A Shade Greener (F13) LLP - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: OC389184 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

A SHADE GREENER (F13) LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DESIGNATED MEMBERS:

A Shade Greener Member LLP

A Shade Greener Debt (3) LLP

REGISTERED OFFICE:

Sterling House

Maple Court

Maple Road

Tankersley

S75 3DP

REGISTERED NUMBER:

OC389184 (England and Wales)

SENIOR STATUTORY AUDITOR:

Andrew Throssell FCA

AUDITORS:

Hebblethwaites

Chartered Accountants & Statutory Auditors

2 Westbrook Court

Sharrow Vale Road

Sheffield

S11 8YZ

FIXED ASSETS

Tangible assets

4

15,920,000

12,196,470

CURRENT ASSETS

Debtors

5

612,383

604,322

Cash at bank and in hand

425,366

370,217

1,037,749

974,539

CREDITORS

Amounts falling due within one year

6

2,356,294

3,981,700

NET CURRENT LIABILITIES

(1,318,545

)

(3,007,161

)

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

14,601,455

9,189,309

LOANS AND OTHER DEBTS DUE TO MEMBERS

8

13,310,111

7,897,965

MEMBERS' OTHER INTERESTS

Capital accounts

1,291,344

1,291,344

14,601,455

9,189,309

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

8

13,310,111

7,897,965

Members' other interests

1,291,344

1,291,344

14,601,455

9,189,309

The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 21 December 2023 and were signed by:

A Shade Greener Debt (3) LLP - Designated member

1.	STATUTORY INFORMATION

A Shade Greener (F13) LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General 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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

In the opinion of management, there are no judgement or key sources of estimation uncertainty that have a significant impact on the financial statement.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover represents net invoiced sales of electricity excluding value added tax. Income is recognised on the date the electricity is generated.

Tangible fixed assets

Equipment is carried at a revalued amount, being its fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Revaluations are made with sufficient regularity to ensure that the carrying amount does not materially differ from that which would be determined using fair value at the end of the reporting period. The last revaluation was performed on an open market basis as at 30 September 2023.

Due to the specialised nature of the fixed assets, the fair value is estimated using an income based approach.

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

Equipment - Straight line over 17 to 18 years

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the group after deducting all of its liabilities.

Basic financial assets, including trade and other receivables and cash and bank balances, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at the market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method.

Members' participation rights

Members' participation rights are the rights of a member that arise under the members' agreement.

Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with section 22 of FRS 102. A member's participation rights including amounts subscribed or otherwise contributed by members. Member's capital is classified as liabilities unless the LLP has an unconditional right to refuse payments to members, in which case it is classified as equity.

Once an unavoidable obligation has been created in favour of members through allocation of profits or other means, any undrawn profits remaining at the reporting date are shown as 'Loans and other amounts due to members' to the extent that they exceed debts due from a specific member. All amounts due to members that are classified as liabilities are presented within 'Loans and other debts due to members'. Amounts recoverable from members are presented as debtors and shown as amounts due from members within members' interests.

Amounts due to members in respect of profits rank pari passu with other unsecured creditors.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2022 - NIL).

4.	TANGIBLE FIXED ASSETS

Equipment

£

COST OR VALUATION

At 1 October 2022

and 30 September 2023

16,900,000

DEPRECIATION

At 1 October 2022

4,703,530

Charge for year

940,706

Revaluation adjustments

(4,664,236

)

At 30 September 2023

980,000

NET BOOK VALUE

At 30 September 2023

15,920,000

At 30 September 2022

12,196,470

Cost or valuation at 30 September 2023 is represented by:

Equipment

£

Valuation in 2023

4,204,000

Cost

12,696,000

16,900,000

If equipment had not been revalued it would have been included at the following historical cost:

30.9.23

30.9.22

£

£

Cost

12,696,000

12,696,000

Aggregate depreciation

5,514,628

4,879,828

Equipment was valued on an open market basis on 30 September 2023 by MBO Partner 1 Limited .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.23

30.9.22

£

£

Trade debtors

612,383

604,322

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.23

30.9.22

£

£

Taxation and social security

19,445

16,175

Other creditors

47,356

41,764

Group company loan

2,289,493

3,923,761

2,356,294

3,981,700

7.	SECURED DEBTS

The following secured debts are included within creditors:

30.9.23

30.9.22

£

£

Loans secured on the equipment

2,289,493

3,923,761

8.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members' (other than members' capital classified as debt) would rank pari passu with ordinary creditors in the event of a winding up.

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

The Report of the Auditor, dated 21 December 2023, was unqualified.

Andrew Throssell FCA (Senior Statutory Auditor)

For and on behalf of Hebblethwaites

10.	ULTIMATE CONTROLLING PARTY

The controlling party is A Shade Greener Debt (3) LLP. The address of the registered office is Sterling House, Maple Court, Maple Road, Tankersley, S75 3DP

The ultimate controlling party is MBO Partner 1 Limited.

11.	BORROWINGS

The loan within current liabilities is repayable on demand. However the provisions of an intercreditor deed stipulate that the lender and borrower agree that the loan will only be repaid on demand if sufficient funds are available within the partnership to do so.