1 false false false false false false false false false false true false false false false false false No description of principal activity 2022-08-01 Sage Accounts Production Advanced 2023 - FRS102_2023 2,699 8 2,707 2,707 2,699 xbrli:pure xbrli:shares iso4217:GBP 13719402 2022-08-01 2023-07-31 13719402 2023-07-31 13719402 2022-07-31 13719402 2021-11-02 2022-07-31 13719402 2022-07-31 13719402 2021-11-01 13719402 bus:Director1 2022-08-01 2023-07-31 13719402 core:LandBuildings core:LongLeaseholdAssets 2022-07-31 13719402 core:LandBuildings core:OwnedOrFreeholdAssets 2023-07-31 13719402 core:LandBuildings core:LongLeaseholdAssets 2023-07-31 13719402 core:AfterOneYear 2022-07-31 13719402 core:WithinOneYear 2023-07-31 13719402 core:ShareCapital 2023-07-31 13719402 core:ShareCapital 2022-07-31 13719402 core:RetainedEarningsAccumulatedLosses 2023-07-31 13719402 core:RetainedEarningsAccumulatedLosses 2022-07-31 13719402 core:LandBuildings core:LongLeaseholdAssets 2022-08-01 2023-07-31 13719402 core:CostValuation core:Non-currentFinancialInstruments 2022-07-31 13719402 core:Non-currentFinancialInstruments core:RevaluationsIncreaseDecreaseInInvestments 2023-07-31 13719402 core:CostValuation core:Non-currentFinancialInstruments 2023-07-31 13719402 core:Non-currentFinancialInstruments 2023-07-31 13719402 core:Non-currentFinancialInstruments 2022-07-31 13719402 core:LandBuildings core:OwnedOrFreeholdAssets 2022-07-31 13719402 core:LandBuildings core:LongLeaseholdAssets 2022-07-31 13719402 bus:SmallEntities 2022-08-01 2023-07-31 13719402 bus:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 13719402 bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 13719402 bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 13719402 bus:FullAccounts 2022-08-01 2023-07-31
COMPANY REGISTRATION NUMBER: 13719402
Kettlewell Group Holdings Limited
Filleted Unaudited Financial Statements
For the year ended
31 July 2023
Kettlewell Group Holdings Limited
Statement of Financial Position
31 July 2023
2023
2022
Note
£
£
£
£
Fixed assets
Tangible assets
5
344,625
348,208
Investments
6
2,707
2,699
----------
----------
347,332
350,907
Current assets
Debtors
7
544,434
106,060
Cash at bank and in hand
517,012
419,991
-------------
----------
1,061,446
526,051
Creditors: amounts falling due within one year
8
3,101
-------------
----------
Net current assets
1,058,345
526,051
-------------
----------
Total assets less current liabilities
1,405,677
876,958
Creditors: amounts falling due after more than one year
9
529,929
-------------
----------
Net assets
1,405,677
347,029
-------------
----------
Capital and reserves
Called up share capital
1,850
1,850
Profit and loss account
1,403,827
345,179
-------------
----------
Shareholders funds
1,405,677
347,029
-------------
----------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Kettlewell Group Holdings Limited
Statement of Financial Position (continued)
31 July 2023
These financial statements were approved by the board of directors and authorised for issue on 14 March 2024 , and are signed on behalf of the board by:
T S Kettlewell
Director
Company registration number: 13719402
Kettlewell Group Holdings Limited
Notes to the Financial Statements
Year ended 31 July 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 121 Boothferry Road, Goole, East Yorkshire, DN14 6AZ.
2. Statement of compliance
Kettlewell Group Holdings Limited is a limited company incorporated in England. The Registered Office is 121 Boothferry Road, Goole, East Yorkshire, DN14 6AZ. These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
(a) Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.
(b) Going concern
In March 2020 the UK was impacted by the outbreak of Covid-19. The Government imposed significant restrictions at that time in an effort to manage the spread of the virus which resulted in the company having to review and change its working practices to ensure compliance with these restrictions. More latterly, the UK economy has been impacted by rising inflation, interest rates and energy costs, exacerbated by the war in Ukraine. All these matters have impacted the company's trading results to a greater or lesser extent. At the date of signing these financial statements, the directors have considered the effect of these matters on the company with the information available to it and do not believe that it will affect the ability of the company to continue to trade for the foreseeable future. On this basis, the directors have prepared these financial statements on a going concern basis.
(c) Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
(d) Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
(e) Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
(f) Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Leasehold property
-
over 28 years
(g) Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
(h) Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
(i) Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities .
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2022: 1 ).
5. Tangible assets
Freehold property
Leasehold property
Total
£
£
£
Cost
At 1 August 2022 and 31 July 2023
251,472
100,319
351,791
----------
----------
----------
Depreciation
At 1 August 2022
3,583
3,583
Charge for the year
3,583
3,583
----------
----------
----------
At 31 July 2023
7,166
7,166
----------
----------
----------
Carrying amount
At 31 July 2023
251,472
93,153
344,625
----------
----------
----------
At 31 July 2022
251,472
96,736
348,208
----------
----------
----------
6. Investments
Shares in group undertakings
£
Cost
At 1 August 2022
2,699
Revaluations
8
-------
At 31 July 2023
2,707
-------
Impairment
At 1 August 2022 and 31 July 2023
-------
Carrying amount
At 31 July 2023
2,707
-------
At 31 July 2022
2,699
-------
7. Debtors
2023
2022
£
£
Amounts owed by group undertakings
544,434
106,060
----------
----------
8. Creditors: amounts falling due within one year
2023
2022
£
£
Other creditors
3,101
-------
----
9. Creditors: amounts falling due after more than one year
2023
2022
£
£
Amounts owed to group undertakings
529,929
----
----------
10. Related party transactions
The company has taken advantage of the exemptions provided in FRS 102 from reporting transactions between wholly owned members of the group.