REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 DECEMBER 2020 |
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GLEN HYDRO HOLDCO LTD |
REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 DECEMBER 2020 |
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FOR |
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GLEN HYDRO HOLDCO LTD |
GLEN HYDRO HOLDCO LTD (REGISTERED NUMBER: 11686818) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2020 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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GLEN HYDRO HOLDCO LTD |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31 DECEMBER 2020 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
Wellington House |
273-275 High Street |
London Colney |
Hertfordshire |
AL2 1HA |
GLEN HYDRO HOLDCO LTD (REGISTERED NUMBER: 11686818) |
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BALANCE SHEET |
31 DECEMBER 2020 |
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2020 | 2019 |
Notes | £ | £ |
FIXED ASSETS |
Investments | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 | ( |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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The director acknowledges his 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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director and authorised for issue on
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GLEN HYDRO HOLDCO LTD (REGISTERED NUMBER: 11686818) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2020 |
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1. | STATUTORY INFORMATION |
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Glen Hydro Holdco Ltd is a
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2. | ACCOUNTING POLICIES |
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BASIS OF PREPARING THE FINANCIAL STATEMENTS |
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INVESTMENTS IN SUBSIDIARIES |
Investments in subsidiary undertakings are recognised at cost. |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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DEFERRED TAX |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
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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. |
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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. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was NIL (2019 - NIL). |
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4. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 1 January 2020 |
and 31 December 2020 |
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NET BOOK VALUE |
At 31 December 2020 |
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At 31 December 2019 |
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GLEN HYDRO HOLDCO LTD (REGISTERED NUMBER: 11686818) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2020 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2020 | 2019 |
£ | £ |
Amounts owed by group undertakings |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2020 | 2019 |
£ | £ |
Trade creditors |
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Amounts owed to group undertakings |
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Other creditors |
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7. | RELATED PARTY DISCLOSURES |
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During the year a loan was provided from Renfin International a.s to Glen Hydro Holdco Ltd. Interest is payable on the loan at a rate of 7% pa. At the balance sheet date the amount due to Renfin International a.s was £1,417,012 (2019 - £1,581,046). |
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During the year a loan was provided from Glen Hydro Holdco Ltd to Glen Hydro Fasfern Ltd. Interest is payable on the loan at a rate of 7% pa. At the balance sheet date the amount due from Glen Hydro Fasfern Ltd was £381,332 (2019 - £421,061). |
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During the year a loan was provided from Glen Hydro Holdco Ltd to Glen Hydro Kinlochewe Ltd. Interest is payable on the loan at a rate of 7% pa. At the balance sheet date the amount due from Glen Hydro Kinlochewe Ltd was £18,396 (2019 - £24,367). |
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During the year a loan was provided from Glen Hydro Holdco Ltd to Glen Hydro Ledcharie Ltd. Interest is payable on the loan at a rate of 7% pa. At the balance sheet date the amount due from Glen Hydro Ledcharie Ltd was £245,636 (2019 - £287,194). |
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During the year a loan was provided from Glen Hydro Holdco Ltd to Glen Hydro Locheil Ltd. Interest is payable on the loan at a rate of 7% pa. At the balance sheet date the amount due from Glen Hydro Locheil Ltd was £248,031 (2019 - £289,488). |
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During the year a loan was provided from Glen Hydro Holdco Ltd to Glen Hydro Lochrosque Ltd. Interest is payable on the loan at a rate of 7% pa. At the balance sheet date the amount due from Glen Hydro Lochrosque Ltd was £285,208 (2019 - £302,115). |
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During the year a loan was provided from Glen Hydro Holdco Ltd to Glen Hydro Chesthill Ltd. Interest is payable on the loan at a rate of 7% pa. At the balance sheet date the amount due from Glen Hydro Chesthill Ltd was £245,202 (2019 - £268,885). |