HAFOD RENEWABLE ENERGY LTD

• ⚠

  Material uncertainty over going concern

  The company ceased to trade during the financial year. Following this, the directors of the company do not intend for the company to carry out any trading activity in the foreseeable future and intend to liquidate the company, settle its outstanding obligations and distribute any remaining assets. As such, the financial statements have been prepared on a basis other than that of going concern.

• ◆

  Audit opinion: Qualified

  Latest auditor's report carried a non-clean opinion.

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

• Turnover

  -78.2%

  £2,043,487 → £445,616

• Cash

  -89.4%

  £35,553 → £3,760

  lowest in 6 filed years

• Net assets

  -77.3%

  £2,025,887 → £460,184

  lowest in 6 filed years

• Employees

  -26.7%

  15 → 11

• Operating profit

  -31.5%

  -£1,571,246 → -£2,066,129

• Profit before tax

  -31.7%

  -£1,575,656 → -£2,075,427

  lowest in 3 filed years

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

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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.

1. HAFOD RENEWABLE ENERGY LTD 2010-12-07 → present
2. CROWN RENEWABLE ENERGY LTD 2010-08-31 → 2010-12-07

Accounting basis

FRS 102 §1A

Reporting scope

Standalone (parent only)

Abridged

Yes — abridged accounts (limited disclosure)

Auditor

Azets Audit Services

Audit opinion

Qualified

Going concern

Material uncertainty disclosed

“The company ceased to trade during the financial year. Following this, the directors of the company do not intend for the company to carry out any trading activity in the foreseeable future and intend to liquidate the company, settle its outstanding obligations and distribute any remaining assets. As such, the financial statements have been prepared on a basis other than that of going concern.”

Significant events

• “Following the acquisition of the Company by Certas Energy UK Limited, the Directors of the Company became aware of limitations with regards to the accounting records kept and its impact on the contract accounting process.”
• “A disclaimer of opinion was issued on the financial statements for the year ended 31 March 2024. In our report we stated that, we were not appointed as auditors of the company until after 4 May 2023 and it was not possible for us to perform the auditing procedures necessary to obtain sufficient audit evidence as regards to the existence, completeness and valuation of stock, which is stated in the balance sheet at £394,339 in the prior period financial statements at 4 May 2023.”
• “The company ceased to trade during the financial year. Following this, the directors of the company do not intend for the company to carry out any trading activity in the foreseeable future and intend to liquidate the company, settle its outstanding obligations and distribute any remaining assets.”

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.