IRIS Accounts Production v24.3.2.46 05641261 Board of Directors 1.4.23 31.3.24 31.3.24 18/3/25 0 0 true false true false false true false Auditors Opinion iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh056412612023-03-31056412612024-03-31056412612023-04-012024-03-31056412612022-03-31056412612022-04-012023-03-31056412612023-03-3105641261ns15:EnglandWales2023-04-012024-03-3105641261ns14:PoundSterling2023-04-012024-03-3105641261ns10:Director12023-04-012024-03-3105641261ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3105641261ns10:SmallEntities2023-04-012024-03-3105641261ns10:Audited2023-04-012024-03-3105641261ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3105641261ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3105641261ns10:FullAccounts2023-04-012024-03-3105641261ns10:Director22023-04-012024-03-3105641261ns10:RegisteredOffice2023-04-012024-03-3105641261ns5:CurrentFinancialInstruments2024-03-3105641261ns5:CurrentFinancialInstruments2023-03-3105641261ns5:Non-currentFinancialInstruments2024-03-3105641261ns5:Non-currentFinancialInstruments2023-03-3105641261ns5:ShareCapital2024-03-3105641261ns5:ShareCapital2023-03-3105641261ns5:FurtherSpecificReserve1ComponentTotalEquity2024-03-3105641261ns5:FurtherSpecificReserve1ComponentTotalEquity2023-03-3105641261ns5:RetainedEarningsAccumulatedLosses2024-03-3105641261ns5:RetainedEarningsAccumulatedLosses2023-03-3105641261ns5:PlantMachinery2023-04-012024-03-3105641261ns5:ComputerEquipment2023-04-012024-03-3105641261ns5:PlantMachinery2023-03-3105641261ns5:ComputerEquipment2023-03-3105641261ns5:PlantMachinery2024-03-3105641261ns5:ComputerEquipment2024-03-3105641261ns5:PlantMachinery2023-03-3105641261ns5:ComputerEquipment2023-03-3105641261ns5:CostValuation2023-03-31
REGISTERED NUMBER: 05641261 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

Enviroparks (Hirwaun) Limited

Enviroparks (Hirwaun) Limited (Registered number: 05641261)






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 (Hirwaun) Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr D R Williams
Mr A M Williams





REGISTERED OFFICE: 1st Floor offices
Park Chambers
10 Hereford Road
ABERGAVENNY
Monmouthshire
NP7 5PR





REGISTERED NUMBER: 05641261 (England and Wales)





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

Enviroparks (Hirwaun) Limited (Registered number: 05641261)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investments 5 1 1
1 1

CURRENT ASSETS
Debtors 6 1,744,273 1,744,273
Cash at bank 6 -
1,744,279 1,744,273
CREDITORS
Amounts falling due within one year 7 6,447,861 6,447,775
NET CURRENT LIABILITIES (4,703,582 ) (4,703,502 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(4,703,581

)

(4,703,501

)

CREDITORS
Amounts falling due after more than one
year

8

196,449

196,449
NET LIABILITIES (4,900,030 ) (4,899,950 )

CAPITAL AND RESERVES
Called up share capital 2 2
Capital contribution reserve 482,112 482,112
Retained earnings (5,382,144 ) (5,382,064 )
SHAREHOLDERS' FUNDS (4,900,030 ) (4,899,950 )

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 17 March 2025 and were signed on its behalf by:




Mr D R Williams - Director


Enviroparks (Hirwaun) Limited (Registered number: 05641261)

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

1. STATUTORY INFORMATION

Enviroparks (Hirwaun) 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Computer equipment - 25% on cost

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 April 2023 7,470 4,708 12,178
Disposals (7,470 ) (4,708 ) (12,178 )
At 31 March 2024 - - -
DEPRECIATION
At 1 April 2023 7,470 4,708 12,178
Eliminated on disposal (7,470 ) (4,708 ) (12,178 )
At 31 March 2024 - - -
NET BOOK VALUE
At 31 March 2024 - - -
At 31 March 2023 - - -

Enviroparks (Hirwaun) Limited (Registered number: 05641261)

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

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2023
and 31 March 2024 1
NET BOOK VALUE
At 31 March 2024 1
At 31 March 2023 1

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Owed by group undertaking 1,744,273 1,744,273

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 13
Trade creditors - 1
Owed to group undertaking 6,417,855 6,417,755
Other creditors 30,006 30,006
6,447,861 6,447,775

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Accruals and deferred income 196,449 196,449

Enviroparks (Hirwaun) Limited (Registered number: 05641261)

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

9. 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.

10. 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

11. ULTIMATE CONTROLLING PARTY

The controlling party is Zeus Renewables Ltd