REGISTERED NUMBER: 10465510 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

FOR

FISCHER HEAT UK LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mrs I A M Bastian Jeronimo

REGISTERED OFFICE:

5 Merchant Square

London

W2 1AY

REGISTERED NUMBER:

10465510 (England and Wales)

SENIOR STATUTORY AUDITOR:

Mr W Scales FCA FMAAT

AUDITORS:

Mark J Rees LLP Chartered Accountants

and Statutory Auditors

Granville Hall

Granville Road

Leicester

LE1 7RU

BANKERS:

Lloyds Bank plc

7 High Street

Leicester

LE1 9FS

CURRENT ASSETS

Debtors

5

3,320,103

3,111,027

Cash at bank

214,248

35,026

3,534,351

3,146,053

CREDITORS

Amounts falling due within one year

6

3,468,968

2,666,384

NET CURRENT ASSETS

65,383

479,669

TOTAL ASSETS LESS CURRENT LIABILITIES

65,383

479,669

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

65,283

479,569

65,383

479,669

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 9 December 2025 and were signed by:

Mrs I A M Bastian Jeronimo - Director

1.	STATUTORY INFORMATION

Fischer Heat UK Limited is a private company, limited by shares , registered in England and Wales. 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.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

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

Revenue comprises the fair value for the sale of goods and provision of services excluding value added taxes and represents net invoice value less estimated rebates, returns and settlement discounts.

The company supplies products to customers from its warehouses, under standard terms and conditions. In all cases revenue is recognised when the risks and rewards of ownership are transferred and this is defined to be on installation of the goods.

Tangible fixed assets

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

Computer equipment

-

25% on cost

Fixed assets are reviewed for impairment if events or changes in circumstances indicate that the carrying amount may not be recoverable or as otherwise required by relevant accounting standards.

Shortfalls between the carrying value of fixed assets and their recoverable amounts, being the higher of fair value less costs to sell and value-in-use, are recognised as impairment losses. Impairments of revalued assets are treated as a revaluation decrease. All other impairment losses are recognised in profit and loss.

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.

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors

Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Going concern

During the year ended 30 June 2025, the company incurred a loss for the year of £389,286 (2024: £730,528) and had net assets at that date of £65,383 (2024: £479,669).

The director considers the going concern basis to be appropriate due to the availability of support from the company's parent undertaking (including that undertaking not requesting repayment of any amounts owed to them by the company whilst any other creditors of the company remain unpaid, except to the extent that the company is able to discharge all its debts and liabilities as they fall due) and other mitigating actions that can be taken during that period.

The financial statements do not reflect any adjustments that would be necessary should the going concern basis not be appropriate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2024 - 14 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 July 2024

15,000

Disposals

(15,000

)

At 30 June 2025

-

DEPRECIATION

At 1 July 2024

15,000

Eliminated on disposal

(15,000

)

At 30 June 2025

-

NET BOOK VALUE

At 30 June 2025

-

At 30 June 2024

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

197,089

306,761

Amounts owed by group undertakings

2,308,669

2,061,917

Other debtors

814,345

742,349

3,320,103

3,111,027

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

386,691

95,138

Amounts owed to group undertakings

-

56,180

Taxation and social security

17,375

6,434

Other creditors

3,064,902

2,508,632

3,468,968

2,666,384

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

The Report of the Auditors was unqualified.

Mr W Scales FCA FMAAT (Senior Statutory Auditor)

for and on behalf of Mark J Rees LLP Chartered Accountants

8.	ULTIMATE CONTROLLING PARTY

In the directors' opinion, the company's ultimate parent company is Bastian Plc.

The registered address of Bastian Plc is Granville Hall, Granville Road, Leicester, Leicestershire, England, LE1 7RU and the group accounts can be found at Companies House, Crown Way, Cardiff, CF14 3UZ.

9.	PENSION COMMITMENTS

The company operates defined contribution pension schemes. The assets of the schemes are held separately from those of the group within independently administered funds. The total contributions paid in the year amounted to £2,412 (2024: £6,415). Contributions of £3,788 (2024: £3,553) were unpaid at the year end.