Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31false322022-04-01No description of principal activity32truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05578213 2022-04-01 2023-03-31 05578213 2021-04-01 2022-03-31 05578213 2023-03-31 05578213 2022-03-31 05578213 2021-04-01 05578213 c:CompanySecretary1 2022-04-01 2023-03-31 05578213 c:Director4 2022-04-01 2023-03-31 05578213 c:Director5 2022-04-01 2023-03-31 05578213 c:RegisteredOffice 2022-04-01 2023-03-31 05578213 d:FurnitureFittings 2022-04-01 2023-03-31 05578213 d:FurnitureFittings 2023-03-31 05578213 d:FurnitureFittings 2022-03-31 05578213 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 05578213 d:OfficeEquipment 2022-04-01 2023-03-31 05578213 d:OfficeEquipment 2023-03-31 05578213 d:OfficeEquipment 2022-03-31 05578213 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 05578213 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 05578213 d:Goodwill 2022-04-01 2023-03-31 05578213 d:Goodwill 2023-03-31 05578213 d:Goodwill 2022-03-31 05578213 d:ComputerSoftware 2023-03-31 05578213 d:ComputerSoftware 2022-03-31 05578213 d:OtherResidualIntangibleAssets 2022-04-01 2023-03-31 05578213 d:CurrentFinancialInstruments 2023-03-31 05578213 d:CurrentFinancialInstruments 2022-03-31 05578213 d:Non-currentFinancialInstruments 2023-03-31 05578213 d:Non-currentFinancialInstruments 2022-03-31 05578213 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 05578213 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 05578213 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 05578213 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 05578213 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 05578213 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-03-31 05578213 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 05578213 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-03-31 05578213 d:ShareCapital 2023-03-31 05578213 d:ShareCapital 2022-03-31 05578213 d:RetainedEarningsAccumulatedLosses 2023-03-31 05578213 d:RetainedEarningsAccumulatedLosses 2022-03-31 05578213 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2023-03-31 05578213 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2022-03-31 05578213 c:OrdinaryShareClass2 2022-04-01 2023-03-31 05578213 c:OrdinaryShareClass2 2023-03-31 05578213 c:OrdinaryShareClass2 2022-03-31 05578213 c:OrdinaryShareClass3 2022-04-01 2023-03-31 05578213 c:OrdinaryShareClass3 2023-03-31 05578213 c:OrdinaryShareClass3 2022-03-31 05578213 c:OrdinaryShareClass4 2022-04-01 2023-03-31 05578213 c:OrdinaryShareClass4 2023-03-31 05578213 c:OrdinaryShareClass4 2022-03-31 05578213 c:OrdinaryShareClass5 2022-04-01 2023-03-31 05578213 c:OrdinaryShareClass5 2023-03-31 05578213 c:OrdinaryShareClass5 2022-03-31 05578213 c:FRS102 2022-04-01 2023-03-31 05578213 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 05578213 c:FullAccounts 2022-04-01 2023-03-31 05578213 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 05578213 d:WithinOneYear 2023-03-31 05578213 d:WithinOneYear 2022-03-31 05578213 d:BetweenOneFiveYears 2023-03-31 05578213 d:BetweenOneFiveYears 2022-03-31 05578213 2 2022-04-01 2023-03-31 05578213 7 2022-04-01 2023-03-31 05578213 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 05578213 d:AcceleratedTaxDepreciationDeferredTax 2022-03-31 05578213 d:OtherDeferredTax 2023-03-31 05578213 d:OtherDeferredTax 2022-03-31 05578213 d:Goodwill d:OwnedIntangibleAssets 2022-04-01 2023-03-31 05578213 d:ComputerSoftware d:OwnedIntangibleAssets 2022-04-01 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 05578213









