COMPANY REGISTRATION NUMBER:
15446693
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The National Geothermal Centre Limited |
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Company Limited by Guarantee |
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Filleted Unaudited Financial Statements |
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The National Geothermal Centre Limited |
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Company Limited by Guarantee |
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Statement of Financial Position |
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31 January 2026
Current assets
|
Cash at bank and in hand |
65,597 |
84,969 |
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|
|
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Creditors: amounts falling due within one year |
5 |
75,138 |
86,449 |
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-------- |
-------- |
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Net current liabilities |
9,541 |
1,480 |
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------- |
------- |
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Total assets less current liabilities |
(
9,541) |
(
1,480) |
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------- |
------- |
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Capital and reserves
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Profit and loss account |
(
9,541) |
(
1,480) |
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------- |
------- |
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Members deficit |
(
9,541) |
(
1,480) |
|
------- |
------- |
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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.
For the year ending 31st January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
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The directors acknowledge their responsibilities for complying with the requirements of the Act 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
9 October 2026
, and are signed on behalf of the board by:
Company registration number:
15446693
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The National Geothermal Centre Limited |
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Company Limited by Guarantee |
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Notes to the Financial Statements |
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Year ended 31st January 2026
1.
General information
The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is Netpark Research Institute, Joseph Swan Road, Sedgefield, Stockton on Tees, TS21 3FB.
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.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax that the company is expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Financial instruments
A financial asset or a financial liability is recognised only when the entity 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.
4.
Company limited by guarantee
University of Durham
Shift Geothermal Limited
Net Zero Technology Centre Limited.
5.
Creditors:
amounts falling due within one year
|
2026 |
2025 |
|
£ |
£ |
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Other creditors |
75,138 |
86,449 |
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-------- |
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