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REGISTERED NUMBER: 07006122 (England and Wales)















Express Park Buxton Limited

Report of the Directors and

Financial Statements for the Year Ended 31 December 2014





Express Park Buxton Limited (Registered number: 07006122)






Contents of the Financial Statements
for the Year Ended 31 December 2014




Page

Company Information 1

Report of the Directors 2

Report of the Independent Auditors 4

Profit and Loss Account 6

Balance Sheet 7

Notes to the Financial Statements 9

Express Park Buxton Limited

Company Information
for the Year Ended 31 December 2014







DIRECTORS: P G Knell
P R Knell
G C Revell
A Van Iddekinge


REGISTERED OFFICE: Sedgmoor Auction Centre
Market Way
North Petheron
Somerset
TA6 6DF


REGISTERED NUMBER: 07006122 (England and Wales)


SENIOR STATUTORY AUDITOR: Philip Littler FCA


AUDITORS: Maxwells
Chartered Accountants
and Statutory Auditor
4 King Square
Bridgwater
Somerset
TA6 3YF


BANKERS: National Westminster Bank plc
PO Box 2BA
69 Baker Street
London
W1U 6AT
Express Park Buxton Limited (Registered number: 07006122)

Report of the Directors
for the Year Ended 31 December 2014

The directors present their report with the financial statements of the company for the year ended 31 December 2014.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of applying for planning permission for the
development of a water bottling facility at Cowdale Quarry, near Buxton, Derbyshire.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 January 2014 to the date of this
report.

P G Knell
P R Knell
G C Revell

Other changes in directors holding office are as follows:

A Van Iddekinge was appointed as a director after 31 December 2014 but prior to the date of this report.

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with
applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors
have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting
Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not
approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the
company and of the profit or loss of the company for that period. In preparing these financial statements, the directors
are required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will
continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the
company's transactions and disclose with reasonable accuracy at any time the financial position of the company and
enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for
safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud
and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act
2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken
as a director in order to make himself aware of any relevant audit information and to establish that the company's
auditors are aware of that information.

AUDITORS
The auditors, Maxwells, will be proposed for re-appointment at the forthcoming Annual General Meeting.

Express Park Buxton Limited (Registered number: 07006122)

Report of the Directors
for the Year Ended 31 December 2014

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small
companies.

ON BEHALF OF THE BOARD:



A Van Iddekinge - Director


14 June 2016
Report of the Independent Auditors to the Members of
Express Park Buxton Limited

We have audited the financial statements of Express Park Buxton Limited for the year ended 31 December 2014 on
pages six to twelve. The financial reporting framework that has been applied in their preparation is applicable law and
United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the
Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those
matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent
permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's
members as a body, for our audit work, for this report, or for the opinions we have formed.

Respective responsibilities of directors and auditors
As explained more fully in the Statement of Directors' Responsibilities set out on page two, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view. Our responsibility is to audit and express an opinion on the financial statements in accordance with applicable law and International Standards on Auditing (UK and Ireland). Those standards require us to comply with the Auditing Practices Board's Ethical Standards for Auditors.

Scope of the audit of the financial statements
An audit involves obtaining evidence about the amounts and disclosures in the financial statements sufficient to give
reasonable assurance that the financial statements are free from material misstatement, whether caused by fraud or error.
This includes an assessment of: whether the accounting policies are appropriate to the company's circumstances and
have been consistently applied and adequately disclosed; the reasonableness of significant accounting estimates made by
the directors; and the overall presentation of the financial statements. In addition, we read all the financial and
non-financial information in the Report of the Directors to identify material inconsistencies with the audited financial
statements and to identify any information that is apparently materially incorrect based on, or materially inconsistent
with, the knowledge acquired by us in the course of performing the audit. If we become aware of any apparent material
misstatements or inconsistencies we consider the implications for our report.


Opinion on financial statements
In our opinion the financial statements:
- give a true and fair view of the state of the company's affairs as at 31 December 2014 and of its loss for the year then
ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
- have been prepared in accordance with the requirements of the Companies Act 2006.

