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REGISTERED NUMBER: 14991329 (England and Wales)















Unaudited Financial Statements

for the Period 10 July 2023 to 31 August 2024

for

Wye Valley Demolition Holdings Limited

Wye Valley Demolition Holdings Limited (Registered number: 14991329)

Contents of the Financial Statements
for the period 10 July 2023 to 31 August 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Wye Valley Demolition Holdings Limited

Company Information
for the period 10 July 2023 to 31 August 2024







Directors: T M H Davies
A J Moulton
G M Pettigrew





Secretary: S A Howell





Registered office: Lloyd George House
5 Fordshill Road
Rotherwas Industrial Estate
Hereford
HR2 6NS





Registered number: 14991329 (England and Wales)





Accountants: Acre Accountancy Limited
Unit 2 Foley Works
Foley Industrial Estate
Hereford
Herefordshire
HR1 2SF

Wye Valley Demolition Holdings Limited (Registered number: 14991329)

Balance Sheet
31 August 2024

Notes £   
FIXED ASSETS
Investments 4 5,458,700

CURRENT ASSETS
Cash at bank 149,996

CREDITORS
Amounts falling due within one year 5 (1,138,841 )
NET CURRENT LIABILITIES (988,845 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,469,855

CREDITORS
Amounts falling due after more than one
year

6

(3,502,500

)
NET ASSETS 967,355

CAPITAL AND RESERVES
Called up share capital 60
Share premium 149,940
Retained earnings 817,355
967,355

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Wye Valley Demolition Holdings Limited (Registered number: 14991329)

Balance Sheet - continued
31 August 2024


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 31 January 2025 and were signed on its behalf by:





A J Moulton - Director


Wye Valley Demolition Holdings Limited (Registered number: 14991329)

Notes to the Financial Statements
for the period 10 July 2023 to 31 August 2024


1. STATUTORY INFORMATION

Wye Valley Demolition Holdings 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.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the period 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 period 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 period was 3 .

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
Cost
Additions 5,458,700
At 31 August 2024 5,458,700
Net book value
At 31 August 2024 5,458,700

Wye Valley Demolition Holdings Limited (Registered number: 14991329)

Notes to the Financial Statements - continued
for the period 10 July 2023 to 31 August 2024


5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Amounts owed to group undertakings 58,700
Other creditors 1,080,141
1,138,841

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Other creditors 3,502,500

Amounts falling due in more than five years:

Repayable by instalments
S Howell loan 300,000
A Howell loan 300,000
600,000

7. RELATED PARTY DISCLOSURES

The company acquired a 60% shareholding in Wye Valley Demolition Limited on 17 October 2023 for £5,400,000. This was financed by way of issuing loan notes to the shareholder/directors of Wye Valley Demolition Limited, Andrew and Sue Howell (£1,350,000 each), and a loan from another company Andrew and Sue Howell are directors/shareholders - Avalon Metals Limited (£2,700,000). The Avalon Metals loan is repayable over 4 years and attracts interest at 3% above the base rate of NatWest plc. The interest charge in the period was £175,294.

A fixed and floating charge on the assets of both Wye Valley Demolition Holdings Limited and Wye Valley Demolition Limited is held by Andrew Howell, as trustee of both Avalon Metals Limited and the loan note holders.