REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 10 July 2023 to 31 August 2024 |
for |
Wye Valley Demolition Holdings Limited |
REGISTERED NUMBER: |
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: |
Secretary: |
Registered office: |
Registered number: |
Accountants: |
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 |
CURRENT ASSETS |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 | ( |
) |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
6 |
( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Share premium |
Retained earnings |
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 were approved by the Board of Directors and authorised for issue on |
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 |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
4. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
Cost |
Additions |
At 31 August 2024 |
Net book value |
At 31 August 2024 |
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 |
Other creditors |
6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
£ |
Other creditors |
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. |