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REGISTERED NUMBER: 08282642 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

RESOURCE RECOVERY LIMITED

RESOURCE RECOVERY LIMITED (REGISTERED NUMBER: 08282642)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RESOURCE RECOVERY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTOR: R Wyndham-Lewis





REGISTERED OFFICE: Little Greenfield
School Road
Appledore
Kent
TN26 2BA





REGISTERED NUMBER: 08282642 (England and Wales)





ACCOUNTANTS: Pike Martyn
Little Greenfield
School Road
Appledore
Kent
TN26 2BA

RESOURCE RECOVERY LIMITED (REGISTERED NUMBER: 08282642)

BALANCE SHEET
30 NOVEMBER 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,559,701 2,404,659
Investments 5 500 500
2,560,201 2,405,159

CURRENT ASSETS
Debtors 6 4,688 3,085
Cash at bank 20,504 127,482
25,192 130,567
CREDITORS
Amounts falling due within one year 7 120,049 108,237
NET CURRENT (LIABILITIES)/ASSETS (94,857 ) 22,330
TOTAL ASSETS LESS CURRENT LIABILITIES 2,465,344 2,427,489

CREDITORS
Amounts falling due after more than one
year

8

(1,093,223

)

(1,316,797

)

PROVISIONS FOR LIABILITIES (34,200 ) (34,200 )
NET ASSETS 1,337,921 1,076,492

RESOURCE RECOVERY LIMITED (REGISTERED NUMBER: 08282642)

BALANCE SHEET - continued
30 NOVEMBER 2023

30.11.23 30.11.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 9 100 100
Other reserves 145,800 145,800
Retained earnings 1,192,021 930,592
SHAREHOLDERS' FUNDS 1,337,921 1,076,492

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 5 August 2024 and were signed by:





R Wyndham-Lewis - Director


RESOURCE RECOVERY LIMITED (REGISTERED NUMBER: 08282642)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023


1. STATUTORY INFORMATION

Resource Recovery 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.

2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Land and buildings are not depreciated which is not in accordance with either the Financial Reporting Standard 102-1A or the requirements of the Companies Act 2006 which state that all assets should be
depreciated overt their economic life.

The director considers that this departure from the requirement of the standard and the Companies Act 2006 is required in order to give a true and fair value.

Land and buildings are measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computer equipment 33% on cost
Fixtures and fittings 33% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

INVESTMENTS IN SUBSIDIARIES
Investments in subsidiary undertakings are recognised at cost.


RESOURCE RECOVERY LIMITED (REGISTERED NUMBER: 08282642)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


2. ACCOUNTING POLICIES - continued
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 3 (2022 - 3 ) .

RESOURCE RECOVERY LIMITED (REGISTERED NUMBER: 08282642)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 December 2022 2,401,811 3,230 2,900 2,407,941
Additions 156,814 - - 156,814
At 30 November 2023 2,558,625 3,230 2,900 2,564,755
DEPRECIATION
At 1 December 2022 - 1,077 2,205 3,282
Charge for year - 1,077 695 1,772
At 30 November 2023 - 2,154 2,900 5,054
NET BOOK VALUE
At 30 November 2023 2,558,625 1,076 - 2,559,701
At 30 November 2022 2,401,811 2,153 695 2,404,659

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 December 2022
and 30 November 2023 500
NET BOOK VALUE
At 30 November 2023 500
At 30 November 2022 500

RESOURCE RECOVERY LIMITED (REGISTERED NUMBER: 08282642)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Other debtors 1,974 -
Prepayments and accrued income 2,714 3,085
4,688 3,085

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 101,500 101,500
Trade creditors 3,220 2,128
Social security and other taxes 35 29
Other creditors 9,784 3,020
Accruals and deferred income 5,510 1,560
120,049 108,237

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.11.23 30.11.22
£    £   
Other creditors 1,093,223 1,316,797

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
100 Ordinary 1.00 100 100