Centralgrange Environmental Waste Limited

	Page
Strategic Report	1
Directors' Report	2
Independent Auditor's Report	3—5
Profit and Loss Account	6
Statement of Comprehensive Income	7
Balance Sheet	8
Statement of Changes in Equity	9
Statement of Cash Flows	10
Notes to the Statement of Cash Flows	11
Notes to the Financial Statements	12—16

The directors present their strategic report for the year ended 30 December 2024.

Principal Activity

The company's principal activity continues to be that of waste disposal and recycling.

Review of the Business

The turnover in 2024 was up by 12%, gross margins up from 30% to 39% and profit before tax up by 75%. 2024 built on the changes started in 2022 with the company continuing with a more diverse range of customers and waste disposal methods, 2024 saw the rewards of this change. This is covered more below.

Principal Risks and Uncertainties

The management of the business and the execution of the company's strategy are subject to a number of risks. The key business risk and uncertainty affecting the company is considered to be the current economic climate and legislation in the industry, however, the continued diversification of the customer base and outlets for the disposal of the waste will help to address the risk as recycling becomes more of a priority.

Market Development

The company continued with its decision, started in 2022, to move from its one main customer to a much wider spread of customers and types of waste including local councils. The company has the facilities in place to deal with these new types of waste and has developed relationships with suppliers to recycle the waste including recycling and burning in waste to energy plants rather than just going to landfill. New legislation brought in regarding what can go to landfill benefited the company as it is well placed to come up with alternative solutions

Next Financial Year

Following on from the changes made in 2024 turnover and profits for the year ended December 25 are expected to drop as the switch is made more to recycling and selling on commodities rather than sending waste to landfill. The company is also looking to invest in new plant which will enable it to sort commodities automatically. This will allow it to make the shift more to a true recycling company in the medium term.

Financing

CEW is self-financed. The company is happy that it has sufficient funds in place without needing to seek any further external finance.

On behalf of the board

Mr C Molyneux

Director

5 December 2025

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Centralgrange Environmental Waste Limited

Company No. 03832051

Directors' Report For The Year Ended 30 December 2024

Directors' Report

The directors present their report and the financial statements for the year ended 30 December 2024.

Directors

The directors who held office during the year were as follows:

Mrs A Welsby
Mr P J Dean
Mr C Molyneux
Miss F E Molyneux	Appointed	24/11/2025

Statement of Directors' Responsibilities

The directors are responsible for preparing the Strategic Report, the Directors' Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards, comprising FRS102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the directors are required to:

select suitable accounting policies and then apply them consistently;
make judgments and accounting estimates that are reasonable and prudent;
state whether applicable United Kingdom Accounting Standards, comprising FRS102, have been followed subject to any material departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Statement of Disclosure of Information to Auditors

In the case of each director in office at the date the Directors' Report is approved:

so far as the director is aware, there is no relevant audit information of which the company's auditors are unaware; and
they have taken all the steps that they ought to have taken as directors in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information.

Independent Auditors

The auditors, Alexander Myerson & Co Limited, have indicated their willingness to continue in office and a resolution concerning their re-appointment will be proposed at the Annual General Meeting.

On behalf of the board

Mr C Molyneux

Director

5 December 2025

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Independent Auditor's Report

to the Members of

Centralgrange Environmental Waste Limited

Independent Auditor's Report

Opinion

We have audited the financial statements of Centralgrange Environmental Waste Limited for the year ended 30 December 2024 which comprise the Profit and Loss Account, Statement of Comprehensive Income, Balance Sheet, Statement of Changes of Equity, Cash Flow Statement and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

In our opinion the financial statements:

give a true and fair view of the state of the company's affairs as at 30 December 2024 and of its profit/(loss) for the year 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.

Basis for Opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions Relating to Going Concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the entity's ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other Information

The other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on Other Matters Prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

the information given in the Strategic Report and Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the Strategic Report and Directors' Report have been prepared in accordance with applicable legal requirements.

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Independent Auditor's Report (continued)

to the Members of

Centralgrange Environmental Waste Limited

Matters on Which We Are Required to Report by Exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Directors' Report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records or returns; or
certain disclosures of directors' remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit.

