REGISTERED NUMBER: 11262413 (England)

Financial Statements

for the Year Ended 31 December 2024

for

Aquatherm U.K. Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

M J Cutting

REGISTERED OFFICE:

Unit 9

Saracen Close

Gillingham Business Park

Gillingham

Kent

ME8 0QN

REGISTERED NUMBER:

11262413 (England)

SENIOR STATUTORY AUDITOR:

Caroline Peverett BA FCA

AUDITORS:

Tuerner Audit Limited

Bridge House

Old Grantham Road

Whatton

Nottingham

NG13 9FG

FIXED ASSETS

Tangible assets

5

89,038

141,008

CURRENT ASSETS

Stocks

722,485

566,358

Debtors

6

401,858

539,124

Cash at bank

89,611

179,200

1,213,954

1,284,682

CREDITORS

Amounts falling due within one year

7

3,651,610

3,223,262

NET CURRENT LIABILITIES

(2,437,656

)

(1,938,580

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(2,348,618

)

(1,797,572

)

CREDITORS

Amounts falling due after more than one year

8

3,667

13,427

NET LIABILITIES

(2,352,285

)

(1,810,999

)

CAPITAL AND RESERVES

Called up share capital

10

1

1

Retained earnings

(2,352,286

)

(1,811,000

)

SHAREHOLDERS' FUNDS

(2,352,285

)

(1,810,999

)

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 September 2025 and were signed by:

M J Cutting - Director

1.	STATUTORY INFORMATION

Aquatherm U.K. Limited is a private company, limited by shares , registered in England. The company's registered number and registered office address can be found on the Company Information page.

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

2.	STATEMENT OF COMPLIANCE

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

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared under the going concern concept due to the fact that the company has the continued support of the group. The director has been given assurance that this support will continue for the foreseeable future.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover represents the following items:

Invoices raised, excluding value added tax for the sale of goods, parts and prefabricated items, and;

The value of work done determined by reference to the stage of completion of contracts for the installation of goods, parts and prefabricated items.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Land and buildings

- 10% on cost

Fixtures and fittings

- 25% on cost

Computer equipment

- 25% and 33% on cost

Motor Vehicles

- 25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2024

87,796

180,211

268,007

Additions

-

5,195

5,195

Disposals

-

(21,523

)

(21,523

)

At 31 December 2024

87,796

163,883

251,679

DEPRECIATION

At 1 January 2024

39,889

87,110

126,999

Charge for year

11,494

34,081

45,575

Eliminated on disposal

-

(9,933

)

(9,933

)

At 31 December 2024

51,383

111,258

162,641

NET BOOK VALUE

At 31 December 2024

36,413

52,625

89,038

At 31 December 2023

47,907

93,101

141,008

6.

DEBTORS

31.12.24

31.12.23

£

£

Amounts falling due within one year:

Trade debtors

205,568

325,432

Other debtors

124,456

141,858

330,024

467,290

Amounts falling due after more than one year:

Other debtors

71,834

71,834

Aggregate amounts

401,858

539,124

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

10,500

10,740

Trade creditors

84,718

67,673

Amounts owed to group undertakings

3,479,100

3,015,296

Taxation and social security

40,870

75,445

Other creditors

36,422

54,108

3,651,610

3,223,262

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

3,667

13,427

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.12.24

31.12.23

£

£

Within one year

116,187

91,244

Between one and five years

82,041

305,724

198,228

396,968

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

1

Ordinary

1

1

1

11.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Caroline Peverett BA FCA (Senior Statutory Auditor)

for and on behalf of Tuerner Audit Limited

12.	PARENT COMPANY

The company's results are included in the consolidated accounts of its immediate parent Aquatherm GmbH registered in Germany whose registered office is:

Biggen 5

57439 Attendorn

Germany

The company's ultimate parent is Aquatherm Besitzgesellschaft GmbH & Co. KG is registered in Germany,