REGISTERED NUMBER: 09691561 (England and Wales)

Financial Statements for the Year Ended 31 March 2025

for

RBC Heat Company Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A Williams

E J Lyons

R Milstead

SECRETARY:

S J Keenan

REGISTERED OFFICE:

Runnymede Civic Centre

Station Road

Addlestone

Surrey

KT15 2AH

REGISTERED NUMBER:

09691561 (England and Wales)

AUDITORS:

CSL Partnership Limited

Chartered Certified Accountants

Statutory Auditors

238 Station Road

Addlestone

Surrey

KT15 2PS

CURRENT ASSETS

Debtors

4

38,416

59,088

Cash at bank

137,425

104,774

175,841

163,862

CREDITORS

Amounts falling due within one year

5

(91,823

)

(61,140

)

NET CURRENT ASSETS

84,018

102,722

TOTAL ASSETS LESS CURRENT LIABILITIES

84,018

102,722

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

84,017

102,721

SHAREHOLDERS' FUNDS

84,018

102,722

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 Board of Directors and authorised for issue on 29 December 2025 and were signed on its behalf by:

E J Lyons - Director

1.	STATUTORY INFORMATION

RBC Heat Company 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.

The financial statements have been prepared on a going concern basis as the directors have a reasonable expectation that the company has access to adequate resources to continue in operation for the foreseeable future. That reasonable expectation is based on the following;

The company's parent is owned by Runnymede Borough Council (The Council).

The Council has provided all of the funding required to enable the group (of which the company is a member) to acquire its asset base as well as providing working capital funding as required.

The Council approved the group's business plans for the period to 31 March 2028 at a formal meeting of its Corporate Management Committee on 20 April 2023. Those business plans have subsequently been updated and the group has informed the Council that it will require financing to meet its cash flow requirements on a long term basis.

A report was taken to the Council's Corporate Management Committee in March 2025 setting out, amongst other items, options for refinancing the group. Members of the Council approved the recommendations in the report and a process of due diligence is currently being conducted prior to enactment.

These financial statements do not contain any adjustments that may be needed should those recommendations not be enacted.

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.

Revenue

Revenue represents income from services provided, net of discounts and value added tax.

Revenue is measured at the fair value of the consideration receivable. The company recognises revenue when the amount of revenue can be measured reliably and when it is probable that future economic benefits will flow to the entity.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

30,676

31,277

Amounts owed by group undertakings

7,475

1,709

Other debtors

-

25,837

Prepayments

265

265

38,416

59,088

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

23,447

11,689

Amounts owed to group undertakings

11,551

11,551

VAT

1,873

9,953

Accruals and deferred income

54,952

27,947

91,823

61,140

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

The Report of the Auditors was unqualified.

Andrew John Lane (Senior Statutory Auditor)

for and on behalf of CSL Partnership Limited

7.	ULTIMATE CONTROLLING PARENT

The ultimate controlling parent is RBC Investments (Surrey) Ltd.

(Registered office: Runnymede Civic Centre, Station Road, Addlestone Surrey KT15 2AH).