KEMPTON CARR (MAIDENHEAD) LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
KEMPTON CARR (MAIDENHEAD) LIMITED
 
 
COMPANY INFORMATION


Directors
E J Holmes 
R Kerrigan 




Company secretary
E J Holmes



Registered number
05578213



Registered office
Chatsworth House
29 Broadway

Maidenhead

Berkshire

SL6 1LY




Accountants
Donald Reid Limited
Chartered Accountants

Prince Albert House

20 King Street

Maidenhead

Berkshire

SL6 1DT





 
KEMPTON CARR (MAIDENHEAD) LIMITED
 

CONTENTS



Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 14


 
KEMPTON CARR (MAIDENHEAD) LIMITED
REGISTERED NUMBER: 05578213

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
125,000
162,500

Tangible assets
 5 
21,310
18,367

  
146,310
180,867

Current assets
  

Stocks
 6 
6,208
11,744

Debtors: amounts falling due within one year
 7 
428,547
467,709

Cash at bank and in hand
 8 
1,236,937
1,152,257

  
1,671,692
1,631,710

Creditors: amounts falling due within one year
 9 
(880,474)
(835,786)

Net current assets
  
 
 
791,218
 
 
795,924

Total assets less current liabilities
  
937,528
976,791

Creditors: amounts falling due after more than one year
 10 
(106,667)
(146,667)

Provisions for liabilities
  

Deferred tax
 12 
(3,834)
(2,931)

Other provisions
 13 
(100,000)
(100,000)

  
 
 
(103,834)
 
 
(102,931)

Net assets
  
727,027
727,193


Capital and reserves
  

Called up share capital 
 14 
100
100

Profit and loss account
  
726,927
727,093

  
727,027
727,193


Page 1

 
KEMPTON CARR (MAIDENHEAD) LIMITED
REGISTERED NUMBER: 05578213
    
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 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 on 10 November 2023.




E J Holmes
Director

The notes on pages 3 to 14 form part of these financial statements.

Page 2

 
KEMPTON CARR (MAIDENHEAD) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Kempton Carr (Maidenhead) Limited is a private company limited by shares, registered in England and Wales and incorporated in the U.K. The registration number is 05578213. The company's registered office is Chatsworth House, 29 Broadway, Maidenhead, Berkshire, SL6 1LY. 

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

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
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.

Page 3

 
KEMPTON CARR (MAIDENHEAD) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.7

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 Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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 income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Page 4

 
KEMPTON CARR (MAIDENHEAD) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.9

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of income and retained earnings over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 Amortisation is provided on the following bases:

Other intangible fixed assets
-
33%
straight line

 
2.10

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.

The estimated useful lives range as follows:

Fixtures & fittings
-
straight line over 3 to 5 years
Office equipment
-
straight line over 3 to 5 years

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.

 
2.11

Work in Progress

Work in progress represents those long term professional contracts which have only been partially completed at the balance sheet date (see note 6). Therefore, turnover represents the value of the service provided to date based on a proportion of total expected consideration at completion. 
Work in progress is valued at the lower of cost and net realisable value. 

Page 5

 
KEMPTON CARR (MAIDENHEAD) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.12

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.

 
2.13

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.

 
2.14

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.

 
2.15

Holiday pay accrual

A liability is recognised to the extent of any unused holiday pay entitlement which is accrued at the balance sheet date and carried forward to future periods. This is measured at the undiscounted salary cost of the future holiday entitlement so accrued at the balance sheet date.

 
2.16

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance sheet.

Page 6

 
KEMPTON CARR (MAIDENHEAD) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.17

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.

 
2.18

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 32 (2022 - 32).

