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Financial Statements for the Period 1 January 2021 to 31 March 2022 |
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Enviroparks (Hirwaun) Limited |
REGISTERED NUMBER:
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Financial Statements for the Period 1 January 2021 to 31 March 2022 |
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for |
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Enviroparks (Hirwaun) Limited |
Enviroparks (Hirwaun) Limited (Registered number: 05641261) |
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Contents of the Financial Statements |
for the Period 1 January 2021 to 31 March 2022 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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Enviroparks (Hirwaun) Limited |
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Company Information |
for the Period 1 January 2021 to 31 March 2022 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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AUDITORS: |
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First Floor |
1 St John's Court |
Upper Fforest Way |
Enterprise Park |
Swansea |
SA6 8QQ |
Enviroparks (Hirwaun) Limited (Registered number: 05641261) |
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Balance Sheet |
31 March 2022 |
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2022 | 2020 |
(Unaudited) |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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Investments | 5 |
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CURRENT ASSETS |
Debtors | 6 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 7 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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( |
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CREDITORS |
Amounts falling due after more than one
year |
8 |
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NET LIABILITIES | ( |
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CAPITAL AND RESERVES |
Called up share capital |
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Capital contribution reserve |
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Retained earnings | ( |
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SHAREHOLDERS' FUNDS | ( |
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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 and authorised for issue on
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Enviroparks (Hirwaun) Limited (Registered number: 05641261) |
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Notes to the Financial Statements |
for the Period 1 January 2021 to 31 March 2022 |
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1. | STATUTORY INFORMATION |
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Enviroparks (Hirwaun) Limited is a
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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The financial statements have been prepared on the going concern basis. |
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At the balance sheet date the company had negative shareholders' funds of £4,904,194 (2020 £4,903,568) |
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The company is supported by the parent company, Enviroparks (Wales) Limited and as at 31 March 2022, the company owed £6,416,799 (2020 £6,416,462) to that company. |
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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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Tangible fixed assets |
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Plant and machinery | - |
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Computer equipment | - |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the period was NIL (2020 - NIL). |
Enviroparks (Hirwaun) Limited (Registered number: 05641261) |
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Notes to the Financial Statements - continued |
for the Period 1 January 2021 to 31 March 2022 |
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4. | TANGIBLE FIXED ASSETS |
Plant and | Computer |
machinery | equipment | Totals |
£ | £ | £ |
COST |
At 1 January 2021 |
and 31 March 2022 |
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DEPRECIATION |
At 1 January 2021 |
and 31 March 2022 |
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NET BOOK VALUE |
At 31 March 2022 |
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At 31 December 2020 |
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5. | FIXED ASSET INVESTMENTS |
Other |
investments |
£ |
COST |
At 1 January 2021 |
and 31 March 2022 |
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NET BOOK VALUE |
At 31 March 2022 |
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At 31 December 2020 |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2020 |
(Unaudited) |
£ | £ |
Owed by group undertaking | 1,744,273 | 1,744,273 |
Other debtors |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2020 |
(Unaudited) |
£ | £ |
Trade creditors |
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Owed to group undertaking | 6,417,110 | 6,416,772 |
Other creditors |
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Enviroparks (Hirwaun) Limited (Registered number: 05641261) |
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Notes to the Financial Statements - continued |
for the Period 1 January 2021 to 31 March 2022 |
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8. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR |
2022 | 2020 |
(Unaudited) |
£ | £ |
Accruals and deferred income |
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9. | GOING CONCERN |
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These accounts have been prepared under the going concern basis. The company has the support of other companies within the group. The group has provided security for the loans to the company by way of a charge on a property owned by a wholly owned subsidiary, Enviroparks (Hirwaun Properties) Limited. The company currently has sufficient cash reserves and cash raising ability to meet its obligations for the next financial year. The group will require refinancing in August 2024 to enable the debts of the company to be repaid and to continue trading until its waste processing facility becomes operational. The directors are satisfied that the Going Concern basis of accounting is appropriate. |
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10. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
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The Report of the Auditors was unqualified. |
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for and on behalf of
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11. | ULTIMATE CONTROLLING PARTY |
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The controlling party is Zeus Renewables Ltd |