Caseware UK (AP4) 2022.0.179 2022.0.179 2023-09-302023-09-30The principal activity of the company continued to be that of public relations and interior design consultancy.502022-10-01false45truetrue 08468000 2022-10-01 2023-09-30 08468000 2021-10-01 2022-09-30 08468000 2023-09-30 08468000 2022-09-30 08468000 2021-10-01 08468000 c:Director1 2022-10-01 2023-09-30 08468000 d:Buildings d:ShortLeaseholdAssets 2022-10-01 2023-09-30 08468000 d:Buildings d:ShortLeaseholdAssets 2023-09-30 08468000 d:Buildings d:ShortLeaseholdAssets 2022-09-30 08468000 d:PlantMachinery 2022-10-01 2023-09-30 08468000 d:PlantMachinery 2023-09-30 08468000 d:PlantMachinery 2022-09-30 08468000 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 08468000 d:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 08468000 d:Goodwill 2022-10-01 2023-09-30 08468000 d:Goodwill 2023-09-30 08468000 d:Goodwill 2022-09-30 08468000 d:CurrentFinancialInstruments 2023-09-30 08468000 d:CurrentFinancialInstruments 2022-09-30 08468000 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 08468000 d:CurrentFinancialInstruments d:WithinOneYear 2022-09-30 08468000 d:ShareCapital 2023-09-30 08468000 d:ShareCapital 2022-09-30 08468000 d:ShareCapital 2021-10-01 08468000 d:RetainedEarningsAccumulatedLosses 2022-10-01 2023-09-30 08468000 d:RetainedEarningsAccumulatedLosses 2023-09-30 08468000 d:RetainedEarningsAccumulatedLosses 2021-10-01 2022-09-30 08468000 d:RetainedEarningsAccumulatedLosses 2022-09-30 08468000 d:RetainedEarningsAccumulatedLosses 2021-10-01 08468000 c:FRS102 2022-10-01 2023-09-30 08468000 c:Audited 2022-10-01 2023-09-30 08468000 c:FullAccounts 2022-10-01 2023-09-30 08468000 c:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 08468000 d:WithinOneYear 2023-09-30 08468000 d:WithinOneYear 2022-09-30 08468000 d:BetweenOneFiveYears 2023-09-30 08468000 d:BetweenOneFiveYears 2022-09-30 08468000 c:SmallCompaniesRegimeForAccounts 2022-10-01 2023-09-30 08468000 d:Goodwill d:OwnedIntangibleAssets 2022-10-01 2023-09-30 08468000 e:PoundSterling 2022-10-01 2023-09-30 iso4217:GBP xbrli:pure

Registered number: 08468000










KELLY HOPPEN INTERIORS LIMITED










FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

 
KELLY HOPPEN INTERIORS LIMITED
REGISTERED NUMBER: 08468000

BALANCE SHEET
AS AT 30 SEPTEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
-
236,194

Tangible assets
 5 
88,895
116,062

  
88,895
352,256

Current assets
  

Stocks
  
13,148
347

Debtors: amounts falling due within one year
 6 
2,299,718
2,972,919

Cash at bank and in hand
  
1,846,398
996,727

  
4,159,264
3,969,993

Creditors: amounts falling due within one year
 7 
(2,319,089)
(2,732,446)

Net current assets
  
 
 
1,840,175
 
 
1,237,547

Total assets less current liabilities
  
1,929,070
1,589,803

  

Net assets
  
1,929,070
1,589,803


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
1,929,069
1,589,802

  
1,929,070
1,589,803


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 on 21 February 2024.




K Hoppen CBE
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 1

 
KELLY HOPPEN INTERIORS LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 SEPTEMBER 2023


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 October 2021
1
867,576
867,577


Comprehensive income for the year

Profit for the year
-
722,226
722,226



At 1 October 2022
1
1,589,802
1,589,803


Comprehensive income for the year

Profit for the year
-
777,267
777,267


Contributions by and distributions to owners

Dividends: Equity capital
-
(438,000)
(438,000)


At 30 September 2023
1
1,929,069
1,929,070


The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
KELLY HOPPEN INTERIORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1.


