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Registered number: 1331830









HYDROWATT SYSTEMS LIMITED







UNAUDITED

 FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
HYDROWATT SYSTEMS LIMITED
REGISTERED NUMBER: 1331830

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
47
47

  
47
47

Current assets
  

Debtors: amounts falling due within one year
 5 
486
486

  
486
486

Creditors: amounts falling due within one year
 6 
(480)
(480)

Net current assets
  
 
 
6
 
 
6

Total assets less current liabilities
  
53
53

  

Net assets
  
53
53


Capital and reserves
  

Called up share capital 
 7 
10,000
10,000

Profit and loss account
  
(9,947)
(9,947)

  
53
53


For the year ended 31 December 2023 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

Members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the income statement in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 2 September 2024.

R Frey
Director

The notes on pages 2 to 3 form part of these financial statements.

Page 1

 
HYDROWATT SYSTEMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Hydrowatt Systems Limited is a private company limited by shares and domiciled in England and Wales. The registered office is at 59/60 Russell Square, London WC1B 4HP.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

  
2.2

Intangible assets

IIntangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses....

 
2.3

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.4

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.5

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

Page 2

 
HYDROWATT SYSTEMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Intangible assets




Patents

£



Cost


At 1 January 2023
47



At 31 December 2023

47






Net book value



At 31 December 2023
47



At 31 December 2022
47




5.


Debtors

2023
2022
£
£


Other debtors
486
486



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Accruals and deferred income
480
480



7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



10,000 (2022 - 10,000) Ordinary shares of £1.00 each
10,000
10,000



8.


Controlling party

The ultimate holding company is Hydrowatt AG  incorporated in Switzerland.

Page 3