ACCOUNTS - Final Accounts

ENVIVA MANAGEMENT INTERNATIONAL HOLDINGS, LIMITED - Company Information

Caseware UK (AP4) 2021.0.152 2021.0.152 2021-12-312021-12-31No description of principal activity2021-01-01false00truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10447242 2021-01-01 2021-12-31 10447242 2020-01-01 2020-12-31 10447242 2021-12-31 10447242 2020-12-31 10447242 1 2021-01-01 2021-12-31 10447242 d:Director2 2021-01-01 2021-12-31 10447242 d:Director3 2021-01-01 2021-12-31 10447242 d:Director4 2021-01-01 2021-12-31 10447242 d:RegisteredOffice 2021-01-01 2021-12-31 10447242 c:CurrentFinancialInstruments 2021-12-31 10447242 c:CurrentFinancialInstruments 2020-12-31 10447242 c:CurrentFinancialInstruments c:WithinOneYear 2021-12-31 10447242 c:CurrentFinancialInstruments c:WithinOneYear 2020-12-31 10447242 c:ShareCapital 2021-12-31 10447242 c:ShareCapital 2020-12-31 10447242 c:RetainedEarningsAccumulatedLosses 2021-12-31 10447242 c:RetainedEarningsAccumulatedLosses 2020-12-31 10447242 d:FRS102 2021-01-01 2021-12-31 10447242 d:Audited 2021-01-01 2021-12-31 10447242 d:FullAccounts 2021-01-01 2021-12-31 10447242 d:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31 10447242 d:SmallCompaniesRegimeForAccounts 2021-01-01 2021-12-31 10447242 6 2021-01-01 2021-12-31 iso4217:GBP xbrli:pure

Registered number: 10447242 (England and Wales)

ENVIVA MANAGEMENT INTERNATIONAL HOLDINGS, LIMITED

DIRECTORS' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021


ENVIVA MANAGEMENT INTERNATIONAL HOLDINGS, LIMITED

COMPANY INFORMATION

Directors	W H Schmidt Jr.
	S S Even
	J P Wolf


Registered number	10447242


Registered office	New Penderel House
	4th Floor
	283-288 High Holborn
	London
	United Kingdom
	WC1V 7HP


Independent auditors	ZEDRA Corporate Reporting Services (UK) Limited


ENVIVA MANAGEMENT INTERNATIONAL HOLDINGS, LIMITED

CONTENTS

	Page
Balance Sheet	1
Notes to the Financial Statements	2 - 4


ENVIVA MANAGEMENT INTERNATIONAL HOLDINGS, LIMITED REGISTERED NUMBER:10447242

BALANCE SHEET

AS AT 31 DECEMBER 2021

		2021		2020
Note		£		£

Fixed assets
Investments in subsidiary companies	3		235,317		235,317
			235,317		235,317
Current assets
Debtors: amounts falling due within one year	4	935		935
		935		935
Creditors: amounts falling due within one year	5	(263,786)		(251,726)
Net current liabilities			(262,851)		(250,791)
Total assets less current liabilities			(27,534)		(15,474)

Net liabilities			(27,534)		(15,474)

Capital and reserves
Called up share capital	1	1
Profit and loss account	(27,535)	(15,475)
	(27,534)	(15,474)

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

S S Even

Director

Date: 21 December 2022

The notes on pages 2 to 4 form part of these financial statements.

Page 1


ENVIVA MANAGEMENT INTERNATIONAL HOLDINGS, LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

1.Accounting policies

1.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

1.2

Going concern

Enviva Management International Holdings, Limited has received written confirmation from Enviva, Inc., the ultimate parent company, that it will continue to provide financial support to the Company for a period of at least 12 months from the date of signing these financial statements. For this reason, the directors continue to adopt the going concern basis in preparing the financial statements.

1.3

Exemption from preparing consolidated financial statements

The Company, and the group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and group are considered eligible for the exemption to prepare consolidated accounts. Therefore, the directors have decided to take the exemption available from preparing consolidated financial statements.

1.4

Other operating income

Other operating income represents the write off of intercompany creditors.

1.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

1.6

Debtors

Short term debtors are measured at transaction price, less any impairment. Amounts owed by group undertakings are intercompany loans. No interest is charged on the loan which is repayable on demand.

1.7

Creditors

Short term creditors are measured at the transaction price. Amounts owed by group undertakings are intercompany loans. No interest is charged on the loans which are repayable on demand.

Page 2


ENVIVA MANAGEMENT INTERNATIONAL HOLDINGS, LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

1.Accounting policies (continued)

1.8

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss.

2.	Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2021 was unqualified.

The audit report was signed on 21 December 2022 by Louise Morriss BFP ACA FCCA (Senior Statutory Auditor) on behalf of ZEDRA Corporate Reporting Services (UK) Limited.

3.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost or valuation
	At 1 January 2021	235,317
	At 31 December 2021	235,317

Page 3


ENVIVA MANAGEMENT INTERNATIONAL HOLDINGS, LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

Debtors

					2021	2020
					£	£


Amounts owed by group undertakings	1	1
Prepayments and accrued income	934	934
	935	935

5.	Creditors: Amounts falling due within one year
		2021	2020
		£	£

Trade creditors	4,110	-
Amounts owed to group undertakings	246,266	238,676
Accruals and deferred income	13,410	13,050
	263,786	251,726

6.	Controlling party

IHE Holdings LLC is the parent of the smallest group for which consolidated financial statements are drawn up of which the Company is a member. The registered office of the Company is 7272 Wisconsin Avenue, Suite 1800, Bethesda, MD 20814 USA.

7.	Post balance sheet events

There were no adjusting or non-adjusting events occurring between the end of the reporting period and the date these financial statements were approved.

Page 4