Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-04-01false11truetrue 02867074 2022-04-01 2023-03-31 02867074 2021-04-01 2022-03-31 02867074 2023-03-31 02867074 2022-03-31 02867074 c:Director1 2022-04-01 2023-03-31 02867074 d:CurrentFinancialInstruments 2023-03-31 02867074 d:CurrentFinancialInstruments 2022-03-31 02867074 d:Non-currentFinancialInstruments 2023-03-31 02867074 d:Non-currentFinancialInstruments 2022-03-31 02867074 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 02867074 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 02867074 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 02867074 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 02867074 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-03-31 02867074 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-03-31 02867074 d:ShareCapital 2023-03-31 02867074 d:ShareCapital 2022-03-31 02867074 d:OtherMiscellaneousReserve 2023-03-31 02867074 d:OtherMiscellaneousReserve 2022-03-31 02867074 d:RetainedEarningsAccumulatedLosses 2023-03-31 02867074 d:RetainedEarningsAccumulatedLosses 2022-03-31 02867074 c:OrdinaryShareClass1 2022-04-01 2023-03-31 02867074 c:OrdinaryShareClass1 2023-03-31 02867074 c:OrdinaryShareClass1 2022-03-31 02867074 c:FRS102 2022-04-01 2023-03-31 02867074 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 02867074 c:FullAccounts 2022-04-01 2023-03-31 02867074 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 02867074 d:Subsidiary1 2022-04-01 2023-03-31 02867074 d:Subsidiary1 1 2022-04-01 2023-03-31 02867074 4 2022-04-01 2023-03-31 02867074 6 2022-04-01 2023-03-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 02867074









K P HASTINGWOOD LIMITED

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
K P HASTINGWOOD LIMITED
REGISTERED NUMBER: 02867074

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
100
100

  
100
100

Current assets
  

Debtors: amounts falling due within one year
 5 
2,066
2,066

Cash at bank and in hand
  
65
65

  
2,131
2,131

Creditors: amounts falling due within one year
 6 
(481,178)
(480,809)

Net current liabilities
  
 
 
(479,047)
 
 
(478,678)

Total assets less current liabilities
  
(478,947)
(478,578)

Creditors: amounts falling due after more than one year
 7 
(30,396)
(27,697)

  

Net liabilities
  
(509,343)
(506,275)


Capital and reserves
  

Called up share capital 
 9 
86
86

Other reserves
  
13,488
16,556

Profit and loss account
  
(522,917)
(522,917)

  
(509,343)
(506,275)


Page 1

 
K P HASTINGWOOD LIMITED
REGISTERED NUMBER: 02867074

BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

The director considers 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 director acknowledges his 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 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 on 2 November 2023.




K J Pitt
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
K P HASTINGWOOD LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

K P Hastingwood Limited is a private company limited by shares incorporated in England within the United Kingdom. The address of the registered office is Causeway House, 1 Dane Street, Bishop's Stortford, Hertfordshire, CM23 3BT.
K P Hastingwood Limited is a subsidiary company of a small group.

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.

 
2.2

Going concern

The accounts have been prepared on the going concern basis on the assumption of continued support from the Company's director and connected companies.

 
2.3

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.4

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.

 
2.5

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.

 
2.6

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.

Page 3

 
K P HASTINGWOOD LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.7

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.

 
2.8

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.

 
2.9

Borrowing costs

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

 
2.10

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).

Page 4

 
K P HASTINGWOOD LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 April 2022
100



At 31 March 2023
100





Subsidiary undertaking


The following was a subsidiary undertaking of the Company:

Name

Principal activity

Class of shares

Holding

Columnstyle Limited
Holding company
Ordinary
100%

The aggregate of the share capital and reserves as at 31 March 2023 and the profit or loss for the year ended on that date for the subsidiary undertaking were as follows:

Name
Aggregate of share capital and reserves
Profit/(Loss)

Columnstyle Limited
408,721
(1,799)


5.


Debtors

2023
2022
£
£


Amount owed by group undertakings
2,066
2,066

2,066
2,066



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to group undertakings
428,984
428,984

Other creditors
39,425
39,425

Accruals and deferred income
12,769
12,400

481,178
480,809


Page 5

 
K P HASTINGWOOD LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Loan notes
30,396
27,697

30,396
27,697



8.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£




Amounts falling due after more than 5 years

Loan notes
30,396
27,697

30,396
27,697

30,396
27,697


The loan notes are repayable on 5 March 2029 and carry an effective inherent interest rate of 10.47% which includes a redemption at a premium of 20% over par. All of the notes are currently registered to the trustees of the K Pitt 1999 Settlements.


9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



86 (2022 - 86) Ordinary shares of £1.00 each
86
86



10.


Related party transactions

The amount due to entities under the control of the director at the year end was £39,425 (2022: £39,425).
The Company has taken advantage of the exemption from the requirement to disclose transactions with
wholly owned group companies.


Page 6