Emphasis of matter
In forming our opinion on the financial statements, which is not qualified, we have considered the adequacy of the
disclosure made in note 1 to the financial statements concerning the appropriateness of the going concern assumption,
notwithstanding that the company incurred a net loss of £433,063 during the year ended 31 December 2014, and as of
that date had net liabilities of £2,627,667.

Opinion on other matter prescribed by the Companies Act 2006
In our opinion the information given in the Report of the Directors for the financial year for which the financial
statements are prepared is consistent with the financial statements.
Report of the Independent Auditors to the Members of
Express Park Buxton Limited


Matters on which we are required to report by exception
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you
if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from
branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit; or
- the directors were not entitled to prepare the financial statements in accordance with the small companies regime and
take advantage of the small companies' exemption from the requirement to prepare a Strategic Report or in preparing
the Report of the Directors.




Philip Littler FCA (Senior Statutory Auditor)
for and on behalf of Maxwells
Chartered Accountants
and Statutory Auditor
4 King Square
Bridgwater
Somerset
TA6 3YF

16 June 2016
Express Park Buxton Limited (Registered number: 07006122)

Profit and Loss Account
for the Year Ended 31 December 2014

31.12.14 31.12.13
Notes £    £   

TURNOVER - -

Cost of sales 96,781 92,321
GROSS LOSS (96,781 ) (92,321 )

Administrative expenses 234,896 374,982
OPERATING LOSS 3 (331,677 ) (467,303 )


Interest payable and similar charges 4 101,386 79,274
LOSS ON ORDINARY ACTIVITIES
BEFORE TAXATION

(433,063

)

(546,577

)

Tax on loss on ordinary activities 5 - -
LOSS FOR THE FINANCIAL YEAR (433,063 ) (546,577 )

CONTINUING OPERATIONS
None of the company's activities were acquired or discontinued during the current year or previous year.

TOTAL RECOGNISED GAINS AND LOSSES
The company has no recognised gains or losses other than the losses for the current year or previous year.

Express Park Buxton Limited (Registered number: 07006122)

Balance Sheet
31 December 2014

31.12.14 31.12.13
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 6 349 465

CURRENT ASSETS
Debtors 7 8,873 2,997
Cash at bank and in hand 41,416 45,827
50,289 48,824
CREDITORS
Amounts falling due within one year 8 732,305 640,063
NET CURRENT LIABILITIES (682,016 ) (591,239 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(681,667

)

(590,774

)

CREDITORS
Amounts falling due after more than one
year

9

1,946,000

1,603,830
NET LIABILITIES (2,627,667 ) (2,194,604 )

CAPITAL AND RESERVES
Called up share capital 10 1 1
Profit and loss account 11 (2,627,668 ) (2,194,605 )
SHAREHOLDERS' FUNDS 14 (2,627,667 ) (2,194,604 )

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

Express Park Buxton Limited (Registered number: 07006122)

Balance Sheet - continued
31 December 2014



The financial statements were approved by the Board of Directors on 14 June 2016 and were signed on its behalf by:





A Van Iddekinge - Director

Express Park Buxton Limited (Registered number: 07006122)

Notes to the Financial Statements
for the Year Ended 31 December 2014

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared in accordance with applicable accounting standards and estimation
techniques.

Accounting standards require the directors to consider the appropriateness of the going concern basis when
preparing the financial statements. The directors confirm that they consider the going concern basis remains
appropriate. The directors have taken notice of the Financial Reporting Council Guidance 'Going Concern and
Liquidity Risk: Guidance for Directors of UK Companies 2009' which requires the reasons for this decision to be
explained. The directors regard the going concern basis as remaining appropriate as the parent company has
provided their assurance that they intend to continue to provide financial support to the company for a period of
at least 12 months from the date that these financial statements are approved.

Should the company be unable to continue trading, adjustments would have to be made to reduce the value of
assets to their recoverable amounts, to provide for any further liabilities which might arise, and to reclassify fixed
assets and long term liabilities as current assets and liabilities.

