Everflow Operations Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11497770 (England and Wales)

Financial Statements

for the Period

2 August 2018 to 31 December 2019

for

Everflow Operations Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J Gill

A E Straker

J D Cleave

P R Williams

REGISTERED OFFICE:

Unit 4 Suite 2

Wynyard Avenue

Wynyard

BILLINGHAM

TS22 5TB

REGISTERED NUMBER:

11497770 (England and Wales)

SENIOR STATUTORY AUDITOR:

Kevin Shotton BA BFP FCA

AUDITORS:

Clive Owen LLP

Chartered Accountants

& Statutory Auditors

140 Coniscliffe Road

DARLINGTON

County Durham

DL3 7RT

FIXED ASSETS

Investments

4

100

CURRENT ASSETS

Debtors

5

104

Cash at bank

442

546

CREDITORS

Amounts falling due within one year

6

47,296

NET CURRENT LIABILITIES

(46,750

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(46,650

)

CAPITAL AND RESERVES

Called up share capital

7

100

Retained earnings

(46,750

)

SHAREHOLDERS' FUNDS

(46,650

)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 July 2020 and were signed on its behalf by:

J D Cleave - Director

1.	STATUTORY INFORMATION

Everflow Operations 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.

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.

There were no departures from that standard.

The principal accounting policies adopted in the preparation of the financial statements are set out below and

have remained unchanged from the previous year, and also have been consistently applied within the same

accounts.

Going concern

After reviewing the group's forecasts and projections, the directors have a reasonable expectation that the

company, with the support of the group, has adequate resources to continue in operational existence for the

foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial

statements.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The

Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party

transactions with the parent company and wholly owned subsidiaries within the group.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Financial instruments

Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and

Retained Earnings, 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.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

Additions

100

At 31 December 2019

100

NET BOOK VALUE

At 31 December 2019

100

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Everflow Projects 1 Limited

Registered office: Unit 4 Suites 1 & 2 Wynyard Avenue, Wynyard, Billingham, United Kingdom, TS22 5TB

Nature of business: Dormant

%

Class of shares:

holding

Ordinary

100.00

31.10.19

£

Aggregate capital and reserves

100

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Amounts owed by group undertakings

100

VAT debtor

4

104

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Amounts owed to group undertakings

43,546

Accruals and deferred income

3,750

47,296

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary

£1

100

100 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.

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

The Report of the Auditors was unqualified.

Kevin Shotton BA BFP FCA (Senior Statutory Auditor)

for and on behalf of Clive Owen LLP

9.	OTHER FINANCIAL COMMITMENTS

There is a cross guarantee in place in relation to the Perwyn Advisors UK Limited loan held in Everflow

Holdings Limited. The cross guarantee is between Everflow Holdings Limited, Everflow Limited, Everflow

Operations Limited and Everflow Tech Limited. The loan is secured with a fixed and floating charge over the

assets of the company. At the year end the loan balance outstanding was £2,852,326.

10.	ULTIMATE PARENT PARTY

The ultimate parent company is Everflow Holdings Limited. The parent company registered office is Unit 4 Suite

2, Wynyard Avenue, Billingham, TS22 5TB.