COMPANY REGISTRATION NUMBER:
09459009
|
Filleted Financial Statements |
|
|
Statement of Financial Position |
|
31 March 2025
|
31 Mar 25 |
31 Dec 23 |
|
Note |
£ |
£ |
|
|
|
Current assets
|
Debtors |
5 |
17,503 |
408,238 |
|
Cash at bank and in hand |
274,877 |
115,568 |
|
--------- |
--------- |
|
292,380 |
523,806 |
|
|
|
|
|
Creditors: amounts falling due within one year |
6 |
31,901 |
231,561 |
|
--------- |
--------- |
|
Net current assets |
260,479 |
292,245 |
|
--------- |
--------- |
|
Total assets less current liabilities |
260,479 |
292,245 |
|
|
|
|
|
Creditors: amounts falling due after more than one year |
7 |
1,065,000 |
1,085,000 |
|
------------ |
------------ |
|
Net liabilities |
(
804,521) |
(
792,755) |
|
------------ |
------------ |
|
|
|
|
Capital and reserves
|
Called up share capital |
40 |
40 |
|
Share premium account |
27,994 |
27,994 |
|
Profit and loss account |
(
832,555) |
(
820,789) |
|
--------- |
--------- |
|
Shareholders deficit |
(
804,521) |
(
792,755) |
|
--------- |
--------- |
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
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 were approved by the
board of directors
and authorised for issue on
18 December 2025
, and are signed on behalf of the board by:
Company registration number:
09459009
|
Notes to the Financial Statements |
|
Period from 1 January 2024 to 31 March 2025
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is
Celsium Limited
, C/O Dwf Llp, 1 Scott Place, 2 Hardman Street, Manchester, M3 3AA.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4.
Employee numbers
The average number of persons employed by the company during the period amounted to
4
(2023:
4
).
5.
Debtors
|
31 Mar 25 |
31 Dec 23 |
|
£ |
£ |
|
Trade debtors |
15,618 |
342,808 |
|
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
1,885 |
57,335 |
|
Other debtors |
– |
8,095 |
|
-------- |
--------- |
|
17,503 |
408,238 |
|
-------- |
--------- |
|
|
|
6.
Creditors:
amounts falling due within one year
|
31 Mar 25 |
31 Dec 23 |
|
£ |
£ |
|
Trade creditors |
215 |
40,619 |
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
– |
123,738 |
|
Social security and other taxes |
1,031 |
19,211 |
|
Other creditors |
30,655 |
47,993 |
|
-------- |
--------- |
|
31,901 |
231,561 |
|
-------- |
--------- |
|
|
|
7.
Creditors:
amounts falling due after more than one year
|
31 Mar 25 |
31 Dec 23 |
|
£ |
£ |
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
1,065,000 |
1,085,000 |
|
------------ |
------------ |
|
|
|
8.
Summary audit opinion
The auditor's report dated
18 December 2025
was
unqualified
.
The senior statutory auditor was
Stephen Seifert
, for and on behalf of
Elliot, Woolfe & Rose Audit and Advisory Services LLP
.
9.
Related party transactions
The company discloses transactions with related parties which are not wholly owned within the same group. As the company is a wholly owned subsidiary of
Brunel International N.V
. it has taken advantage of exemptions within FRS 102 which allows the non-disclosure of intercompany transactions between wholly owned group companies.
10.
Controlling party
The ultimate parent company and controlling party is
Brunel International N.V
a company incorporated in The Netherlands.This is the parent of the largest group in which the company's financials are consolidated. Copies of the group financial of Brunel International N.V are available from its registered office, John M. Keynesplein 33, 1066 EP, Amsterdam. The immediate parent undertaking is Brunel Energy Holdings B.V. This is the parent of the smallest group in which the financial statements are consolidated. Copies of consolidated financial statements are available from its registered office, John M. Keynesplein 33, 1066 EP, Amsterdam.