Land & Water Remediation Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04561112

LAND & WATER REMEDIATION LIMITED

FILLETED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 December 2024

LAND & WATER REMEDIATION LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2024

Contents	Pages

Statement of financial position	1 to 2

Notes to the financial statements	3 to 8

LAND & WATER REMEDIATION LIMITED

STATEMENT OF FINANCIAL POSITION

31 December 2024

	2024		2023
Note	£	£	£

Fixed assets

Tangible assets	5	978,720	1,252,519
Investments	6	100	100
		---------	------------
		978,820	1,252,619

Current assets

Debtors	7	2,471,373	5,277,165
Cash at bank and in hand		2,591,885	3,352,648
		------------	------------
		5,063,258	8,629,813

Creditors: amounts falling due within one year	8	3,563,735		7,732,844
		------------		------------
Net current assets			1,499,523	896,969
			------------	------------
Total assets less current liabilities			2,478,343	2,149,588

Creditors: amounts falling due after more than one year	9		282,640	436,904

Provisions

Taxation including deferred tax	146,647	177,444
	------------	------------
Net assets	2,049,056	1,535,240
	------------	------------

Capital and reserves

Called up share capital	111	111
Share premium account	76,992	76,992
Profit and loss account	1,971,953	1,458,137
	------------	------------
Shareholders funds	2,049,056	1,535,240
	------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

LAND & WATER REMEDIATION LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 30 September 2025 , and are signed on behalf of the board by:

Mr R E Melhuish Mr J A Maclean

Company registration number: 04561112

LAND & WATER REMEDIATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Numeric House, 98 Station Road, Sidcup, Kent, DA15 7BY, United Kingdom.

2. Statement of compliance

These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure Is required to show a true and fair view.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through the statement of comprehensive income. The financial statements are prepared in sterling, which is the functional currency of the entity.

Debtors

Debtors are initially recorded at fair value and are assessed for impairment at each year end date. If any impairments exist the debtors are remeasured to the present value of the expected future cash inflows.

Creditors

Creditors are initially recorded at fair value and are then remeasured to the present value of the expected future cash outflows.

Statement of cash flows

The company has taken advantage of the small companies exemptions and not prepared a statement of cash flows.

Revenue recognition

Revenue refers to amounts earned from the Company's principal activity; the provision of Environmental Contracting services. The company provides environmental contracting services, including site remediation, ecological restoration, waste handling, and environmental monitoring. Revenue is measured at the fair value of the consideration received or receivable, excluding VAT and net of discounts and rebates. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that it is probable the expenses recognised will be recovered.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Tangible assets with a cost value in excess of £500 are capitalised, all items below this limit are expensed through the statement of comprehensive income.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Leasehold Property	-	50%, 17.50%, 12.50%, 10% Straight Line
Plant and Machinery	-	33%, 25%, 20% & 15% Reducing Balance
Fixtures and Fittings	-	50%, 33%, 25%, 15% Straight Line
Motor Vehicles	-	33% straight line

The total residual value of all tangible assets is deemed to be £15,000 .

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Investments in associates

Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.

Investments in joint ventures

Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Judgements and key sources of estimation uncertainty

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are as follows:

Included in the accounts there is an accrual for the monies due to Port London Authority based on the cubic metres of waste that is placed in the Rainham Silt Lagoon. This is on a fixed rate per cubic meters but this is subjective to some level of estimation. At the year the total accrual was £1,859,837.

4. Particulars of employees

The average number of persons employed by the company during the year amounted to 4 (2023: 4 ).

Salary recharges were also made from Land & Water Services Limited, a related party.

