Company registration number SC198237 (Scotland)
KIC (HOLDINGS) LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
PAGES FOR FILING WITH REGISTRAR
KIC (HOLDINGS) LTD
COMPANY INFORMATION
Directors
Mrs K Morrison
Mr W B Morrison
Mr J W S P Morrison
Secretary
Mr G Coull
Company number
SC198237
Registered office
Kincardine House
Aberargie
Perth
United Kingdom
PH2 9LX
Auditor
Azets Audit Services
5 Whitefriars Crescent
Perth
United Kingdom
PH2 0PA
KIC (HOLDINGS) LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 10
KIC (HOLDINGS) LTD
BALANCE SHEET
AS AT
31 DECEMBER 2022
31 December 2022
2022
2021
Notes
£
£
£
£
Fixed assets
Tangible assets
4
11,240,699
11,040,498
Investment property
5
1,635,000
1,155,000
Investments
6
1,712,404
1,712,404
14,588,103
13,907,902
Current assets
Stocks
102,768
17,418
Debtors
8
2,358,297
4,222,507
Cash at bank and in hand
474,786
307,780
2,935,851
4,547,705
Creditors: amounts falling due within one year
9
(1,166,362)
(224,553)
Net current assets
1,769,489
4,323,152
Total assets less current liabilities
16,357,592
18,231,054
Creditors: amounts falling due after more than one year
10
(2,077,268)
Provisions for liabilities
(633,503)
(440,860)
Net assets
15,724,089
15,712,926
Capital and reserves
Called up share capital
11
1,003
1,003
Share premium account
4,945,766
4,945,766
Capital redemption reserve
810
810
Profit and loss reserves
10,776,510
10,765,347
Total equity
15,724,089
15,712,926
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 29 September 2023 and are signed on its behalf by:
Mr J W S P Morrison
Director
Company Registration No. SC198237
- 1 -
KIC (HOLDINGS) LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
1
Accounting policies
Company information
KIC (Holdings) Ltd is a private company limited by shares incorporated in Scotland. The registered office is Kincardine House, Aberargie, Perth, United Kingdom, PH2 9LX.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
The company has taken advantage of the exemption under section 400 of the Companies Act 2006 not to prepare consolidated accounts. The financial statements present information about the company as an individual entity and not about its group.
KIC (Holdings) Ltd is a wholly owned subsidiary of Kincardine Ltd and the results of KIC (Holdings) Ltd are included in the consolidated financial statements of Kincardine Ltd which are available from Worlds End Studios, 132-134 Lots Road, London, SW10 0RJ.
1.2
Turnover
- 2 -
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Turnover represents income received from farming, the letting of property and land together with wayleaves and feu duties.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Freehold land and buildings
2% on straight line
Plant and equipment
25% on reducing balance and 5% on reducing balance
Fixtures and fittings
25% on reducing balance
Motor vehicles
25% on reducing balance
Property improvements
10% on reducing balance
Freehold land is not depreciated.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
KIC (HOLDINGS) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
1
Accounting policies
(Continued)
1.4
Investment property
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.
1.5
Fixed asset investments
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.
Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.
1.6
Impairment of fixed assets
- 3 -
At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.
Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.
If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.
Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.
1.7
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.
KIC (HOLDINGS) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
1
Accounting policies
(Continued)
- 4 -
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.
1.8
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 current liabilities.
1.9
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Other financial assets
Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.
Impairment of financial assets
Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.
Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.
If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.
Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
KIC (HOLDINGS) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
1
Accounting policies
(Continued)
Other financial liabilities
- 5 -
Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.
Debt instruments that do not meet the conditions in FRS 102 paragraph 11.9 are subsequently measured at fair value through profit or loss. Debt instruments may be designated as being measured at fair value through profit or loss to eliminate or reduce an accounting mismatch or if the instruments are measured and their performance evaluated on a fair value basis in accordance with a documented risk management or investment strategy.
Derecognition of financial liabilities
Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.
1.10
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
1.11
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
KIC (HOLDINGS) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
1
Accounting policies
(Continued)
1.12
Leases
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.
Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.
1.13
Government grants
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.
A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.
1.14
Foreign exchange
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.
