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

REGISTERED NUMBER: OC386136 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

A SHADE GREENER DEBT LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

A Shade Greener Member LLP

A Shade Greener Tankersley LLP

REGISTERED OFFICE:

Sterling House

Maple Court

Maple Road

Tankersley

S75 3DP

REGISTERED NUMBER:

OC386136 (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

Investments

4

3,877,466

3,877,466

CURRENT ASSETS

Debtors

5

45,655,446

46,202,462

Cash at bank and in hand

1,756,930

1,582,372

47,412,376

47,784,834

CREDITORS

Amounts falling due within one year

6

2,858,427

1,988,738

NET CURRENT ASSETS

44,553,949

45,796,096

TOTAL ASSETS LESS CURRENT LIABILITIES

48,431,415

49,673,562

CREDITORS

Amounts falling due after more than one year

7

27,752,299

21,515,566

NET ASSETS ATTRIBUTABLE TO MEMBERS

20,679,116

28,157,996

LOANS AND OTHER DEBTS DUE TO MEMBERS

9

20,679,016

28,157,896

MEMBERS' OTHER INTERESTS

Capital accounts

100

100

20,679,116

28,157,996

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

9

20,679,016

28,157,896

Members' other interests

100

100

20,679,116

28,157,996

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 16 January 2024 and were signed by:

A Shade Greener Tankersley LLP - Designated member

1.	STATUTORY INFORMATION

A Shade Greener Debt 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.

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

Preparation of consolidated financial statements

The financial statements contain information about A Shade Greener Debt LLP as an individual LLP and do not contain consolidated financial information as the parent of a group. The LLP is exempt under Section 400 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, A Shade Greener Tankersley LLP, .

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.

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.	FIXED ASSET INVESTMENTS

Loans to

group

undertakings

£

At 1 October 2022

and 30 September 2023

3,877,466

The LLP's investments at the balance sheet date in the equity of LLPs include the following:

A Shade Greener (F9) LLP

Country of incorporation: England & Wales

Nature of business: Production of electricity

Holding

99.99%

A Shade Greener (F10) LLP

Country of incorporation: England & Wales

Nature of business: Production of electricity

Holding

99.99%

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.23

30.9.22

£

£

Amounts owing by group undertakings - loans

5,647,026

10,647,391

Amounts owing by group undertakings - other debtors

40,008,420

35,555,071

45,655,446

46,202,462

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.23

30.9.22

£

£

Other creditors

10,055

2,400

Bank loan

2,848,372

1,986,338

2,858,427

1,988,738

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.23

30.9.22

£

£

Bank loan

27,752,299

21,515,566

Amounts falling due in more than five years:

Repayable by installments

Bank loan

16,062,647

13,383,749

8.	SECURED DEBTS

The following secured debts are included within creditors:

30.9.23

30.9.22

£

£

Loans

30,600,671

23,501,904

Loans are secured by way of a fixed and floating charge over the assets of the company and its subsidiaries.

9.

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.

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

The Report of the Auditor, dated 16 January 2024, was unqualified.

Andrew Throssell FCA (Senior Statutory Auditor)

For and on behalf of Hebblethwaites

11.	ULTIMATE CONTROLLING PARTY

The controlling party is A Shade Greener Tankersley 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.