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REGISTERED NUMBER: 09707470 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

Enviroparks Bond III Limited

Enviroparks Bond III Limited (Registered number: 09707470)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Enviroparks Bond III Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mr D R Williams





REGISTERED OFFICE: First Floor Offices Park Chambers
10 Hereford Road
ABERGAVENNY
Monmouthshire
NP7 5PR





REGISTERED NUMBER: 09707470 (England and Wales)





AUDITORS: Ashmole & Co
First Floor
1 St John's Court
Upper Fforest Way
Enterprise Park
Swansea
SA6 8QQ

Enviroparks Bond III Limited (Registered number: 09707470)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 5,390,537 5,117,471
Cash at bank 127 253
5,390,664 5,117,724
CREDITORS
Amounts falling due within one year 5 5,390,663 12,846
NET CURRENT ASSETS 1 5,104,878
TOTAL ASSETS LESS CURRENT
LIABILITIES

1

5,104,878

CREDITORS
Amounts falling due after more than one
year

6

-

5,104,877
NET ASSETS 1 1

CAPITAL AND RESERVES
Called up share capital 1 1
1 1

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 17 March 2025 and were signed by:





Mr D R Williams - Director


Enviroparks Bond III Limited (Registered number: 09707470)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Enviroparks Bond III 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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

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 NIL (2023 - NIL).

Enviroparks Bond III Limited (Registered number: 09707470)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 5,383,569 5,110,503
Other debtors 6,968 6,968
5,390,537 5,117,471

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 1,500 1,500
Other creditors 5,389,163 11,346
5,390,663 12,846

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Other creditors - 5,104,877

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Loan 5,377,817 5,104,877

The loan is secured by means of a fixed and floating charge over the company's assets.

Enviroparks Bond III Limited (Registered number: 09707470)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. GOING CONCERN

These accounts have been prepared under the going concern basis. The company has the support of other companies within the Enviroparks group. The Enviroparks group has provided security for the loans to the company by way of a charge on a property owned by a wholly owned subsidiary, Enviroparks (Hirwaun Properties) Limited. The Enviroparks group required refinancing in August 2024 to enable the debts of the company to be repaid and to continue trading until its waste processing facility becomes operational. The Enviroparks group have entered into a series of corporate actions to extend the re finance date to 30 November 2025, six resolutions under the corporate action are required and at the date of signing the financial statements five of the resolutions have been passed with the final meeting due to be held on 31 March 2025. The Enviroparks group are currently in discussions with various parties regarding refinance packages. The directors are confident that refinancing will be obtained before the bonds fall due for payment. However as at the date of approving the financial statement no refinance package has been agreed. If the accounts were not prepared on a going concern basis but instead on the break up basis then fixed assets would be recognised as current assets and long term liabilities would be recognised as current liabilities. As a result it is likely that the net recoverable amount of assets would be significantly less than reflected in the financial statements.

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

The Report of the Auditors was unqualified.

S K Keith (Senior Statutory Auditor)
for and on behalf of Ashmole & Co

10. ULTIMATE CONTROLLING PARTY

The controlling party is Zeus Renewables Ltd