REGISTERED NUMBER: 16140872 (England and Wales)

FINANCIAL STATEMENTS FOR THE PERIOD 17 DECEMBER 2024 TO 31 MARCH 2026

FOR

STOUR ENVIRONMENTAL CREDITS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

L M Foreman

W M Hicks

T Ford

M C Hall

SECRETARY:

W Mackay

REGISTERED OFFICE:

C/o Ashford Borough Council

International House

Dover Place

Ashford

Kent

TN23 1HU

REGISTERED NUMBER:

16140872 (England and Wales)

AUDITORS:

Cassidys Chartered Accountants

And Registered Auditors

South Stour Offices

South Stour Road

Mersham

Ashford

Kent

TN25 7HS

CURRENT ASSETS

Stocks

566,400

Debtors

4

162,868

Cash at bank

3,599,431

4,328,699

CREDITORS

Amounts falling due within one year

5

4,220,811

NET CURRENT ASSETS

107,888

TOTAL ASSETS LESS CURRENT LIABILITIES

107,888

ACCRUALS AND DEFERRED INCOME

6

107,886

NET ASSETS

2

CAPITAL AND RESERVES

Called up share capital

2

2

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 15 September 2026 and were signed on its behalf by:

L M Foreman - Director

1.	STATUTORY INFORMATION

Stour Environmental Credits Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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

Stour Environmental Credits Limited is an innovative joint venture between Ashford Borough Council and Canterbury City Council. The company has been established to provide housing developers across Kent with access to environmental mitigation schemes to support and enable the delivery of sustainable housing development, unlocking the building of new homes without weakening environmental protections.

Nutrient mitigation schemes are secured in accordance with the legal and technical requirements of Natural England and Local Planning Authorities. Stour Environmental Credits Limited provides housing developers with a simple and streamlined mechanism to offset the nutrient loadings arising from new development, helping to protect our rivers and waterways for future generations.

Stour Environmental Credits Limited has entered into contractual arrangements with a range of third parties to ensure environmental mitigation. To satisfy the relevant legislative framework these contracts will be up to 90 years in duration for Nutrient Neutrality. Additionally, the company will also act as agents to trade environmental mitigation to the development sector which has been appropriately secured by third party mitigation providers. All schemes will require monitoring and potential enforcement throughout that time. Stour Environmental Credits Limited is not a direct provider of mitigation solutions itself and therefore the company is not seeking to acquire land or capital assets. Income received from the sale of environmental credits is recycled to deliver further mitigation schemes.

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.

Turnover

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

The sales contracts include the nutrient neutrality credits required to support planning applications and service for a period of 90 years for the ongoing monitoring required for the sale of nutrient neutrality credits, this revenue is recognised over the period to which the contract relates.

Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received. A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the period 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 period 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

65,635

Other debtors

97,233

162,868

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Taxation and social security

1,981

Other creditors

4,218,830

4,220,811

6.	ACCRUALS AND DEFERRED INCOME

£

Accruals and deferred income

107,886

The company has deferred income which will be released to the profit and loss account in accordance with the income recognition accounting policy.

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

The Report of the Auditors was unqualified.

Stuart G Whorlow (Senior Statutory Auditor)

for and on behalf of Cassidys Chartered Accountants

8.	ULTIMATE CONTROLLING PARTY

There is no one controlling party.