Company No:
Contents
Note | 2021 | 2020 | ||
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Fixed assets | ||||
Investments | 3 |
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522,640 | 495,769 | |||
Current assets | ||||
Debtors | 4 |
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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 |
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Capital and reserves | ||||
Called-up share capital |
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Profit and loss account |
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Total shareholders' funds |
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Director's responsibilities:
The financial statements of Kelland and Partners Holdings Limited (registered number:
S M C Kelland
Director |
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.
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 £.
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.
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.
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.
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 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.
2021 | 2020 | ||
Number | Number | ||
Monthly average number of persons employed by the Company during the year, including the director |
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Investments in subsidiaries
2021 | |
£ | |
Cost | |
At 01 January 2021 |
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At 31 December 2021 |
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Carrying value at 31 December 2021 |
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Carrying value at 31 December 2020 |
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Listed investments | Other investments | Total | |||
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Carrying value before impairment | |||||
At 01 January 2021 |
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Additions |
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Disposals | (
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Movement in fair value |
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At 31 December 2021 |
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Provisions for impairment | |||||
At 01 January 2021 |
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At 31 December 2021 |
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Carrying value at 31 December 2021 |
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Carrying value at 31 December 2020 |
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Investments in shares
Name of entity | Registered office | Nature of business | Class of shares |
Ownership 31.12.2021 |
Ownership 31.12.2020 |
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Kelland House, Quays Office Park, Conference Avenue, Portishead, Bristol, BS20 7LZ | Independent financial advisors |
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2021 | 2020 | ||
£ | £ | ||
Amounts owed by Group undertakings |
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Amounts owed by Parent undertakings |
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Other debtors |
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