IRIS Accounts Production v25.3.0.601 11377627 Board of Directors 1.3.24 28.2.25 28.2.25 18/11/2025 0 0 false true false false true false Auditors Opinion Ordinary 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 11377627 2024-02-29 11377627 2025-02-28 11377627 2024-03-01 2025-02-28 11377627 2023-02-28 11377627 2023-03-01 2024-02-29 11377627 2024-02-29 11377627 ns15:EnglandWales 2024-03-01 2025-02-28 11377627 ns14:PoundSterling 2024-03-01 2025-02-28 11377627 ns10:Director1 2024-03-01 2025-02-28 11377627 ns10:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 11377627 ns10:SmallEntities 2024-03-01 2025-02-28 11377627 ns10:Audited 2024-03-01 2025-02-28 11377627 ns10:SmallCompaniesRegimeForDirectorsReport 2024-03-01 2025-02-28 11377627 ns10:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 11377627 ns10:FullAccounts 2024-03-01 2025-02-28 11377627 ns10:OrdinaryShareClass1 2024-03-01 2025-02-28 11377627 ns5:CurrentFinancialInstruments 2025-02-28 11377627 ns5:CurrentFinancialInstruments 2024-02-29 11377627 ns5:Non-currentFinancialInstruments 2025-02-28 11377627 ns5:Non-currentFinancialInstruments 2024-02-29 11377627 ns5:ShareCapital 2025-02-28 11377627 ns5:ShareCapital 2024-02-29 11377627 ns5:RevaluationReserve 2025-02-28 11377627 ns5:RevaluationReserve 2024-02-29 11377627 ns5:RetainedEarningsAccumulatedLosses 2025-02-28 11377627 ns5:RetainedEarningsAccumulatedLosses 2024-02-29 11377627 ns10:RegisteredOffice 2024-03-01 2025-02-28 11377627 ns5:LandBuildings 2024-02-29 11377627 ns5:PlantMachinery 2024-02-29 11377627 ns5:LandBuildings 2024-03-01 2025-02-28 11377627 ns5:PlantMachinery 2024-03-01 2025-02-28 11377627 ns5:LandBuildings 2025-02-28 11377627 ns5:PlantMachinery 2025-02-28 11377627 ns5:LandBuildings 2024-02-29 11377627 ns5:PlantMachinery 2024-02-29 11377627 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-02-28 11377627 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-02-29 11377627 ns5:Secured 2025-02-28 11377627 ns5:Secured 2024-02-29 11377627 ns10:OrdinaryShareClass1 2025-02-28 11377627 ns5:RevaluationReserve 2024-02-29

REGISTERED NUMBER: 11377627 (England and Wales)

| FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 28TH FEBRUARY 2025 |

| FOR |

| ERG APC PROPERTY LIMITED |

| ERG APC PROPERTY LIMITED (REGISTERED NUMBER: 11377627) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28TH FEBRUARY 2025

Page |

| Balance Sheet | 1 |

| Notes to the Financial Statements | 2 |

| ERG APC PROPERTY LIMITED (REGISTERED NUMBER: 11377627) |

BALANCE SHEET

28TH FEBRUARY 2025

| 2025 |  | 2024

| Notes | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 5,247,711 |  | 5,024,018 |  |

CURRENT ASSETS

Debtors | 5 | 135,878 |  | 96,718 |  |

Cash at bank | 41,030 |  | 23,475 |  |

176,908 |  | 120,193 |  |

CREDITORS

Amounts falling due within one year | 6 | (3,388,128 | ) | (2,785,661 | ) |

NET CURRENT LIABILITIES | (3,211,220 | ) | (2,665,468 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 2,036,491 |  | 2,358,550 |  |

CREDITORS

Amounts falling due after more than one year | 7 | (1,966,185 | ) | (2,092,991 | ) |

PROVISIONS FOR LIABILITIES | (203,275 | ) | (164,439 | ) |

NET (LIABILITIES)/ASSETS | (132,969 | ) | 101,120 |  |

CAPITAL AND RESERVES

Called up share capital | 9 | 1 |  | 1 |  |

Revaluation reserve | 10 | 654,559 |  | 649,956 |  |

Retained earnings | (787,529 | ) | (548,837 | ) |

SHAREHOLDERS' FUNDS | (132,969 | ) | 101,120 |  |

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18th November 2025 and were signed on its behalf by:

P I Batt - Director

| ERG APC PROPERTY LIMITED (REGISTERED NUMBER: 11377627) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28TH FEBRUARY 2025

1. | Statutory information

| ERG APC Property 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: | 11377627

| Registered office: | Bridge House Environmental Centre

| Bridge House Lane

| Five Oaks Road

| Slinfold

| West Sussex

| RH13 0QW

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

2. | Accounting policies

| Basis of preparing the financial statements

| 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. The financial statements have been prepared under the historical cost convention.

| Going concern

| The company continues to rely on the support of its parent company and fellow subsidiaries. In July 2021, the company secured its bank borrowing for five years. The directors therefore continue to adopt the going concern basis in preparing the company's financial statements.

| Tangible fixed assets

| Tangible fixed assets, except freehold property, are initially measured at cost and subsequently measured at cost less accumulated depreciation.

| The freehold property is carried at a revalued amount, being its fair value at the date of revaluation less any subsequent accumulated depreciation.

