For the financial period ended 31 March 2025 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The Company changed its name from OFFTBT Limited on the 28th of February 2025 to Nicholls Boreholes and Ground Source Limited.

Nicholls Boreholes and Ground Source Limited (Formerly OFFTBT Limited) is a private company limited by shares incorporated in England and Wales. The registered office is Brownings Barn, Glasshouse Lane, Kirdford, Billingshurst, West Sussex, RH14 0LW.

The company changed its financial year end to the 31st March for operational reasons, in that it makes its financial reporting easier and consistent with other related companies.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The company has not traded from the date of incorporation on 23 May 2024 to the end of the financial period. During this time, the company received no income and incurred no expenditure and therefore no Profit and loss account is presented in these financial statements.

The average monthly number of persons (including directors) employed by the company during the period was: