REGISTERED NUMBER: |
Financial Statements For The Year Ended 30 September 2024 |
for |
Hydro Innovations Limited |
REGISTERED NUMBER: |
Financial Statements For The Year Ended 30 September 2024 |
for |
Hydro Innovations Limited |
Hydro Innovations Limited (Registered number: SC668702) |
Contents of the Financial Statements |
For The Year Ended 30 September 2024 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 3 |
Hydro Innovations Limited |
Company Information |
For The Year Ended 30 September 2024 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Regent Court |
70 West Regent Street |
Glasgow |
G2 2QZ |
Hydro Innovations Limited (Registered number: SC668702) |
Statement of Financial Position |
30 September 2024 |
2024 | 2023 |
Notes | £ | £ |
CURRENT ASSETS |
Cash in hand |
CREDITORS |
Amounts falling due within one year | 4 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CAPITAL AND RESERVES |
Called up share capital | 5 |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
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 were approved by the Board of Directors and authorised for issue on |
Hydro Innovations Limited (Registered number: SC668702) |
Notes to the Financial Statements |
For The Year Ended 30 September 2024 |
1. | STATUTORY INFORMATION |
Hydro Innovations Limited 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. |
The principal activity of the company is to operate under a technology license from GM Innovations Limited to exploit the GM Innovations Limited technologies in the field of water purification. |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The directors have identified that there are no key estimates and judgements applied in the preparation of the financial statements. |
Financial instruments |
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss. |
Cash and cash equivalents |
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Amounts owed to group undertakings |
5. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2024 | 2023 |
value: | £ | £ |
Ordinary Shares | £1 | 1,000 | 1,000 |
Ordinary shares have attached to them full voting rights but no right to a fixed income. |
Hydro Innovations Limited (Registered number: SC668702) |
Notes to the Financial Statements - continued |
For The Year Ended 30 September 2024 |
6. | ULTIMATE CONTROLLING PARTY |
The ultimate controlling party is |
In the opinion of the Directors, the ultimate parent company is Barwell Plc, a company incorporated in Scotland. The registered office address is 97 West Regent Street, Glasgow, G2 2BA. Copies of the parent company accounts are available from the Registrar of Companies. |