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Registration number: 01869764

Orostream Air Conditioning Limited Unaudited Financial Statements for the Year Ended 30 April 2025
Brebners Chartered Accountants 1 Suffolk Way Sevenoaks Kent TN13 1YL

Orostream Air Conditioning Limited

Statement of Financial Position as at 30 April 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 5 | 350,241 | 255,982
Current assets |  |  |
Debtors | 6 | 292,275 | 489,179
Cash at bank and in hand |  | 1,381,795 | 683,242
|  | 1,674,070 | 1,172,421
Creditors: Amounts falling due within one year | 7 | (948,746) | (1,010,543)
Net current assets |  | 725,324 | 161,878
Total assets less current liabilities |  | 1,075,565 | 417,860
Creditors: Amounts falling due after more than one year | 7 | (49,480) | (11,600)
Provisions for liabilities |  | (48,710) | (25,145)
Net assets |  | 977,375 | 381,115
Capital and reserves |  |  |
Called up share capital |  | 133 | 100
Share premium reserve |  | 153,717 | -
Revaluation reserve |  | 56,000 | 56,000
Retained earnings |  | 767,525 | 325,015
Shareholders' funds |  | 977,375 | 381,115

For the financial year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

The directors of Orostream Air Conditioning Limited have elected not to include a copy of the Income Statement within the financial statements, in accordance with the special provisions relating to companies subject to the small companies regime within the Companies Act 2006, s444.

Orostream Air Conditioning Limited

Statement of Financial Position as at 30 April 2025

Approved and authorised by the Board on 9 January 2026 and signed on its behalf by:

.........................................

M C Fayd'herbe De Maudave

Director

Company registration number: 01869764

Orostream Air Conditioning Limited

Notes to the Financial Statements for the Year Ended 30 April 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Aircon Works
Park Road
Crowborough
East Sussex
TN6 2QT

The principal activity of the company is that of the installation and servicing of air conditioning.

2 | Accounting policies

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' Section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented.

Going concern

The company made a profit for the year ended 30 April 2025 and had net assets at that date amounting to £977,375 including cash at bank of £1,381,795.
The company continues to trade profitably and the directors do not believe the current economic conditions will have a significant effect on the company.
After making enquires and taking into account the above, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of value added tax, returns, rebates and discounts.
The company recognises revenue from the installation and servicing of air conditioning units upon completion of the work required. Revenue from service contracts is recognised evenly over the contract period.

Orostream Air Conditioning Limited

Notes to the Financial Statements for the Year Ended 30 April 2025

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Intangible assets

Intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Website Development | 5 years straight line

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Freehold Property | 2% straight line
Fixtures & Fittings | 25% reducing balance
Motor Vehicles | 25% reducing balance

The directors consider that the residual value of the freehold buildings is such that no material depreciation charge arises.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Orostream Air Conditioning Limited

Notes to the Financial Statements for the Year Ended 30 April 2025

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Hire purchase obligations

Assets held under hire purchase contracts are capitalised at the lesser of fair value or present value of minimum lease payments in the statement of financial position. The present value of the minimum lease payments is calculated using the interest rate implicit in the lease. A corresponding liability is recognised at the same value in the statement of financial position. The asset is then depreciated over its useful life.
The minimum lease payments are apportioned between the finance charge recognised in the income statement and the reduction of the outstanding liability using the effective interest method. The finance charge in each period is allocated so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company during the year, was 19 (2024 - 14).

Orostream Air Conditioning Limited

Notes to the Financial Statements for the Year Ended 30 April 2025

4 | Intangible assets

| Website Development £ | Total £
Cost or valuation
At 1 May 2024 | 23,039 | 23,039
Disposals | (23,039) | (23,039)
At 30 April 2025 | - | -
Amortisation
At 1 May 2024 | 23,039 | 23,039
Amortisation eliminated on disposals | (23,039) | (23,039)
At 30 April 2025 | - | -
Carrying amount
At 30 April 2025 | - | -

5 | Tangible assets

| Freehold Property £ | Fixtures & Fittings £ | Motor Vehicles £ | Total £
Cost or valuation
At 1 May 2024 | 225,000 | 10,367 | 125,271 | 360,638
Additions | - | 12,466 | 94,981 | 107,447
At 30 April 2025 | 225,000 | 22,833 | 220,252 | 468,085
Depreciation
At 1 May 2024 | - | 1,680 | 102,976 | 104,656
Charge for the year | - | 3,657 | 9,531 | 13,188
At 30 April 2025 | - | 5,337 | 112,507 | 117,844
Carrying amount
At 30 April 2025 | 225,000 | 17,496 | 107,745 | 350,241
At 30 April 2024 | 225,000 | 8,687 | 22,295 | 255,982

Orostream Air Conditioning Limited

Notes to the Financial Statements for the Year Ended 30 April 2025

6 | Debtors

| 2025 £ | 2024 £
Trade debtors | 129,470 | 369,079
Amounts owed by group undertakings | - | 89,844
Other debtors | 162,805 | 30,256
| 292,275 | 489,179

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 8 | 34,021 | 10,000
Trade creditors |  | 371,986 | 610,046
Amounts owed to group undertakings |  | 28,382 | 40,928
Taxation and social security |  | 152,791 | 269,669
Other creditors |  | 361,566 | 79,900
|  | 948,746 | 1,010,543

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Loans and borrowings | 8 | 49,480 | 11,600

Orostream Air Conditioning Limited

Notes to the Financial Statements for the Year Ended 30 April 2025

8 | Loans and borrowings

| 2025 £ | 2024 £
Current loans and borrowings
Bank loans | 10,000 | 10,000
Hire purchase obligations | 24,021 | -
| 34,021 | 10,000

| 2025 £ | 2024 £
Non-current loans and borrowings
Bank loans | 1,600 | 11,600
Hire purchase obligations | 47,880 | -
| 49,480 | 11,600

Bank loans and overdrafts are secured by a fixed charge over the freehold property shown in note 6 and a fixed and floating charge over the other assets and undertakings of the company.
Obligations under hire purchase contracts are secured on the assets involved.

9 | Related party transactions

Exemption has been taken under FRS 102 IAC.35 not to disclose transactions with companies wholly owned within the group.