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REGISTERED NUMBER: 12705939 (England and Wales)















Financial Statements for the Year Ended 30 June 2024

for

Evason Environmental Holdings Ltd

Evason Environmental Holdings Ltd (Registered number: 12705939)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Evason Environmental Holdings Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTORS: A F Moss
L S Talbot
M Evason





REGISTERED OFFICE: Site 7, Meriden Park Cornets End Lane
Meriden
Coventry
CV7 7LG





REGISTERED NUMBER: 12705939 (England and Wales)





AUDITORS: Thornton Springer LLP
Chartered Accountants and
Statutory Auditor
67 Westow Street
London
SE19 3RW

Evason Environmental Holdings Ltd (Registered number: 12705939)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £   
FIXED ASSETS
Tangible assets 5 495,001 -
Investments 6 5,001 5,001
500,002 5,001

CURRENT ASSETS
Cash at bank 100 100

CREDITORS
Amounts falling due within one year 7 (496,416 ) (1,415 )
NET CURRENT LIABILITIES (496,316 ) (1,315 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,686

3,686

CAPITAL AND RESERVES
Called up share capital 9 5,000 5,000
Retained earnings (1,314 ) (1,314 )
SHAREHOLDERS' FUNDS 3,686 3,686

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 20 March 2025 and were signed on its behalf by:





L S Talbot - Director


Evason Environmental Holdings Ltd (Registered number: 12705939)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 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.

4. EMPLOYEES AND DIRECTORS

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

5. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
Additions 495,001
At 30 June 2024 495,001
NET BOOK VALUE
At 30 June 2024 495,001

Evason Environmental Holdings Ltd (Registered number: 12705939)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 July 2023
and 30 June 2024 5,001
NET BOOK VALUE
At 30 June 2024 5,001
At 30 June 2023 5,001

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Shropshire Fields
Registered office: Site 7, Meriden Park, Cornets End Lane, Coventry, CV7 7LG
Nature of business: Recycling
%
Class of shares: holding
Ordinary 100.00
30.6.24 30.6.23
£    £   
Aggregate capital and reserves (33,563 ) (536,044 )
Profit/(loss) for the year/period 502,481 (630,504 )

H. Evason Ltd
Registered office: Site 7, Meriden Park, Cornets End Lane, Coventry, CV7 7LG
Nature of business: Recycling
%
Class of shares: holding
Ordinary 100.00
30.6.24 30.6.23
£    £   
Aggregate capital and reserves (186,306 ) 1
Loss for the year/period (186,307 ) -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Amounts owed to group undertakings 495,815 215
Other creditors 601 1,200
496,416 1,415

8. SECURED DEBTS

The company has a cross guarantee with H. Evason & Co. This is a fixed and floating charge over the undertaking and all assets of the company.

Evason Environmental Holdings Ltd (Registered number: 12705939)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
5,000 Ordinary £1 5,000 5,000

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

The Report of the Auditors was unqualified.

Zahid Saleem FCCA ACA (Senior Statutory Auditor)
for and on behalf of Thornton Springer LLP

11. RELATED PARTY DISCLOSURES

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.

12. ULTIMATE CONTROLLING PARTY

On 08/11/2023 Evason Environmental Holdings Limited was acquired by PowerX Holdings Limited (Ultimate parent) and these accounts have been consolidated in the PowerX Holdings Ltd accounts and for which copies of the consolidated financial statements can be obtained from Companies House, Crown Way, Cardiff, CF14 3UZ.

The directors of PowerX Holdings Limited are considered to be the ultimate controlling parties by virtue of their ability to act in concert in respect of the financial and operating policies of the company.