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Registration number: 08056828

KT & DB Holdings Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2023

 

KT & DB Holdings Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

KT & DB Holdings Limited

(Registration number: 08056828)
Balance Sheet as at 30 September 2023

Note

2023
£

2022
£

Fixed assets

 

Investments

4

135,646

135,646

Current assets

 

Debtors

5

256,869

310,795

Cash at bank and in hand

 

89,705

-

 

346,574

310,795

Creditors: Amounts falling due within one year

6

(112,552)

(61,585)

Net current assets

 

234,022

249,210

Net assets

 

369,668

384,856

Capital and reserves

 

Called up share capital

100

100

Retained earnings

369,568

384,756

Shareholders' funds

 

369,668

384,856

For the financial year ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 13 February 2024 and signed on its behalf by:
 

.........................................
K R Tarbox
Director

 

KT & DB Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2 Old Bath Road
Newbury
Berkshire
RG14 1QL
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Group accounts not prepared

The company is part of a small group. The company has taken advantage of the exemption provided by Section 398 of the Companies Act 2006 and has not prepared group accounts.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

 

KT & DB Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

4

Investments

2023
£

2022
£

Investments in subsidiaries

135,646

135,646

Subsidiaries

£

Cost or valuation

At 1 October 2022

135,646

Provision

Carrying amount

At 30 September 2023

135,646

At 30 September 2022

135,646

 

KT & DB Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

     

2023

2022

Subsidiary undertakings

Southern Maintenance Solutions (UK) Limited

2 Old Bath Road
Newbury
Berkshire

Ordinary A

100%

100%

Southern Maintenance Solutions (UK) Limited

2 Old Bath Road
Newbury
Berkshire

Ordinary B

100%

100%

Flare Heating & Mechanical Services Limited

2 Old Bath Road
Newbury
Berkshire

Ordinary

60%

60%

Subsidiary undertakings

Southern Maintenance Solutions (UK) Limited

The principal activity of Southern Maintenance Solutions (UK) Limited is the maintenance and installation of heating, ventilation and air conditioning equipment.

Flare Heating & Mechanical Services Limited

The principal activity of Flare Heating & Mechanical Services Limited is the installation of industrial machinery and equipment.

5

Debtors

Current

Note

2023
£

2022
£

Amounts owed by group undertakings

7

256,869

310,795

 

KT & DB Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Amounts owed to group undertakings

6

6

Other creditors

112,546

61,579

112,552

61,585

7

Related party transactions

Other transactions with directors

At the balance sheet date, £112,546 (2022: £61,579) was owed by the company to the directors.

Summary of transactions with subsidiaries

Income and receivables from related parties

2023

Subsidiary
£

Amounts receivable from related party

256,869

2022

Subsidiary
£

Amounts receivable from related party

310,795

Expenditure with and payables to related parties

2023

Subsidiary
£

Amounts payable to related party

6

2022

Subsidiary
£

Amounts payable to related party

6