Enviroparks (Hirwaun) Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 05641261 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 December 2014

for

Enviroparks (Hirwaun) Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

D R Williams

A M Williams

S Corne

REGISTERED OFFICE:

1st Floor Tiverton Chambers

Lion street

ABERGAVENNY

Monmouthshire

NP7 5PN

REGISTERED NUMBER:

05641261 (England and Wales)

ACCOUNTANTS:

Ashmole & Co.

First Floor, 1 St John's Court

Upper Fforest way

Enterprise park

Swansea

SA6 8QQ

FIXED ASSETS

Tangible assets

2

5,145

7,005

Investments

3

1

1

5,146

7,006

CURRENT ASSETS

Debtors

4,647,415

4,682,740

Cash at bank and in hand

18,116

62,606

4,665,531

4,745,346

CREDITORS

Amounts falling due within one year

9,205,899

9,535,027

NET CURRENT LIABILITIES

(4,540,368

)

(4,789,681

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(4,535,222

)

(4,782,675

)

CREDITORS

Amounts falling due after more than one year

665,275

-

NET LIABILITIES

(5,200,497

)

(4,782,675

)

CAPITAL AND RESERVES

Called up share capital

4

2

2

Profit and loss account

(5,200,499

)

(4,782,677

)

SHAREHOLDERS' FUNDS

(5,200,497

)

(4,782,675

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 29 September 2015 and were signed on its behalf by:

D R Williams - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on the going concern basis.

At the balance sheet date the company had negative shareholders' funds of £5,200,497 (2013

£4,782,675)

The company is supported by other group companies and as at 31 December 2014 the group required

refinancing to enable the repayment of loan notes which were due to expire.

In December 2014 the shareholders of the group gave approval for the Board to accept an offer from

Zeus Renewables Limited to acquire the business following a group reconstruction. This ensured that

the loan notes due to expire were repaid.

The directors are of the opinion that the acquisition by Zeus Renewables Limited has ensured that the

group will be provided with sufficient funds for it to continue for at least the next twelve months.

Going Concern

The Company is reliant on the continued support of its ultimate parent undertaking. Following the

acquisition by Zeus Renewables Limited detailed in Post Balance Sheet Events, the company has

received confirmation that this support will be ongoing covering at least a period of twelve months

from the signing of these accounts.

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 8

Related Party Disclosures, not to disclose related party transactions with other wholly owned

members of the group.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on cost

Computer equipment

-

25% on cost

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

and 31 December 2014

12,178

DEPRECIATION

At 1 January 2014

5,173

Charge for year

1,860

At 31 December 2014

7,033

NET BOOK VALUE

At 31 December 2014

5,145

At 31 December 2013

7,005

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 January 2014

and 31 December 2014

1

NET BOOK VALUE

At 31 December 2014

1

At 31 December 2013

1

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

following:

Enviroparks (Hirwaun Properties) Limited

Nature of business: Resource Recovery Facilities

%

Class of shares:

holding

Ordinary

100.00

2014

2013

£

£

Aggregate capital and reserves

5,256,602

(393,845

)

Loss for the year

(633

)

(1,107

)

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

2

Ordinary

£1

2

2

5.	ULTIMATE PARENT COMPANY

Enviroparks Limited is regarded by the directors as being the company's ultimate parent company.