Responsibilities of Directors

As explained more fully in the Directors' Responsibilities Statement set out on page 2, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor's Responsibilities for the Audit of the Financial Statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

As part of designing our audit, we determined materiality and assesses the risks of material misstatement in the financial statements, including how fraud may occur by enquiring of management of its own consideration of fraud. In particular, we looked where management made subjective judgements, for example in respect of significant accounting estimates that involved making assumptons and considering future events that are inherently uncertain. We also considered potential financial or other pressures, opportunity and motivations for fraud. As part of this discussion we identified the internal controls established to mitigate risks related to fraud or noncomplaince with laws and regulations and how management monitor these processes. Appropriate procedures included the review and testing of journals and key estimates and judgements made by management.

We gained an understanding of the legal regulatory framework applicable to the company and the industry in which it operates and considered the risk of acts by the comapny that were in breach of these laws and regulations, including fraud.

We made enquiries of management with regards to compliance with the above laws and regulations to ensure that there were no breaches.

As part of our audit we performed sample testing, agreeing the financial statements disclosures to underlying supporting documentation and enquiries with management.

We did not identify any key audit matters relating to irregularities, including fraud. We addressed the risk of management override of internal controls including testing journals and evaluation whether there was evidence of bias by the directors that represented a risk of material misstatement due to fraud.

Our audit procedures were designed to respond to risks of material misstatement in the financial statements, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use Of Our Report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters that we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

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Independent Auditor's Report (continued)

to the Members of

Centralgrange Environmental Waste Limited

Paul Burns BScBFP FCA (Senior Statutory Auditor)

for and on behalf of Alexander Myerson & Co Limited , Statutory Auditor

8 December 2025

Alexander Myerson & Co Limited

61 Rodney Street

Liverpool

L1 9ER

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Centralgrange Environmental Waste Limited

Profit and Loss Account

For The Year Ended 30 December 2024

Profit and Loss Account

		2024	2023
	Notes	£	£
TURNOVER	3	13,939,795	12,391,273
Cost of sales		(8,499,088 )	(8,686,277 )

GROSS PROFIT		5,440,707	3,704,996

Administrative expenses		(1,554,593 )	(1,472,930 )

OPERATING PROFIT	4	3,886,114	2,232,066
Profit on disposal of fixed assets		48,276	8,025
Other interest receivable and similar income	9	124,052	70,213
Interest payable and similar charges	10	(32,504 )	(6,370 )

PROFIT BEFORE TAXATION		4,025,938	2,303,934
Tax on Profit	11	(1,010,278 )	(545,325 )

PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR		3,015,660	1,758,609

The notes on pages 11 to 16 form part of these financial statements.

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Centralgrange Environmental Waste Limited

Statement of Comprehensive Income

For The Year Ended 30 December 2024

Statement of Comprehensive Income

	2024	2023
	£	£
PROFIT FOR THE FINANCIAL YEAR	3,015,660	1,758,609
OTHER COMPREHENSIVE INCOME FOR THE YEAR	-	-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR	3,015,660	1,758,609

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Centralgrange Environmental Waste Limited

Balance Sheet

As At 30 December 2024

Balance Sheet

Registered number: 03832051

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	12		2,886,021		3,017,046

			2,886,021		3,017,046
CURRENT ASSETS
Debtors	13	2,317,077		1,982,957
Cash at bank and in hand		3,121,893		6,521,270

		5,438,970		8,504,227
Creditors: Amounts Falling Due Within One Year	14	(1,331,571 )		(1,550,882 )

NET CURRENT ASSETS (LIABILITIES)			4,107,399		6,953,345

TOTAL ASSETS LESS CURRENT LIABILITIES			6,993,420		9,970,391

PROVISIONS FOR LIABILITIES
Deferred Taxation	15		(524,702 )		(517,333 )

NET ASSETS			6,468,718		9,453,058

CAPITAL AND RESERVES
Called up share capital	17		1		1
Profit and Loss Account			6,468,717		9,453,057

SHAREHOLDERS' FUNDS			6,468,718		9,453,058

On behalf of the board

Mr C Molyneux

Director

5 December 2025

The notes on pages 11 to 16 form part of these financial statements.

