Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31Property investment & developmenttruetruetruetruetrue2022-04-01false22truetrue 06178649 2022-04-01 2023-03-31 06178649 2021-04-01 2022-03-31 06178649 2023-03-31 06178649 2022-03-31 06178649 c:Director2 2022-04-01 2023-03-31 06178649 d:Buildings 2022-04-01 2023-03-31 06178649 d:Buildings 2023-03-31 06178649 d:Buildings 2022-03-31 06178649 d:OtherPropertyPlantEquipment 2022-04-01 2023-03-31 06178649 d:OtherPropertyPlantEquipment 2023-03-31 06178649 d:OtherPropertyPlantEquipment 2022-03-31 06178649 d:CurrentFinancialInstruments 2023-03-31 06178649 d:CurrentFinancialInstruments 2022-03-31 06178649 d:Non-currentFinancialInstruments 2023-03-31 06178649 d:Non-currentFinancialInstruments 2022-03-31 06178649 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 06178649 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 06178649 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 06178649 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 06178649 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 06178649 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-03-31 06178649 d:ShareCapital 2023-03-31 06178649 d:ShareCapital 2022-03-31 06178649 d:RetainedEarningsAccumulatedLosses 2023-03-31 06178649 d:RetainedEarningsAccumulatedLosses 2022-03-31 06178649 c:FRS102 2022-04-01 2023-03-31 06178649 c:Audited 2022-04-01 2023-03-31 06178649 c:FullAccounts 2022-04-01 2023-03-31 06178649 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 06178649 c:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 06178649 2 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 06178649









COOMBE KP LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
COOMBE KP LIMITED
REGISTERED NUMBER: 06178649

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
-
850,000

  
-
850,000

Current assets
  

Stocks
  
3,166,401
3,166,401

Debtors: amounts falling due within one year
 6 
62,496
17,843

Cash at bank and in hand
 7 
174,655
156,151

  
3,403,552
3,340,395

Creditors: amounts falling due within one year
 8 
(3,524,258)
(2,169,703)

Net current (liabilities)/assets
  
 
 
(120,706)
 
 
1,170,692

Total assets less current liabilities
  
(120,706)
2,020,692

Creditors: amounts falling due after more than one year
 9 
109,999
(2,093,626)

  

Net liabilities
  
(10,707)
(72,934)


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
(11,707)
(73,934)

  
(10,707)
(72,934)


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 statement of comprehensive income 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 28 March 2024.




B Patel
Director
Page 1

 
COOMBE KP LIMITED
REGISTERED NUMBER: 06178649
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023


The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
COOMBE KP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Coombe KP Limited is a private company, limited by shares, domiciled in England and Wales, registration number 06178649. The registered office is Haslers, Old Station Road, Loughton, Essex, IG10 4PL. The principal activity of the company continued to be that of property investment and development. 

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 pound sterling.

The following principal accounting policies have been applied:

 
2.2

Financial Reporting Standard 102 - reduced disclosure exemptions

The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":
the requirements of Section 7 Statement of Cash Flows;
the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d);
the requirements of Section 11 Financial Instruments paragraphs 11.42, 11.44 to 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);
the requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.27, 12.29(a), 12.29(b) and 12.29A;
the requirements of Section 33 Related Party Disclosures paragraph 33.7.

This information is included in the consolidated financial statements of Pharmadent Holdings Limited as at As at 31 March 2023 and these financial statements may be obtained from Companies House.

 
2.3

Revenue

Revenue recognised by the company relates to rental income which is recognised in the period to which it relates.

  
2.4

Going concern

The financial statements have been prepared on a going concern basis based on the continuing support of the parent company. 

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
COOMBE KP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.6

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.

 
2.7

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.

 
2.8

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.

Depreciation is provided on the following basis:

Freehold property
-
No depreciation
Other fixed assets
-
10%
Straight-line

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.

 
2.9

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 weighted average 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.

Page 4

 
COOMBE KP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.10

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.

 
2.11

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.

 
2.12

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.

 
2.13

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.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

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.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument 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
Page 5

 
COOMBE KP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)


2.13
Financial instruments (continued)

immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Employees

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


4.


Tangible fixed assets





Freehold property
Other fixed assets
Total

£
£
£





At 1 April 2022
850,000
64,091
914,091


Disposals
(850,000)
(64,091)
(914,091)



At 31 March 2023

-
-
-





At 1 April 2022
-
64,091
64,091


Disposals
-
(64,091)
(64,091)



At 31 March 2023

-
-
-



Net book value



At 31 March 2023
-
-
-



At 31 March 2022
850,000
-
850,000

Page 6

 
COOMBE KP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Stocks

2023
2022
£
£

Work in progress (goods to be sold)
3,166,401
3,166,401

3,166,401
3,166,401



6.


Debtors

2023
2022
£
£


Trade debtors
2,653
-

Other debtors
59,843
17,843

62,496
17,843



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
174,656
156,151

174,656
156,151



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
2,216,645
184,203

Trade creditors
-
7,628

Amounts owed to group undertakings
1,247,029
1,912,622

Corporation tax
29,134
42,116

Other creditors
27,659
19,343

Accruals and deferred income
3,791
3,791

3,524,258
2,169,703


The bank loans are secured by a fixed and floating charge over the assets of the company and by a personal guarantee up to £650,000 by B Patel, a director of the company.

Page 7

 
COOMBE KP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
(109,999)
2,093,626

(109,999)
2,093,626



10.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
2,216,645
184,203


2,216,645
184,203

Amounts falling due 1-2 years

Bank loans
(110,000)
2,093,626


(110,000)
2,093,626



2,106,645
2,277,829



11.


Controlling party

The ultimate parent company is Pharmadent Holdings Ltd, a company registered in England and Wales. 
The ultimate controlling party is B Patel, by virtue of his majority shareholding in the ultimate parent company. 


12.


Auditors' information

The auditors' report on the financial statements for the year ended 31 March 2023 was unqualified.

The audit report was signed on 28 March 2024 by Charalambos Patsalides (Senior Statutory Auditor) on behalf of Haslers.

 
Page 8