Silverfin false false 31/12/2023 01/01/2023 31/12/2023 P N Rowbottom S A Rowbottom 25 September 2024 The principal activity of the Company during the financial year was rental of real estate. 10244405 2023-12-31 10244405 2022-12-31 10244405 core:CurrentFinancialInstruments 2023-12-31 10244405 core:CurrentFinancialInstruments 2022-12-31 10244405 core:Non-currentFinancialInstruments 2023-12-31 10244405 core:Non-currentFinancialInstruments 2022-12-31 10244405 core:ShareCapital 2023-12-31 10244405 core:ShareCapital 2022-12-31 10244405 core:RetainedEarningsAccumulatedLosses 2023-12-31 10244405 core:RetainedEarningsAccumulatedLosses 2022-12-31 10244405 core:PlantMachinery 2022-12-31 10244405 core:Vehicles 2022-12-31 10244405 core:PlantMachinery 2023-12-31 10244405 core:Vehicles 2023-12-31 10244405 core:CostValuation 2022-12-31 10244405 core:CostValuation 2023-12-31 10244405 core:CurrentFinancialInstruments core:Secured 2023-12-31 10244405 bus:OrdinaryShareClass1 2023-12-31 10244405 2023-01-01 2023-12-31 10244405 bus:FilletedAccounts 2023-01-01 2023-12-31 10244405 bus:SmallEntities 2023-01-01 2023-12-31 10244405 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 10244405 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 10244405 bus:Director1 2023-01-01 2023-12-31 10244405 bus:Director2 2023-01-01 2023-12-31 10244405 core:PlantMachinery core:TopRangeValue 2023-01-01 2023-12-31 10244405 core:Vehicles core:TopRangeValue 2023-01-01 2023-12-31 10244405 2022-01-01 2022-12-31 10244405 core:PlantMachinery 2023-01-01 2023-12-31 10244405 core:Vehicles 2023-01-01 2023-12-31 10244405 core:Non-currentFinancialInstruments 2023-01-01 2023-12-31 10244405 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 10244405 bus:OrdinaryShareClass1 2022-01-01 2022-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 10244405 (England and Wales)

ENVIRON HOLDINGS LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2023
Pages for filing with the registrar

ENVIRON HOLDINGS LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2023

Contents

ENVIRON HOLDINGS LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 December 2023
ENVIRON HOLDINGS LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 December 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 35,894 0
Investment property 4 1,988,757 1,988,757
Investments 5 707,944 707,944
2,732,595 2,696,701
Current assets
Debtors 6 68,445 52,338
Cash at bank and in hand 79,773 82,740
148,218 135,078
Creditors: amounts falling due within one year 7 ( 795,396) ( 817,237)
Net current liabilities (647,178) (682,159)
Total assets less current liabilities 2,085,417 2,014,542
Creditors: amounts falling due after more than one year 8 ( 644,782) ( 663,582)
Provision for liabilities ( 8,974) 0
Net assets 1,431,661 1,350,960
Capital and reserves
Called-up share capital 9 2 2
Profit and loss account 1,431,659 1,350,958
Total shareholders' funds 1,431,661 1,350,960

For the financial year ending 31 December 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Environ Holdings Limited (registered number: 10244405) were approved and authorised for issue by the Board of Directors on 25 September 2024. They were signed on its behalf by:

S A Rowbottom
Director
ENVIRON HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
ENVIRON HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Environ Holdings Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit 4, Watford Bridge Industrial Estate, Watford Bridge Road, New Mills, High Peak, Derbyshire, SK22 4HJ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on over its expected useful life, as follows:

Plant and machinery 5 years straight line
Vehicles 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Plant and machinery Vehicles Total
£ £ £
Cost
At 01 January 2023 0 0 0
Additions 16,450 20,000 36,450
At 31 December 2023 16,450 20,000 36,450
Accumulated depreciation
At 01 January 2023 0 0 0
Charge for the financial year 0 556 556
At 31 December 2023 0 556 556
Net book value
At 31 December 2023 16,450 19,444 35,894
At 31 December 2022 0 0 0

4. Investment property

Investment property
£
Valuation
As at 01 January 2023 1,988,757
As at 31 December 2023 1,988,757

Valuation

The 2023 valuations were made by the director, on an open market value for existing use basis. No formal valuation has been obtained.

5. Fixed asset investments

Other investments Total
£ £
Cost or valuation before impairment
At 01 January 2023 707,944 707,944
At 31 December 2023 707,944 707,944
Carrying value at 31 December 2023 707,944 707,944
Carrying value at 31 December 2022 707,944 707,944

6. Debtors

2023 2022
£ £
Trade debtors 7,094 4,664
Prepayments and accrued income 13,590 9,913
Other debtors 47,761 37,761
68,445 52,338

7. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans (secured) 70,218 121,635
Trade creditors 51,491 9,423
Amounts owed to Group undertakings 590,714 588,219
Accruals and deferred income 6,302 76,101
Taxation and social security 76,671 21,859
795,396 817,237

8. Creditors: amounts falling due after more than one year

2023 2022
£ £
Bank loans (secured) 644,782 663,582

The bank loans are secured against the properties in which they relate to.

9. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
2 Ordinary shares of £ 1.00 each 2 2

10. Related party transactions

Transactions with the entity's directors

Dividends were declared to the directors during the year of £100,000 (2022: £nil).