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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 OCTOBER 2018 |
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WATER HALL (ENGLAND) LIMITED |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 OCTOBER 2018 |
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FOR |
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WATER HALL (ENGLAND) LIMITED |
WATER HALL (ENGLAND) LIMITED (REGISTERED NUMBER: 02534209) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 OCTOBER 2018 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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WATER HALL (ENGLAND) LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31 OCTOBER 2018 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Certified Accountants |
The Maltings |
Rosemary Lane |
Halstead |
Essex |
CO9 1HZ |
WATER HALL (ENGLAND) LIMITED (REGISTERED NUMBER: 02534209) |
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BALANCE SHEET |
31 OCTOBER 2018 |
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2018 | 2017 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 3 |
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Investments | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
7 |
( |
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( |
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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their responsibilities for: |
(a) |
ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and |
(b) |
preparing financial statements which give a true and fair view of the state of affairs of the company as at the
end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
WATER HALL (ENGLAND) LIMITED (REGISTERED NUMBER: 02534209) |
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BALANCE SHEET - continued |
31 OCTOBER 2018 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
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WATER HALL (ENGLAND) LIMITED (REGISTERED NUMBER: 02534209) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 OCTOBER 2018 |
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1. | STATUTORY INFORMATION |
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Water Hall (England) Limited is a
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company's registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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During the accounting period the group was undertaking several significant projects and the directors decided |
to extend the reporting period by 6 months to the 31 October 2017 so that they could devote their time to |
these. As a result of this extension the accounting period is for 18 months ending 31 October 2017 and the |
comparative figures are not entirely comparable. |
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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. |
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Changes in accounting policies |
During the year Lyons 54 Limited acquired all of the issued share capital and the accounting framework has |
been changed to UKGAAP. The corresponding amounts have been reviewed and were found to be consistent |
with the UKGAAP and no re-statement has been necessary. |
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Turnover |
The company's turnover represents the value, excluding value added tax, of goods and services supplied to |
customers during the year. |
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Tangible fixed assets |
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Land and buildings | - |
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Plant and machinery etc | - |
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Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost less any provision for impairment. |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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WATER HALL (ENGLAND) LIMITED (REGISTERED NUMBER: 02534209) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 OCTOBER 2018 |
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2. | ACCOUNTING POLICIES - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
balance sheet date. |
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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. |
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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. |
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Operating lease payments |
Payments made under operating leases are recognised in the income statement on a straight line basis over |
the term of the lease. Lease incentives are recognised in the income statement as an integral part of the total |
lease expense. |
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Investments in subsidiary undertakings |
Investments in subsidiaries are carried at cost less any amounts written off to reflect any impairment in value. |
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Landfill engineering costs |
Landfill engineering costs are recognised as the expenditure is incurred in preparing a particular landfill cell |
prior to the commencement of landfill operations. These costs are amortised over the life of each site in |
proportion to the rate of landfill and the costs not yet amortised are carried forward as a debtor. |
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Restoration and post closure monitoring costs |
Full provision has been made for the net present value (NPV) of the company's estimated costs in respect of |
restoration liabilities at the company's landfill sites, the unexpended portion of which has been capitalised in |
property, plant and equipment. The company continues to provide for all aftercare costs over the life of its |
landfill sites, in proportion to the rate at which each site is filled, since liabilities in relation to these costs |
increase as waste is deposited. All long-term provisions for restoration and aftercare costs are calculated on |
the NPV of expected future costs, discounted at 5% per annum.The effect of the unwinding of the discount |
element on existing provisions is reflected as a financial item. |
WATER HALL (ENGLAND) LIMITED (REGISTERED NUMBER: 02534209) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 OCTOBER 2018 |
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3. | TANGIBLE FIXED ASSETS |
Land and | Landfill | Plant & |
buildings | resources | equipment | Totals |
£ | £ | £ | £ |
COST |
At 1 November 2017 |
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Disposals |
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At 31 October 2018 |
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DEPRECIATION |
At 1 November 2017 |
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Charge for year |
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Eliminated on disposal |
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At 31 October 2018 |
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NET BOOK VALUE |
At 31 October 2018 |
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At 31 October 2017 |
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Included in cost of land and buildings is freehold land of £ 266,292 (2017 - £ 266,292 ) which is not |
depreciated. |
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Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
Plant & |
equipment |
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COST |
At 1 November 2017 |
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Transfer to ownership | (206,400 | ) |
At 31 October 2018 |
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DEPRECIATION |
At 1 November 2017 |
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Transfer to ownership | (64,275 | ) |
At 31 October 2018 |
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NET BOOK VALUE |
At 31 October 2018 |
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At 31 October 2017 |
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WATER HALL (ENGLAND) LIMITED (REGISTERED NUMBER: 02534209) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 OCTOBER 2018 |
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4. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
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COST |
At 1 November 2017 |
and 31 October 2018 |
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PROVISIONS |
At 1 November 2017 |
and 31 October 2018 | 4,487,808 |
NET BOOK VALUE |
At 31 October 2018 |
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At 31 October 2017 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Trade debtors |
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Amounts owed by group undertakings |
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Other debtors |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Bank loans and overdrafts |
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Hire purchase contracts |
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Trade creditors |
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Amounts owed to group undertakings |
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Taxation and social security |
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Other creditors |
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7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2018 | 2017 |
£ | £ |
Amounts owed to group undertakings |
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