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REGISTERED NUMBER: 12290601 (England and Wales)













Financial Statements

for the Year Ended 31 December 2023

for

Waste Knot Energy (Holding) Limited

Waste Knot Energy (Holding) Limited (Registered number: 12290601)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Waste Knot Energy (Holding) Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: M A Green
I Jones
C T Jones
R K Murray
C M Coulton





REGISTERED OFFICE: Waste Knot Energy
Riverside Park Road
Middlesbrough
TS2 1UT





REGISTERED NUMBER: 12290601 (England and Wales)





AUDITORS: Anderson Barrowcliff Limited
Statutory Auditors
Chartered Accountants
3 Kingfisher Court
Bowesfield Park
Stockton on Tees
TS18 3EX

Waste Knot Energy (Holding) Limited (Registered number: 12290601)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 1 1

CURRENT ASSETS
Debtors 5 461,213 453,237
Cash at bank 12,026 38,594
473,239 491,831
CREDITORS
Amounts falling due within one year 6 63,137 70,589
NET CURRENT ASSETS 410,102 421,242
TOTAL ASSETS LESS CURRENT LIABILITIES 410,103 421,243

CAPITAL AND RESERVES
Called up share capital 7 611,168 610,256
Share premium 69,744 69,744
Retained earnings (270,809 ) (258,757 )
SHAREHOLDERS' FUNDS 410,103 421,243

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 Board of Directors and authorised for issue on 9 August 2024 and were signed on its behalf by:





M A Green - Director


Waste Knot Energy (Holding) Limited (Registered number: 12290601)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Waste Knot Energy (Holding) 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 (£), rounded to the nearest £.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements cover the individual entity only. The entity, as a parent of a small group, has applied the exemption not to prepare group accounts.

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.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less accumulated impairment.

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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 balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Waste Knot Energy (Holding) Limited (Registered number: 12290601)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
(i) Financial assets

Basic financial assets, including trade and other receivables, cash and bank balances and investments in commercial paper, are initially recognised at transaction price. Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss.

Other financial assets, including investments in equity instruments of entities which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is nominally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in the profit and loss account.

(ii) Financial liabilities

Basic financial liabilities, including trade and other payables, bank loans, loans from fellow Group companies and preference shares that are classified as debt, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss unless they are included in a hedging arrangement.

Financial liabilities are derecognised when the liability is extinguished, that is when the associated contractual obligation is discharged, cancelled or expires.

(iii) Offsetting

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 6 ) .

Waste Knot Energy (Holding) Limited (Registered number: 12290601)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 1
NET BOOK VALUE
At 31 December 2023 1
At 31 December 2022 1

5. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Amounts owed by group undertakings 95,270 52,537
Other debtors - 700
95,270 53,237

Amounts falling due after more than one year:
Amounts owed by group undertakings 365,943 400,000

Aggregate amounts 461,213 453,237

As at 31 December 2023 the company was owed £461,213 (2022 - £452,537) from its wholly owned subsidiary, WKE (Middlesbrough) Ltd. The loan is interest-free. The loan is unsecured and, together with accrued interest, shall be repayable in full promptly on demand by the lender, although £365,943 (2022 - £400,000) of the loan is expected to be paid after more than one year from the balance sheet date.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 4,201
Taxation and social security 41,497 22,040
Other creditors 21,640 44,348
63,137 70,589

Waste Knot Energy (Holding) Limited (Registered number: 12290601)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:


Number

Class
Nominal
Value


2023


2022
£ £ £
610,256 A Ordinary Shares 1 610,256 410,256
- B Ordinary Shares 1 - 200,000
50,668 B Ordinary Shares 0.01 507 -
40,512 C Ordinary Shares 0.01 405 -
611,168 610,256

200,000 B Ordinary Shares were re-designated as A Ordinary Shares on 28 March 2023.

On 28 March 2023 the following shares were allotted, issued and fully paid for cash at par:

50,668 B Ordinary Shares of £0.01 each
40,512 C Ordinary Shares of £0.01 each

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

The Report of the Auditors was unqualified.

David Shawcross FCA (Senior Statutory Auditor)
for and on behalf of Anderson Barrowcliff Limited

9. ULTIMATE CONTROLLING PARTY

The immediate controlling party is Gresham House (Nominees) Limited, an entity registered in the UK.

The smallest group within which the company belongs and for which group financial statements are prepared is Gresham House Limited, an entity registered in the UK. The financial statements of Gresham House Limited can be obtained from Companies House.

The ultimate controlling party is Searchlight Capital Partners III SED, L.P., a Cayman Limited Partnership.