Silverfin false false 30/04/2025 01/05/2024 30/04/2025 P A Casey 01/07/2000 M J Faulkner 01/07/2025 01/07/2000 18 August 2025 The principal activity of the company continued to be the sale and maintenance of swimming pool equipment. 03329457 2025-04-30 03329457 bus:Director1 2025-04-30 03329457 bus:Director2 2025-04-30 03329457 2024-04-30 03329457 core:CurrentFinancialInstruments 2025-04-30 03329457 core:CurrentFinancialInstruments 2024-04-30 03329457 core:Non-currentFinancialInstruments 2025-04-30 03329457 core:Non-currentFinancialInstruments 2024-04-30 03329457 core:ShareCapital 2025-04-30 03329457 core:ShareCapital 2024-04-30 03329457 core:RetainedEarningsAccumulatedLosses 2025-04-30 03329457 core:RetainedEarningsAccumulatedLosses 2024-04-30 03329457 core:Goodwill 2024-04-30 03329457 core:Goodwill 2025-04-30 03329457 core:LandBuildings 2024-04-30 03329457 core:PlantMachinery 2024-04-30 03329457 core:Vehicles 2024-04-30 03329457 core:FurnitureFittings 2024-04-30 03329457 core:LandBuildings 2025-04-30 03329457 core:PlantMachinery 2025-04-30 03329457 core:Vehicles 2025-04-30 03329457 core:FurnitureFittings 2025-04-30 03329457 bus:OrdinaryShareClass1 2025-04-30 03329457 2024-05-01 2025-04-30 03329457 bus:FilletedAccounts 2024-05-01 2025-04-30 03329457 bus:SmallEntities 2024-05-01 2025-04-30 03329457 bus:AuditExemptWithAccountantsReport 2024-05-01 2025-04-30 03329457 bus:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 03329457 bus:Director1 2024-05-01 2025-04-30 03329457 bus:Director2 2024-05-01 2025-04-30 03329457 core:Goodwill core:TopRangeValue 2024-05-01 2025-04-30 03329457 core:Goodwill 2024-05-01 2025-04-30 03329457 core:LandBuildings core:TopRangeValue 2024-05-01 2025-04-30 03329457 core:PlantMachinery 2024-05-01 2025-04-30 03329457 core:Vehicles 2024-05-01 2025-04-30 03329457 core:FurnitureFittings 2024-05-01 2025-04-30 03329457 2023-05-01 2024-04-30 03329457 core:LandBuildings 2024-05-01 2025-04-30 03329457 core:Non-currentFinancialInstruments 2024-05-01 2025-04-30 03329457 bus:OrdinaryShareClass1 2024-05-01 2025-04-30 03329457 bus:OrdinaryShareClass1 2023-05-01 2024-04-30 03329457 1 2024-05-01 2025-04-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 03329457 (England and Wales)

CENTRAL HEAT PUMPS LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 30 APRIL 2025
PAGES FOR FILING WITH THE REGISTRAR

CENTRAL HEAT PUMPS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 APRIL 2025

Contents

CENTRAL HEAT PUMPS LIMITED

COMPANY INFORMATION

FOR THE FINANCIAL YEAR ENDED 30 APRIL 2025
CENTRAL HEAT PUMPS LIMITED

COMPANY INFORMATION (continued)

FOR THE FINANCIAL YEAR ENDED 30 APRIL 2025
DIRECTOR P A Casey
M J Faulkner (Resigned 01 July 2025)
SECRETARY P A Casey
REGISTERED OFFICE 264 Banbury Road
Oxford
OX2 7DY
United Kingdom
BUSINESS ADDRESS Unit 10a
Granville Way
Bicester
Oxfordshire
OX26 4JT
COMPANY NUMBER 03329457 (England and Wales)
ACCOUNTANT Shaw Gibbs Limited
264 Banbury Road
Oxford
OX2 7DY
United Kingdom
CENTRAL HEAT PUMPS LIMITED

BALANCE SHEET

AS AT 30 APRIL 2025
CENTRAL HEAT PUMPS LIMITED

BALANCE SHEET (continued)

AS AT 30 APRIL 2025
Note 2025 2024
£ £
Fixed assets
Tangible assets 5 84,301 239,483
84,301 239,483
Current assets
Stocks 100,000 80,000
Debtors 6 71,592 84,724
Cash at bank and in hand 521,800 376,304
693,392 541,028
Creditors: amounts falling due within one year 7 ( 222,130) ( 298,294)
Net current assets 471,262 242,734
Total assets less current liabilities 555,563 482,217
Creditors: amounts falling due after more than one year 8 ( 13,885) ( 70,251)
Provision for liabilities ( 21,075) ( 11,275)
Net assets 520,603 400,691
Capital and reserves
Called-up share capital 9 100 100
Profit and loss account 520,503 400,591
Total shareholders' funds 520,603 400,691

