The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Coleraine Skip Hire & Recycling Limited is a private company limited by shares domiciled and incorporated in Northern Ireland. The registered office is 56 Craigmore Road, Ringsend, Garvagh, Co Londonderry, BT51 5HF.

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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

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 financial instruments at fair value. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 400 of the Companies Act 2006 not to prepare consolidated accounts. The financial statements present information about the company as an individual entity and not about its group.

Coleraine Skip Hire & Recycling Limited is a wholly owned subsidiary of River Ridge Holdings Limited, and the results of Coleraine Skip Hire & Recycling Limited are included in the consolidated financial statements of River Ridge Holdings Limited, which are available from River Ridge Holdings Limited, 56 Craigmore Road, Ringsend, Garvagh, Coleraine, BT51 5HF.

The company recorded a trading loss for the period ended true31 December 2024 and at that date there is also a profit and loss reserve deficit.

The company's ability to continue as a going concern is dependent upon the support of other group companies. The immediate parent company has confirmed that such support will continue to be made available to the company, and that it will not seek repayment of the debt owed to it for the foreseeable future.

On this basis, at the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

During the current period the company extended its financial reporting date from 30th June 2024 to 31st December 2024, to align its reporting period with that used by its ultimate parent company. Thus the current period results cover the 18 month period from 1st July 2023 to 31st December 2024, while the comparative figures are for the 12 month period to 30th June 2023.

Turnover represents the invoiced amounts of goods sold and services provided net of value added tax. Turnover comprises amounts invoiced to third parties during the year for landfill gate fees and is recognised when a right to consideration is obtained from the performance of contractural obligations.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Direct cost of cell utilisation

A percentage of landfill cell direct costs is charged to the Profit and Loss Account in line with the percentage capacity of each individual cell utilised by waste deposited during the year. The balance of the unutilised cell expenditure is shown in the Current Assets of the Balance Sheet as direct costs paid in advance, and will be charged to future Profit and Loss Accounts as the holding capacity of each individual cell is utilised.

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

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 current liabilities.

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

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.

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

The tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

Provisions are recognised when the company has a legal or constructive present obligation 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 reporting end date, taking into account the risks and uncertainties surrounding the obligation. Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value. When a provision is measured at present value, the unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

Aftercare costs

The company provides for aftercare costs over the life of its landfill sites, based on the volumes of waste deposited.

The company has taken advantage of the exemption contained in FRS 102 Section 33.1A "Related Party Disclosures", which allows 100% owned subsidiaries to not disclose details of transactions with its parent or fellow 100% owned subsidiary companies.

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

The average monthly number of persons (including directors) employed by the company during the period was:

Details of the company's subsidiaries at 31 December 2024 are as follows:

The Bank of Ireland holds the following security against Coleraine Skip Hire & Recycling Limited, for banking facilities provided to the wider River Ridge group:-

• a Group Debenture - made by River Ridge Recycling (Portadown) Ltd, River Ridge Recycling Limited, River Ridge Energy Ltd, Full Circle Power Limited, Pioneer Fuels Ltd, Coleraine Skip Hire & Recycling Limited, River Ridge Recycling (Belfast) Limited and River Ridge Holdings Limited - in favour of The Governor and Company of the Bank of Ireland as Security Trustee incorporating full fixed and floating security.

• a mortgage / charge over shares made by Coleraine Skip Hire & Recycling Limited in favour of The Governor and Company of the Bank of Ireland as Security Trustee over shares held in Full Circle Power Limited and Pioneer Fuels Ltd.

• an Unlimited Circular Guarantee and Indemnity - made by River Ridge Recycling (Portadown) Ltd, River Ridge Recycling Limited, River Ridge Energy Ltd, Full Circle Power Limited, Pioneer Fuels Ltd, Coleraine Skip Hire & Recycling Limited, River Ridge Recycling (Belfast) Limited and River Ridge Holdings Limited - in favour of The Governor and Company of the Bank of Ireland as Security Trustee.

