Caseware UK (AP4) 2022.0.179 2022.0.179 2023-06-302023-06-3042022-07-01falseNo description of principal activity4truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. SC059312 2022-07-01 2023-06-30 SC059312 2021-07-01 2022-06-30 SC059312 2023-06-30 SC059312 2022-06-30 SC059312 c:CompanySecretary1 2022-07-01 2023-06-30 SC059312 c:Director1 2022-07-01 2023-06-30 SC059312 c:Director2 2022-07-01 2023-06-30 SC059312 c:Director3 2022-07-01 2023-06-30 SC059312 c:Director4 2022-07-01 2023-06-30 SC059312 c:RegisteredOffice 2022-07-01 2023-06-30 SC059312 d:PlantMachinery 2022-07-01 2023-06-30 SC059312 d:PlantMachinery 2023-06-30 SC059312 d:PlantMachinery 2022-06-30 SC059312 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 SC059312 d:FreeholdInvestmentProperty 2022-07-01 2023-06-30 SC059312 d:FreeholdInvestmentProperty 2023-06-30 SC059312 d:FreeholdInvestmentProperty 2022-06-30 SC059312 d:CurrentFinancialInstruments 2023-06-30 SC059312 d:CurrentFinancialInstruments 2022-06-30 SC059312 d:Non-currentFinancialInstruments 2023-06-30 SC059312 d:Non-currentFinancialInstruments 2022-06-30 SC059312 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 SC059312 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 SC059312 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 SC059312 d:Non-currentFinancialInstruments d:AfterOneYear 2022-06-30 SC059312 d:ShareCapital 2023-06-30 SC059312 d:ShareCapital 2022-06-30 SC059312 d:RetainedEarningsAccumulatedLosses 2023-06-30 SC059312 d:RetainedEarningsAccumulatedLosses 2022-06-30 SC059312 c:OrdinaryShareClass1 2022-07-01 2023-06-30 SC059312 c:OrdinaryShareClass1 2023-06-30 SC059312 c:FRS102 2022-07-01 2023-06-30 SC059312 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 SC059312 c:FullAccounts 2022-07-01 2023-06-30 SC059312 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 SC059312 6 2022-07-01 2023-06-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC059312










KKR LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

 
KKR LIMITED
 

COMPANY INFORMATION


Directors
J S Kilgour 
J G Russell 
I Russell 
G E Donald 




Company secretary
G E Donald



Registered number
SC059312



Registered office
Unit 1
Waverley Road

Mitchelston Industrial Estate

Kirkcaldy

Fife

KY1 3NH




Accountants
EQ Accountants LLP
Chartered Accountants

Pentland House

Saltire Centre

Glenrothes

Fife

KY6 2AH





 
KKR LIMITED
REGISTERED NUMBER:SC059312

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2023

2023
2022
£
£

Fixed assets
  

Tangible assets
 4 
6,673
-

Investments
 5 
1
1

Investment property
 6 
4,632,759
4,626,537

  
4,639,433
4,626,538

Current assets
  

Debtors: amounts falling due after more than one year
 7 
100,000
100,000

Debtors: amounts falling due within one year
 7 
116,163
49,359

Cash at bank and in hand
  
514,596
459,661

  
730,759
609,020

Creditors: amounts falling due within one year
 8 
(446,078)
(308,286)

Net current assets
  
 
 
284,681
 
 
300,734

Total assets less current liabilities
  
4,924,114
4,927,272

Creditors: amounts falling due after more than one year
 9 
(212,023)
(302,654)

  

Net assets
  
4,712,091
4,624,618


Capital and reserves
  

Called up share capital 
 10 
125,000
125,000

Profit and loss account
  
4,587,091
4,499,618

  
4,712,091
4,624,618


Page 1

 
KKR LIMITED
REGISTERED NUMBER:SC059312

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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: 




J S Kilgour
Director

Date: 26 October 2023

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
KKR LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1.


General information

KKR Limited is a private company, limited by shares and incorporated in Scotland; registration number SC059312. The address of the registered office is Unit 1 Waverley Road, Mitchelston Industrial Estate, Kirkcaldy, Fife, KY1 3NH. 
The financial statements are presented in sterling which is the functional currency of the Company and rounded to the nearest £.

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

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
20%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Investment property

Investment property is carried at fair value determined annually by either the directors or external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss. If properties are determined by external valuers in any particular year, the Investment property note is updated accordingly.

Page 3

 
KKR LIMITED
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.6

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of financial position 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.

 
2.7

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.

 
2.8

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.9

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2022 - 4).

Page 4

 
KKR LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

4.


Tangible fixed assets





Plant and machinery

£



Cost or valuation


Additions
8,001



At 30 June 2023

8,001



Depreciation


Charge for the year on owned assets
1,328



At 30 June 2023

1,328



Net book value



At 30 June 2023
6,673



At 30 June 2022
-


5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 July 2022
1



At 30 June 2023
1




Page 5

 
KKR LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

6.


Investment property


Investment property

£



Valuation


At 1 July 2022
4,626,537


Additions at cost
6,222



At 30 June 2023
4,632,759

The 2019 valuations were made by Ryden, on an open market value for existing use basis.





7.


Debtors

2023
2022
£
£

Due after more than one year

Amounts owed by related party
100,000
100,000


2023
2022
£
£

Due within one year

Trade debtors
57,703
49,359

Other debtors
4,324
-

Prepayments and accrued income
54,136
-

116,163
49,359



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
88,025
94,936

Trade creditors
217,388
23,203

Other taxation and social security
49,797
91,084

Accruals and deferred income
90,868
99,063

446,078
308,286


The bank loan is secured by both a Bond and Floating Charge over the assets of the company and a Standard Security over specific property.

Page 6

 
KKR LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
212,023
302,654


The bank loan is secured by both a Bond and Floating Charge over the assets of the company and a Standard Security over specific property.


10.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



125,000 Ordinary shares of £1.00 each
125,000
125,000



Page 7