Caseware UK (AP4) 2021.0.152 2021.0.152 2021-07-312021-07-310truetrue2020-08-01falsetrueThe principal activity of the company during the year was that of organising conference events and management of Kingston Maurward Animal Park.0trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05472379 2020-08-01 2021-07-31 05472379 2019-08-01 2020-07-31 05472379 2021-07-31 05472379 2020-07-31 05472379 c:Director1 2020-08-01 2021-07-31 05472379 d:CurrentFinancialInstruments 2021-07-31 05472379 d:CurrentFinancialInstruments 2020-07-31 05472379 d:CurrentFinancialInstruments d:WithinOneYear 2021-07-31 05472379 d:CurrentFinancialInstruments d:WithinOneYear 2020-07-31 05472379 d:ShareCapital 2021-07-31 05472379 d:ShareCapital 2020-07-31 05472379 d:RetainedEarningsAccumulatedLosses 2021-07-31 05472379 d:RetainedEarningsAccumulatedLosses 2020-07-31 05472379 c:FRS102 2020-08-01 2021-07-31 05472379 c:Audited 2020-08-01 2021-07-31 05472379 c:FullAccounts 2020-08-01 2021-07-31 05472379 c:PrivateLimitedCompanyLtd 2020-08-01 2021-07-31 05472379 c:SmallCompaniesRegimeForAccounts 2020-08-01 2021-07-31 iso4217:GBP xbrli:pure

Registered number: 05472379
















KINGSTON MAURWARD ENTERPRISES LIMITED




FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JULY 2021


































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KINGSTON MAURWARD ENTERPRISES LIMITED
REGISTERED NUMBER:05472379

STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2021

2021
2020
Note
£
£

  

Current assets
  

Stocks
  
11,676
11,781

Debtors
 4 
160,068
74,513

Cash
 5 
3,771
69,252

  
175,515
155,546

Creditors: amounts falling due within one year
 6 
(214,890)
(155,855)

Net current liabilities
  
 
 
(39,375)
 
 
(309)

Total assets less current liabilities
  
(39,375)
(309)

  

Net liabilities
  
(39,375)
(309)


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
(39,376)
(310)

  
(39,375)
(309)


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 income and retained earnings 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: 





Luke Rake
Director

Date: 14 September 2022

The notes on pages 2 to 5 form part of these financial statements.

Page 1


KINGSTON MAURWARD ENTERPRISES LIMITED

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2021

1.


GENERAL INFORMATION

Kingston Maurward Enterprises is a private company limited by shares and incorporated in the UK. The registered office is Kingston Maurward College, Dorchester, Dorset, DT2 8PY. The principal activity of the company is the organising of conference events and management of the animal park. All taxable profits from such activity will be gifted aided to the company's parent charity, Kingston Maurward College.

2.ACCOUNTING POLICIES

 
2.1

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.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

FINANCIAL REPORTING STANDARD 102 - REDUCED DISCLOSURE EXEMPTIONS

The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":
the requirements of Section 7 Statement of Cash Flows;
the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d).

This information is included in the consolidated financial statements of Kingston Maurward College as at 31 July 2021 and these financial statements may be obtained from Kingston Maurward College, Dorchester, Dorset, DT2 8PY.

 
2.3

GOING CONCERN

The Company's accounts are prepared on the going concern basis. Close attention is being given to the analysis of budget and cash flow forecast over an extended period greater than twelve months in order to be able to respond in such a way as to maximise results of the Company.

 
2.4

REVENUE

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Page 2


KINGSTON MAURWARD ENTERPRISES LIMITED

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2021

2.ACCOUNTING POLICIES (continued)

 
2.5

STOCKS

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.6

DEBTORS

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

CASH AND CASH EQUIVALENTS

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

CREDITORS

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

FINANCIAL INSTRUMENTS

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

 
2.10

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.

Page 3


KINGSTON MAURWARD ENTERPRISES LIMITED

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2021

3.


EMPLOYEES

The Company has no employees other than the directors, who did not receive any remuneration (2020: £NIL).

The employees' contracts of service are with the parent, Kingston Maurward College and their remuneration is included in the College's financial statements. The management charge that the College makes to Kingston Maurward Enterprises Limited includes the cost of these employees, but it is impossible to ascertain separately the element of the management charge that relates to staff costs.

The average monthly number of employees, including directors, during the year was 0 (2020: 0).


4.


DEBTORS

2021
2020
£
£


Trade debtors
-
2,314

Amounts owed by group undertakings
158,228
63,331

Other debtors
-
8,868

Prepayments and accrued income
1,840
-

160,068
74,513



5.


CASH AND CASH EQUIVALENTS

2021
2020
£
£

Cash at bank and in hand
3,771
69,252

3,771
69,252



6.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021
2020
£
£

Trade creditors
5,198
15,264

Amounts owed to group undertakings
133,032
33,134

Other creditors - payments on account
73,333
102,436

Accruals
3,327
5,021

214,890
155,855


Page 4


KINGSTON MAURWARD ENTERPRISES LIMITED

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2021

7.


CONTROLLING PARTY

The ultimate controlling party is Kingston Maurward College by virtue of its total controlling shareholding. 
This company is a wholly owned subsidiary of Kingston Maurward College, a corporation under the Further And Higher Educations Act 1992 and for which group accounts are prepared.
The company has taken advantage of the exemption in Financial Reporting Standard 102 from the requirement to disclose transactions with group companies on the grounds that consolidated financial statements are prepared by the ultimate parent company. 


8.


AUDITORS' INFORMATION

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

The audit report was signed on 14 September 2022 by Craig Sullivan FCCA (Senior statutory auditor) on behalf of Bishop Fleming LLP.

 
Page 5