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REGISTERED NUMBER: SC604910 (Scotland)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Thermohaus Ltd

Thermohaus Ltd (Registered number: SC604910)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Thermohaus Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: P J Body
J N Miller





SECRETARY:





REGISTERED OFFICE: Braemara
Scarfskerry
Thurso
United Kingdom
Caithness
KW14 8XW





REGISTERED NUMBER: SC604910 (Scotland)





ACCOUNTANTS: Reid & Fraser
Chartered Accountants
15 Princes Street
Thurso
Caithness
KW14 7BQ

Thermohaus Ltd (Registered number: SC604910)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 - 275

CURRENT ASSETS
Debtors 5 709 6,951
Cash at bank 26,912 47,522
27,621 54,473
CREDITORS
Amounts falling due within one year 6 (25,441 ) (71,405 )
NET CURRENT ASSETS/(LIABILITIES) 2,180 (16,932 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,180

(16,657

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,080 (16,757 )
SHAREHOLDERS' FUNDS 2,180 (16,657 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 20 November 2024 and were signed on its behalf by:





P J Body - Director


Thermohaus Ltd (Registered number: SC604910)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Thermohaus Ltd is a private company, limited by shares , registered in Scotland. 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.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

INTANGIBLE ASSETS
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of four years.

Website development costs are being amortised evenly over their estimated useful life of four years.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

Thermohaus Ltd (Registered number: SC604910)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2023
and 31 March 2024 10,512
AMORTISATION
At 1 April 2023 10,237
Charge for year 275
At 31 March 2024 10,512
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 275

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 660 -
Other debtors 49 6,951
709 6,951

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 119 119
Amounts owed to group undertakings 19,070 29,032
Other creditors 6,252 42,254
25,441 71,405

Other creditors includes £5,552 (2023 - 402) in respect of taxation and social security.

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Braemara Ltd, which owns 75% of the issued share capital.