General information

The company is a private company limited by shares and is incorporated in England and Wales. The address of the registered office is Unit 5, 3 Vencourt Place, London, W6 9NU.

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.

Revenue is recognised when the respective obligations in the long-term contract are delivered to the customer and payment remains probable. Revenue for the provision of interior design projects is recognised when the Company provides the related service during the agreed service period. Where refunds are issued to customers they are deducted from revenue in the relevant service period.
 
Page 3

 
KELLY HOPPEN INTERIORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)


2.2
Revenue (continued)

When revenue recognised in respect of a customer contract exceeds amounts received or receivable from a customer at that time, an asset is recognised as accrued income. If amounts received or receivable from a customer exceed revenue recognised for a contract, for example if the Company receives an advance payment from a customer, a liability is recognised as deferred income.

 
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.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

The Company has taken advantage of the optional exemption available on transition to FRS 102 which allows lease incentives on leases entered into before the date of transition to the standard to continue to be charged over the period to the first market rent review rather than the term of the lease.

 
2.4

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.

 
2.5

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 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.

Page 4

 
KELLY HOPPEN INTERIORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)

 
2.6

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 acquire 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 Profit and Loss Account over its useful economic life. 

 Amortisation is provided on the following bases:

Goodwill
-
10%

 
2.7

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 and reducing balance basis..

Depreciation is provided on the following basis:

Short-term leasehold property
-
Over 10 years
Plant and machinery
-
25% reducing balance

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.

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.9

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.

Page 5

 
KELLY HOPPEN INTERIORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)

 
2.10

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.

 
2.11

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.

 
2.12

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.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.

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.

 
2.13

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 45 (2022 - 50).

Page 6

 
KELLY HOPPEN INTERIORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

4.


Intangible assets




Goodwill

£



Cost


At 1 October 2022
2,750,000



At 30 September 2023

2,750,000



Amortisation


At 1 October 2022
2,513,806


Charge for the year on owned assets
236,194



At 30 September 2023

2,750,000



Net book value



At 30 September 2023
-



At 30 September 2022
236,194



Page 7

 
KELLY HOPPEN INTERIORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

5.


Tangible fixed assets





Leasehold improve-ments
Plant and machinery
Total

£
£
£



Cost


At 1 October 2022
115,193
230,458
345,651


Additions
-
8,222
8,222



At 30 September 2023

115,193
238,680
353,873



Depreciation


At 1 October 2022
89,545
140,044
229,589


Charge for the year on owned assets
12,269
23,120
35,389



At 30 September 2023

101,814
163,164
264,978



Net book value



At 30 September 2023
13,379
75,516
88,895



At 30 September 2022
25,648
90,414
116,062


6.


Debtors

2023
2022
£
£


Trade debtors
915,845
1,396,097

Other debtors
20,078
12,306

Prepayments and accrued income
1,363,795
1,564,516

2,299,718
2,972,919


Page 8

 
KELLY HOPPEN INTERIORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
151,132
90,833

Corporation tax
297,441
247,658

Other taxation and social security
105,733
197,750

Other creditors
763,973
1,464,070

Accruals and deferred income
1,000,810
732,135

2,319,089
2,732,446


The company utilises a credit card facility which is secured by way of a debenture over the assets of the company. 


8.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £44,728 (2022: £46,822). Contributions totalling £9,535 (2022: £10,540) were payable to the fund at the balance sheet date and are included in creditors.


9.


Commitments under operating leases

At 30 September 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
171,962
171,962

Later than 1 year and not later than 5 years
14,329
186,291

186,291
358,253


10.


Auditors' information

The auditors' report on the financial statements for the year ended 30 September 2023 was unqualified.

The audit report was signed on 21 February 2024 by David Pumfrey FCA (Senior statutory auditor) on behalf of Sumer Auditco Limited.

 
Page 9