PMK Renewables Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: SC606208 (Scotland)

Financial Statements for the Year Ended 31 December 2025

for

PMK Renewables Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

K N Docherty

D Jones

J Watt

REGISTERED OFFICE:

c/o McLay, McAlister & McGibbon LLP

145 St Vincent Street

Glasgow

G2 5JF

REGISTERED NUMBER:

SC606208 (Scotland)

AUDITORS:

McLay McAlister & McGibbon LLP

Chartered Accountants and Statutory Auditors

145 St Vincent Street

Glasgow

G2 5JF

CURRENT ASSETS

Debtors

4

1,667,102

1,499,437

Cash at bank

38,011

43,203

1,705,113

1,542,640

CREDITORS

Amounts falling due within one year

5

(1,064,943

)

(1,048,738

)

NET CURRENT ASSETS

640,170

493,902

TOTAL ASSETS LESS CURRENT
LIABILITIES

640,170

493,902

CAPITAL AND RESERVES

Called up share capital

3

Retained earnings

640,167

493,899

640,170

493,902

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 September 2026 and were signed on its behalf by:

D Jones - Director

1.	STATUTORY INFORMATION

PMK Renewables Ltd 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.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Financial instruments

Debtors

Trade Debtors and other debtors are recognised at the settlement amount due with appropriate allowances for any irrecoverable amounts when there is objective evidence the asset is impaired.

Cash and cash equivalents

Cash and cash equivalents in the balance sheet comprise cash in hand and bank overdrafts.

Creditors

Trade creditors and other creditors are recognised where the company has a present obligation resulting from a past event and are recognised at the settlement amount due after allowing for any trade discounts due.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

Trade debtors

35,077

67,430

Amounts owed by group undertakings

1,631,697

1,431,697

Other debtors

328

310

1,667,102

1,499,437

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

Amounts owed to group undertakings

1,000,000

Taxation and social security

60,443

46,488

Other creditors

4,500

2,250

1,064,943

1,048,738

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

The Report of the Auditors was unqualified.

Paul Martin (Senior Statutory Auditor)

for and on behalf of McLay McAlister & McGibbon LLP

7.	RELATED PARTY DISCLOSURES

During the year the company paid dividends of £nil (2024: £1,000,000) to PPK Holdings Limited, the immediate parent company. At the year end, a balance of £1,000,000 (2024: £1,000,000) was due to PPK Holdings Ltd. This loan is interest free and payable on demand.

During the year the company incurred costs of £nil (2024: £40,495) from PMK Construction Limited, a company controlled by certain directors.

During the year the company made sales of £208,357 (2024: £197,976) to and was recharged rent of £9,000 (2024: £21,000) from PMK Civil Engineering Ltd, a fellow subsidiary. At the year end, a balance of £1,665,615 (2024: £1,497,968) was due from PMK Civil Engineering Ltd.

8.	FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

9.	ULTIMATE CONTROLLING PARTY

The ultimate parent company is PPK Holdings Limited, a company incorporated in Scotland. PPK Holdings Limited is controlled by PMK Trustees Limited as the Trustee of the PMK Employee Ownership Trust.

PPK Holdings Limited is the largest group for which consolidated financial statements are prepared which includes these results. A copy of the consolidated financial statements may be obtained from the registered office:

145 St Vincent Street

Glasgow

G2 5JF