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REGISTERED NUMBER: 12970312 (England and Wales)















SERIOUS WASTE HOLDINGS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024






SERIOUS WASTE HOLDINGS LIMITED (REGISTERED NUMBER: 12970312)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SERIOUS WASTE HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: Mr R Menzies
Mr G M Iandolo





REGISTERED OFFICE: King Arthurs Court
Maidstone Road
Charing
Ashford
Kent
TN27 0JS





REGISTERED NUMBER: 12970312 (England and Wales)





AUDITORS: Spurling Cannon Audit Limited
424 Margate Road
Westwood
Ramsgate
Kent
CT12 6SJ

SERIOUS WASTE HOLDINGS LIMITED (REGISTERED NUMBER: 12970312)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £   
FIXED ASSETS
Investments 4 3,330,555 3,330,555

CURRENT ASSETS
Debtors 5 22,703 18,000
Cash at bank 1 1
22,704 18,001
CREDITORS
Amounts falling due within one year 6 (2,854,081 ) (2,607,902 )
NET CURRENT LIABILITIES (2,831,377 ) (2,589,901 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

499,178

740,654

CREDITORS
Amounts falling due after more than one year 7 (768,700 ) (931,650 )
NET LIABILITIES (269,522 ) (190,996 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (269,622 ) (191,096 )
(269,522 ) (190,996 )

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 29 July 2025 and were signed on its behalf by:





Mr R Menzies - Director


SERIOUS WASTE HOLDINGS LIMITED (REGISTERED NUMBER: 12970312)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

Serious Waste 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - NIL ) .

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 August 2023
and 31 July 2024 3,330,555
NET BOOK VALUE
At 31 July 2024 3,330,555
At 31 July 2023 3,330,555

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Directors' current accounts 22,703 18,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 2,486,446 2,235,564
Directors' current accounts 367,635 372,338
2,854,081 2,607,902

SERIOUS WASTE HOLDINGS LIMITED (REGISTERED NUMBER: 12970312)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 181,580 162,950
Bank loans - 2-5 years 424,488 606,068
Other creditors 162,632 162,632
768,700 931,650

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

The Report of the Auditors was unqualified.

Jonathan Spurling (Senior Statutory Auditor)
for and on behalf of Spurling Cannon Audit Limited

9. GOING CONCERN

The company has made a loss during the year and at the balance sheet date, it had net liabilities. The
company is reliant on the support by the directors, who have lent the company a loan.

On the basis that the directors will continue to support the reporting entity for the foreseeable future,
the directors considers it appropriate to prepare the financial statements on a going concern basis.