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Registered number: 14385451










KENTON GROUP EMPLOYEE OWNERSHIP TRUSTEE LIMITED
(A Company Limited by Guarantee)








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MAY 2023

 
KENTON GROUP EMPLOYEE OWNERSHIP TRUSTEE LIMITED
 
(A Company Limited by Guarantee)
REGISTERED NUMBER: 14385451

BALANCE SHEET
AS AT 31 MAY 2023

2023
2023
£
£

Fixed assets

Investments
2,295,000


Creditors: amounts falling due within one year
(1,444,248)

Net current (liabilities)/assets
 
 
(1,444,248)

Total assets less current liabilities
850,752

Creditors: amounts falling due after more than one year
(850,752)


Net assets
-


Capital and reserves

-


For the period ended 31 May 2023 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

Members have not required the Company to obtain an audit for the period 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: 




................................................
T Coker
Director


Date: 22 February 2024

The notes on pages 2 to 3 form part of these financial statements.

Page 1

 
KENTON GROUP EMPLOYEE OWNERSHIP TRUSTEE LIMITED

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2023

1.


General information

Kenton Group Employee Ownership Trustee Limited is a company limited by guarantee, registered in England and Wales, registered number 14385451. The registered office is Blue Space Sus Con, Brunel Way, Dartford, Kent, DA1 5FW.
The Company was incorporated on 29 September 2022.

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

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Profit and Loss Account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.3

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.

 
2.4

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.

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.

Page 2

 
KENTON GROUP EMPLOYEE OWNERSHIP TRUSTEE LIMITED

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2023

3.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


Additions
2,295,000



At 31 May 2023
2,295,000





4.


Creditors: Amounts falling due within one year

2023
£

Amounts owed to group undertakings
844,248

Other creditors
600,000

1,444,248



5.


Creditors: Amounts falling due after more than one year

2023
£

Other creditors
850,752




6.


Company status

The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.


7.


Related party transactions

At 31 May 2023 there was a loan of £844,248 (2022 - £nil) owed by Kenton Group Employee Ownership Trustee Limited to Kenton Research Limited. This amount is outstanding at the balance sheet date and has no fixed repayment date.

Page 3