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REGISTERED NUMBER: 05796323 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

CLIMATE STRATEGIES LIMITED

CLIMATE STRATEGIES LIMITED (REGISTERED NUMBER: 05796323)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CLIMATE STRATEGIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTORS: K Neuhoff
S I Ijeoma
J Roy
S A Klinsky
F Qiao
M A Mehling





REGISTERED OFFICE: 8 Devonshire Square
London
Greater London
EC2M 4PL





REGISTERED NUMBER: 05796323 (England and Wales)





ACCOUNTANTS: Thompson Taraz Rand Audit and Assurance Limited
10 Jesus Lane
Cambridge
Cambridgeshire
CB5 8BA

CLIMATE STRATEGIES LIMITED (REGISTERED NUMBER: 05796323)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 5 138,387 110,235
Cash at bank 400,356 904,590
538,743 1,014,825
CREDITORS
Amounts falling due within one year 6 (538,743 ) (644,036 )
NET CURRENT ASSETS - 370,789
TOTAL ASSETS LESS CURRENT LIABILITIES - 370,789

CREDITORS
Amounts falling due after more than one year 7 - (370,789 )
NET LIABILITIES - -


RESERVES - -

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 July 2024 and were signed on its behalf by:




J Roy - Director


CLIMATE STRATEGIES LIMITED (REGISTERED NUMBER: 05796323)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1. STATUTORY INFORMATION

Climate Strategies Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The accounts are rounded to the nearest pound.

Financial instruments
Basic financial assets and basic financial liabilities as defined under section 11 of FRS 102, including trade and other debtors, trade and other creditors, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to surplus or deficit on a straight line basis over the period of the lease.

Turnover
Turnover represents amounts receivable by way of funding for research projects and reports.

Amounts contributed by providers of finance with respect to current and future research projects are recognised as income during the period in which the associated research costs are incurred.

The release of retained projects to the income and expenditure account is included within turnover.

Tangible fixed assets
Computer equipment with a value of £2,000 or less is written off as an expense in the year of purchase.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 7 ) .

CLIMATE STRATEGIES LIMITED (REGISTERED NUMBER: 05796323)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

5. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 995 1,393
Other debtors 129,807 101,257
130,802 102,650

Amounts falling due after more than one year:
Other debtors 7,585 7,585

Aggregate amounts 138,387 110,235

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 78,279 215,064
Taxation and social security 16,835 11,721
Other creditors 443,629 417,251
538,743 644,036

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Other creditors due in more
than one year. - 370,789
- 370,789

Other creditors due in more than year consists of £nil (2022 - £370,789) which relates to amounts contributed by funders for future defined expenditure on research projects. Although some of the costs are payable in less than one year, they have all been shown as greater than one year due to indeterminate timescales In the event of The Company ceasing, any residual funds must be distributed to organisations with the same objectives of Climate Strategies.

8. ULTIMATE CONTROLLING PARTY

The company is under the joint control of the directors.