A Shade Greener (F2) Ltd

The directors present their annual report and financial statements for the year ended 31 December 2024. Principal activities The principal activity of A Shade Greener (F2) Limited ("the Company") continued to be that of the production of electricity. The Company has an operational portfolio of 2,146 rooftop solar systems in and around the Sheffield area which were installed between April 2011 and October 2011. A 25 year lease has been granted to the Company by the householder for the roof of each installation site, an arrangement which passes to the new owner in the event the property is sold. The main source of income from these installations is the government backed feed in tariff ('FIT') and export tariff ('ET'), both of which are currently protected by UK government legislation and are increased annually in line with the Retail Price Index ('RPI') increases. All income is paid by the FIT licensee, based upon the generation data figures for each installation. Operations and maintenance costs are also fixed under long term contracts. Business review Revenue is based on the output of electricity generated which is contingent on the intensity and duration of sunlight received. During the period energy generation has been in line with expectations as determined by the industry standard PVgis forecasting tools. Revenue is relatively fixed in real terms as no further systems are to be added by the Company, household leases are for a 25 year period, and both the FIT and ET are currently protected by UK government legislation and are subject to annual Retail Price Index ('RPI') increases. The Company also has relatively fixed expenses as maintenance, repairs and replacements are provided for an annual maintenance fee on a per system basis, subject to annual indexation adjustments. This is governed by an operation and maintenance service agreement which ensures the continued availability of all systems. Finance costs are also stable having structured fixed loan repayment terms on the loan from a commercial loan provider. The Company's profit for the year after taxation was £3,258,027 (2023: £2,609,777). In view of the above factors and considering the credit risk relating to the FIT licensee is low, the Company is concluded to have minimal risks and uncertainties and has performed to expectations during the year. Future developments Other than continuing operations there are presently no plans to expand the operations of the Company nor are there any undertakings of research and development. There have been no significant events since the balance sheet date to the date of signing of the Annual Report and Financial Statements. Going Concern The Company has made a profit in the year of £3,258,027 (2023: £2,609,777) and has net current assets of £17,054,271 (2023: £17,160,457) and net assets of £3,368,313 (2023: £2,610,286) at the balance sheet date. The Directors have prepared cash flow forecasts for a period of 12 months from the date of approval of these financial statements which indicate that, taking account of reasonably possible downsides, the Company will have sufficient funds to meet its liabilities as they fall due for that period. For these reasons, the directors have adopted the going concern basis in preparing these financial statements.