COIMHEARSNACHD BHARRAIDH AGUS BHATARSAIDH (BARRA AND VATERSAY COMMUNITY) LTD

1. COIMHEARSNACHD BHARRAIDH AGUS BHATARSAIDH (BARRA AND VATERSAY COMMUNITY) LTD 2010-11-09 → present
2. COIMHEARSNACHD BHARRAIDH AGUS BHATERSAIGH (BARRA AND VATERSAY COMMUNITY) LIMITED 2005-06-07 → 2010-11-09

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

Chariot House Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The trustees believe CBAB has made significant progress over the last year. As trustees we are required to operate the charity within its means, to ensure there is provision for future needs and to do so within a wide range of statutory requirements. All this has to be achieved while serving CBAB's charitable goals.”

Group structure

1. COIMHEARSNACHD BHARRAIDH AGUS BHATARSAIDH (BARRA AND VATERSAY COMMUNITY) LTD · parent
   1. Barra and Vatersay Wind Energy Limited 100% · Scotland · Operates the wind turbine on Barra.
   2. Barra and Vatersay Environmental Services Limited 100% · Scotland · Carries out environmental services such as the collection of non hazardous waste.
   3. Tobhair an Eilean Limited 100% · Scotland · Dormant during the year.

Significant events

• “BVWE continues to operate very successfully and remains our main source of income.”
• “Working in the energy sector as a small generator on an island can make it difficult to secure appropriate insurance cover at a reasonable price and weather and ferry availability present challenges in respect of Operations and Maintenance (O&M) cover.”
• “The staff and board of BVWE are working on a number of initiatives to develop and improve the subsidiary as it goes forward. These include looking to the future need to replace (repower) the turbine and the possibility of a "Local Energy Club" to enable club members to benefit from dual tariffs with the lower tariff corresponding to when participating generators are exporting power.”
• “Generation corresponding to the period was 3,093 MWh compared to 3,142 MWh for FYE24.”
• “A PPA was signed with Younity/Octopus Energy Ltd for April 2024-March 2025 for an electricity price £106.81 per MWh, REGO £7.11 per MWh plus embedded benefits. PPA prices in 2024-25 have stabilised but remain above pre-crisis norms.”
• “Two payments were made: £350,000 July 2024 and £100,000 December 2024 (Disbursement to parent company).”
• “A 0.2 FTE business manager is employed.”
• “Barra and Vatersay Environmental Services (BVES) continues to face difficulties in its main activity in the recycling centre.”
• “Tobhair an Eilean Limited was dormant during the year under review.”
• “The group operates with a heavy financial reliance on the wind energy subsidiary BVWE's bi-annual disbursement fund totalling in any normal year around £250-350k which underpins the core operating costs of the parent Charity. A financial six-month reserve policy has been implemented by the Charity.”
• “The group is exploring other potential income streams and diversification options to secure the long-term future of the group. An updated strategic plan will be implemented in 2024-2025.”
• “Processes and software are in place to protect the company from cyber-attacks and malware. Governance controls are in place, operational planning and regular monthly meetings are held to check against milestones.”
• “A repair and maintenance contract [EPK II] is held with Enercon the turbine supplier. Securing adequate Business Interruption Insurance has become more challenging in recent years.”
• “EPK II repair and maintenance cover is only in place for 12 years, 2026. Enercon have confirmed they are able to provide options for EPK extension out to year 20, 2034. Planning consent will expire in October of the same year. Both technical and financial options for repowering/reenergising the turbine are already being considered.”
• “Tobhair an Eilean Ltd is not a trading company as matters stand. This company was intended to be a vehicle for a seaweed processing operation. However, due to the failure of the project to progress the HIE de-committed the project. An advance payment of £42k for materials was made to Aquamoor Ltd for materials and a request for materials to the value of the payment has been made but has not been acted upon.”

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

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

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

• Turnover

  -15.3%

  £985,048 → £833,979

• Cash

  +25.5%

  £922,887 → £1,157,912

• Net assets

  +5.6%

  £2,716,008 → £2,869,291

• Employees

  +20%

  5 → 6

• Operating profit

  -24.1%

  £373,134 → £283,173

• Profit before tax

  -27.1%

  £286,544 → £208,991

• Wages

  -7.8%

  £122,817 → £113,238

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers