LITTLE GALA WINDFARM LIMITED

• ⚠

  Material uncertainty over going concern

  As noted, the Company is in the process of being sold to a prospective purchaser and is currently dependent on the financial support from BUK. In addition, BUK is reliant on financial support from the ultimate Parent Company and BUK's 2023 financial statements included a material uncertainty related to going concern, which may have a direct impact on BUK's ability to provide required financial support to the Company. As a result, this indicates that a material uncertainty exists which may cast significant doubt on the Company's ability to continue as a going concern and therefore it may be unable to realise its assets and discharge its liabilities in the normal course of business.

• ◆

  Audit opinion: Qualified

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

• ◆

  2 PSCs ceased in last 24 months

  Significant control changed hands — see the Ownership section.

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

  —

  Not reported

• Cash

  +300%

  £1,000 → £4,000

• Net assets

  -52.9%

  -£121,000 → -£185,000

• Employees

  —

  Not reported

• Operating profit

  -20.8%

  -£53,000 → -£64,000

• Profit before tax

  -20.8%

  -£53,000 → -£64,000

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

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

Standalone (parent only)

Auditor

BDO LLP

Audit opinion

Qualified

Going concern

Material uncertainty disclosed

“As noted, the Company is in the process of being sold to a prospective purchaser and is currently dependent on the financial support from BUK. In addition, BUK is reliant on financial support from the ultimate Parent Company and BUK's 2023 financial statements included a material uncertainty related to going concern, which may have a direct impact on BUK's ability to provide required financial support to the Company. As a result, this indicates that a material uncertainty exists which may cast significant doubt on the Company's ability to continue as a going concern and therefore it may be unable to realise its assets and discharge its liabilities in the normal course of business.”

Significant events

• “Planning permission for the Little Gala windfarm was initially denied on 03 September 2024 by South Lanarkshire Council. A planning permission appeal was submitted on 28 November 2024 to the Scottish Government's Directorate for Planning and Environmental Appeals. At the time of signing the financial statements, this appeal has not concluded.”
• “The directors are currently in advanced discussions to sell the Company to a prospective purchaser. As at the approval date of the financial statements, the sale of the Company has not completed.”

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

Filings

13

last 12 months

Capital events

0

last 24 months

Officers appointed

3

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.