Silverfin false 31/12/2021 31/12/2021 01/01/2021 S M C Kelland 25/08/1992 C A Rowley 10 August 2022 The principal activity of the Company during the financial year was that of a holding company. 02718760 2021-12-31 02718760 bus:Director1 2021-12-31 02718760 2020-12-31 02718760 core:CurrentFinancialInstruments 2021-12-31 02718760 core:CurrentFinancialInstruments 2020-12-31 02718760 core:ShareCapital 2021-12-31 02718760 core:ShareCapital 2020-12-31 02718760 core:RetainedEarningsAccumulatedLosses 2021-12-31 02718760 core:RetainedEarningsAccumulatedLosses 2020-12-31 02718760 core:CostValuation 2020-12-31 02718760 core:CostValuation 2021-12-31 02718760 core:AdditionsToInvestments 2021-12-31 02718760 core:DisposalsRepaymentsInvestments 2021-12-31 02718760 core:RevaluationsIncreaseDecreaseInInvestments 2021-12-31 02718760 core:ProvisionsForImpairmentInvestments 2020-12-31 02718760 core:ProvisionsForImpairmentInvestments 2021-12-31 02718760 core:ImmediateParent core:CurrentFinancialInstruments 2021-12-31 02718760 core:ImmediateParent core:CurrentFinancialInstruments 2020-12-31 02718760 2021-01-01 2021-12-31 02718760 bus:FullAccounts 2021-01-01 2021-12-31 02718760 bus:SmallEntities 2021-01-01 2021-12-31 02718760 bus:AuditExemptWithAccountantsReport 2021-01-01 2021-12-31 02718760 bus:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31 02718760 bus:Director1 2021-01-01 2021-12-31 02718760 bus:CompanySecretary1 2021-01-01 2021-12-31 02718760 2020-01-01 2020-12-31 02718760 core:Subsidiary1 2021-01-01 2021-12-31 02718760 core:Subsidiary1 1 2021-01-01 2021-12-31 02718760 core:Subsidiary1 1 2020-01-01 2020-12-31 iso4217:GBP xbrli:pure decimalUnit

Company No: 02718760 (England and Wales)

KELLAND AND PARTNERS HOLDINGS LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2021
Pages for filing with the registrar

KELLAND AND PARTNERS HOLDINGS LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2021

Contents

KELLAND AND PARTNERS HOLDINGS LIMITED

BALANCE SHEET

As at 31 December 2021
KELLAND AND PARTNERS HOLDINGS LIMITED

BALANCE SHEET (continued)

As at 31 December 2021
Note 2021 2020
£ £
Fixed assets
Investments 3 522,640 495,769
522,640 495,769
Current assets
Debtors 4 1,184,406 1,366,924
1,184,406 1,366,924
Net current assets 1,184,406 1,366,924
Total assets less current liabilities 1,707,046 1,862,693
Net assets 1,707,046 1,862,693
Capital and reserves
Called-up share capital 202 202
Profit and loss account 1,706,844 1,862,491
Total shareholders' funds 1,707,046 1,862,693

For the financial year ending 31 December 2021 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Kelland and Partners Holdings Limited (registered number: 02718760) were approved and authorised for issue by the Director on 10 August 2022. They were signed on its behalf by:

S M C Kelland
Director
KELLAND AND PARTNERS HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2021
KELLAND AND PARTNERS HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2021
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Kelland and Partners Holdings Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Kellands House Quays Office Park, Conference Avenue, Portishead, BS20 7LZ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Dividend income

Dividend income from investments is recognised when the shareholders' rights to receive payment have been established (provided that it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably).

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Reserves

Profit and loss account includes all current and prior periods profits and losses. The reserve includes movements on financial assets at fair value through the profit and loss as these are deemed distributable as the assets can be readily converted to cash.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

2. Employees

2021 2020
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Fixed asset investments

Investments in subsidiaries

2021
£
Cost
At 01 January 2021 1
At 31 December 2021 1
Carrying value at 31 December 2021 1
Carrying value at 31 December 2020 1
Listed investments Other investments Total
£ £ £
Carrying value before impairment
At 01 January 2021 245,768 250,000 495,768
Additions 60,120 0 60,120
Disposals ( 52,424) 0 ( 52,424)
Movement in fair value 19,175 0 19,175
At 31 December 2021 272,639 250,000 522,639
Provisions for impairment
At 01 January 2021 0 0 0
At 31 December 2021 0 0 0
Carrying value at 31 December 2021 272,639 250,000 522,639
Carrying value at 31 December 2020 245,768 250,000 495,768

Investments in shares

Name of entity Registered office Nature of business Class of
shares
Ownership
31.12.2021
Ownership
31.12.2020
Kellands (Gloucester) Limited Kelland House, Quays Office Park, Conference Avenue, Portishead, Bristol, BS20 7LZ Independent financial advisors Ordinary 100.00% 100.00%

4. Debtors

2021 2020
£ £
Amounts owed by Group undertakings 652,951 584,523
Amounts owed by Parent undertakings 12,381 12,381
Other debtors 519,074 770,020
1,184,406 1,366,924