PILOT OFFSHORE RENEWABLES LIMITED

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

IFRS

Reporting scope

Standalone (parent only)

Auditor

Deloitte LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have assessed that the Company has adequate resources to continue in operational existence for the foreseeable future, considering especially the 12-month period from signing of the financial statements. In making this assessment the directors have considered the letter of support provided by a parent entity and have considered the ability of that entity to substantiate the support offered, if required. For this reason, the directors consider it is appropriate to adopt the going concern basis in preparing the financial statements.”

Group structure

1. PILOT OFFSHORE RENEWABLES LIMITED · parent
   1. Kincardine Offshore Windfarm Limited 100% · United Kingdom · Development of offshore windfarm and production and sale of electricity

Significant events

• “Kincardine Offshore Windfarm Limited owns and operates a floating wind farm located off the coast of Aberdeen, Scotland. The commercial operations of the wind farm started on 27 September 2018 on its first production of electricity. The wind farm was fully commissioned on 11 September 2021.”

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

Filings

6

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

2

last 12 months

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

• Turnover

  —

  Not reported

• Cash

  -21.1%

  £14,687 → £11,590

• Net assets

  -10%

  -£490,881 → -£539,845

• Employees

  —

  Not reported

• Operating profit

  -46.9%

  -£37,069 → -£54,442

• Profit before tax

  -46.9%

  -£37,069 → -£54,442

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