MPG Wind Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: NI615853 (Northern Ireland)

Financial Statements for the Year Ended 31 December 2025

for

MPG Wind Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A Martin

E Martin

REGISTERED OFFICE:

141 Camlough Road

Carrickmore

Co. Tyrone

BT79 9BS

REGISTERED NUMBER:

NI615853 (Northern Ireland)

ACCOUNTANTS:

Tyrone Accountancy Services

8-10 Church Street

Omagh

Co. Tyrone

BT78 1DG

FIXED ASSETS

Tangible assets

4

510,332

563,852

Investments

5

1,061,251

1,571,583

1,625,103

CURRENT ASSETS

Stocks

-

5,564

Debtors

6

4,007,871

4,172,899

Cash at bank

184,137

249,546

4,192,008

4,428,009

CREDITORS

Amounts falling due within one year

7

2,444,536

2,525,053

NET CURRENT ASSETS

1,747,472

1,902,956

TOTAL ASSETS LESS CURRENT
LIABILITIES

3,319,055

3,528,059

CREDITORS

Amounts falling due after more than one
year

8

(427,665

)

(591,370

)

PROVISIONS FOR LIABILITIES

(64,653

)

(75,256

)

NET ASSETS

2,826,737

2,861,433

CAPITAL AND RESERVES

Called up share capital

2

Retained earnings

2,826,735

2,861,431

2,826,737

2,861,433

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 profit or loss 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 5 June 2026 and were signed on its behalf by:

A Martin - Director

E Martin - Director

1.	STATUTORY INFORMATION

MPG Wind Ltd is a private company, limited by shares , registered in Northern Ireland. 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, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover includes revenue earned from the generation of electricity and trading of Renewable Obligation Certificates (ROC's). Accrued income is recognised in reference to the date of electricity generation.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings - 5% straight line

Wind turbines - 5% straight line

Plant and machinery - 20% reducing balance

Fixtures, fittings, tools and equipment - 20% reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2024 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

COST

At 1 January 2025

and 31 December 2025

166,553

581,728

49,449

61,643

859,373

DEPRECIATION

At 1 January 2025

5,552

247,134

30,506

12,329

295,521

Charge for year

8,328

31,536

3,792

9,864

53,520

At 31 December 2025

13,880

278,670

34,298

22,193

349,041

NET BOOK VALUE

At 31 December 2025

152,673

303,058

15,151

39,450

510,332

At 31 December 2024

161,001

334,594

18,943

49,314

563,852

5.	FIXED ASSET INVESTMENTS

31.12.25

31.12.24

£

Shares in group undertakings

444,409

Other investments not loans

616,842

1,061,251

Additional information is as follows:

Shares in

group

undertakings

£

COST

At 1 January 2025

and 31 December 2025

444,409

NET BOOK VALUE

At 31 December 2025

444,409

At 31 December 2024

444,409

Investments (neither listed nor unlisted) were as follows:

31.12.25

31.12.24

£

Investment property

616,842

617,150

Additions

-

(308

)

616,842

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

Trade debtors

223,530

46,257

Other debtors

3,784,341

4,126,642

4,007,871

4,172,899

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

Bank loans and overdrafts

202,546

271,725

Hire purchase contracts

14,611

16,802

Trade creditors

60,256

41,747

Amounts owed to group undertakings

107,505

Taxation and social security

29,032

46,611

Other creditors

2,030,586

2,040,663

2,444,536

2,525,053

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.12.25

31.12.24

£

Bank loans

379,946

529,040

Hire purchase contracts

47,719

62,330

427,665

591,370

9.	SECURED DEBTS

Secured bank loans total £582,051 (2024: £729,128).

Asset held as Security by Bank of Ireland:

Debenture over the assets and undertakings of the company, supported by First Legal Mortgage/Charge over the property at Camlough Road, Carrickmore, Omagh, Co. Tyrone. (Land Cert Folio 25731 Co Tyrone and Folio 25845).

Personal guarantee signed by Adrian Martin and Eamonn Martin and MPG Energy Ltd.

Additional Security over the Lands at Colinglen Road, Hannahstown, comprised within AN254011 County Antrim is also held.