4 24 October 2024 false false false false false false false false false false true false false false false false false No description of principal activity 2023-01-01 Sage Accounts Production Advanced 2024 - FRS102_2024 xbrli:pure xbrli:shares iso4217:GBP 09459009 2023-01-01 2023-12-31 09459009 2023-12-31 09459009 2022-12-31 09459009 2022-01-01 2022-12-31 09459009 2022-12-31 09459009 2021-12-31 09459009 bus:Director1 2023-01-01 2023-12-31 09459009 core:WithinOneYear 2023-12-31 09459009 core:WithinOneYear 2022-12-31 09459009 core:AfterOneYear 2023-12-31 09459009 core:AfterOneYear 2022-12-31 09459009 core:ShareCapital 2023-12-31 09459009 core:ShareCapital 2022-12-31 09459009 core:SharePremium 2023-12-31 09459009 core:SharePremium 2022-12-31 09459009 core:RetainedEarningsAccumulatedLosses 2023-12-31 09459009 core:RetainedEarningsAccumulatedLosses 2022-12-31 09459009 bus:SmallEntities 2023-01-01 2023-12-31 09459009 bus:Audited 2023-01-01 2023-12-31 09459009 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 09459009 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09459009 bus:FullAccounts 2023-01-01 2023-12-31 09459009 core:ImmediateParent 2023-01-01 2023-12-31
COMPANY REGISTRATION NUMBER: 09459009
Celsium Limited
Filleted Financial Statements
31 December 2023
Celsium Limited
Statement of Financial Position
31 December 2023
2023
2022
Note
£
£
Current assets
Debtors
5
408,238
215,705
Cash at bank and in hand
115,568
86,358
---------
---------
523,806
302,063
Creditors: amounts falling due within one year
6
231,561
187,294
---------
---------
Net current assets
292,245
114,769
---------
---------
Total assets less current liabilities
292,245
114,769
Creditors: amounts falling due after more than one year
7
1,085,000
935,000
------------
---------
Net liabilities
( 792,755)
( 820,231)
------------
---------
Capital and reserves
Called up share capital
40
40
Share premium account
27,994
27,994
Profit and loss account
( 820,789)
( 848,265)
---------
---------
Shareholders deficit
( 792,755)
( 820,231)
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
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.
These financial statements were approved by the board of directors and authorised for issue on 24 October 2024 , and are signed on behalf of the board by:
Mr P A De Laat
Director
Company registration number: 09459009
Celsium Limited
Notes to the Financial Statements
Year ended 31 December 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is C/O Dwf Llp, 1 Scott Place, 2 Hardman Street, Manchester, M3 3AA, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 4 (2022: 4 ).
5. Debtors
2023
2022
£
£
Trade debtors
342,808
138,167
Amounts owed by group undertakings and undertakings in which the company has a participating interest
57,335
48,525
Other debtors
8,095
29,013
---------
---------
408,238
215,705
---------
---------
6. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
40,619
71,679
Amounts owed to group undertakings and undertakings in which the company has a participating interest
123,738
86,695
Social security and other taxes
19,211
3,610
Other creditors
47,993
25,310
---------
---------
231,561
187,294
---------
---------
7. Creditors: amounts falling due after more than one year
2023
2022
£
£
Amounts owed to group undertakings and undertakings in which the company has a participating interest
1,085,000
935,000
------------
---------
8. Summary audit opinion
The auditor's report dated 24 October 2024 was unqualified .
The senior statutory auditor was Steve Seifert , for and on behalf of Elliot, Woolfe & Rose Audit and Advisory Services LLP .
9. Related party transactions
The company discloses transactions with related parties which are not wholly owned within the same group. As the company is a wholly owned subsidiary of Brunel International N.V. it has taken advantage of exemptions within FRS 102 which allows the non-disclosure of intercompany transactions between wholly owned group companies.
10. Controlling party
The ultimate parent company and controlling party is Brunel International N.V a company incorporated in The Netherlands.This is the parent of the largest group in which the company's financials are consolidated. Copies of the group financial of Brunel International N.V are available from its registered office, John M. Keynesplein 33, 1066 EP, Amsterdam. The immediate parent undertaking is Brunel Energy Holdings B.V. This is the parent of the smallest group in which the financial statements are consolidated. Copies of consolidated financial statements are available from its registered office, John M. Keynesplein 33, 1066 EP, Amsterdam.