Registered number: 12934188
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EVB1 Limited
Financial statements
Information for filing with the registrar
30 June 2022
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Balance sheet
At 30 June 2022
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Shareholder's funds / (deficit)
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1
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Balance sheet (continued)
At 30 June 2022
The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 18 April 2023.
Company registered number: 12934188
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the financial statements
Year ended 30 June 2022
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Hill Top Farm, Winston, Darlington, County Durham, DL2 3RR.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies.
The following principal accounting policies have been applied:
Investments in subsidiaries are measured at cost less accumulated impairment.
Basic financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
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The average monthly number of employees, including directors, during the year was 1 (2021 - 1).
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Investments in subsidiary companies
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The company owns 47% of the shares of Renewable Environmental Investments Limited, a company incorporated in England and Wales.
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3
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Notes to the financial statements
Year ended 30 June 2022
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Amounts owed by group undertakings
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Creditors: amounts falling due within one year
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Amounts owed to group undertakings
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Accruals and deferred income
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Related party transactions
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During the year, the company used a loan account to record amounts due to and from Plasterboard
Recycling Group Ltd. At the year end, the balance owed by the company to Plasterboard Recycling
Group Ltd was £13 (2021 - £nil). The loan is unsecured, interest free and no fixed terms of repayment have been agreed.
During the year, the company used a loan account to record amounts due to and from EVB Holdings Ltd. At the year end, the balance owed by the company to EVB Holdings Ltd was £6,120,284 (2021 - £2,552,625). The loan is unsecured, with interest charged at 2% above base rate and no fixed terms of repayment have been agreed.
During the year, the company used a loan account to record amounts due to and from Renewable Environmental Investments Ltd. At the year end, the balance owed to the company by Renewable Environmental Investments Ltd was £1,518,411 (2021 - £1,531,945). The loan is unsecured, with interest charged at 2% and no fixed terms of repayment have been agreed.
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The parent company is EVB Holdings Ltd, a company registered in England and Wales. The address of the registered office is Hill Top Farm, Winston, Darlington, County Durham, DL2 3RR.
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