Deep Moor LF Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Financial Statements	3 to 11

Deep Moor LF Limited

Company Information

Directors

S E P Hadley E A Delve

Registered office

1 & 2 Mulberry Court Lustleigh Close Matford Business Park Marsh Barton Trading Estate Exeter Devon EX2 8PW

Bankers

Lloyds Bank plc 234 High Street Exeter Devon EX4 3ZB

Auditors

PKF Francis Clark Statutory AuditorCentenary House Peninsula Park Rydon Lane Exeter Devon EX2 7XE

Deep Moor LF Limited

Balance Sheet

31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	1,123,100	1,241,059
Current assets
Stocks	5	10,335	-
Debtors	6	3,222,207	3,886,906
Cash at bank and in hand		3,140	50,779
		3,235,682	3,937,685
Creditors: Amounts falling due within one year	7	(941,668)	(413,937)
Net current assets		2,294,014	3,523,748
Total assets less current liabilities		3,417,114	4,764,807
Creditors: Amounts falling due after more than one year	7	(69,023)	(207,070)
Provisions for liabilities		(3,163,670)	(3,170,408)
Net assets		184,421	1,387,329
Capital and reserves
Called up share capital	10	984,423	984,423
Profit and loss account		(800,002)	402,906
Shareholders' funds		184,421	1,387,329

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 26 November 2025 and signed on its behalf by:
 

......................................... E A Delve Director

Company Registration Number: 02659398

Deep Moor LF 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 is part of the wider Group, which provides not only financial but also administrative and operational support to the Company. The operations of the Company are closely linked with the operations of other members of the wider Group.

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

Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received. Revenue is recognised when the service is provided.

Tax

Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deep Moor LF Limited

Notes to the Financial Statements

Year Ended 31 March 2025

2	Accounting policies (continued)

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

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.

Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Tangible assets

All fixed assets are initially recorded at cost.

Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

No depreciation is provided on freehold land not used as landfill sites, neither is it charged on assets in course of construction as they have not as yet been brought into use.

Landfill sites are depreciated to the extent that the capacity of each site is utilised in the period.

Asset class	Depreciation method and rate
Buildings	10-25 years
Leasehold Land	length of lease term
Site buildings, plant, machinery, fixtures and fittings	3-15 years

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Asset class	Amortisation method and rate
Goodwill	5 years

Stocks

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Deep Moor LF Limited

Notes to the Financial Statements

Year Ended 31 March 2025

2	Accounting policies (continued)

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. Assets held under hire purchase agreements are capitalised as tangible fixed assets and are depreciated over the shorter of the lease term and their useful lives. The capital element of future finance payments is included within creditors. Finance charges are allocated to accounting periods over the length of the contract and represent a constant proportion of the balance of capital repayments outstanding.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

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 (including intercompany balances) are recorded at transaction price. Any losses arising from impairment (“doubtful debts”) are recognised in the profit and loss account before operating profit.

Long term intercompany loans are initially recorded at transaction price and subsequently measured at amortised cost using the effective interest method.


 

Deep Moor LF Limited

Notes to the Financial Statements

Year Ended 31 March 2025

2	Accounting policies (continued)

Cell development expenditure

The cost of developing cells that have a life of less than two years is charged to the profit and loss account over the life of the cell. The cost of unused expenditure is deferred to the following year as a current asset.

The cost of developing cells that have a life in excess of two years is carried is carried as a fixed asset and is depreciated over the life of the cell. Where such cells are not yet operational, their cost of development is held within fixed assets as assets in course of construction.

Restoration and aftercare costs

In accordance with FRS102, Section 21.7, full provision is made for the net present value (NPV) of the company's costs in relation to restoration liabilities at its landfill sites. This value is capitalised as a fixed asset when the cost gives rise to future economic benefits.

The company provides for the NPV of aftercare costs over the life of the landfill sites based on the quantity of waste deposited in the year.

All long term provisions for restoration and aftercare are calculated based on NPV of estimated future costs. The effects of the unwinding of the discount element on existing provisions are reflected within the financial statements as a financial expense.

3	Staff numbers

All staff are employed by Coastal UK Resources LTD and staff costs are recharged to Deep Moor LF Limited as appropriate. Consequently Deep Moor LF Limited has 0 employees.

Deep Moor LF Limited

Notes to the Financial Statements

Year Ended 31 March 2025

4	Tangible assets

	Freehold land and buildings £	Landfill sites  £	Assets under construction £	Site buildings, plant, machinery, fixtures  £	Total £
Cost or valuation
At 1 April 2024	235,362	5,121,404	57,832	3,019,216	8,433,814
Additions	-	-	-	1,200	1,200
At 31 March 2025	235,362	5,121,404	57,832	3,020,416	8,435,014
Depreciation
At 1 April 2024	10,169	5,086,290	-	2,096,296	7,192,755
Charge for the year	-	12,987	-	106,172	119,159
At 31 March 2025	10,169	5,099,277	-	2,202,468	7,311,914
Carrying amount
At 31 March 2025	225,193	22,127	57,832	817,948	1,123,100
At 31 March 2024	225,193	35,114	57,832	922,920	1,241,059

Included within the net book value of land and buildings above is £225,193 (2024 - £225,193) in respect of freehold land and buildings.
 

The net carrying amount of tangible assets includes £632,535 (2024: £668,827) in respect of assets held under finance leases and hire purchase contracts.

Deep Moor LF Limited

Notes to the Financial Statements

Year Ended 31 March 2025

5

Stocks

	2025 £	2024 £
Stocks	10,335	-

6

Debtors

	2025 £	2024 £
Trade debtors	6,831	71,031
Amounts due from group undertakings	-	652,389
Other debtors	3,194,889	3,141,821
Prepayments	20,487	21,665
	3,222,207	3,886,906
Less amounts due after one year	-	(3,787,847)
	3,222,207	99,059

Under the terms of its licenses to operate certain landfill sites the company, together with the Environment Agency, operates escrow bank accounts which will be used to meet specified future aftercare costs of the company.

In addition, the company has provided a bond to the Environment Agency with an initial amount of £82,890 in respect of future aftercare obligations.

Details of non-current trade and other debtors

£114,769 (2024 -£652,389) of Amounts owed by group undertakings is classified as non current.

£3,205,196 (2024 -£3,135,867) of Other debtors is classified as non current.

Deep Moor LF Limited

Notes to the Financial Statements

Year Ended 31 March 2025

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	8	138,047	138,046
Trade creditors		8,376	54,028
Taxation and social security		7,706	90,320
Accruals and deferred income		82,489	131,543
Owed by/(from) group undertakings		705,050	-
		941,668	413,937

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	8	69,023	207,070

8	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
HP and finance lease liabilities	69,023	207,070

Current loans and borrowings

	2025 £	2024 £
HP and finance lease liabilities	138,047	138,046

Finance lease liabilities are secured on the assets to which they relate.

Deep Moor LF Limited

Notes to the Financial Statements

Year Ended 31 March 2025

9	Other provisions

	Landfill provisions £	Total £
At 1 April 2024	3,170,408	3,170,408
Increase/(decrease) in provisions	(1,866)	(1,866)
Provisions used	(45,152)	(45,152)
Increase/(decrease) due to passage of time or unwinding of discount	40,280	40,280
At 31 March 2025	3,163,670	3,163,670