REGISTERED NUMBER: 06937530 (England and Wales)

AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

ASH RESOURCE MANAGEMENT (CAMBRIAN

QUARRY) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

N A D Hassall

J Dennan

J P Fray

M G Kirk

SECRETARY:

S L Haycock

REGISTERED OFFICE:

The Mill

Morton

Oswestry

Shropshire

SY10 8BH

REGISTERED NUMBER:

06937530 (England and Wales)

AUDITORS:

D.R.E. & Co. (Audit) Limited

Kingsland House

39 Abbey Foregate

Shrewsbury

Shropshire

SY2 6BL

FIXED ASSETS

Intangible assets

5

181,838

150,952

Tangible assets

6

24,780

40,710

206,618

191,662

CURRENT ASSETS

Debtors

7

10,707

22,372

Cash at bank

7,113

15,545

17,820

37,917

CREDITORS

Amounts falling due within one year

8

459,706

312,999

NET CURRENT LIABILITIES

(441,886

)

(275,082

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(235,268

)

(83,420

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(235,269

)

(83,421

)

SHAREHOLDERS' FUNDS

(235,268

)

(83,420

)

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 10 December 2025 and were signed on its behalf by:

N A D Hassall - Director

1.	STATUTORY INFORMATION

ASH Resource Management (Cambrian Quarry) Limited is a private company, limited by shares, incorporated and registered in England and Wales. The company's registered number and registered office can be found on the Company Information page.

The principal place of business is Unit 16 Wilkinson Court, Clywedog Road South, Wrexham Industrial Estate, Wrexham, LL13 9AE

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.

These financial statements are for the individual entity only.

The financial statements are presented in Sterling (£), rounded to the nearest £1.

At the balance sheet date the company had net current liabilities of £441,886 (2024: £275,082). At the balance sheet date the company had net liabilities of £235,268 (2024: £83,420). As shown in the creditors due within one year note, there are amounts owed to group companies of £430,476 (2024: £302,236). The directors have reviewed the support of group companies and fully expect it to continue for the foreseeable future and have therefore prepared the financial statements on a going concern basis.

Turnover

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

Intangible assets

Costs of obtaining a licence includes directly attributable costs for obtaining the use of a landfill site which is valued at cost. The costs are being amortised by reference to the amount of the void which has been utilised during the period.

Tangible fixed assets

Tangible fixed assets are stated at historic cost less accumulated depreciation. Costs include original purchase price of the asset and the costs attributable to bringing the asset to its working condition for its intended use.

Depreciation is provided at the following annual rate in order to write off each asset over its estimated useful life:

Improvements to property

- 20% on cost

Plant and machinery

- 20% on cost

Motor vehicles

- 20% on cost

Financial instruments

The company has chosen to adopt Sections 11 and 12 of FRS 102 in respect of financial instruments.

(i) Financial assets

Basic financial assets, including cash and bank balances and amounts owed by group companies, are initially recognised at transaction price and subsequently carried at amortised cost with an assessment for objective evidence of impairment. Any impairment is recognised in profit or loss.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards or control of the ownership of the asset are transferred to another party.

(ii) Financial liabilities

Basic financial liabilities, including trade payables, amounts due to group companies and bank and other loans, are initially recognised at transaction price and subsequently carried at amortised cost.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

5.	INTANGIBLE FIXED ASSETS

Costs of

obtaining

licence

£

COST

At 1 April 2024

1,023,039

Additions

41,147

At 31 March 2025

1,064,186

AMORTISATION

At 1 April 2024

872,087

Amortisation for year

10,261

At 31 March 2025

882,348

NET BOOK VALUE

At 31 March 2025

181,838

At 31 March 2024

150,952

6.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

Motor

property

machinery

vehicles

Totals

£

£

£

£

COST

At 1 April 2024

and 31 March 2025

67,322

39,955

6,265

113,542

DEPRECIATION

At 1 April 2024

33,980

34,362

4,490

72,832

Charge for year

13,429

1,248

1,253

15,930

At 31 March 2025

47,409

35,610

5,743

88,762

NET BOOK VALUE

At 31 March 2025

19,913

4,345

522

24,780

At 31 March 2024

33,342

5,593

1,775

40,710

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Amounts owed by group companies

10,107

-

Other debtors

-

18,000

Prepayments and accrued income

600

4,372

10,707

22,372

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

624

1,151

Amounts owed to group companies

430,476

302,236

Social security and other taxes

1,853

4,510

Accrued expenses

26,753

5,102

459,706

312,999

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.3.25

31.3.24

£

£

Within one year

25,000

10,000

Between one and five years

62,500

-

87,500

10,000

10.	SECURED DEBTS

A Composite Accounting Agreement is in place in respect of bank borrowings and this is further explained in the contingent liabilities note. Bank borrowings are also secured by a cross guarantee and debenture with other group companies, as detailed in the contingent liabilities note.

11.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Francis Nock F.C.C.A. (Senior Statutory Auditor)

for and on behalf of D.R.E. & Co. (Audit) Limited

12.	CONTINGENT LIABILITIES

During a prior year the company entered into a Composite Accounting Agreement with its parent company and fellow subsidiaries. Under the terms of the agreement and the guarantees given, the bank is authorised to allow set-off for interest purposes and in certain circumstances offset bank balances against liabilities within the Composite Accounting System. There was no contingent liability for the company at 31 March 2025 or 31 March 2024.

The contingent liability for the company at 31 March 2025 in respect of group bank borrowings amounted to £nil (2024: £nil).

13.	ULTIMATE CONTROLLING PARTY