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Registration number: 11377287

London & Surrey Gas Heating Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 June 2024

 

London & Surrey Gas Heating Limited

Contents

Company Information

1

Statement of Financial Position

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

London & Surrey Gas Heating Limited

Company Information

Directors

S Catling

M Sirhan

M Owens

Registered office

423 Kingston Road
London
SW20 8JR

Accountants

Shaw Gibbs Limited
Salatin House
19 Cedar Road
Sutton
Surrey
SM2 5DA

 

London & Surrey Gas Heating Limited

(Registration number: 11377287)
Statement of Financial Position as at 30 June 2024

Note

2024
£

2023
£

Non-current assets

 

Investments

4

413,055

-

Current assets

 

Cash at bank and in hand

 

3

1

Payables: Amounts falling due within one year

5

(413,055)

-

Net current (liabilities)/assets

 

(413,052)

1

Net assets

 

3

1

Equity

 

Called up share capital

8

3

1

Shareholders' funds

 

3

1

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A - small entities.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income statement.

The financial statements of London & Surrey Gas Heating Limited were approved and authorised for issue by the Board on 21 February 2025 and signed on its behalf by:
 

.........................................

S Catling
Director

 

London & Surrey Gas Heating Limited

(Registration number: 11377287)
Statement of Financial Position as at 30 June 2024 (continued)

.........................................

M Sirhan
Director

.........................................

M Owens
Director

 

London & Surrey Gas Heating Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 June 2024

1

General information

London & Surrey Gas Heating Limited (the 'company') is a private company limited by share capital, registered in England and Wales under the Companies Act. The address of the registered office is given on page 1. The nature of the company’s operations and its principal activities are set out in the directors' report on page 2.

2

Accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

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

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The functional currency of the company is considered to be pound sterling (£) because that is the currency of the primary economic environment in which the company operates. The financial statements are presented in pound sterling (£).

Group accounts not prepared

The company is exempt from the requirement to prepare consolidated financial statements under Companies Act 2006, s. 399(2A).

Critical judgements and key sources of estimation uncertainties

There were no key sources of estimation uncertainties or critical judgements made by the directors in the process of applying the company’s accounting policies with significant effect on the amounts recognised in the financial statements.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

London & Surrey Gas Heating Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 June 2024 (continued)

2

Accounting policies (continued)

Payables

Payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Payables are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

 

London & Surrey Gas Heating Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 June 2024 (continued)

4

Investments

2024
£

2023
£

Investments in subsidiaries

413,055

-

Subsidiaries

£

Cost or valuation

Additions

413,055

Carrying amount

At 30 June 2024

413,055

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

2024

2023

Subsidiary undertakings

London & Surrey Gas Services Limited

423 Kingston Road, London, SW20 8JR

England

Ordinary

100%

0%

Subsidiary undertakings

London & Surrey Gas Services Limited

The principal activity of London & Surrey Gas Services Limited is heating engineers.

 

London & Surrey Gas Heating Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 June 2024 (continued)

5

Payables

Payables: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

6

125,000

-

Amounts due to related parties

288,055

-

 

413,055

-

6

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Directors' loan accounts

125,000

-

7

Dividends

2024

2023

£

£

Interim dividend of £13,720.00 (2023 - £Nil) per ordinary share

41,160

-

 

 

8

Share capital and reserves

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

3

3

1

1