Silverfin false false 31/03/2025 14/04/2024 31/03/2025 Julian Winston Chenoweth 01/07/2025 14/04/2024 Oscar James Milverton Gatta 14/04/2024 Paul Andrew Nicholls 14/04/2024 09 October 2025 The company was incorporated and commenced trading on 14 April 2024. The principle activity of the Company during the financial period was the treatment, disposal and recycling of hazardous and non hazardous waste. 15646067 2025-03-31 15646067 bus:Director1 2025-03-31 15646067 bus:Director2 2025-03-31 15646067 bus:Director3 2025-03-31 15646067 core:CurrentFinancialInstruments 2025-03-31 15646067 core:ShareCapital 2025-03-31 15646067 core:RetainedEarningsAccumulatedLosses 2025-03-31 15646067 core:LandBuildings 2024-04-13 15646067 core:ConstructionInProgressAssetsUnderConstruction 2024-04-13 15646067 2024-04-13 15646067 core:LandBuildings 2025-03-31 15646067 core:ConstructionInProgressAssetsUnderConstruction 2025-03-31 15646067 bus:OrdinaryShareClass1 2025-03-31 15646067 2024-04-14 2025-03-31 15646067 bus:FilletedAccounts 2024-04-14 2025-03-31 15646067 bus:SmallEntities 2024-04-14 2025-03-31 15646067 bus:AuditExemptWithAccountantsReport 2024-04-14 2025-03-31 15646067 bus:PrivateLimitedCompanyLtd 2024-04-14 2025-03-31 15646067 bus:Director1 2024-04-14 2025-03-31 15646067 bus:Director2 2024-04-14 2025-03-31 15646067 bus:Director3 2024-04-14 2025-03-31 15646067 core:LandBuildings 2024-04-14 2025-03-31 15646067 core:ConstructionInProgressAssetsUnderConstruction 2024-04-14 2025-03-31 15646067 bus:OrdinaryShareClass1 2024-04-14 2025-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 15646067 (England and Wales)

# RIG PLYMOUTH LTD

### Unaudited Financial Statements
For the financial period from 14 April 2024 to 31 March 2025
Pages for filing with the registrar

RIG PLYMOUTH LTD

## Unaudited Financial Statements

For the financial period from 14 April 2024 to 31 March 2025

Contents

RIG PLYMOUTH LTD

## STATEMENT OF FINANCIAL POSITION

As at 31 March 2025
RIG PLYMOUTH LTD

## STATEMENT OF FINANCIAL POSITION (continued)

As at 31 March 2025

| Note | 31.03.2025
|  | £
Fixed assets |  |
Tangible assets | 3 | 3,428,701
|  | 3,428,701
Current assets |  |
Debtors | 4 | 319,706
Cash at bank and in hand |  | 312,400
|  | 632,106
Creditors: amounts falling due within one year | 5 | ( 4,053,298)
Net current liabilities |  | (3,421,192)
Total assets less current liabilities |  | 7,509
Net assets |  | 7,509
Capital and reserves |  |
Called-up share capital | 6 | 1
Profit and loss account |  | 7,508
Total shareholder's funds |  | 7,509

For the financial period ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The member has not required the Company to obtain an audit of its financial statements for the financial period in accordance with section 476;
- 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; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of RIG Plymouth Ltd (registered number: 15646067) were approved and authorised for issue by the Board of Directors on 09 October 2025. They were signed on its behalf by:

Paul Andrew Nicholls Director |

RIG PLYMOUTH LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 14 April 2024 to 31 March 2025
RIG PLYMOUTH LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 14 April 2024 to 31 March 2025

##### 1. Accounting policies

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

##### General information and basis of accounting

RIG Plymouth Ltd (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 Poseidon House, Neptune Park, Plymouth, PL4 0SJ, 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 recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

##### 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.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

##### 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 a straight-line/reducing balance basis over its expected useful life, as follows:

Land and buildings | not depreciated
Assets under construction | not depreciated

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, 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 loss is recognised in the Statement of Income and Retained Earnings as described below.

##### 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.

##### Ordinary share capital

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

#### 2. Employees

| Period from 14.04.2024 to 31.03.2025
| Number
Monthly average number of persons employed by the Company during the period, including directors | 3

#### 3. Tangible assets

| Land and buildings |  | Assets under construc- tion |  | Total
| £ |  | £ |  | £
Cost |  |  |  |  |
At 14 April 2024 | 0 |  | 0 |  | 0
Additions | 3,162,121 |  | 266,580 |  | 3,428,701
At 31 March 2025 | 3,162,121 |  | 266,580 |  | 3,428,701
Accumulated depreciation |  |  |  |  |
At 14 April 2024 | 0 |  | 0 |  | 0
At 31 March 2025 | 0 |  | 0 |  | 0
Net book value |  |  |  |  |
At 31 March 2025 | 3,162,121 |  | 266,580 |  | 3,428,701

#### 4. Debtors

| 31.03.2025
| £
Trade debtors | 9,789
Amounts owed by Group undertakings | 298,613
VAT recoverable | 11,304
| 319,706

#### 5. Creditors: amounts falling due within one year

| 31.03.2025
| £
Trade creditors | 10,402
Amounts owed to Group undertakings | 4,039,996
Accruals | 2,900
| 4,053,298

#### 6. Called-up share capital

| 31.03.2025
| £
Allotted, called-up and fully-paid |
1 Ordinary share of £ 1.00 | 1

On incorporation, the company issued 1 ordinary £1 shares for £1.

#### 7. Related party transactions

During the year the Company has taken advantage of the exemption in section 1AC.35 of FRS 102 to not disclose related party transactions with wholly owned subsidiaries within the group.