In reply to Foxache:
Four terminals, are they not live, switched live, neutral (2 cores into this one) and earth (again, 2 cores). Whatever was connected has been removed, maybe an immersion heater?
Wired as it is switching 'dead short' across the connected cores chances are it's a switched live (red sleeve or tape on the black core?) for something elsewhere in the house, something presumably still there and connected (live) if no longer needed/working (no fuse), maybe part of the old heating system a pump or valve, a towel rail, a ventilation fan or sump pump, maybe a loft light or motion sensitive outdoor light... you'd have to follow the wires really to be sure unless you fancy popping a fuse in and seeing what runs (might not be a great idea, it's likely decommissioned for a reason). It's also possible it was part of the tank thermostat system that has been left in place for no good reason.
jk
Post edited at 13:44