Company registration number 10127127 (England and Wales)
KENWORTH LIVERPOOL INVESTMENTS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
PAGES FOR FILING WITH REGISTRAR
KENWORTH LIVERPOOL INVESTMENTS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
KENWORTH LIVERPOOL INVESTMENTS LIMITED
BALANCE SHEET
AS AT
30 APRIL 2024
30 April 2024
- 1 -
2024
2023
Notes
£
£
£
£
Current assets
Debtors
3
1,872,584
1,886,769
Cash at bank and in hand
71
8,109
1,872,655
1,894,878
Creditors: amounts falling due within one year
4
(62,399)
(91,043)
Net current assets
1,810,256
1,803,835
Creditors: amounts falling due after more than one year
5
(2,263,310)
(2,255,310)
Net liabilities
(453,054)
(451,475)
Capital and reserves
Called up share capital
6
100
100
Profit and loss reserves
(453,154)
(451,575)
Total equity
(453,054)
(451,475)

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 24 July 2024 and are signed on its behalf by:
S O'Driscoll
Director
Company registration number 10127127 (England and Wales)
KENWORTH LIVERPOOL INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
- 2 -
1
Accounting policies
Company information

Kenworth Liverpool Investments Limited is a private company limited by shares incorporated in England and Wales. The registered office is 166 College Road, Harrow, Middlesex, HA1 1RA.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

The financial statements have been prepared on a going concern basis even though at the Balance Sheet date the company's net liabilities istrue £453,054 (2023: £451,475).

 

The directors consider the going concern basis to be appropriate because, in their opinion, the company will continue to obtain sufficient funding from other members in the group and from related companies to enable it to pay its debts as they fall due.

 

If the company was unable to continue to obtain sufficient funding to enable it to pay its debts as they fell due, it would be unable to continue trading and adjustments would have to be made to reduce the value of assets to their realisable amount, to provide for any further liabilities which might arise, and to re-classify long term liabilities as current liabilities.

1.3
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ 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.

Basic financial assets

Basic financial assets, which include debtors are measured at transaction price including transaction costs. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including trade creditors, bank loans, loans from fellow group companies are classified as debt, are recognised at transaction price unless the arrangement constitutes a financing transaction. Financial liabilities classified as payable within one year are not amortised.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.

KENWORTH LIVERPOOL INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
1
Accounting policies
(Continued)
- 3 -
1.4
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
1
2
3
Debtors
2024
2023
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
291,508
305,693
Other debtors
1,581,076
1,581,076
1,872,584
1,886,769
4
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
1,440
-
0
Amounts owed to group undertakings
15,600
15,600
Taxation and social security
44,159
74,003
Other creditors
1,200
1,440
62,399
91,043
5
Creditors: amounts falling due after more than one year
2024
2023
£
£
Amounts owed to group undertakings
192,788
192,788
Other creditors
2,070,522
2,062,522
2,263,310
2,255,310
KENWORTH LIVERPOOL INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
- 4 -
6
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
7
Related Party transactions

Included in other creditors due after more than one year is an amount of £930 (2023: £930) owed to S O'Driscoll as at the balance sheet date.

 

Included within creditors due after one year, is an aggregate amount of £2,069,591 (2023: £2,061,591) owed to companies, in which S O'Driscoll is a director.

 

Included within other debtors, is an aggregate amount of £1,581,075 (2023: £1,578,075) due from companies, in which S O'Driscoll is a director.

8
Parent company

The ultimate parent company is CAS Property Limited. The registered office address is 166 College Road, Harrow, Middlesex, HA1 1RA.

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