Thames Estuary Growth Board
Annual Report and Unaudited Financial Statements
For the year ended 31 March 2025
Pages for Filing with Registrar
Company Registration No. 14676239 (England and Wales)
Thames Estuary Growth Board
Contents
Page
Balance sheet
1
Notes to the financial statements
2 - 4
Thames Estuary Growth Board
Balance Sheet
As at 31 March 2025
Page 1
2025
2024
Notes
£
£
£
£
Current assets
Debtors
3
568,424
1,301,097
Cash at bank and in hand
113,429
44,077
681,853
1,345,174
Creditors: amounts falling due within one year
4
(681,853)
(1,345,174)
Net current assets
-
0
-
0
Reserves
5
-
-

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The directors of the company have elected not to include a copy of the income and expenditure account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 19 March 2026 and are signed on its behalf by:
P Hogg
K Willard
Director
Director
Company Registration No. 14676239
Thames Estuary Growth Board
Notes to the Financial Statements
For the year ended 31 March 2025
Page 2
1
Accounting policies
Company information

Thames Estuary Growth Board is a private company limited by guarantee incorporated in England and Wales. The registered office is Pennine Place Room 206 Pennine Place, Charing Cross Road, London, United Kingdom, WC2H 0HF.

1.1
Reporting period

In the previous accounting period, the financial statements were presented for a period of more than 12 months, as the company was incorporated on 20 February 2023. Therefore, the comparative information (including the related notes) is not entirely comparable.

1.2
Accounting convention

These financial statements have been prepared in accordance with Section 1A of FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.3
Preparation of accounts on a basis other than going concern

At the balance sheet date of 31 March 2025, the directors considered the company to be a going concern, having regard to its financial position, cashflow forecasts and anticipated income.true

Subsequent to the year end, and following a further review of the company’s financial position, future commitments and strategic options, the directors resolved to recommend that the company be placed into Members’ Voluntary Liquidation (“MVL”), once all remaining contractual, operational and administrative matters have been concluded.

The directors have prepared updated cashflow forecasts and undertaken a detailed assessment of the company’s assets and liabilities. Based on this assessment, the directors are satisfied that the company will be able to settle all of its debts and liabilities in full, together with any applicable interest, prior to the commencement of the liquidation, and within 12 months of the anticipated date of liquidation, as required for a Members’ Voluntary Liquidation.

The directors consider the decision to pursue an MVL to be a non-adjusting post-balance-sheet event, and accordingly no adjustments have been made to the amounts recognised in these financial statements.

Accordingly, the financial statements have been prepared on a basis other than that of a going concern.

Thames Estuary Growth Board
Notes to the Financial Statements (Continued)
For the year ended 31 March 2025
1
Accounting policies
(Continued)
Page 3
1.4
Turnover

Grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received. Grant income, including government grants, are recognised using the accruals model.

Grants relating to turnover are recognised as income over the periods when the related costs are incurred.

Unspent grants received prior to incorporation but in relation to the ongoing activities of the company are initially recognised as deferred income and then accounted for as per the above.

Other income and expenses are included in the financial statements as they become receivable or due.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Financial instruments

The company only has basic financial instruments measured at amortised cost.

1.7
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.8
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

The average number of employees during the year was 10 (2024 - 4).

3
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
568,424
1,301,097
Thames Estuary Growth Board
Notes to the Financial Statements (Continued)
For the year ended 31 March 2025
Page 4
4
Creditors: amounts falling due within one year
2025
2024
£
£
Taxation and social security
-
0
26,744
Other creditors
681,853
1,318,430
681,853
1,345,174
5
Members' liability

The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £1.

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