Company No: 08945627 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	31.12.2025		31.12.2024
		£		£
Fixed assets
Intangible assets	3	118,240		212,832
Tangible assets	4	673,028		742,333
		791,268		955,165
Current assets
Debtors	5	234,125		400,638
Cash at bank and in hand		351,919		60,810
		586,044		461,448
Creditors: amounts falling due within one year	6	( 11,276)		( 71,197)
Net current assets		574,768		390,251
Total assets less current liabilities		1,366,036		1,345,416
Provision for liabilities	7	0		( 113,019)
Net assets		1,366,036		1,232,397
Capital and reserves
Called-up share capital	8	1		1
Profit and loss account		1,366,035		1,232,396
Total shareholder's funds		1,366,036		1,232,397

For the financial year ending 31 December 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Allt Coralan Hydro Limited (registered number: 08945627) were approved and authorised for issue by the Board of Directors on 24 August 2026. They were signed on its behalf by:

C Wong Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

Allt Coralan Hydro Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 6/F Craven House, 119 - 123 Kingsway, London, WC2B 6PA, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Reporting period length

To align the Company's year end with other related entities, the previous reporting period covers the 15 months to 31 December 2024. The current reporting period covers the 12 month period to 31 December 2025.

Turnover

Turnover is attributable to the company's principal activity, the production of electricity through the operation of a hydro scheme, and represents amounts receivable from such production services. Turnover is recognised at the fair value of the consideration received or receivable for energy production services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets is reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill

10 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery

20 years straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Financial assets
An asset is impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use.

For financial assets carried at amortised cost, the amount of impairment is the difference between the asset’s carrying amount and the present value of estimated future cash flows, discounted at the financial asset’s original effective interest rate.

For financial assets carried at cost less impairment, the impairment loss is the difference between the asset’s carrying amount and the best estimate of the amount that would be received for the asset if it were to be sold at the reporting date.

Where indicators exist for a decrease in impairment loss, and the decrease can be related objectively to an event occurring after the impairment was recognised, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired financial asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors, loans to fellow group companies and cash and bank balances, are measured at transaction price including transaction costs. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors and loans from fellow group companies are recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

2. Employees

	Year ended 31.12.2025		Period from 01.10.2023 to 31.12.2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	2		2

3. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 January 2025	945,920		945,920
At 31 December 2025	945,920		945,920
Accumulated amortisation
At 01 January 2025	733,088		733,088
Charge for the financial year	94,592		94,592
At 31 December 2025	827,680		827,680
Net book value
At 31 December 2025	118,240		118,240
At 31 December 2024	212,832		212,832

4. Tangible assets

	Plant and machinery		Total
	£		£
Cost
At 01 January 2025	1,386,100		1,386,100
At 31 December 2025	1,386,100		1,386,100
Accumulated depreciation
At 01 January 2025	643,767		643,767
Charge for the financial year	69,305		69,305
At 31 December 2025	713,072		713,072
Net book value
At 31 December 2025	673,028		673,028
At 31 December 2024	742,333		742,333

5. Debtors

	31.12.2025		31.12.2024
	£		£
Trade debtors	18,799		644
Amounts owed by Group undertakings	118,886		118,886
Other debtors	96,440		281,108
	234,125		400,638

6. Creditors: amounts falling due within one year

	31.12.2025		31.12.2024
	£		£
Trade creditors	1,680		1,882
Amounts owed to Group undertakings	0		46,121
Taxation and social security	2,600		13,963
Other creditors	6,996		9,231
	11,276		71,197

7. Provision for liabilities

	31.12.2025		31.12.2024
	£		£
Deferred tax	0		113,019

8. Called-up share capital

	31.12.2025		31.12.2024
	£		£
Allotted, called-up and fully-paid
1 Ordinary share of £ 1.00	1		1

9. Related party transactions

Other related party transactions

	31.12.2025		31.12.2024
	£		£
Amounts due from controlling entities, or entities under common control	118,886		118,886
Amounts due to controlling entities, or entities under common control	0		(46,121)

The above loans are unsecured, interest free and have no fixed repayment terms.

10. Ultimate controlling party

The parent company of Allt Coralan Hydro Limited is Profound UK Holdings Limited and its registered office is 6/F Craven House, 119 - 123 Kingsway, London, England, WC2B 6PA.

The ultimate controlling party of Allt Coralan Hydro Limited is is Profound Auch IOM Limited, a Company incorporated in the Isle of Man.