5. Tangible assets

	Land and buildings	Plant and machinery	Fixtures and fittings	Motor vehicles	Total
	£	£	£	£	£
Cost
At 1 January 2024	2,067,802	908,777	234,085	3,500	3,214,164
Additions	28,866	12,800	7,490	30,000	79,156
	------------	---------	---------	--------	------------
At 31 December 2024	2,096,668	921,577	241,575	33,500	3,293,320
	------------	---------	---------	--------	------------
Depreciation
At 1 January 2024	1,597,373	198,680	165,304	288	1,961,645
Charge for the year	191,061	104,751	55,162	1,981	352,955
	------------	---------	---------	--------	------------
At 31 December 2024	1,788,434	303,431	220,466	2,269	2,314,600
	------------	---------	---------	--------	------------
Carrying amount
At 31 December 2024	308,234	618,146	21,109	31,231	978,720
	------------	---------	---------	--------	------------
At 31 December 2023	470,429	710,097	68,781	3,212	1,252,519
	------------	---------	---------	--------	------------

Finance leases and hire purchase contracts

Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:

	Plant and machinery
	£
At 31 December 2024	551,029
	---------
At 31 December 2023	632,650
	---------

6. Investments

	Shares in group undertakings
	£
Cost
At 1 January 2024 and 31 December 2024	100
	----
Impairment
At 1 January 2024 and 31 December 2024	–
	----

Carrying amount
At 31 December 2024	100
	----
At 31 December 2023	100
	----

7. Debtors

	2024	2023
	£	£
Trade debtors	711,244	593,432
Amounts owed by group undertakings	805,633	1,682,437
Other debtors	954,496	3,001,296
	------------	------------
	2,471,373	5,277,165
	------------	------------

The debtors above include the following amounts falling due after more than one year:

	2024	2023
	£	£
Other debtors	766,105	216,152
	---------	---------

8. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	281,825	244,392
Amounts owed to group undertakings and undertakings in which the company has a participating interest	1,021,189	3,488,086
Corporation tax	262,037	332,569
Social security and other taxes	136,610	212,939
Other creditors	1,862,074	3,454,858
	------------	------------
	3,563,735	7,732,844
	------------	------------

The company has entered into a composite accounting agreement with Natwest Bank Plc between Land & Water Services Limited, Land & Water Plant Limited, Land & Water Remediation Limited, Land & Water Estates Limited, M.H.J. Limited & Land and Water Group Limited. Under the terms of this agreement the bank is authorised in certain circumstances to seize bank account balances and apply them in reduction of liabilities including overdrawn bank accounts of the other group companies in the agreement. The total potential liability under the composite agreement at the year end is £2,312,912. Last year the company entered into a debenture with Natwest Bank Plc, all assets of the company are held as security as part of the agreement.

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

	2024	2023
	£	£
Other creditors	282,640	436,904
	---------	---------

10. Summary audit opinion

The auditor's report dated 30 September 2025 was unqualified .

The senior statutory auditor was Christopher Jones FCCA , for and on behalf of Affinia (Orpington) .

11. Directors' advances, credits and guarantees

At the year end the company was owed £15,000 by the directors. These loans were made interest free and are repayable on demand .

12. Related party transactions

At the year end the company owe £305,695 to Land & Water Services Limited, £1,983 to Land & Water Plant Limited and £419,002 to Land and Water Group Limited. Land & Water Remediation Limited are related to these companies as they are all part of the same group company as the majority of their shares are owned by MHJ Limited. At the year end the company was owed £516,124 by MHJ Limited. MHJ Limited is the parent company of Land & Water Remediation Limited. At the year end the company was owed £766,105 by Rainham Aggregates Limited. Land & Water Remediation Limited are related to them as they own 50% shareholdings in Rainham Aggregates Limited During the year sales were made to Land & Water Services Limited of £394,824 and purchases were made from them of £951,914. There were also salaries recharged from Land & Water Services Limited of £200,700. During the year purchases were made from Land and Water Group Limited of £885,376 of which £466,308 relates to management charges payable. During the year purchases were made from Land & Water Plant Limited of £74,396. During the year purchases were made from MHJ Limited of £370,225 of which £194,713 relates to management charges payable. All loans were made interest free and are repayable on demand. All transactions are at market value.

13. Ultimate parent company

The company's ultimate parent undertaking is M.H.J. Limited. It has included the company in its consolidated financial statements, copies of which are available from its registered office: Numeric House, 98 Station Road, Sidcup, Kent, DA15 7BY.