Pilot Offshore Renewables Limited
Other specialised construction activities n.e.c. · Edinburgh
ActiveUnited KingdomIncorporated 2013Private Limited Company
Financial position
Accounts to 2025-12-31 · GBP · Company accounts
Net assets
—
Cash
£4,952
Turnover
—
Profit / loss
−£43,299
Current assets
£10,430
Creditors < 1 year
£593,674
Equity
−£583,144
Average employees
6
Balance-sheet trend
GBP · companyFinancial statements
Selected figures from the best-ranked available filing for each period. Missing values remain unknown.
Some figures were read by AI from scanned accounts, so small errors are possible. View the filed accounts
| Reported figures | 2025-12-31Company · AI-read | 2024-12-31Company · AI-read |
|---|---|---|
| Balance sheet | ||
| Equity | −£583,144 | −£539,845 |
| Share capital | £400 | £400 |
| Retained earnings | −£583,544 | −£540,245 |
| Assets | ||
| Fixed assets | £100 | £100 |
| Investments | £100 | £100 |
| Current assets | £10,430 | £17,838 |
| Cash at bank | £4,952 | £11,590 |
| Debtors | £5,478 | £6,248 |
| Liabilities | ||
| Creditors | £593,674 | £557,783 |
| Creditors within one year | £593,674 | £557,783 |
| Profit & loss | ||
| Administrative expenses | £43,299 | £54,442 |
| Operating profit | −£43,299 | −£54,442 |
| Profit before tax | −£43,299 | −£54,442 |
| Tax | — | −£5,478 |
| Profit / loss | −£43,299 | −£48,964 |
| Operating costs | ||
| Audit fees | £21,630 | £20,800 |
| People & pay | ||
| Average employees | 6 | 6 |
| Source evidence | View filing | View filing |
From the accounts
What the accounts for 2025-12-31 say about themselves, read by AI from the scanned filing.
- Audit opinion
- Clean (unmodified)
- Immediate parent
- Pio XII Industrial Division Brit Assets S.L.
- Ultimate parent
- ACS, Actividades de Construccion y Servicios S.A.
- Ultimate controlling party
- ACS, Actividades de Construccion y Servicios S.A.
- Accounts
- IFRS
- Approved
- 2026-07-24, signed by Mr V. J Benayas, Mr C J Royo Ibanez
Related parties (2)
- Kincardine Offshore Windfarm Limited · 100% owned subsidiary · Advanced the Company for cash flow purposes · £43,000
- Kincardine Offshore Windfarm Limited · 100% owned subsidiary · Amount owed to Kincardine · £567,094
Share classes (3)
- 36,000 A1 Ordinary shares of 1p each
- 1,100 A2 Ordinary shares of 1p each
- 2,900 A3 Ordinary shares of 1p each
Contingent liabilities (2)
- In previous years, the company received grant funding which was accounted for as revenue. Under certain conditions, this grant funding may be repayable, but the directors consider that the likelihood of the Company being required to repay this is remote. Total grant funding received to date is £253,382 (2024: £253,382). No grant funding was received during the current or preceding period.
- On 12 June 2020, the Company pledged its shares in Kincardine Offshore Windfarm Limited with respect to the then £380M Bridge Facility Agreement that Kincardine Offshore Windfarm Limited entered into with various banks on that date. The carrying amount of financial assets pledged is £100. The repayment date was extended to 12 June 2029.
Secured borrowing
Registered charges, lenders and security interests.
Charges and related records
1 outstanding chargesFixed · created 2020-06-12
—
OutstandingShow 1 satisfied / released
Fixed · created 2016-04-26 · satisfied 2017-04-05
—
Satisfied