REGISTERED NUMBER:
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RESOURCE & ENVIRONMENTAL CONSULTANTS |
(ASBESTOS) LIMITED |
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FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 MARCH 2022 |
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REGISTERED NUMBER:
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RESOURCE & ENVIRONMENTAL CONSULTANTS |
(ASBESTOS) LIMITED |
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FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 MARCH 2022 |
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RESOURCE & ENVIRONMENTAL CONSULTANTS |
(ASBESTOS) LIMITED (REGISTERED NUMBER: 04590936) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 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 | to | 4 |
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RESOURCE & ENVIRONMENTAL CONSULTANTS |
(ASBESTOS) LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31 MARCH 2022 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
22-24 Harborough Road |
Kingsthorpe |
Northampton |
NN2 7AZ |
RESOURCE & ENVIRONMENTAL CONSULTANTS |
(ASBESTOS) LIMITED (REGISTERED NUMBER: 04590936) |
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BALANCE SHEET |
31 MARCH 2022 |
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2022 | 2021 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 4 |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 5 |
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Share premium |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings 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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RESOURCE & ENVIRONMENTAL CONSULTANTS |
(ASBESTOS) LIMITED (REGISTERED NUMBER: 04590936) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2022 |
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1. | STATUTORY INFORMATION |
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Resource & Environmental Consultants (Asbestos) Limited is a
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Debtors and creditors |
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was NIL (2021 - NIL). |
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4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Amounts owed by group undertakings |
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5. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2022 | 2021 |
value: | £ | £ |
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A ordinary | 0.00000011 | 1 | 1 |
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B ordinary | 0.00000011 | - | - |
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C ordinary | 0.00000011 | - | - |
1 | 1 |
RESOURCE & ENVIRONMENTAL CONSULTANTS |
(ASBESTOS) LIMITED (REGISTERED NUMBER: 04590936) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2022 |
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5. | CALLED UP SHARE CAPITAL - continued |
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The A Ordinary shares, the B Ordinary shares and the C Ordinary shares rank pari passu with regard to dividends. |
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The A Ordinary shareholders shall be entitled to receive notice of, attend and vote at any general meeting of the Company. The B Ordinary shareholders and the C Ordinary shareholders shall not be entitled to receive notice of, attend, nor vote at any general meeting. |
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In the event of an A Ordinary shareholder selling his shares either through retirement from the Company or upon death, then any shares not accepted by members shall be automatically converted to fully paid Preference shares at the rate of one Preference share for every A Ordinary share. The Preference shares shall rank pari passu with all other Preference shares in issue at that time. |
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In the event of the Company becoming listed, or in the event that an agreement is in place to sell the Company, then all Preference shares currently in issue shall be converted to A Ordinary shares that rank pari passu in all respects. |
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In any financial year that the Preference shares are in issue, the profits of the Company shall be applied in paying all the shareholders a cash dividend equal to 50% of the net profit of the Company and its subsidiaries for the relevant financial year. |
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The Preference shareholders shall be entitled to receive notice of and attend any general meeting, but cannot vote unless any dividend owed to the Preference shareholders is in arrears a the date of the meeting, or if the purpose of the meeting concerns the winding up of the Company, or altering the share capital to the extent that the Preference shareholders are affected. In such an event the Preference shareholders shall be allowed to vote on that matter only. |
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In the event of the C ordinary shareholders selling their shares either through retirement from the Company or upon death being within four years of the date of issue of the C shares the sale price shall be equal to the nominal value of the shares sold. |
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6. | ULTIMATE CONTROLLING PARTY |
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At 31 March 2022 the ultimate controlling party was Challen Commercial Investigations Limited by virtue of its 100% holding in the issued share capital of Resource and Environmental Solutions Limited. |