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Centralgrange Environmental Waste Limited

Statement of Changes in Equity

For The Year Ended 30 December 2024

Statement of Changes in Equity

	Share Capital	Profit and Loss Account	Total
	£	£	£
As at 1 January 2023	1	7,694,448	7,694,449
Profit for the year and total comprehensive income	-	1,758,609	1,758,609

As at 31 December 2023 and 1 January 2024	1	9,453,057	9,453,058


Profit for the year and total comprehensive income	-	3,015,660	3,015,660

Dividends paid	-	(6,000,000)	(6,000,000)

As at 30 December 2024	1	6,468,717	6,468,718

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Centralgrange Environmental Waste Limited

Statement of Cash Flows

For The Year Ended 30 December 2024

Statement of Cash Flows

		2024	2023
	Notes	£	£
Cash flows from operating activities
Net cash generated from operations	1	4,155,386	2,137,456
Interest paid		(32,504 )	(6,370 )
Tax paid		(1,249,268 )	(167,382 )

Net cash generated from operating activities		2,873,614	1,963,704

Cash flows from investing activities
Purchase of tangible assets		(608,062 )	(463,023 )
Proceeds from disposal of tangible assets		225,000	80,000
Interest received		124,052	70,213

Net cash used in investing activities		(259,010 )	(312,810 )

Cash flows from financing activities
Equity dividends paid		(6,000,000 )	-
Amount withdrawn by directors		(13,981)	(32,883)

Net cash used in financing activities		(6,013,981 )	(32,883 )



(Decrease)/increase in cash and cash equivalents		(3,399,377 )	1,618,011
Cash and cash equivalents at beginning of year	2	6,521,270	4,903,259

Cash and cash equivalents at end of year	2	3,121,893	6,521,270

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Centralgrange Environmental Waste Limited

Notes to the Statement of Cash Flows

For The Year Ended 30 December 2024

Notes to the Statement of Cash Flows

1. Reconciliation of profit for the financial year to cash generated from operations

	2024	2023
	£	£
Profit for the financial year	3,015,660	1,758,609
Adjustments for:
Tax on profit	1,010,278	545,325
Interest expense	32,504	6,370
Interest income	(124,052 )	(70,213 )
Depreciation of tangible assets	562,363	622,773
Profit on disposal of tangible assets	(48,276)	(8,025)
Movements in working capital:
Increase in trade and other debtors	(334,246 )	(163,745 )
Increase/(decrease) in trade and other creditors	41,155	(553,638 )

Net cash generated from operations	4,155,386	2,137,456

2. Cash and cash equivalents

Cash and cash equivalents, as stated in the Statement of Cash Flows, relates to the following items in the Balance Sheet:

	2024	2023
	£	£
Cash at bank and in hand	3,121,893	6,521,270

3. Analysis of changes in net funds

	As at 1 January 2024	Cash flows	As at 30 December 2024
	£	£	£
Cash at bank and in hand	6,521,270	(3,399,377)	3,121,893

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Centralgrange Environmental Waste Limited

Notes to the Financial Statements

For The Year Ended 30 December 2024

Notes to the Financial Statements

1. General Information

Centralgrange Environmental Waste Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03832051 . The registered office is Cgew Recycling Merton Street, St Helens, Merseyside, WA9 1HU.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	2% on cost
Plant & Machinery	25% on reducing balance
Motor Vehicles	25% on reducing balance

2.4. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

2.5. Taxation

Income 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 profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.6. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

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Centralgrange Environmental Waste Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 December 2024

3. Turnover

Analysis of turnover by geographical market is as follows:

	2024	2023
	£	£
United Kingdom	13,939,795	12,391,273

	13,939,795	12,391,273

4. Operating Profit

The operating profit is stated after charging:

	2024	2023
	£	£
Depreciation of tangible fixed assets	562,363	622,773

5. Auditor's Remuneration

Remuneration received by the company's auditors and their associates during the year was as follows:

	2024	2023
	£	£
Audit Services
Audit of the company's financial statements	8,700	7,000

6. Staff Costs

Staff costs, including directors' remuneration, were as follows:

	2024	2023
	£	£
Wages and salaries	1,159,843	1,114,919
Social security costs	125,900	122,023
Other pension costs	29,425	317,034

