Kincardine Offshore Windfarm Limited
Production of electricity · Edinburgh
ActiveUnited KingdomIncorporated 2014Private Limited Company
Financial position
Accounts to 2025-12-31 · GBP · Company accounts
Net assets
—
Cash
£15,120,411
Turnover
£36,074,265
Profit / loss
−£33,525,083
Current assets
£29,072,234
Creditors < 1 year
£66,671,683
Equity
−£109,140,186
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 | −£109,140,186 | −£75,615,103 |
| Share capital | £100 | £100 |
| Retained earnings | −£109,140,286 | −£75,615,203 |
| Assets | ||
| Fixed assets | £322,420,248 | £340,644,366 |
| Intangible assets | £19,164,779 | £20,240,958 |
| Property, plant & equipment | £301,617,012 | £320,129,974 |
| Current assets | £29,072,234 | £37,741,441 |
| Cash at bank | £15,120,411 | £8,480,247 |
| Debtors | £13,951,823 | £29,261,194 |
| Liabilities | ||
| Creditors | £460,632,668 | £454,000,910 |
| Creditors within one year | £66,671,683 | £415,549,628 |
| Provisions | £7,539,901 | £7,160,400 |
| Profit & loss | ||
| Turnover | £36,074,265 | £51,115,737 |
| Cost of sales | £68,661,815 | £20,607,772 |
| Gross profit | −£32,374,730 | £30,507,965 |
| Administrative expenses | £3,539,064 | £5,192,186 |
| Other operating income | £212,820 | — |
| Operating profit | −£35,913,794 | £25,315,779 |
| Interest receivable | £134,657 | — |
| Interest payable | £8,618,224 | £29,853,746 |
| Profit before tax | −£44,397,361 | −£4,537,967 |
| Tax | −£10,872,278 | −£1,026,627 |
| Profit / loss | −£33,525,083 | −£3,511,340 |
| Operating costs | ||
| Depreciation | £18,512,962 | £18,518,863 |
| Amortisation | £1,060,281 | £982,899 |
| Audit fees | £64,892 | £60,850 |
| Cash flow | ||
| Cash from operations | £43,371,567 | £33,086,484 |
| 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.
- Auditor
- Deloitte LLP
- Immediate parent
- Pilot Offshore Renewables Limited
- Ultimate parent
- ACS, Actividades de Construcción y Servicios S.A.
- Ultimate controlling party
- ACS, Actividades de Construcción y Servicios S.A.
- Accounts
- IFRS
- Approved
- signed by Mr V. Benayas Huertas, Mr C J Royo Ibanez
Turnover by segment (4)
- Market sale revenue: 7,628,275 (2025-12-31)
- ROC revenue: 28,445,990 (2025-12-31)
- Market sale revenue: 10,003,354 (2024-12-31)
- ROC revenue: 41,112,383 (2024-12-31)
Related parties (17)
- Dragados SA UK Branch · related party · Purchases from related parties · 444,447
- Dragados SA UK Branch · related party · Purchases from related parties · 328,855
- Pio XII Industrial Division Brit Assets SL · related party · Amounts owed to related parties · 27,897,880
- Pio XII Industrial Division Brit Assets SL · related party · Amounts owed to related parties · 26,939,534
- Road management (A13) · related party · Amounts owed by related parties · 315,573
- Road management (A13) · related party · Amounts owed by related parties · 356,391
- Stonnefort Insurance SA · related party · Amounts owed by related parties · 1,370,284
- Dragados Concessions Ltd. · related party · Amounts owed by related parties · 856,026
- Call-in Homecare Ltd. · related party · Amounts owed by related parties · 682,525
- Dala Care Ltd. · related party · Amounts owed by related parties · 312,810
- Merseycare Julie Ann Ltd. · related party · Amounts owed by related parties · 60,692
- Perfect Care Ltd. · related party · Amounts owed by related parties · 132,787
- Road Management Services (A13) Operations Ltd. · related party · Amounts owed by related parties · 86,487
- Hochtief (UK) Construction Ltd. · related party · Amounts owed by related parties · 1,522,111
- Hochtief PPP Solutions (UK)Ltd. · related party · Amounts owed by related parties · 422,998
- Pilot Offshore Renewables Limited · related party · Amounts owed by related parties · 567,093
- Pilot Offshore Renewables Limited · related party · Amounts owed by related parties · 524,093
Share classes (1)
- 100 ordinary shares Ordinary of £1 each
Events after the year end (2)
- No post balance sheet events have been identified that could impact on the company in 2025 up to the date that financial statements are executed.
- No subsequent events to be reported.
Secured borrowing
Registered charges, lenders and security interests.
Charges and related records
0 outstanding chargesNo charges available in our records.