Caseware UK (AP4) 2023.0.135 2023.0.135 2023-10-312023-10-312022-11-01falseNo description of principal activity22falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11861203 2022-11-01 2023-10-31 11861203 2021-11-01 2022-10-31 11861203 2023-10-31 11861203 2022-10-31 11861203 c:Director1 2022-11-01 2023-10-31 11861203 c:Director2 2022-11-01 2023-10-31 11861203 d:Buildings 2022-11-01 2023-10-31 11861203 d:Buildings 2023-10-31 11861203 d:Buildings 2022-10-31 11861203 d:FreeholdInvestmentProperty 2022-11-01 2023-10-31 11861203 d:FreeholdInvestmentProperty 2023-10-31 11861203 d:CurrentFinancialInstruments 2023-10-31 11861203 d:CurrentFinancialInstruments 2022-10-31 11861203 d:Non-currentFinancialInstruments 2023-10-31 11861203 d:Non-currentFinancialInstruments 2022-10-31 11861203 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 11861203 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 11861203 d:Non-currentFinancialInstruments d:AfterOneYear 2023-10-31 11861203 d:Non-currentFinancialInstruments d:AfterOneYear 2022-10-31 11861203 d:ShareCapital 2023-10-31 11861203 d:ShareCapital 2022-10-31 11861203 d:RetainedEarningsAccumulatedLosses 2023-10-31 11861203 d:RetainedEarningsAccumulatedLosses 2022-10-31 11861203 c:FRS102 2022-11-01 2023-10-31 11861203 c:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 11861203 c:FullAccounts 2022-11-01 2023-10-31 11861203 c:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 11861203 6 2022-11-01 2023-10-31 iso4217:GBP xbrli:pure

Registered number: 11861203










JOHN KEMP HOLDINGS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2023

 
JOHN KEMP HOLDINGS LIMITED
REGISTERED NUMBER: 11861203

STATEMENT OF FINANCIAL POSITION
AS AT 31 OCTOBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
25,000
-

Investments
 5 
2
2

Investment property
 6 
642,940
-

  
667,942
2

Current assets
  

Debtors: amounts falling due after more than one year
 7 
1,000,000
1,000,000

Debtors: amounts falling due within one year
 7 
688,442
287,431

Cash at bank and in hand
  
380,584
1,068,465

  
2,069,026
2,355,896

Creditors: amounts falling due within one year
 8 
(110,685)
(61,306)

Net current assets
  
 
 
1,958,341
 
 
2,294,590

Total assets less current liabilities
  
2,626,283
2,294,592

Creditors: amounts falling due after more than one year
 9 
(150,000)
(150,000)

  

Net assets
  
2,476,283
2,144,592


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
2,476,281
2,144,590

  
2,476,283
2,144,592


Page 1

 
JOHN KEMP HOLDINGS LIMITED
REGISTERED NUMBER: 11861203
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 OCTOBER 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 income statement 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: 




................................................
J S Kemp
................................................
J A Kemp
Director
Director


Date: 26 February 2024

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

Page 2

 
JOHN KEMP HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1.


General information

John Kemp Holdings Limited is a private company limited by shares and incorporated in England and Wales, registration number 11861203. The registered office is King Street House, 15 Upper King Street, Norwich, Norfolk, NR3 1RB. 

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 financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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

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.

 
2.4

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.

Page 3

 
JOHN KEMP HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is provided on the following basis:


Land is not depreciated. Depreciation on other assets is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

 
2.5

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.7

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.

 
2.8

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.

 
2.9

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.

Page 4

 
JOHN KEMP HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.10

Financial instruments

Financial instruments are recognised in the Company's Statement of financial position 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.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

 
2.11

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

Page 5

 
JOHN KEMP HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

4.


Tangible fixed assets





Freehold land and property

£



Cost or valuation


Additions
25,000



At 31 October 2023

25,000






Net book value



At 31 October 2023
25,000



At 31 October 2022
-


5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 November 2022
2



At 31 October 2023
2




Page 6

 
JOHN KEMP HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

6.


Investment property


Freehold investment property

£



Valuation


Additions at cost
642,940



At 31 October 2023
642,940

The 2023 valuations were made by the Directors, on an open market value for existing use basis.



At 31 October 2023



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2023
2022
£
£


Historic cost
642,940
-

642,940
-

Page 7

 
JOHN KEMP HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

7.


Debtors

2023
2022
£
£

Due after more than one year

Amounts owed by group undertakings
1,000,000
1,000,000

1,000,000
1,000,000


The amounts owed by group undertakings included above are secured by a fixed and floating charge over the assets of the relevant group undertaking. 

2023
2022
£
£

Due within one year

Amounts owed by group undertakings
687,431
287,431

Other debtors
750
-

Prepayments and accrued income
261
-

688,442
287,431



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other taxation and social security
3,000
3,000

Other creditors
105,311
56,561

Accruals and deferred income
2,374
1,745

110,685
61,306



9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Other creditors
150,000
150,000

150,000
150,000


Page 8

 
JOHN KEMP HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

10.


Related party transactions

Included within other creditors is a balance of £254,561 which was owed to the Directors at the year end date. Of this £150,000 is a long term liability, repayable with 365 days' notice and charged an interest rate of 10%. The remaining £104,561 is interest free and repayable on demand. During the year net interest of £12,000 was paid to the directors in relation to the balance outstanding.
The Company has taken advantage of the exemption in Section 33 of Financial Reporting Standard 102 from the requirement to disclose transactions with wholly owned companies within the group.

 
Page 9