Kanadevia Inova Biogas Howla Hay Limited

Registered number

08260265

Filleted Accounts

31 March 2026

Kanadevia Inova Biogas Howla Hay Limited
Registered number:			08260265
Balance Sheet
as at 31 March 2026

Notes		31-Mar-26					31-Mar-25
£					£
Fixed assets
Tangible assets	3			748,615			1,483,631

Current assets
Stocks			58,132			63,589
Debtors	4		205,840			170,674
Cash at bank and in hand			58,166			29,224
			322,138			263,487

Creditors: amounts falling due within one year	5		(912,540)			(742,351)

Net current liabilities				(590,402)			(478,864)

Total assets less current liabilities				158,213			1,004,767

Creditors: amounts falling due after more than one year	6			(5,402,610)			(5,053,890)



Net liabilities				(5,244,397)			(4,049,123)

Capital and reserves
Called up share capital	7			200			200
Share premium				349,928			349,928
Profit and loss account				(5,594,525)			(4,399,251)

Shareholders' funds				(5,244,397)			(4,049,123)

The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Peter Mills
Director
Approved by the board on 27 August 2026

Kanadevia Inova Biogas Howla Hay Limited
Notes to the Accounts
for the year ended 31 March 2026

1	Accounting policies

	Accounting convention
	These financial statements have been prepared in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

	The financial statements are prepared in sterling which is the functional currency of the company. Monetary amounts in these accounts are rounded to the nearest £.

	The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. The prior period represents 15 months ended 31 March 2025, therefore the results may not be directly comparable.


	Going concern
	At the time of approving the financial statements, the directors have reasonable expectation that the company has adequate resources to continue trading for the foreseeable future. The directors acknowledge the continued losses within the company due to depreciation of significant plant and machinery, as well as interest accruing on loans. Although the company remains loss making at EBITDA (2026: £104k), shareholders have stated that they will not recall the loans to the company whilst it would damage the interest of external creditors. Having considered the matters above, the directors are satisfied that the company will continue to meet their obligations. Therefore, the directors continue to adopt the going concern basis of accounting in preparing these financial statements

	Turnover
	Turnover represents amounts receivable from the generation of electricity through anaerobic digestion, net of VAT. Turnover from the sale of electricity is recognised when it is exported to the grid, the point at which the significant risks and rewards of ownership have passed to the buyer.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery		Between 5 and 20 years

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Cash and cash equivalents
	Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

2	Employees			2026		2025
Number					Number

	Average number of persons employed by the company			-		-


3	Tangible fixed assets
						Plant and machinery
£
	Cost
	At 1 April 2025					2,753,843
	Additions					13,017
	Disposals					(8,331)
	At 31 March 2026					2,758,529

	Impairment
	At 1 April 2025					-
	Charge for the year					579,308
	At 31 March 2026					579,308

	Depreciation
	At 1 April 2025					1,270,212
	Charge for the year					160,394
	Disposals					-
	At 31 March 2026					1,430,606

	Net book value
	At 31 March 2026					748,615
	At 31 March 2025					1,483,631


4	Debtors			2026		2025
£					£

	Trade debtors			73,771		45,060
	Other debtors			119,624		125,614
	Corporation tax in asset			12,445		-
				205,840		170,674


5	Creditors: amounts falling due within one year			2026		2025
£					£

	Trade creditors			887,293		720,674
	Other creditors			25,247		21,677
				912,540		742,351


6	Creditors: amounts falling due after one year			2026		2025
£					£

	Other creditors			5,402,610		5,053,890

	As part of the funding package, Kanadevia Inova Biogas Holdco Limited continued to provide loan facilities to the company. £5,402,610 was outstanding at 31 March 2026 (2025: £5,053,887) and is included in Creditors. The interest charged on the loan is 7% per annum. Interest of £434,474 (2025: £419,777) was charged during the 12 month period. Interest paid during the period amounted to £nil. The loan notes are secured by way of fixed and floating charge over the entire assets and undertaking of the company, including leasehold land at Howla Hay Farm.


7	Share Capital			2026		2025
£					£

	Ordinary share capital
	Issued and fully paid up shares of £1 each			200		200


8	Related party transactions
				2026		2025
£					£
	Transactions with related parties
	During the year the company entered into the following transactions with related parties:

	Sales made by entities with common control or common significant influence			108,991		87,253

	Purchases made from entities with common control or common significant influence			299,424		489,841

				2026		2025
£					£
	Amounts due from related parties
	Entities with common control or common significant influence			70,261		41,550

	Amounts due to related parties
	Entities with common control or common significant influence			762,769		627,371



9	Other information

	Kanadevia Inova Biogas Howla Hay Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Marlborough House,
	Westminster Place, Nether Poppleton,
	York
	North Yorkshire
	YO26 6RW

	The company's immediate holding company is Kanadevia Inova Biogas Holdco Limited (formerly Iona Environmental Infrastructure Holdco Limited). Its registered office is:
	123 Pall Mall London SW1Y 5EA

	The company's ultimate parent company is Kanadevia Inova AG. Its registered office is:
	123 Pall Mall London SW1Y 5EA


10	Audit information

	As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:
	The audit report is unqualified.
	Senior statutory auditor:	Graham Fitzgerald BA FCA DChA
	Firm:	Azets Audit Services
	Date of audit report:	27 August 2026