REGISTERED NUMBER: 09007328 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Radical Waste Group Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

Fixed assets

Tangible assets

5

4,045,114

2,394,114

Investments

6

2,851,002

2,851,002

6,896,116

5,245,116

Current assets

Debtors

7

340,730

262,771

Cash at bank and in hand

729

21,745

341,459

284,516

Creditors

Amounts falling due within one year

8

(504,783

)

(130,485

)

Net current (liabilities)/assets

(163,324

)

154,031

Total assets less current liabilities

6,732,792

5,399,147

Creditors

Amounts falling due after more than one year

9

(2,085,609

)

(2,271,927

)

Provisions for liabilities

(612,500

)

(349,283

)

Net assets

4,034,683

2,777,937

Capital and reserves

Called up share capital

100

100

Revaluation reserve

10

4,357,233

2,657,233

Retained earnings

(322,650

)

120,604

4,034,683

2,777,937

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 September 2025 and were signed by:

Mr J Knights - Director

1.	Statutory information

Radical Waste Group Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

09007328

Registered office:

Beccles Business Park

Anson Way

Ellough

Beccles

Suffolk

NR34 7TL

The presentation currency of the financial statements is the Pound Sterling (£).

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 as modified by the revaluation of certain assets.

Critical accounting judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investments in subsidiaries

Fixed Asset investments are initially recorded at cost and subsequently revalued to fair value. They are held at fair value and reviewed for impairment on an annual basis.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Fixed assets

Tangible fixed 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.

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

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:

Freehold property - straight line basis over 50 years

4.	Employees and directors

The average number of employees during the year was 1 (2023 - 1 ) .

5.	Tangible fixed assets

Freehold

property

£

Cost or valuation

At 1 January 2024

2,450,000

Revaluations

1,700,000

At 31 December 2024

4,150,000

Depreciation

At 1 January 2024

55,886

Charge for year

49,000

At 31 December 2024

104,886

Net book value

At 31 December 2024

4,045,114

At 31 December 2023

2,394,114

The valuation of the Investment in subsidiaries have been considered by the director at the balance sheet date. The valuation has been derived from the directors expert knowledge taking due consideration of recent independent professional valuations, the assumptions used therein and equivalent transactions in the local area and related industry.

The Freehold Property has been independently valued on 4th October 2024 following an inspection on 18th September 2024 by BNP Paribas Real Estate and was valued at £4,150,000.

6.	Fixed asset investments

Shares in

group

undertakings

£

Cost

At 1 January 2024

and 31 December 2024

2,851,002

Net book value

At 31 December 2024

2,851,002

At 31 December 2023

2,851,002

The investment was professionally valued by Pinders Professional & Consultancy Limited, an independent expert in April 2021. The valuation is deemed to reflect the fair value of the investment as at 31 December 2024.

7.

Debtors: amounts falling due within one year

2024

2023

as restated

£

£

Amounts owed by group undertakings

240,384

261,758

Other debtors

100,346

1,013

340,730

262,771

8.

Creditors: amounts falling due within one year

2024

2023

as restated

£

£

Bank loans and overdrafts

135,181

128,945

Trade creditors

67,718

-

Other creditors

301,884

1,540

504,783

130,485

The bank loans are secured on the assets of the company & the assets of its subsidiary company.

9.

Creditors: amounts falling due after more than one year

2024

2023

as restated

£

£

Bank loans

1,303,031

1,444,448

Other creditors

782,578

827,479

2,085,609

2,271,927

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

764,801

868,808

The bank loans are secured on the assets of the company & the assets of its subsidiary company.

10.

Reserves

Revaluation

reserve

£

At 1 January 2024

2,657,233

Revaluation reserve

1,700,000

At 31 December 2024

4,357,233

Profit and loss account - This reserve records distributable retained earnings and accumulated losses.