	1,315,168	1,553,976

7. Average Number of Employees

Average number of employees, including directors, during the year was as follows:

	2024	2023
Office and administration	6	6
Drivers	11	11
Plant operators	9	9

	26	26

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Centralgrange Environmental Waste Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 December 2024

8. Directors' remuneration

	2024	2023
	£	£
Emoluments	128,112	127,000
Company contributions to money purchase pension schemes	2,283	290,250

	130,395	417,250

Information regarding the highest paid director was as follows:

	2024	2023
	£	£
Emoluments	76,112	26,000
Company contributions to money purchase pension schemes	2,283	144,000

	78,395	170,000

9. Interest Receivable and Similar Income

	2024	2023
	£	£
Bank interest receivable	124,052	70,213

10. Interest Payable and Similar Charges

	2024	2023
	£	£
Other finance charges	32,504	6,370

11. Tax on Profit

	Tax Rate		2024	2023
The tax charge on the profit for the year was as follows:
	2024	2023	£	£
Current tax
UK Corporation Tax	25.0%	23.5%	1,002,909	570,697
Deferred Tax
Deferred taxation			7,369	(25,372 )


Total tax charge for the period			1,010,278	545,325


The actual charge for the year can be reconciled to the expected charge for the year based on the profit and the standard rate of corporation tax as follows:
			2024	2023
			£	£
Profit before tax			4,025,938	2,303,934

Tax on profit at 25% (UK standard rate)			934,810	541,885
Goodwill/depreciation not allowed for tax			562,363	146,476

...CONTINUED

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Centralgrange Environmental Waste Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 December 2024

Expenses not deductible for tax purposes	42,618	1,419
Capital allowances	(536,882 )	(119,083 )
Deferred tax from unrecognised tax loss or credit	7,369	(25,372 )

Total tax charge for the period	1,010,278	545,325

12. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Total
	£	£	£	£
Cost
As at 1 January 2024	900,787	4,260,710	1,792,468	6,953,965
Additions	-	540,062	68,000	608,062
Disposals	-	(510,041 )	-	(510,041 )

As at 30 December 2024	900,787	4,290,731	1,860,468	7,051,986

Depreciation
As at 1 January 2024	106,894	2,776,262	1,053,763	3,936,919
Provided during the period	6,681	368,173	187,509	562,363
Disposals	-	(333,317 )	-	(333,317 )

As at 30 December 2024	113,575	2,811,118	1,241,272	4,165,965

Net Book Value
As at 30 December 2024	787,212	1,479,613	619,196	2,886,021

As at 1 January 2024	793,893	1,484,448	738,705	3,017,046

13. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	1,130,575	958,579
Prepayments and accrued income	194,447	360,052
Other debtors	992,055	664,200
Net wages	-	126

	2,317,077	1,982,957

14. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	599,164	589,764
Corporation tax	324,338	570,697
Other taxes and social security	32,818	32,676
VAT	272,723	179,649
Accruals and deferred income	88,187	149,774
Directors' loan accounts	14,341	28,322

	1,331,571	1,550,882

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Centralgrange Environmental Waste Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 December 2024

15. Deferred Taxation

The provision for deferred tax is made up as follows:

	2024	2023
	£	£
Other timing differences	524,702	517,333

16. Provisions for Liabilities


	Deferred Tax	Total
	£	£
As at 1 January 2024	517,333	517,333
Deferred taxation	7,369	7,369

Balance at 30 December 2024	524,702	524,702

17. Share Capital

	2024	2023
Allotted, called up and fully paid	£	£
1 Ordinary Shares of £ 1.00 each	1	1

18. Pension Commitments

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.

During the year the charge to profit or loss in respect of defined contribution schemes was £29,425 (2023: £317,034).

At the balance sheet date contributions of £NIL were due to the fund.

19. Dividends

	2024	2023
	£	£
On equity shares:
Final dividend paid	6,000,000	-

20. Related Party Disclosures

Included in other debtors is an interest free loan to Madora Property Management Limited totalling £992,055, a company controlled by Faye Molyneux, the daughter of Christopher Molyneux, one of the Directors of Centralgrange Environmental Waste Limited.

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