Envirotec Services Ltd
Registered number: 04078707
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1,550,000 1,550,000
1,550,000 1,550,000
Current assets
Debtors 4 2,516 5,176
Cash at bank and in hand 20,891 30,786
23,407 35,962
Creditors: amounts falling due within one year 5 (628,587) (622,308)
Net current liabilities (605,180) (586,346)
Total assets less current liabilities 944,820 963,654
Creditors: amounts falling due after more than one year 6 (964,274) (937,223)
Provisions for liabilities (12,215) (12,215)
Net (liabilities)/assets (31,669) 14,216
Capital and reserves
Called up share capital 1 1
Non-distributable fair value reserve 124,867 124,867
Profit and loss account (156,537) (110,652)
Shareholders' funds (31,669) 14,216
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
L Wheeler
Director
Approved by the board on 22 November 2023
Envirotec Services Ltd
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Going Concern
At 31 March 2023, the company had net current liabilities of £605,180 (2022: £586,346). The company is funded by external loans and intercompany loans from its parent Company. As a result of this ongoing support, the directors consider the going concern basis appropriate for the Company.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rental of properties to third parties. Turnover from the rental of properties is recognised by reference to the rental period.

Income from the sale of properties is recognised when the significant risks and rewards of ownership of the property have transferred to the buyer and is recorded as a profit on diposal of a fixed asset.
Investment Property
Investment Properties are included at fair value. Changes in fair value are recognised in the profit and loss account. Deferred tax is provided on any gains or losses at the rate expected to apply when the property is sold.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Related party disclosures
The company is a wholly owned subsidiary of Melinda Property Services Limited. The company has therefore taken advantage of the exemption in Financial Reporting Standard 102 (as applied to small entities by Section 1A of the standard) from the requirement to disclose transactions with other wholly owned subsidiaries in the Group and the parent company.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Investment Properties
£
Valuation
At 1 April 2022 1,550,000
At 31 March 2023 1,550,000
In accordance with FRS 102, the directors have assessed the fair value of the properties held by the company. The assessment has resulted in no change in value for the year ended 31 March 2023 (2022: £35,371).

The directors do not hold a relevant professional qualification but have in excess of 20 years of property experience. The directors have used their judgement of the property market, including their experience of recent transactions involving similar properties to determine the fair value at the balance sheet date.
4 Debtors 2023 2022
£ £
Trade debtors 635 1,818
Other debtors 1,881 3,358
2,516 5,176
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts (see note 7) 607,270 607,270
Trade creditors 7,135 1,943
Other creditors 14,182 13,095
628,587 622,308
6 Creditors: amounts falling due after one year 2023 2022
£ £
Amounts owed to group undertakings 964,274 937,223
964,274 937,223
Amounts owed to group undertakings are unsecured, interest free and repayable on demand. For the year ended 31 March 2023, the amounts owed to group undertakings have been classified as falling due after one year as the parent company has confirmed it will not seek repayment within 12 months.
7 Loans 2023 2022
£ £
Creditors include:
Secured bank loans 607,270 607,270
Bank loans are secured by way of a fixed and floating charge over the freehold properties held by the company. Interest is charged at base rate plus 6.74% and the facility expires in February 2024.
8 Controlling party
The immediate parent undertaking is Melinda Property Services Limited. The ultimate controlling parties are L Wheeler and C Williams by virtue of their majority shareholdings in Melinda Property Services Limited.
9 Other information
Envirotec Services Ltd is a private company limited by shares and incorporated in England. Its registered office is:
9 Park Place
Newdigate Road
Harefield
Middlesex
UB9 6EJ
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