For the financial year ending 30 April 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Central Heat Pumps Limited (registered number: 03329457) were approved and authorised for issue by the Director on 18 August 2025. They were signed on its behalf by:

P A Casey
Director
CENTRAL HEAT PUMPS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 APRIL 2025
CENTRAL HEAT PUMPS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 APRIL 2025
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Central Heat Pumps Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 264 Banbury Road, Oxford, OX2 7DY, United Kingdom. The principal place of business is Unit 10a, Granville Way, Bicester, Oxfordshire, OX26 4JT.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

Taxation

Current tax
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.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 10 years straight line
Goodwill

Goodwill arises on business combination and represents any excess of consideration given over the fair value of the identifiable assets and liabilities acquired. Goodwill is initially recognised as an intangible asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis over its useful economic life, which is [number] years.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings 50 years straight line
Plant and machinery 25 % reducing balance
Vehicles 25 % reducing balance
Fixtures and fittings 25 % reducing balance

Depreciation methods, useful lives and residual values are reviewed at each balance sheet date. The selection of these residual values and estimated lives requires the exercise of judgement. The directors are required to assess whether there is an indication of impairment to the carrying value of assets. In making that assessment, judgements are made in estimating value in use. The directors consider that the individual carrying values of assets are supportable by their value in use.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

2. Employees

2025 2024
Number Number
Monthly average number of persons employed by the Company during the year, including the director 11 10

3. Dividends on equity shares

2025 2024
£ £
Amounts recognised as distributions to equity holders in the financial year:
Final dividend for the financial year ended 30 April 2025 of £36.50 (2024: £81.17) per ordinary share 43,800 97,400

4. Intangible assets

Goodwill Total
£ £
Cost
At 01 May 2024 100,000 100,000
At 30 April 2025 100,000 100,000
Accumulated amortisation
At 01 May 2024 100,000 100,000
At 30 April 2025 100,000 100,000
Net book value
At 30 April 2025 0 0
At 30 April 2024 0 0

5. Tangible assets

Land and buildings Plant and machinery Vehicles Fixtures and fittings Total
£ £ £ £ £
Cost
At 01 May 2024 247,941 19,084 108,469 29,615 405,109
Additions 0 0 55,776 325 56,101
Disposals ( 247,941) 0 0 0 ( 247,941)
At 30 April 2025 0 19,084 164,245 29,940 213,269
Accumulated depreciation
At 01 May 2024 53,551 19,032 69,998 23,045 165,626
Charge for the financial year 0 13 15,194 1,686 16,893
Disposals ( 53,551) 0 0 0 ( 53,551)
At 30 April 2025 0 19,045 85,192 24,731 128,968
Net book value
At 30 April 2025 0 39 79,053 5,209 84,301
At 30 April 2024 194,390 52 38,471 6,570 239,483

6. Debtors

2025 2024
£ £
Trade debtors 60,671 77,178
Prepayments 10,921 7,546
71,592 84,724

7. Creditors: amounts falling due within one year

2025 2024
£ £
Bank loans 0 5,825
Trade creditors 11,572 10,225
Amounts owed to director 97,149 115,321
Accruals and deferred income 65,590 88,963
Corporation tax 16,258 42,204
Other taxation and social security 23,131 30,527
Obligations under finance leases and hire purchase contracts 4,731 0
Other creditors 3,699 5,229
222,130 298,294

8. Creditors: amounts falling due after more than one year

2025 2024
£ £
Bank loans 0 70,251
Obligations under finance leases and hire purchase contracts 13,885 0
13,885 70,251

There are no amounts included above in respect of which any security has been given by the small entity.

The company's bank loans in the prior year were secured by a fixed charge over the business premises.

9. Called-up share capital

2025 2024
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

10. Financial commitments

Commitments

2025 2024
£ £
Total future minimum lease payments under non-cancellable operating lease 228,546 0

11. Related party transactions

Included in other creditors is £39,833 (2024: £53,158) owed to a director. This amount is unsecured and interest free with no fixed repayment terms. During the year this director introduced funds of £1,079 (2024: £Nil) and withdrew funds of £14,404 (2024: £7,227).

Included in other creditors is £57,316 (2024: £62,163) owed to a director. This amount is unsecured and interest free with no fixed repayment terms. During the year this director introduced funds of £Nil (2024: £Nil) and withdrew funds of £4,847 (2024: £16,689).

12. Events after the Balance Sheet date

On 30 June 2025 the company purchased 50 ordinary £1 shares from a director and their spouse for consideration totalling £354,500. Following the purchase by the company these shares were then cancelled.