• a Deed of Confirmation made by Coleraine Skip Hire & Recycling Limited, and The Governor and Company of the Bank of Ireland, in respect of confirming the terms of the existing security documents.

• a Debenture made by Coleraine Skip Hire & Recycling Limited in favour of The Governor and Company of the Bank of Ireland as Security Trustee incorporating full fixed and floating security.

• a Mortgage Debenture made by Coleraine Skip Hire & Recycling Limited in favour of The Governor and Company of the Bank of Ireland as Security Trustee incorporating full fixed and floating security, including all lands and premises situated at Craigmore Road, Ringsend, County Londonderry.

• a Legal Charge made by Coleraine Skip Hire & Recycling Limited in favour of The Governor and Company of the Bank of Ireland as Security Trustee over all lands and premises situated at Electra Road, Maydown, and Units F4-F7 & Unit 9C New Buildings Industrial Estate, Londonderry.

• a deposit of waste management licences, and pollution prevention and control licences, in respect of the Coleraine Skip Hire & Recycling Limited premises at Craigmore Road, Ringsend, Londonderry, at Electra Road, Maydown, and at New Buildings Industrial Estate, Londonderry.

• a Legal Charge made by Coleraine Skip Hire & Recycling Limited in favour of The Governor and Company of the Bank of Ireland as Security Trustee over all freehold land at Craigmore Road, Garvagh, Londonderry.

The company is liable for the costs of maintaining it's existing landfill cells, both up to the end of their economic lives (currently estimated to be 14 years after the balance sheet date), and a further period of 60 years beyond the closure of the landfill site. The estimated costs of these maintenance works form the basis of the Aftercare provision. Aftercare expenditure relates to items such as monitoring costs, and gas and leachate management, and may be influenced by uncertainties such as changes in legislation and technology, the accuracy of site surveys, and changes in the real discount rate. The provision is based on management's best estimate, along with the use of external consultants, of the future annual costs associated with these activities over the 60 year period, using amounts reviewed by, and agreed with, the Northern Ireland Environment Agency ("NIEA"). The figures used assume inflationary increases of 2%, and are discounted using a rate of 4%.

The Cell Capping provision reflects the future expected costs of applying the final capping layer to the company's existing and active landfill cells. The final capping layer is required following the end of a cell's useful economic life, and the build-up of the provision begins at completion of the cell's construction. Costs are estimated using the work of both external consultants and internal experts, and is subject to an annual review. While most of the capping costs making up this provision are expected to be incurred within the next few years (within 6 years) after consumption of the cell voids, an element of the cell capping costs is not expected to be incurred until 12 years after the date of these financial statements. For that element of the provision, a discount rate of 4% has been used.

The ordinary shares entitle the shareholders to:

• full voting rights;

• full rights to participate in dividends, as voted; and

• full rights to participate in a distribution including in a winding up situation.

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

In our opinion the financial statements:

• give a true and fair view of the state of the company's affairs as at 31 December 2024 and of its loss for the period then ended;

• have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

• have been prepared in accordance with the requirements of the Companies Act 2006.

The directors are considered to be the key management personnel of the company. The directors did not receive any remuneration for their services during the year.

Included within Other Interest Received is an amount of £Nil (2023 - £11,189) paid from a company sharing a common shareholder and directors with Coleraine Skip Hire and Recycling Limited ("CSH"). The balance owed by this company to CSH at the year end was £224,036 (2023 - £224,036) and is included within Debtors.

Included within Debtors is a balance of £Nil (2023 - £14,200), owed by a company sharing a common shareholder and director with CSH.

The company has taken advantage of the exemption contained in FRS 102 Section 33.1A "Related Party Disclosures", which allows 100% owned subsidiaries to not disclose details of transactions with its parent or fellow 100% owned subsidiary companies.

No guarantees have been given or received.

The company's parent company and the parent of the smallest and largest group for which group accounts are prepared is River Ridge Holdings Limited, copies of the accounts of which can be obtained from its registered office at 56 Craigmore Road, Ringsend, Coleraine, BT51 5HF.