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Coastal Waste Recycling Limited

Annual Report and Financial Statements
Year Ended 31 March 2025

Registration number: 06310923

 

Coastal Waste Recycling Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3 to 6

 

Coastal Waste Recycling Limited

Company Information

Directors

S E P Hadley

E A Delve

Registered office

1 & 2 Mulberry Court
Lustleigh Court
Matford Business Park
Marsh Barton Trading Estate
Exeter
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

 

Coastal Waste Recycling Limited

Balance Sheet

31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Investments

4

928,887

928,887

Current assets

 

Debtors

5

130,001

130,001

Cash at bank and in hand

 

980

980

 

130,981

130,981

Creditors: Amounts falling due within one year

6

(1,058,866)

(1,058,866)

Net current liabilities

 

(927,885)

(927,885)

Net assets

 

1,002

1,002

Capital and reserves

 

Called up share capital

7

2

2

Profit and loss account

1,000

1,000

Shareholders' funds

 

1,002

1,002

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.

Company Registration Number: 06310923

Approved and authorised by the Board on 26 November 2025 and signed on its behalf by:
 

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

 

Coastal Waste Recycling 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 Court
Matford Business Park
Marsh Barton Trading Estate
Exeter
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.

Investments

Fixed asset investments are stated at historical cost less provision for any diminution in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Coastal Waste Recycling Limited

Notes to the Financial Statements

Year Ended 31 March 2025

Financial instruments

Classification
The company holds the following financial instruments:

• Short term trade and other debtors and creditors;

All financial instruments are classified as basic.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.



 

3

Staff numbers

The company had 0 employees.

 

Coastal Waste Recycling Limited

Notes to the Financial Statements

Year Ended 31 March 2025

4

Investments

2025
£

2024
£

Investments in subsidiaries

928,887

928,887

Subsidiaries

£

Cost or valuation

At 1 April 2024

928,887

Carrying amount

At 31 March 2025

928,887

At 31 March 2024

928,887

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

     

2025

2024

Subsidiary undertakings

Kenbury Wood Limited

Units 1-2
Mulberry Court
Lustleigh Court
Marsh Barton
Exeter
EX2 8PW

Ordinary

100%

100%

         

Subsidiary undertakings

Kenbury Wood Limited

The principal activity of Kenbury Wood Limited is that of a transfer station.

5

Debtors

2025
£

2024
£

Amounts owed by group undertakings

130,001

130,001

130,001

130,001

 

Coastal Waste Recycling 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

Amounts due to group undertakings

1,058,866

1,058,866

7

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary Shares of £1 each

2

2

2

2

       

8

Contingent liabilities

Cross company guarantees are 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 UK Group Limited.

9

Parent and ultimate parent undertaking

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

 The ultimate parent was 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.

 

10

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.