2
Judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3
Employees
The average monthly number of persons employed by the company during the year was:
2022
2021
Number
Number
Total
- 6 -
KIC (HOLDINGS) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
4
Tangible fixed assets
Freehold land and buildings
Plant and equipment
Fixtures and fittings
Motor vehicles
Property improvements
Total
£
£
£
£
£
£
Cost
At 1 January 2022
9,701,311
1,985,045
121,104
4,276
11,811,736
Additions
69,250
144,057
213,307
Business combinations
343,707
166
1,347
345,220
Disposals
(224)
(1,470)
(1,694)
At 31 December 2022
10,114,268
2,129,044
119,634
4,276
1,347
12,368,569
Depreciation and impairment
At 1 January 2022
418,964
276,159
73,192
2,923
771,238
Depreciation charged in the year
141,899
203,552
11,823
338
357,612
Eliminated in respect of disposals
(130)
(850)
(980)
At 31 December 2022
560,863
479,581
84,165
3,261
1,127,870
Carrying amount
At 31 December 2022
9,553,405
1,649,463
35,469
1,015
1,347
11,240,699
At 31 December 2021
9,282,347
1,708,886
47,912
1,353
11,040,498
Assets under construction at a cost of £18,095 (2021 - £nil) are included in freehold land and buildings. These assets are not depreciated.
Assets under construction at a cost of £nil (2021 - £360,339) are included in plant and equipment. These assets are not depreciated.
5
Investment property
2022
£
Fair value
At 1 January 2022
1,155,000
Additions
480,000
At 31 December 2022
1,635,000
Investment property is valued on an open market value basis by reference to market evidence of transaction prices for similar properties.
- 7 -
KIC (HOLDINGS) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
6
Fixed asset investments
2022
2021
£
£
Shares in group undertakings and participating interests
1,712,402
1,712,402
Other investments other than loans
2
2
1,712,404
1,712,404
7
Subsidiaries
Details of the company's subsidiaries at 31 December 2022 are as follows:
Name of undertaking
Registered office
Class of
% Held
shares held
Direct
KIC Inventories Limited
Kincardine House, Aberargie, Perth, Scotland, PH2 9LX
Ordinary
100.00
Morrison Scotch Whisky Distillers Limited
Kincardine House, Aberargie, Perth, Scotland, PH2 9LX
Ordinary
100.00
The Perth Distilling Company Limited
Kincardine House, Aberargie, Perth, Scotland, PH2 9LX
Ordinary
100.00
Grange Mains Farm Limited
Kincardine House, Aberargie, Perth, Scotland, PH2 9LX
Ordinary
100.00
8
Debtors
2022
2021
Amounts falling due within one year:
£
£
Trade debtors
216,241
329,886
Corporation tax recoverable
7,155
7,150
Other debtors
2,134,901
3,870,138
2,358,297
4,207,174
2022
2021
Amounts falling due after more than one year:
£
£
Other debtors
15,333
Total debtors
2,358,297
4,222,507
- 8 -
KIC (HOLDINGS) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
9
Creditors: amounts falling due within one year
2022
2021
£
£
Trade creditors
65,995
66,293
Amounts owed to group undertakings
928,030
Corporation tax
55,286
32,211
Other taxation and social security
11,175
Other creditors
105,876
126,049
1,166,362
224,553
10
Creditors: amounts falling due after more than one year
2022
2021
£
£
Bank loans and overdrafts
2,020,000
Other creditors
57,268
2,077,268
A standard security over the farm land at Laurencekirk has been granted to AMC plc as security for the bank loan.
Creditors which fall due after five years are as follows:
2022
2021
£
£
Payable other than by instalments
2,020,000
11
Called up share capital
2022
2021
2022
2021
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A of £1 each
823
823
823
823
Ordinary B of £1 each
180
180
180
180
1,003
1,003
1,003
1,003
12
Audit report information
As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:
The auditor's report was unqualified.
Senior Statutory Auditor:
Alan Taylor
Statutory Auditor:
Azets Audit Services
- 9 -
KIC (HOLDINGS) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
13
Acquisitions
On 31 December 2022 the company acquired the business of Grange Mains Farm Ltd.
Fair Value
£
Property, plant and equipment
345,220
Investment property
480,000
Trade and other receivables
4,625
Cash and cash equivalents
108,646
Trade and other payables
(7,696)
Tax liabilities
(2,765)
Total identifiable net assets
928,030
Goodwill
-
Total consideration
928,030
Satisfied by:
£
Deferred consideration
928,030
14
Related party transactions
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' not to disclose related party transactions with wholly owned subsidiaries within the group.true
15
Directors' transactions
Description
% Rate
Opening balance
Amounts advanced
Interest charged
Amounts repaid
Closing balance
£
£
£
£
£
Director's loan account
2.00
777
16
793
Director's loan account
2.00
21,223
2,629
333
(23,491)
694
22,000
2,629
349
(23,491)
1,487
16
Parent company
The parent company of KIC (Holdings) Limited is Kincardine Limited and its registered office is Worlds End Studios, 132-134 Lots Road, London, SW10 0RJ.
The ultimate controlling party is Mrs K Morrison.