Accounting convention
The financial statements have been prepared under the historical cost convention.

Financial reporting standard number 1
Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a
small company.

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

Computer equipment - 25% on reducing balance

Deferred tax
Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the
balance sheet date.

2. STAFF COSTS

There were no staff costs for the year ended 31 December 2014 nor for the year ended 31 December 2013.

3. OPERATING LOSS

The operating loss is stated after charging:

31.12.14 31.12.13
£    £   
Depreciation - owned assets 116 155
Auditors' remuneration 3,732 4,000

Directors' remuneration - -

4. INTEREST PAYABLE AND SIMILAR CHARGES
31.12.14 31.12.13
£    £   
Loan interest 101,386 79,274

Loan interest represents interest charged on loans from group undertakings.
Express Park Buxton Limited (Registered number: 07006122)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2014

5. TAXATION

Analysis of the tax charge
No liability to UK corporation tax arose on ordinary activities for the year ended 31 December 2014 nor for the
year ended 31 December 2013.

6. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 January 2014
and 31 December 2014 620
DEPRECIATION
At 1 January 2014 155
Charge for year 116
At 31 December 2014 271
NET BOOK VALUE
At 31 December 2014 349
At 31 December 2013 465

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.14 31.12.13
£    £   
Other debtors 1,073 2,997
Prepayments and accrued income 7,800 -
8,873 2,997

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.14 31.12.13
£    £   
Trade creditors 20,203 74,789
Accruals and deferred income 712,102 565,274
732,305 640,063

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.14 31.12.13
£    £   
Amounts owed to group undertakings 1,946,000 1,603,830

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.14 31.12.13
value: £    £   
1 Ordinary £1 1 1
Express Park Buxton Limited (Registered number: 07006122)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2014

11. RESERVES
Profit
and loss
account
£   

At 1 January 2014 (2,194,605 )
Deficit for the year (433,063 )
At 31 December 2014 (2,627,668 )


12. ULTIMATE PARENT COMPANY AND CONTROLLING PARTY

BDI (Nederland) BV (incorporated in the Netherlands ) is regarded by the directors as being the company's
ultimate parent company.

Buxton Investments Holding BV (incorporated in the Netherlands) is regarded by the directors as being the
company's immediate parent company,

The controlling party are the shareholders in BDI (Nederland) BV.

The accounts of Buxton Investments Holding BV and BDI (Nederland) BV can be obtained from the company's
office at Noorderakerweg 90, 1069 LW Amsterdam, The Netherlands.

13. RELATED PARTY DISCLOSURES

Buxton Investments Holding BV

Immediate parent undertaking


During the year, the company received further funding from its immediate parent undertaking in the form of
additional loan. Interest is compounded at an annual rate of 5.5% and is adopted to the loan at the start of each
financial year. Interest of £101,386 (2013: £79,274) has been accrued and is included within Accruals and
deferred income.

31.12.14 31.12.13
£    £   
Amount due to related party at the balance sheet date 1,946,000 1,503,830

Miller Turner Investment Management Limited

A company under common control


During the year, the company incurred project management services amounting to £120,000 (2013: £120,000).
At the balance sheet date, the company owed £600,000 (2013: £480,000) to Miller Turner Investment
Management Limited and this is included within Accruals and deferred income.
Express Park Buxton Limited (Registered number: 07006122)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2014

14. RECONCILIATION OF MOVEMENTS IN SHAREHOLDERS' FUNDS
31.12.14 31.12.13
£    £   
Loss for the financial year (433,063 ) (546,577 )
Net reduction of shareholders' funds (433,063 ) (546,577 )
Opening shareholders' funds (2,194,604 ) (1,648,027 )
Closing shareholders' funds (2,627,667 ) (2,194,604 )

15. OPTIONS TO PURCHASE LAND

Express Park Buxton Limited holds options to purchase land at Cowdale Quarry, near Buxton, Derbyshire and it
is the current intention to exercise these options if planning permission is successfully obtained.

Options

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