Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-312022-12-312022-01-01falseNo description of principal activity11falsetrue 11057439 2022-01-01 2022-12-31 11057439 2021-01-01 2021-12-31 11057439 2022-12-31 11057439 2021-12-31 11057439 c:Director1 2022-01-01 2022-12-31 11057439 d:CurrentFinancialInstruments 2022-12-31 11057439 d:CurrentFinancialInstruments 2021-12-31 11057439 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 11057439 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 11057439 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 11057439 d:Non-currentFinancialInstruments d:AfterOneYear 2021-12-31 11057439 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-12-31 11057439 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2021-12-31 11057439 d:ShareCapital 2022-12-31 11057439 d:ShareCapital 2021-12-31 11057439 d:RetainedEarningsAccumulatedLosses 2022-12-31 11057439 d:RetainedEarningsAccumulatedLosses 2021-12-31 11057439 c:OrdinaryShareClass1 2022-01-01 2022-12-31 11057439 c:OrdinaryShareClass1 2022-12-31 11057439 c:OrdinaryShareClass1 2021-12-31 11057439 c:FRS102 2022-01-01 2022-12-31 11057439 c:Audited 2022-01-01 2022-12-31 11057439 c:FullAccounts 2022-01-01 2022-12-31 11057439 c:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 11057439 c:SmallCompaniesRegimeForAccounts 2022-01-01 2022-12-31 11057439 2 2022-01-01 2022-12-31 11057439 6 2022-01-01 2022-12-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 11057439









KE HOTELS (BATH) LTD









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2022

 
KE HOTELS (BATH) LTD
REGISTERED NUMBER: 11057439

BALANCE SHEET
AS AT 31 DECEMBER 2022

2022
2021
Note
£
£

Fixed assets
  

Investments
 4 
-
14,056,406

  
-
14,056,406

Current assets
  

Debtors: amounts falling due within one year
 5 
-
2,145

Cash at bank and in hand
 6 
5,621,971
5,010

  
5,621,971
7,155

Creditors: amounts falling due within one year
 7 
(1,109,422)
(3,400,754)

Net current assets/(liabilities)
  
 
 
4,512,549
 
 
(3,393,599)

Total assets less current liabilities
  
4,512,549
10,662,807

Creditors: amounts falling due after more than one year
  
-
(10,853,711)

  

Net assets/(liabilities)
  
4,512,549
(190,904)


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
4,512,548
(190,905)

  
4,512,549
(190,904)


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 comprehensive income 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: 

A Khanna
Director

Date: 24 October 2023

The notes on pages 2 to 6 form part of these financial statements.

Page 1

 
KE HOTELS (BATH) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1.


General information

KE Hotels (Bath) Ltd is a private company limited by shares and is registered in England and Wales, its company number is 11057439. Its registered office is Aston House, Cornwall Avenue, London, N3 1LF. The principal activity of the company continued to be that of a holding company.

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 following principal accounting policies have been applied:

 
2.2

Exemption from preparing consolidated financial statements

The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

 
2.3

Going concern

The financial statements have been prepared on a going concern basis which assumes that the company will be able to continue trading for the foreseeable future. The company has net assets of £4,512,549 (2021: net liabilites of £190,904) at the balance sheet date. The group has stated that it intends, without creating a contractual obligation, to provide such support as may be necessary to the company, and confirmed the group’s commitment to provide funds to meet ongoing expenses for at least 12 months from the date of approval of the financial statements. 
The director is therefore satisfied that the going concern basis is appropriate for the preparation of these financial statements.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Page 2

 
KE HOTELS (BATH) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
2.8

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.

 
2.9

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.

 
2.10

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.

 
2.11

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.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an 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.

Page 3

 
KE HOTELS (BATH) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2021 - 1).


4.


Fixed asset investments





Investments in subsidiary companies

£





At 1 January 2022
14,056,406


Disposals
(14,056,406)



At 31 December 2022
-





5.


Debtors

2022
2021
£
£


Other debtors
-
2,145



6.


Cash and cash equivalents

2022
2021
£
£

Cash at bank and in hand
5,621,971
5,010



7.


Creditors: Amounts falling due within one year

2022
2021
£
£

Bank loans
-
387,481

Amounts owed to group undertakings
1,051,637
2,958,121

Other creditors
50,000
25,023

Accruals and deferred income
7,785
30,129

1,109,422
3,400,754


Page 4

 
KE HOTELS (BATH) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

8.


Loans


Analysis of the maturity of loans is given below:


2022
2021
£
£

Amounts falling due within one year

Bank loans
-
387,481

-
387,481

Amounts falling due 1-2 years

Bank loans
-
10,853,711

-
10,853,711



9.


Share capital

2022
2021
£
£
Allotted, called up and fully paid



1 (2021 - 1) Ordinary share of £1.00
1
1

There is a single class of Ordinary shares. There are no restrictions on the distribution of dividends and the repayment of capital.



10.


Related party transactions

The Company has taken advantage of the exemption contained in Section 33 of FRS 102 "Related Party Disclosures" from disclosing transactions with entities which are part of the group, since 100% of the voting rights in the Company are controlled within the group. 


11.


Controlling party

The Company is a wholly owned subsidiary of Khanna Enterprises (Holdings) Limited. The ultimate controlling party is the director, A Khanna, who is the sole shareholder of Khanna Enterprises (Holdings) Limited, a company incorporated in England and Wales. The accounts of the Company are included in the consolidated financial statements of Khanna Enterprises (Holdings) Limited, copies of which can be obtained from Companies House.

Page 5

 
KE HOTELS (BATH) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

12.


Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2022 was unqualified.

The audit report was signed on 24 October 2023 by Alexander Chrysaphiades FCA (Senior Statutory Auditor) on behalf of Adler Shine LLP.

 
Page 6