- 10 -
2022-12-312022-01-01false29 September 2023CCH SoftwareCCH Accounts Production 2023.100No description of principal activityThis audit opinion is unqualifiedMrs K MorrisonMr W B MorrisonMr J W S P MorrisonMr G CoullSC1982372022-01-012022-12-31SC198237bus:Director12022-01-012022-12-31SC198237bus:Director22022-01-012022-12-31SC198237bus:Director32022-01-012022-12-31SC198237bus:CompanySecretary12022-01-012022-12-31SC198237bus:RegisteredOffice2022-01-012022-12-31SC1982372022-12-31SC1982372021-12-31SC198237core:LandBuildingscore:OwnedOrFreeholdAssets2022-12-31SC198237core:PlantMachinery2022-12-31SC198237core:FurnitureFittings2022-12-31SC198237core:MotorVehicles2022-12-31SC198237core:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment2022-12-31SC198237core:LandBuildingscore:OwnedOrFreeholdAssets2021-12-31SC198237core:PlantMachinery2021-12-31SC198237core:FurnitureFittings2021-12-31SC198237core:MotorVehicles2021-12-31SC198237core:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment2021-12-31SC198237core:CurrentFinancialInstrumentscore:WithinOneYear2022-12-31SC198237core:CurrentFinancialInstrumentscore:WithinOneYear2021-12-31SC198237core:Non-currentFinancialInstrumentscore:AfterOneYear2022-12-31SC198237core:Non-currentFinancialInstrumentscore:AfterOneYear2021-12-31SC198237core:CurrentFinancialInstruments2022-12-31SC198237core:CurrentFinancialInstruments2021-12-31SC198237core:Non-currentFinancialInstruments2022-12-31SC198237core:Non-currentFinancialInstruments2021-12-31SC198237core:ShareCapital2022-12-31SC198237core:ShareCapital2021-12-31SC198237core:SharePremium2022-12-31SC198237core:SharePremium2021-12-31SC198237core:CapitalRedemptionReserve2022-12-31SC198237core:CapitalRedemptionReserve2021-12-31SC198237core:RetainedEarningsAccumulatedLosses2022-12-31SC198237core:RetainedEarningsAccumulatedLosses2021-12-31SC198237core:LandBuildingscore:OwnedOrFreeholdAssets2022-01-012022-12-31SC198237core:PlantMachinery2022-01-012022-12-31SC198237core:FurnitureFittings2022-01-012022-12-31SC198237core:MotorVehicles2022-01-012022-12-31SC198237core:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment2022-01-012022-12-31SC1982372021-01-012021-12-31SC198237core:LandBuildingscore:OwnedOrFreeholdAssets2021-12-31SC198237core:PlantMachinery2021-12-31SC198237core:FurnitureFittings2021-12-31SC198237core:MotorVehicles2021-12-31SC198237core:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment2021-12-31SC1982372021-12-31SC198237core:Subsidiary12022-01-012022-12-31SC198237core:Subsidiary22022-01-012022-12-31SC198237core:Subsidiary32022-01-012022-12-31SC198237core:Subsidiary42022-01-012022-12-31SC198237core:Subsidiary112022-01-012022-12-31SC198237core:Subsidiary222022-01-012022-12-31SC198237core:Subsidiary332022-01-012022-12-31SC198237core:Subsidiary442022-01-012022-12-31SC198237core:WithinOneYear2022-12-31SC198237core:WithinOneYear2021-12-31SC198237core:AfterOneYear2022-12-31SC198237core:AfterOneYear2021-12-31SC198237bus:OrdinaryShareClass12022-01-012022-12-31SC198237bus:OrdinaryShareClass22022-01-012022-12-31SC198237bus:OrdinaryShareClass12022-12-31SC198237bus:OrdinaryShareClass12021-12-31SC198237bus:OrdinaryShareClass22022-12-31SC198237bus:OrdinaryShareClass22021-12-31SC198237bus:OrdinaryShareClass12021-01-012021-12-31SC198237bus:OrdinaryShareClass22021-01-012021-12-31SC198237bus:Director22021-12-31SC198237bus:Director22022-12-31SC198237bus:Director32021-12-31SC198237bus:Director32022-12-31SC198237bus:Director212022-12-31SC198237bus:Director312022-12-31SC19823712022-12-31SC198237bus:PrivateLimitedCompanyLtd2022-01-012022-12-31SC198237bus:SmallCompaniesRegimeForAccounts2022-01-012022-12-31SC198237bus:FRS1022022-01-012022-12-31SC198237bus:Audited2022-01-012022-12-31SC198237bus:FullAccounts2022-01-012022-12-31xbrli:purexbrli:sharesiso4217:GBP