Page 7

 
KEMPTON CARR (MAIDENHEAD) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Intangible assets




Other Intangibles
Goodwill
Total

£
£
£



Cost


At 1 April 2022
132,280
943,686
1,075,966



At 31 March 2023

132,280
943,686
1,075,966



Amortisation


At 1 April 2022
132,280
781,186
913,466


Charge for the year on owned assets
-
37,500
37,500



At 31 March 2023

132,280
818,686
950,966



Net book value



At 31 March 2023
-
125,000
125,000



At 31 March 2022
-
162,500
162,500



Page 8

 
KEMPTON CARR (MAIDENHEAD) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Tangible fixed assets





Fixtures & fittings
Office equipment
Total

£
£
£



Cost or valuation


At 1 April 2022
139,902
137,955
277,857


Additions
-
14,311
14,311



At 31 March 2023

139,902
152,266
292,168



Depreciation


At 1 April 2022
139,902
119,588
259,490


Charge for the year on owned assets
-
11,368
11,368



At 31 March 2023

139,902
130,956
270,858



Net book value



At 31 March 2023
-
21,310
21,310



At 31 March 2022
-
18,367
18,367

Page 9

 
KEMPTON CARR (MAIDENHEAD) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

6.


Work in progress

2023
2022
£
£

Work in progress
6,208
11,744

6,208
11,744





7.


Debtors

2023
2022
£
£


Trade debtors
247,253
282,376

Other debtors
731
580

Prepayments and accrued income
180,563
184,753

428,547
467,709



8.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
1,236,937
1,152,257

1,236,937
1,152,257


Page 10

 
KEMPTON CARR (MAIDENHEAD) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

9.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
40,000
40,000

Other loans
49,867
56,494

Trade creditors
89,431
97,851

Corporation tax
108,796
105,600

Other taxation and social security
191,171
181,102

Other creditors
28,046
25,682

Accruals and deferred income
373,163
329,057

880,474
835,786





10.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
106,667
146,667

106,667
146,667


Page 11

 
KEMPTON CARR (MAIDENHEAD) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

11.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
40,000
40,000

Other loans
49,867
56,494


89,867
96,494

Amounts falling due 1-2 years

Bank loans
40,000
40,000


40,000
40,000

Amounts falling due 2-5 years

Bank loans
66,667
106,667


66,667
106,667


196,534
243,161


Liabilities of £146,667 (2022: £186,667) are secured by a fixed and floating charge.


12.


Deferred taxation




2023
2022


£

£






At beginning of year
(2,931)
(505)


Charged to profit or loss
(903)
(2,426)



At end of year
(3,834)
(2,931)

Page 12

 
KEMPTON CARR (MAIDENHEAD) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
 
12.Deferred taxation (continued)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
4,448
3,519

Other items
(614)
(588)

3,834
2,931


13.


Provisions




Provisions

£





At 1 April 2022
100,000



At 31 March 2023
100,000

The provision relates to dilapidations required at the end of the company's tenancy lease. 
 


14.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



9,900 (2022 - 9,900) Ordinary A shares of £0.01 each
99
99
50 (2022 - 50) Ordinary B shares of £0.01 each
1
1
5 (2022 - 5) Ordinary C shares of £0.01 each
-
-
25 (2022 - 25) Ordinary D shares of £0.01 each
-
-
5 (2022 - 5) Ordinary E shares of £0.01 each
-
-
20 Ordinary F shares of £0.01 each
-
-
5 (2022 - 5) Ordinary G shares of £0.01 each
-
-

100

100



15.


Contingent liabilities

The company has provided a guarantee in respect of borrowings of its parent entity.  The  directors do not consider it likely that any liability would arise as a result of this guarantee, however were it to do so the maximum liability arising at the year end date would be £537,129 (2022: £862,983).

Page 13

 
KEMPTON CARR (MAIDENHEAD) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

16.


Pension commitments

The company contributes to personal pension plans. The pension charge represents contributions payable by the company to the plans and amounted to £28,712 (2022: £28,240). Contributions totalling £6,063 (2022: £5,830) were payable at the balance sheet date and are included in other creditors.


17.


Commitments under operating leases

At 31 March 2023 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022
£
£


Not later than 1 year
112,109
98,770

Later than 1 year and not later than 5 years
257,167
23,888

369,276
122,658

 
Page 14