Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31false2022-04-01Holding company33truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12716792 2022-04-01 2023-03-31 12716792 2021-04-01 2022-03-31 12716792 2023-03-31 12716792 2022-03-31 12716792 c:Director3 2022-04-01 2023-03-31 12716792 d:CurrentFinancialInstruments 2023-03-31 12716792 d:CurrentFinancialInstruments 2022-03-31 12716792 d:Non-currentFinancialInstruments 2023-03-31 12716792 d:Non-currentFinancialInstruments 2022-03-31 12716792 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 12716792 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 12716792 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 12716792 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 12716792 d:ShareCapital 2023-03-31 12716792 d:ShareCapital 2022-03-31 12716792 d:SharePremium 2023-03-31 12716792 d:SharePremium 2022-03-31 12716792 d:CapitalRedemptionReserve 2023-03-31 12716792 d:CapitalRedemptionReserve 2022-03-31 12716792 d:RetainedEarningsAccumulatedLosses 2023-03-31 12716792 d:RetainedEarningsAccumulatedLosses 2022-03-31 12716792 c:FRS102 2022-04-01 2023-03-31 12716792 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 12716792 c:FullAccounts 2022-04-01 2023-03-31 12716792 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 12716792 2 2022-04-01 2023-03-31 12716792 4 2022-04-01 2023-03-31 12716792 6 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 12716792









KD WRIGHT FINANCIAL SERVICES HOLDINGS LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
KD WRIGHT FINANCIAL SERVICES HOLDINGS LTD
REGISTERED NUMBER: 12716792

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 5 
1,930,516
1,940,516

  
1,930,516
1,940,516

Current assets
  

Debtors: amounts falling due within one year
 6 
2,369
75,250

  
2,369
75,250

Creditors: amounts falling due within one year
 7 
(1,498,029)
(1,402,621)

Net current liabilities
  
 
 
(1,495,660)
 
 
(1,327,371)

Total assets less current liabilities
  
434,856
613,145

Creditors: amounts falling due after more than one year
 8 
(331,811)
(582,275)

  

Net assets
  
103,045
30,870


Capital and reserves
  

Called up share capital 
  
43,702
43,716

Share premium account
  
50,250
50,250

Capital redemption reserve
  
14
-

Profit and loss account
  
9,079
(63,096)

  
103,045
30,870


Page 1

 
KD WRIGHT FINANCIAL SERVICES HOLDINGS LTD
REGISTERED NUMBER: 12716792
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 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 profit and loss account 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: 




H Gilks
Director

Date: 15 November 2023

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
KD WRIGHT FINANCIAL SERVICES HOLDINGS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

KD Wright Financial Services Holdings Ltd is a company limited by shares and incorporated in England & Wales under the Companies Act 2006. The address of the registered office is given on the Company information page. The nature of the Company's operations and its principal activities are set out in the Directors’ report. 

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

Interest income

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

 
2.3

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.

 
2.4

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.

 
2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
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

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

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 Balance Sheet when the Company becomes party to the contractual provisions of the instrument.
Page 3

 
KD WRIGHT FINANCIAL SERVICES HOLDINGS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)


2.8
Financial instruments (continued)


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.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgments, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and e xpenses during the year. The nature of estimation means the actual outcomes could differ from those estimates.


4.


Employees

The average monthly number of employees, including directors, during the year was 3 (2022 - 3).


5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 April 2022
1,940,516


Disposals
(10,000)



At 31 March 2023
1,930,516





6.


Debtors

Page 4

 
KD WRIGHT FINANCIAL SERVICES HOLDINGS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
2023
2022
£
£


Other debtors
1,771
75,250

Tax recoverable
598
-

2,369
75,250


Included within other debtors due within one year is a loan to D Maisey, a director, amounting to £1,771 (2022 - £75,250). The loan is repayable on demand and 2% interest is charged




7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to group undertakings
1,246,967
1,145,837

Corporation tax
598
-

Other creditors
250,464
250,464

Accruals and deferred income
-
6,320

1,498,029
1,402,621



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Other creditors
331,811
582,275

331,811
582,275



9.


Related party transactions

At the year end the company owed £1,246,966 (2022: £1,145,837) to its subsdiary, KD Wright Financial Services Limited. This is due on demand and interest free. 

 
Page 5