,507

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 30 July 2026 and were signed on its behalf by:

R Maclennan - Director

1.	STATUTORY INFORMATION

Pairc Niseaboist 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Going Concern

Despite the negative reserves on the Balance Sheet, the company continues to trade with the support of its parent charitable company, The West Harris Trust. As such, the directors consider the company to be a going concern and there are no material uncertainties casting significant doubt over its ability to continue as a going concern.

Significant judgements and estimates

Fixed asset net book value and depreciation charges are the areas of the accounts which are affected by significant judgements and estimates. The directors exercise judgement in determining both the useful economic life and the likely residual value of the company's assets. This judgement affects the rates of and charge for depreciation in the accounts for the year. It also therefore affects the net book value of the assets in the balance sheet.

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

-

10% depreciation 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 January 2025

and 31 December 2025

36,619

DEPRECIATION

At 1 January 2025

29,434

Charge for year

3,662

At 31 December 2025

33,096

NET BOOK VALUE

At 31 December 2025

3,523

At 31 December 2024

7,185

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

47,958

48,176

Other debtors

9,295

7,474

57,253

55,650

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade creditors

31,686

31,683

Amounts owed to group undertakings

8,238

8,204

Taxation and social security

2,527

2,149

Other creditors

25,286

24,479

67,737

66,515

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Amounts owed to group undertakings

10,000

10,000

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

John E Moffat BA FCA (Senior Statutory Auditor)

for and on behalf of Mann Judd Gordon Ltd

9.	RELATED PARTY DISCLOSURES

The company has received loans from the West Harris Trust ('the Trust') to assist in the funding of its capital expenditure programme. The loan was secured by the Trust from Western Isles Development Trust and the repayments of the loan will be recharged to the Company. The balance due by the company at 31 December 2025 was £10,000 (2024 - £10,000).

The Trust has provided working capital assistance to the company to assist with funding of expenditure. The balance due to the company at 31 December 2025 was £8,238 (2024 - £8,204). The company provides electricity to the Trust. Electricity sales of £28,966 were made in relation to the year ended 31 December 2025 (2024: £24,996) and the company owed a management charge of £1,308 (2024: £1,090).

The company is a corporate member of Horgabost Wind LLP ("the LLP"). At the year end, the LLP owes the company £14,020 (2024 - £14,020).

10.	ULTIMATE CONTROLLING PARTY

The controlling party is West Harris Trust.