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REGISTERED NUMBER: 07472208 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2022

FOR

KETLEY QUARRIES & RECYCLING LIMITED

KETLEY QUARRIES & RECYCLING LIMITED (REGISTERED NUMBER: 07472208)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


KETLEY QUARRIES & RECYCLING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2022







DIRECTOR: P J J Hughes





REGISTERED OFFICE: Oil Depot
242 London Road
Stretton
Coventry
CV23 9JA





REGISTERED NUMBER: 07472208 (England and Wales)





AUDITORS: Flint & Thompson
Statutory Auditors
2 Manor Square
Solihull
West Midlands
B91 3PX

KETLEY QUARRIES & RECYCLING LIMITED (REGISTERED NUMBER: 07472208)

BALANCE SHEET
31 JULY 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 35,000,000 35,000,000

CREDITORS
Amounts falling due within one year 5 6,042,872 5,965,323
NET CURRENT LIABILITIES (6,042,872 ) (5,965,323 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

28,957,128

29,034,677

PROVISIONS FOR LIABILITIES 5,523,205 5,523,205
NET ASSETS 23,433,923 23,511,472

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Fair Value Reserve 6 23,546,295 23,546,295
Retained earnings (113,372 ) (35,823 )
23,433,923 23,511,472

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 31 October 2023 and were signed by:





P J J Hughes - Director


KETLEY QUARRIES & RECYCLING LIMITED (REGISTERED NUMBER: 07472208)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2022


1. STATUTORY INFORMATION

Ketley Quarries & Recycling Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
Going concern

The financial statements have been prepared on a going concern basis which the director considers to be appropriate. The company has group support to ensure that it meets its liabilities for a period of no less than 12 months from the approval of the financial statements. Consequently, the director is confident that the company will have sufficient funds to continue to meet its liabilities as they fall due for a period of at least 12 months from the date of approval of the financial statements and therefore have prepared them on a going concern basis.

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
Land is carried at it's revalued amount, being fair value at the date of valuation less impairment losses.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

KETLEY QUARRIES & RECYCLING LIMITED (REGISTERED NUMBER: 07472208)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2022


4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST OR VALUATION
At 1 August 2021
and 31 July 2022 35,000,000
NET BOOK VALUE
At 31 July 2022 35,000,000
At 31 July 2021 35,000,000

Cost or valuation at 31 July 2022 is represented by:

Land and
buildings
£   
Valuation in 2021 35,000,000

If freehold property had not been revalued it would have been included at the following historical cost:

2022 2021
£    £   
Cost 5,930,500 5,930,500

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 76 -
Amounts owed to group undertakings 6,038,980 5,963,823
Other creditors 3,816 1,500
6,042,872 5,965,323

6. RESERVES
Fair
Value
Reserve
£   
At 1 August 2021
and 31 July 2022 23,546,295

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Peter Georgiades BA FCA (Senior Statutory Auditor)
for and on behalf of Flint & Thompson

KETLEY QUARRIES & RECYCLING LIMITED (REGISTERED NUMBER: 07472208)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2022


8. ULTIMATE PARENT COMPANY

The ultimate parent company is Frank Solutions Limited.
Frank Solutions Limited is based in the Isle of Man and the group financial statements can be obtained from Rear Office, First Floor, 8-10 Malew Street, Castletown, IM9 1AB, Isle of Man.