KYPE EXTENSION WIND FARM LIMITED

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  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. KYPE EXTENSION WIND FARM LIMITED 2023-12-15 → present
2. BANKS RENEWABLES (HARTING RIG WIND FARM) LIMITED 2013-11-26 → 2023-12-15

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Moore Kingston Smith LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Company has cash balances of 2,402k (2023: 2,486k) and total net assets of 57,692k (2023: 2,008k). At 31 December 2024 the Company had net current liabilities of 59,567k (2023: 75,465k) arising from shareholder loans of 62,103k (2023: 76,614k) being payable on demand. The Company's parent undertaking has confirmed that it will continue to provide financial support to the Company for at least the next 12 months, including not demanding repayment of amounts owed by the Company. The Directors have fully considered the risks and uncertainties of the Company's cash flow forecasts and have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future, being at least 12 months from date of signing. Accordingly, the Directors continue to adopt the going concern basis in preparing the financial statements.”

Significant events

• “On 8 December 2023, Banks Renewables Limited sold 49.9% of its holding of the Company to Greencoat UK Wind Holdco Limited ("Greencoat Holdco").”
• “On 9 September 2024, Banks Renewables Limited sold its remaining 50.1% holding of the Company to Greencoat KME Holdco Limited ("KME Holdco").”
• “On 4 October 2024, KME Holdco then sold 15.63% of its holding in the Company to Greencoat Holdco.”
• “Ultimate ownership of the Company was transferred from Banks Renewables Limited to Greencoat Holdco.”
• “On 8 December 2023, the sum of 20,146k was capitalised via a bonus share issue.”
• “In the prior period there was a contingent liability to financial institutes amounting to 8,676k in respect of counter indemnities for bonds granted to guarantee outstanding site costs of development. The balance of this liability has been reduced to Nil in these financial statements.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

9

last 12 months

Capital events

1

last 24 months

Officers appointed

0

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.