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South West Recycling Holdings Limited
Annual Report and Unaudited Financial Statements
Year Ended 31 May 2025

Registration number: 08030635

South West Recycling Holdings Limited

Contents

Balance Sheet | 1 to 2
Notes to the Unaudited Financial Statements | 3 to 5

South West Recycling Holdings Limited

Balance Sheet

31 May 2025

| Note | 2025 £ 000 | 2024 £ 000
Current assets |  |  |
Debtors | 5 | 102 | 104
Cash at bank and in hand |  | 1 | -
|  | 103 | 104
Creditors: Amounts falling due within one year | 6 | (747) | (748)
Net liabilities |  | (644) | (644)
Capital and reserves |  |  |
Called up share capital | 7 | 150 | 150
Profit and loss account |  | (794) | (794)
Shareholders' deficit |  | (644) | (644)

South West Recycling Holdings Limited

Balance Sheet

31 May 2025

For the financial year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 13 January 2026 and signed on its behalf by:

......................................... R D Martin Director

Company Registration Number: 08030635

South West Recycling Holdings Limited

Notes to the Unaudited Financial Statements

Year Ended 31 May 2025

1 | General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Unit 4A
Severn View Industrail Estate
Central Avenue
Hallen
Bristol
BS10 7SD

These financial statements were authorised for issue by the Board on 13 January 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

Due to the underlying performance of the company and the net liability position, it is the opinion of the directors that the company is no longer a going concern and the financial statements have therefore been prepared on a basis other than going concern. The carrying value of assets and liabilities has not been modified as, in the opinion of the directors, all known liabilities are already reflected in the balance sheet and all known assets are shown at their recoverable value.
The new Directors intentions are to close out the remaining activities of the Company, and fully wind up the Company in due course.

Key sources of estimation uncertainty

The key judgement that has a significant impact on the financial statements is in respect of going concern, as described above.
In the opinion of the directors, there are no key sources of estimation uncertainty as at 31 May 2023.

Investments

Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

South West Recycling Holdings Limited

Notes to the Unaudited Financial Statements

Year Ended 31 May 2025

Financial instruments

Classification
Financial instruments are classified as liabilities and equity instruments 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.
Recognition and measurement
Trade, group and other creditors (including accruals) payable within one year that do not constitute a financing transaction are initially measured at the transaction price and subsequently measured at amortised cost, being transaction price less any amounts settled.
Where the arrangement with a creditor constitutes a financing transaction, the creditor is initially measured at the present value of future payments discounted at a market rate of interest for a similar instrument and subsequently measured at amortised cost.
Financial assets and financial liabilities are recognised when the Company becomes a party to the contractually provisions of the instrument, and are offset only when the Company currently has a legally enforceable right to set off the recognised amounts and intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

3 | Staff numbers

The average number of persons employed by the company during the year, was 0 (2024 - 0).

4 | Investments

| 2025 £ 000

Subsidiaries | £ 000
Cost or valuation
At 1 June 2024 | -
At 31 May 2025 | -
Impairment
At 1 June 2024 | -
Carrying amount
At 31 May 2025 | -
At 31 May 2024 | -

South West Recycling Holdings Limited

Notes to the Unaudited Financial Statements

Year Ended 31 May 2025

5 | Debtors

| 2025 £ 000 | 2024 £ 000
Other debtors | 102 | 104
| 102 | 104

6 | Creditors

Creditors: amounts falling due within one year

| 2025 £ 000 | 2024 £ 000
Due within one year |  |
Trade creditors | - | 12
Accruals and deferred income | 347 | 336
Other creditors | 400 | 400
| 747 | 748

7 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. 000 | £ 000 | No. 000 | £ 000
Ordinary 'A' shares of £1 each | 105 | 105 | 105 | 105
Ordinary 'B' shares of £1 each | 45 | 45 | 45 | 45
| 150 | 150 | 150 | 150

8 | Financial commitments, guarantees and contingencies

There are contingent liabilties in respect of performance guarantees entered into in the normal course of business amounting to £102,000 (2024 - £102,000).

9 | Related party transactions

At the year end the company owed £400,000 (2024 - £400,000) to a company connected by virtue of common directorship. This loan is interest free and repayable on demand