Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-312022-12-310false02022-01-01No description of principal activitytruetrue 10447242 2022-01-01 2022-12-31 10447242 2021-01-01 2021-12-31 10447242 2022-12-31 10447242 2021-12-31 10447242 1 2022-01-01 2022-12-31 10447242 d:Director1 2022-01-01 2022-12-31 10447242 d:Director2 2022-01-01 2022-12-31 10447242 d:Director3 2022-01-01 2022-12-31 10447242 d:RegisteredOffice 2022-01-01 2022-12-31 10447242 c:CurrentFinancialInstruments 2022-12-31 10447242 c:CurrentFinancialInstruments 2021-12-31 10447242 c:CurrentFinancialInstruments c:WithinOneYear 2022-12-31 10447242 c:CurrentFinancialInstruments c:WithinOneYear 2021-12-31 10447242 c:ShareCapital 2022-12-31 10447242 c:ShareCapital 2021-12-31 10447242 c:RetainedEarningsAccumulatedLosses 2022-12-31 10447242 c:RetainedEarningsAccumulatedLosses 2021-12-31 10447242 d:FRS102 2022-01-01 2022-12-31 10447242 d:Audited 2022-01-01 2022-12-31 10447242 d:FullAccounts 2022-01-01 2022-12-31 10447242 d:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 10447242 d:SmallCompaniesRegimeForAccounts 2022-01-01 2022-12-31 10447242 6 2022-01-01 2022-12-31 10447242 e:PoundSterling 2022-01-01 2022-12-31 iso4217:GBP xbrli:pure
Registered number: 10447242 (England and Wales)














ENVIVA MANAGEMENT INTERNATIONAL HOLDINGS, LIMITED

DIRECTORS' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022


 
ENVIVA MANAGEMENT INTERNATIONAL HOLDINGS, LIMITED
 

 
COMPANY INFORMATION


Directors
G T Nunziata 
J E Paral 
J P Wolf 




Registered number
10447242



Registered office
Maple House
Clifton Park

York

North Yorkshire

United Kingdom

YO305PB




Independent auditors
ZEDRA Corporate Reporting Services (UK) Limited






 
ENVIVA MANAGEMENT INTERNATIONAL HOLDINGS, LIMITED
 


CONTENTS



Page
Balance Sheet
 
1
Notes to the Financial Statements
 
2 - 4



 
ENVIVA MANAGEMENT INTERNATIONAL HOLDINGS, LIMITED
REGISTERED NUMBER:10447242


BALANCE SHEET
AS AT 31 DECEMBER 2022

2022
2021
Note
£
£

Fixed assets
  

Investments
 3 
235,317
235,317

  
235,317
235,317

Current assets
  

Debtors: amounts falling due within one year
 4 
935
935

  
935
935

Creditors: amounts falling due within one year
 5 
(276,428)
(263,786)

Net current liabilities
  
 
 
(275,493)
 
 
(262,851)

Total assets less current liabilities
  
(40,176)
(27,534)

  

Net liabilities
  
(40,176)
(27,534)


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
(40,177)
(27,535)

  
(40,176)
(27,534)


The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 by: 

J P Wolf
Director

Date: 20 February 2024

The notes on pages 2 to 4 form part of these financial statements.

Page 1


 
ENVIVA MANAGEMENT INTERNATIONAL HOLDINGS, LIMITED
 

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

1.Accounting policies

 
1.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

 
1.2

Exemption from preparing consolidated financial statements

The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

 
1.3

Going concern

The Company is in a net liability position, primarily supported by a fellow group company Enviva, Inc and the parent company Enviva Management Company, LLC. The directors are aware that the wider group’s recent trading performance has created material uncertainty in relation to their ability to continue supporting this company. Although the group are taking steps to rectify this, there is significant doubt as to the ability of the group to continue supporting operations globally. 
 
This has led to a fall in the share price of the listed entity, Enviva, Inc. within the group. The directors have reviewed forecasts and the expected trading position of the group, including the strategic importance of the Company for a period of at least 12 months and despite the uncertainty have determined that the Company will be able to continue for a period of at least 12 months from the date of approval of these financial statements. As a result, they continue to adopt the going concern basis of preparation.

 
1.4

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Page 2


 
ENVIVA MANAGEMENT INTERNATIONAL HOLDINGS, LIMITED
 

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

1.Accounting policies (continued)

 
1.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
1.6

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
1.7

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


2.


Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2022 was unqualified, though the auditor drew attention to note 1.3 to these accounts which indicates the existence of material uncertainty which may cause significant doubt about the Company's ability to continue as a going concern.

The audit report was signed on 22 February 2024 by Louise Morriss (Senior Statutory Auditor) on behalf of ZEDRA Corporate Reporting Services (UK) Limited.


3.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2022
235,317



At 31 December 2022
235,317




Page 3


 
ENVIVA MANAGEMENT INTERNATIONAL HOLDINGS, LIMITED
 

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

4.


Debtors

2022
2021
£
£


Amounts owed by group undertakings
1
1

Prepayments and accrued income
934
934

935
935



5.


Creditors: Amounts falling due within one year

2022
2021
£
£

Trade creditors
5,430
4,110

Amounts owed to group undertakings
254,816
246,266

Accruals and deferred income
16,182
13,410

276,428
263,786



6.


Post balance sheet events

In its quarter three publicly available financial report, the Group’s primary trading entity, Enviva Inc., a
listed entity in the US, referred to substantial doubt regarding its ability to continue as a going concern, the entity also experienced a sharp fall in its share price. This entity is the primary trading entity within the
Enviva Group of which the Company is a member and as a result, the directors of the Company have
determined that the Company should report in note 1.3 a material uncertainty in relation to going concern.
This is an adjusting post balance sheet event. 
There were no other adjusting or non-adjusting events occurring between the end of the reporting period and the date these financial statements were approved. 


7.


Controlling party

IHE Holdings LLC is the parent of the smallest group for which consolidated financial statements are
drawn up of which the Company is a member. The registered office of the Company is 7272 Wisconsin
Avenue, Suite 1800, Bethesda, MD 20814, USA. 

 
Page 4