Breathe Asset Management Services Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: 10558969

		2024		2023
	Notes	£	£	£	£
CURRENT ASSETS
Debtors	4	2		2

		2		2
NET CURRENT ASSETS (LIABILITIES)			2		2

TOTAL ASSETS LESS CURRENT LIABILITIES			2		2

NET ASSETS			2		2

CAPITAL AND RESERVES
Called up share capital	5		2		2

SHAREHOLDERS' FUNDS			2		2

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

J P Kershaw

Director

16 September 2025

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

Breathe Asset Management Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10558969 . The registered office is 3rd Floor, Twenty, 20 Kingston Road, Staines-Upon-Thames, Middlesex, TW18 4LG.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

The presentation currency of the financial statements is the Pound Sterling (£).

2.2. Financial Instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. The company only holds basic financial instruments at amortised cost and none at fair value.

2.3. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2023: NIL)

4. Debtors

	2024	2023
	£	£
Due within one year
Other debtors	2	2

5. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	2	2

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Breathe Asset Management Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

6. Ultimate Controlling Party

The controlling party is Dalkia Energy Services Limited, a company incorporated in England.

In the opinion of the director, the company's ultimate parent company and ultimate controlling party is Èlectricitè de France S.A. a company incorporated in France.

The parent undertaking of the largest group, which includes the company and for which group accounts are prepared, is Èlectricitè de France S.A. a company incorporated in France. Copies of the group financial statements of Èlectricitè de France S.A. are available from the Registre du Commerce, Infogreffe, 5-7 Avenue de Paris, 94300, Vincennes, France.

The parent undertaking of the smallest such group is Dalkia Group Limited, a company incorporated in England and Wales. Copies of the group financial statements of Dalkia Group Limited are available from the Registrar of Companies, Companies House, Crown Way, Cardiff, CF14 3UZ.

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