|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unaudited Financial Statements for the Year Ended 31 December 2016 |
|
for |
|
Enviroparks (Hirwaun Properties) Limited |
|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unaudited Financial Statements for the Year Ended 31 December 2016 |
|
for |
|
Enviroparks (Hirwaun Properties) Limited |
Enviroparks (Hirwaun Properties) Limited (Registered number: 06026061) |
|
|
|
|
|
|
Contents of the Financial Statements |
for the Year Ended 31 December 2016 |
|
|
|
|
Page |
|
Company Information | 1 |
|
Balance Sheet | 2 |
|
Notes to the Financial Statements | 4 |
|
Enviroparks (Hirwaun Properties) Limited |
|
Company Information |
for the Year Ended 31 December 2016 |
|
|
|
|
|
|
|
DIRECTOR: |
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
Enviroparks (Hirwaun Properties) Limited (Registered number: 06026061) |
|
Balance Sheet |
31 December 2016 |
|
2016 | 2015 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 3 |
|
|
|
CURRENT ASSETS |
Debtors | 4 |
|
|
|
CREDITORS |
Amounts falling due within one year | 5 |
|
|
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
|
|
PROVISIONS FOR LIABILITIES | 7 |
|
|
NET ASSETS |
|
|
|
CAPITAL AND RESERVES |
Called up share capital |
|
|
Revaluation reserve | 8 |
|
|
Retained earnings | 8 | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS |
|
|
|
|
|
|
|
The director acknowledges his 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. |
Enviroparks (Hirwaun Properties) Limited (Registered number: 06026061) |
|
Balance Sheet - continued |
31 December 2016 |
|
|
|
|
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
|
The financial statements were approved by the director on
|
|
|
|
|
|
|
|
Enviroparks (Hirwaun Properties) Limited (Registered number: 06026061) |
|
Notes to the Financial Statements |
for the Year Ended 31 December 2016 |
|
1. | STATUTORY INFORMATION |
|
Enviroparks (Hirwaun Properties) Limited is a
|
England and Wales. The company's registered number and registered office address can be found on |
the Company Information page. |
|
2. | ACCOUNTING POLICIES |
|
Basis of preparing the financial statements |
|
|
The financial statements have been prepared under the going concern basis. |
|
At the balance sheet date the company had net current liabilities of £1,745,353 (2015 £1,744,988). |
|
Going Concern |
The Company is reliant on the continued support of Enviorparks (Wales) Limited. The company has |
received confirmation that this support will be ongoing covering at least a period of twelve months |
from the signing of these accounts. |
|
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. |
|
|
Tangible fixed assets |
Depreciation has not been provided as the directors consider the useful economic life of tangible fixed |
assets to be greater than 50 years. |
|
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. |
|
Current or deferred taxation assets and liabilities are not discounted. |
|
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. |
|
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
the balance sheet date. |
|
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. |
|
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. |
Enviroparks (Hirwaun Properties) Limited (Registered number: 06026061) |
|
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2016 |
|
3. | TANGIBLE FIXED ASSETS |
Freehold |
property |
£ |
COST OR VALUATION |
At 1 January 2016 |
and 31 December 2016 |
|
NET BOOK VALUE |
At 31 December 2016 |
|
At 31 December 2015 |
|
|
The freehold land and buildings have been pledged as security for borrowings of the company and the |
Enviroparks Wales Group. Full details of the Charges have been registered at Companies House. |
|
Cost or valuation at 31 December 2016 is represented by: |
|
Freehold |
property |
£ |
Valuation in 2013 | 1,348,920 |
Valuation in 2014 | 5,651,080 |
Valuation in 2015 | 11,265,000 |
18,265,000 |
|
If freehold land and buildings had not been revalued they would have been included at the following |
historical cost: |
|
2016 | 2015 |
£ | £ |
Cost | 1,348,920 | 1,348,920 |
|
Freehold land and buildings were valued on an open market basis on 30 October 2015 by Savills. . |
|
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2016 | 2015 |
£ | £ |
Other debtors |
|
|
|
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2016 | 2015 |
£ | £ |
Trade creditors |
|
|
Owed to group undertaking | 1,744,623 | 1,744,623 |
Accrued expenses |
|
|
|
|
Enviroparks (Hirwaun Properties) Limited (Registered number: 06026061) |
|
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2016 |
|
6. | SECURED DEBTS |
|
The following secured debts are included within creditors: |
|
2016 | 2015 |
£ | £ |
Owed to Group Undertakings | 1,744,623 | 1,744,623 |
|
Greyfriars Administration Services Limited (as security trustee) hold by way of a fixed and floating |
charge, the land on the North side of Fifth Avenue, Hirwaun Industrial Estate, Hirwaun, Aberdare and |
land lying to the North West Side of Ninth Avenue, Hirwaun Industrial Estate, Hirwaun, Aberdare |
|
7. | PROVISIONS FOR LIABILITIES |
2016 | 2015 |
£ | £ |
Deferred tax | 3,383,216 | 3,383,216 |
|
Deferred |
tax |
£ |
Balance at 1 January 2016 |
|
Balance at 31 December 2016 |
|
|
8. | RESERVES |
Retained | Revaluation |
earnings | reserve | Totals |
£ | £ | £ |
|
At 1 January 2016 | ( |
) |
|
13,136,795 |
Deficit for the year | ( |
) | - | ( |
) |
At 31 December 2016 | ( |
) |
|
13,136,430 |
|
9. | ULTIMATE CONTROLLING PARTY |
|
The controlling party is Zeus Renewables Ltd. |