Kenbury Wood Limited

Notes to the Financial Statements

Year Ended 31 March 2025

1	General information

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

The address of its registered office is:
1 & 2 Mulberry Court
Lustleigh Close
Matford Business Park
Marsh Barton Trading Estate
Exeter
Devon
EX2 8PW

These financial statements were authorised for issue by the Board on 26 November 2025.

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.

Going concern

The Company and wider Group has continued to focus on delivering its strategic plan to maintain diversity through creating a balance of core services, develop niche markets and services, and focus on recycling and recovering natural resources from the material it manages.

Having considered the Company and wider Group's forecasts and available bank facilities, the directors have continued to prepare the financial statements on a going concern basis.

Revenue recognition

Turnover represents amounts chargeable in respect of the sale of recovered materials and provision of recycling services to group companies and is shown net of VAT. Revenue is recognised when the service is provided or recycled materials sold.

Tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by FRS 102.

Tangible assets

All fixed assets are initially recorded at cost.

Kenbury Wood Limited

Notes to the Financial Statements

Year Ended 31 March 2025

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Fixtures & Fittings	10% straight line
Freehold Property	2% straight line

Stocks

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks.

Leases

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet as tangible fixed assets and are depreciated over the shorter of the lease term and their useful lives. The capital elements of future obligations under the leases are included as liabilities in the balance sheet. The interest element of the rental obligation is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the group after deducting all of its liabilities.

 Recognition and measurement
Short-term trade and other debtors and creditors including intercompany loans

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 (“doubtful debts”) are recognised in the profit and loss account before operating profit.

 

3	Staff numbers

All staff are employed by Coastal UK Resources LTD. Payroll costs are recharged from this company as appropriate. Consequently Kenbury Wood Limited has 0 employees.

Kenbury Wood Limited

Notes to the Financial Statements

Year Ended 31 March 2025

4	Tangible assets

	Land and buildings £	Total £
Cost or valuation
At 1 April 2024	62,907	62,907
At 31 March 2025	62,907	62,907
Depreciation
At 1 April 2024	31,798	31,798
Charge for the year	1,253	1,253
At 31 March 2025	33,051	33,051
Carrying amount
At 31 March 2025	29,856	29,856
At 31 March 2024	31,109	31,109

Included within the net book value of land and buildings above is £29,856 (2024 - £31,109) in respect of long leasehold land and buildings. Ground rent of £15,000 per annum is payable.
 

5

Debtors

	2025  £	2024  £
Trade debtors	8,954	9,163
Amounts due from group undertakings	597,678	585,921
Other debtors	204,705	132,650
Prepayments	116,107	82,619
	927,444	810,353

Kenbury Wood Limited

Notes to the Financial Statements

Year Ended 31 March 2025

6

Creditors

Creditors: amounts falling due within one year

	2025  £	2024  £
Due within one year
Loans and borrowings	565	-
Trade creditors	142,506	200,737
Other creditors	20,416	24,824
Accrued expenses	408,607	456,260
	572,094	681,821

7	Loans and borrowings

Current loans and borrowings

	2025 £	2024 £
Bank overdrafts	565	-

Bank overdrafts are secured on the assets of the company (see also note 9).

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each	100	100	100	100

Kenbury Wood Limited

Notes to the Financial Statements

Year Ended 31 March 2025

9	Financial commitments and contingent liabilities

The total amount of financial commitments not included in the balance sheet is £40,356 (2024 - £27,927). This relates to plant and machinery held by the company under operating lease.

A cross company guarantee is in place for all amounts due to Lloyds Bank plc by group companies (comprising loans and hire purchase agreements). These amounts are disclosed in the financial statements of Coastal Recycling Holdings Limited.

10	Parent and ultimate parent undertaking

The company's immediate parent is Coastal Waste Recycling Limited, incorporated in England and Wales.

 The ultimate controlling party is The Coastal Recycling Holdings Employee Ownership Trust. Further details on which are set out within the notes to the consolidated accounts of Coastal Recycling Holdings Limited.

 The smallest group producing publicly available financial statements is Coastal Recycling Holdings Limited. These financial statements are available upon request from Companies House.

 

11	Audit report

The Independent Auditors' Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report was Neil Hitchings, who signed for and on behalf of PKF Francis Clark on 27 November 2025.