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Company No: 10244405 (England and Wales)

ENVIRON HOLDINGS LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2024
Pages for filing with the registrar

ENVIRON HOLDINGS LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2024

Contents

ENVIRON HOLDINGS LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 December 2024
ENVIRON HOLDINGS LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 December 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 366,683 35,894
Investment property 4 1,988,757 1,988,757
Investments 5 961,152 707,944
3,316,592 2,732,595
Current assets
Debtors 6 237,492 41,396
Cash at bank and in hand 3,230 79,773
240,722 121,169
Creditors: amounts falling due within one year 7 ( 848,972) ( 718,725)
Net current liabilities (608,250) (597,556)
Total assets less current liabilities 2,708,342 2,135,039
Creditors: amounts falling due after more than one year 8 ( 1,103,942) ( 644,782)
Provision for liabilities ( 76,636) ( 58,596)
Net assets 1,527,764 1,431,661
Capital and reserves
Called-up share capital 9 2 2
Profit and loss account 1,527,762 1,431,659
Total shareholders' funds 1,527,764 1,431,661

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Environ Holdings Limited (registered number: 10244405) were approved and authorised for issue by the Board of Directors on 23 August 2025. They were signed on its behalf by:

S A Rowbottom
Director
ENVIRON HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
ENVIRON HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Environ Holdings Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit 4, Watford Bridge Industrial Estate Watford Bridge Road, New Mills, High Peak, SK22 4HJ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Statement of Financial Position date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Statement of Financial Position date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on over its expected useful life, as follows:

Plant and machinery 5 years straight line
Vehicles 3 - 7 years straight line
Fixtures and fittings 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets and liabilities, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment adjustment is recognised in the Statement of Income and Retained Earnings.

Loans with group companies have been impaired down to realisable value and appropriate waivers assigned.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Statement of Financial Position date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Plant and machinery Vehicles Fixtures and fittings Total
£ £ £ £
Cost
At 01 January 2024 16,450 20,000 0 36,450
Additions 1,900 374,050 10,521 386,471
At 31 December 2024 18,350 394,050 10,521 422,921
Accumulated depreciation
At 01 January 2024 0 556 0 556
Charge for the financial year 3,638 51,752 292 55,682
At 31 December 2024 3,638 52,308 292 56,238
Net book value
At 31 December 2024 14,712 341,742 10,229 366,683
At 31 December 2023 16,450 19,444 0 35,894

4. Investment property

Investment property
£
Valuation
As at 01 January 2024 1,988,757
As at 31 December 2024 1,988,757

Assumptions

These assumptions were arrived at taking account of information and advice from external property consultants, in-house property experts, publicly available data and judgement. A significant level of uncertainty exists in relation to these assumptions and any changes in these assumptions could have a material impact on the carrying value of Investment Property in the financial statements. The 2024 valuations were made by the directors, on an open market value for existing use basis.

Contingencies

As set out in note , property rental income earned during the financial year was £367,480 (2023: £320,074). No contingent rents have been recognised as income in the current or prior period.

5. Fixed asset investments

Other investments Total
£ £
Cost or valuation before impairment
At 01 January 2024 707,944 707,944
Additions 276,958 276,958
Disposals ( 16,000) ( 16,000)
Movement in fair value ( 7,750) ( 7,750)
At 31 December 2024 961,152 961,152
Carrying value at 31 December 2024 961,152 961,152
Carrying value at 31 December 2023 707,944 707,944

6. Debtors

2024 2023
£ £
Trade debtors 17,007 7,094
Prepayments and accrued income 157,363 13,590
VAT recoverable 63,122 ( 27,049)
Other debtors 0 47,761
237,492 41,396

7. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 79,833 70,218
Trade creditors 25,721 51,491
Amounts owed to connected companies 631,927 590,714
Accruals 3,001 3,292
Taxation and social security 0 3,010
Obligations under finance leases and hire purchase contracts 108,490 0
848,972 718,725

8. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans (secured) 555,335 644,782
Obligations under finance leases and hire purchase contracts (secured) 548,607 0
1,103,942 644,782

The bank loans are secured against the properties in which they relate to, and obligations under hire purchase contracts are secured against the assets in which they relate to.

9. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
2 Ordinary shares of £ 1.00 each 2 2

10. Related party transactions

Transactions with the entity's directors

Dividends were declared to the directors during the year of £60,000 (2023: £100,000).