DOWN BARN FARM SF LIMITED
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Cash
—
Latest balance sheet
Net assets
-£6.6m
-12,949.6% lowest in 3 filed years
Employees
0
Average over period
Profit before tax
-£6.8m
-116,866.1% lowest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Accounts not prepared on a going-concern basis
The directors have determined that the going concern basis of preparation is no longer appropriate and therefore these accounts have been prepared on a break-up basis.
-
Going-concern uncertainty disclosed
-
Negative shareholders' funds
Net assets
3-year trend · vs Utilities median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | — | — | — | — | |
| Operating profit | -£5,500 | -£5,775 | -£6,710,880 | -116,105.7% | |
| Profit before tax | -£5,500 | -£5,803 | -£6,787,544 | -116,866.1% | |
| Net profit | -£8,214 | -£5,803 | -£6,576,842 | -113,235.2% | |
| Cash | — | — | — | — | |
| Total assets less current liabilities | £17,142 | £83,736 | -£6,627,630 | -8,014.9% | |
| Net assets | -£44,985 | -£50,788 | -£6,627,630 | -12,949.6% | |
| Equity | -£44,985 | -£50,788 | — | — | |
| Average employees | 0 | 0 | 0 | — | |
| Wages | — | — | — | — | |
| Directors' remuneration | £0 | £0 | £0 | — |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Return on capital employed | -32.1% | -6.9% | — | |
| Gearing (liabilities / total assets) | 101.0% | 100.9% | 3837.0% | |
| Current ratio | 0.02x | 0.01x | 0.03x | |
| Interest cover | — | — | -87.54x |
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.
Name history
Renamed 1 time since incorporation
- DOWN BARN FARM SF LIMITED 2022-01-06 → present
- LIGHTSOURCE SPV 174 LIMITED 2014-03-12 → 2022-01-06
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Dains Audit (Scotland) Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Not a going concern (break-up basis)
“The directors have determined that the going concern basis of preparation is no longer appropriate and therefore these accounts have been prepared on a break-up basis.”
Significant events
- “On 31 August 2026 the company issued 68 million ordinary shares at par value to SPRUKL for an aggregate subscription price of £6.8 million. The purpose of the share issue was to allow the company to repay internal group loans and settle forecast costs to be settled prior to liquidation.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 10 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| REDARES, Jacqueline | Secretary | 2024-07-02 | — | — |
| CRUIKSHANK, Blair James | Director | 2023-08-21 | Jun 1986 | British |
| GALBRAITH, Ross Colin | Director | 2023-08-21 | Jul 1978 | British |
Show 10 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| MARTIN, Lowri Clare | Secretary | 2022-01-05 | 2022-05-30 |
| RITCHIE, David | Secretary | 2022-08-04 | 2023-08-21 |
| STEEN, Anna | Secretary | 2023-08-21 | 2024-07-02 |
| ARTHUR, Timothy | Director | 2014-03-12 | 2016-10-05 |
| BARKER, Randal John Clifton | Director | 2020-09-09 | 2021-09-30 |
| BOUTONNAT, Kareen Alexandra Patricia | Director | 2016-10-05 | 2022-01-05 |
| CHALMERS WHITE, Heather | Director | 2022-01-05 | 2023-08-21 |
| MCGUIGAN, Patrick Conor | Director | 2014-03-12 | 2020-09-07 |
| PATEL, Yusuf | Director | 2022-01-05 | 2023-05-01 |
| PATERSON, James Malcolm | Director | 2022-01-05 | 2024-03-15 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Scottishpower Renewables (Uk) Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2022-01-05 | Active |
| Lightsource Holdings 3 Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2017-11-24 | Ceased 2022-01-05 |
| Lightsource Renewable Energy Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2017-11-24 |
Filing timeline
Last 20 of 64 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-11 | AA | accounts | Accounts with accounts type full | |
| 2026-09-11 | SH01 | capital | Capital allotment shares | |
| 2026-03-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-02 | AA | accounts | Accounts with accounts type full | |
| 2025-03-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-08-28 | AA | accounts | Accounts with accounts type full | |
| 2024-07-03 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-07-03 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-03-18 | TM01 | officers | Termination director company with name termination date | |
| 2024-03-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-27 | AA | accounts | Accounts with accounts type full | |
| 2023-08-25 | TM01 | officers | Termination director company with name termination date | |
| 2023-08-25 | TM02 | officers | Termination secretary company with name termination date | |
| 2023-08-25 | AP01 | officers | Appoint person director company with name date | |
| 2023-08-25 | AP01 | officers | Appoint person director company with name date | |
| 2023-08-25 | AP03 | officers | Appoint person secretary company with name date | |
| 2023-05-01 | TM01 | officers | Termination director company with name termination date | |
| 2023-03-13 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-01-06 | AA | accounts | Accounts with accounts type small | |
| 2022-08-09 | AP03 | officers | Appoint person secretary company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 1
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.