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REGISTERED NUMBER: 02080727 (England and Wales)



































Unaudited Financial Statements

for the Year Ended 31 December 2023

for

THERMICA LIMITED

THERMICA LIMITED (REGISTERED NUMBER: 02080727)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THERMICA LIMITED

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Pieter Van Nes
Frederique G G D Van Nes-Verraes



SECRETARY: Scale Lane Registrars Limited



REGISTERED OFFICE: Cleveland House
1-10 Sitwell Street
KINGSTON UPON HULL
East Yorkshire
HU8 7BE



REGISTERED NUMBER: 02080727 (England and Wales)



ACCOUNTANTS: G & C Professionals Limited
trading as Graham & Company
Chartered Certified Accountants
Cleveland House
1-10 Sitwell Street
KINGSTON UPON HULL
East Yorkshire
HU8 7BE



SOLICITORS: Hamers Solicitors
5 Earls Court
Priory Park East
KINGSTON UPON HULL
East Yorkshire
HU4 7DY

THERMICA LIMITED (REGISTERED NUMBER: 02080727)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,002 1,002

CURRENT ASSETS
Debtors 5 11,145 11,145
Cash at bank 20,638 12,452
31,783 23,597
CREDITORS
Amounts falling due within one year 6 2,353 8,469
NET CURRENT ASSETS 29,430 15,128
TOTAL ASSETS LESS CURRENT
LIABILITIES

30,432

16,130

CREDITORS
Amounts falling due after more than one
year

7

221,047

178,488
NET LIABILITIES (190,615 ) (162,358 )

CAPITAL AND RESERVES
Called up share capital 8 673,242 673,242
Retained earnings 9 (863,857 ) (835,600 )
SHAREHOLDERS' FUNDS (190,615 ) (162,358 )

THERMICA LIMITED (REGISTERED NUMBER: 02080727)

Balance Sheet - continued
31 December 2023


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 profit or loss 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 September 2024 and were signed on its behalf by:





Pieter Van Nes - Director


THERMICA LIMITED (REGISTERED NUMBER: 02080727)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

THERMICA LIMITED is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The financial statements have been prepared on a going concern basis which assumes the continued
support of related companies, as described in the creditors notes.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - at varying rates on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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

Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Realised profits and losses are taken into account in arriving at the operating result.

THERMICA LIMITED (REGISTERED NUMBER: 02080727)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST OR VALUATION
At 1 January 2023
and 31 December 2023 283,294
DEPRECIATION
At 1 January 2023
and 31 December 2023 282,292
NET BOOK VALUE
At 31 December 2023 1,002
At 31 December 2022 1,002

Cost or valuation at 31 December 2023 is represented by:

Plant and
machinery
£   
Cost 283,294

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 11,145 11,145

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors - 6,174
Directors' loan accounts 1,025 1,025
Accrued expenses 1,328 1,270
2,353 8,469

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Amounts owed to participating interests 221,047 178,488

The amounts owed to participating interests relate to long term loans and trade credit facilities from companies under common ownership within the trading "group".

THERMICA LIMITED (REGISTERED NUMBER: 02080727)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
523,242 Ordinary £1 523,242 523,242
150,000 5% cumulative preference £1 150,000 150,000
673,242 673,242

9. RESERVES
Retained
earnings
£   

At 1 January 2023 (835,600 )
Deficit for the year (28,257 )
At 31 December 2023 (863,857 )

10. ULTIMATE CONTROLLING PARTY

The controlling party is Dragonfire Holding Limited.