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Freehold property |  | - |  | 2% on cost |  |

| Plant and machinery, etc |  | - |  | 33% on cost |  |

| The company has adopted a policy of capitalising borrowing costs that are directly attributable to the acquisition and construction of the freehold property. Directly attributable borrowing costs are those costs that would have been avoided if the expenditure on the qualifying asset had not been made. Capitalisation of the borrowing costs cease when substantially all the activities necessary to prepare the qualifying asset for its intended use are complete.

| Financial instruments

| Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

| 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.

| ERG APC PROPERTY LIMITED (REGISTERED NUMBER: 11377627) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 28TH FEBRUARY 2025

2. | Accounting policies - continued

| Taxation

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

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. | Employees and directors

| The average number of employees during the year was NIL (2024 - NIL).

4. | Tangible fixed assets

| Plant and |

| Land and |  | machinery |

| buildings |  | etc |  | Totals

£ | £ | £ |

| COST

| At 1st March 2024 | 5,000,000 |  | 53,073 |  | 5,053,073 |  |

| Additions | 18,414 |  | 222,972 |  | 241,386 |  |

| At 28th February 2025 | 5,018,414 |  | 276,045 |  | 5,294,459 |  |

| DEPRECIATION

| At 1st March 2024 | - |  | 29,055 |  | 29,055 |  |

| Charge for year | - |  | 17,693 |  | 17,693 |  |

| At 28th February 2025 | - |  | 46,748 |  | 46,748 |  |

| NET BOOK VALUE

| At 28th February 2025 | 5,018,414 |  | 229,297 |  | 5,247,711 |  |

| At 29th February 2024 | 5,000,000 |  | 24,018 |  | 5,024,018 |  |

| The freehold property cost includes capitalised borrowing costs of £166,509 (2023: £166,509).

| ERG APC PROPERTY LIMITED (REGISTERED NUMBER: 11377627) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 28TH FEBRUARY 2025

4. | Tangible fixed assets - continued

| The freehold property has been fair valued by the directors based on a professional valuation by a firm of chartered surveyors on 3 July 2024. The fair value is based on the open market valuation, subject to vacant possession, of similar properties in the local area.

| Revaluations: |  | £ |  |

| 29 February 2024 |  | 808,391 |  |

| The historic cost, depreciation and net book value of the freehold property are:

|  | 2025 |  | 2024 |  |

| £ |  | £ |  |

| Cost |  | 4,384,673 |  | 4,366,259 |  |

| Accumulated depreciation |  | (262,343 | ) | (174,650 | ) |

| Net book value |  | 4,122,330 |  | 4,191,609 |  |

5. | Debtors: amounts falling due within one year |

2025 | 2024 |

£ | £ |

| Amounts owed by group undertakings | 93,097 |  | 93,985 |  |

| Other debtors | 42,781 |  | 2,733 |  |

135,878 |  | 96,718 |  |

6. | Creditors: amounts falling due within one year |

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 97,365 |  | 34,744 |  |

| Trade creditors | 91,910 |  | 3,088 |  |

| Amounts owed to group undertakings | 3,162,153 |  | 2,747,829 |  |

| Taxation and social security | 15,689 |  | - |  |

| Other creditors | 21,011 |  | - |  |

3,388,128 |  | 2,785,661 |  |

7. | Creditors: amounts falling due after more than one year |

2025 | 2024 |

£ | £ |

| Bank loans | 1,966,185 |  | 2,092,991 |  |

8. | Secured debts

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Bank loans | 2,063,550 |  | 2,127,735 |  |

| The bank loans are secured by fixed and floating charges over the present and future assets of the company.

| ERG APC PROPERTY LIMITED (REGISTERED NUMBER: 11377627) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 28TH FEBRUARY 2025

9. | Called up share capital

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 100 | Ordinary | £1 | 1 |  | 1 |  |

10. | Reserves

| Revaluation

| reserve

£ |

| At 1st March 2024 | 649,956 |  |

| Deferred tax on revaluation | 4,603 |  |

| At 28th February 2025 | 654,559 |  |

11. | Disclosure under Section 444(5B) of the Companies Act 2006

| The Report of the Auditors was unqualified.

| Colin Young BA FCA (Senior Statutory Auditor)

| for and on behalf of Galloways Accounting

12. | Related party disclosures

| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

13. | Parent company

| The parent of the smallest group in which the company is a member and for which consolidated accounts are produced is ERG Process Technologies Limited. Its registered office is Bridge House Environmental Centre, Bridge House Lane, Five Oaks Road, Slinfold, West Sussex RH13 0QW and this is the address from which group accounts can be obtained.