Caseware UK (AP4) 2023.0.135 2023.0.135 2023-10-312023-10-31falsePublishing2022-11-0100truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10423759 2022-11-01 2023-10-31 10423759 2021-11-01 2022-10-31 10423759 2023-10-31 10423759 2022-10-31 10423759 c:Director1 2022-11-01 2023-10-31 10423759 d:CurrentFinancialInstruments 2023-10-31 10423759 d:CurrentFinancialInstruments 2022-10-31 10423759 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 10423759 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 10423759 d:ShareCapital 2023-10-31 10423759 d:ShareCapital 2022-10-31 10423759 d:RetainedEarningsAccumulatedLosses 2023-10-31 10423759 d:RetainedEarningsAccumulatedLosses 2022-10-31 10423759 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-10-31 10423759 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-10-31 10423759 c:FRS102 2022-11-01 2023-10-31 10423759 c:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 10423759 c:FullAccounts 2022-11-01 2023-10-31 10423759 c:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 10423759 e:PoundSterling 2022-11-01 2023-10-31 iso4217:GBP xbrli:pure

Registered number: 10423759









KILKENNY ASSOCIATES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

 
KILKENNY ASSOCIATES LIMITED
REGISTERED NUMBER: 10423759

BALANCE SHEET
AS AT 31 OCTOBER 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
165,376
89,565

Cash at bank and in hand
 5 
27
256

  
165,403
89,821

Creditors: amounts falling due within one year
 6 
(145,580)
(20,710)

Net current assets
  
 
 
19,823
 
 
69,111

Total assets less current liabilities
  
19,823
69,111

  

Net assets
  
19,823
69,111


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
19,723
69,011

  
19,823
69,111


Page 1

 
KILKENNY ASSOCIATES LIMITED
REGISTERED NUMBER: 10423759
    
BALANCE SHEET (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 statement of income and retained earnings 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 31 July 2024.





................................................
Denise Kilkenny
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
KILKENNY ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1.


General information

The Company is a private company limited by share capital, incorporated in England and Wales. The principal activity of the Company throughout the year was that of PR consultancy services.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Going concern

The accounts have been prepared on a going concern basis. The Company is dependent on the continuing support of the directors, which they have pledged for the foreseeable future.

 
2.3

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.

 
2.4

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.

Page 3

 
KILKENNY ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.5

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.

 
2.6

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.

 
2.7

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.

 
2.8

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.

 
2.9

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.

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.

 
2.10

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 at an annual general meeting.

Page 4

 
KILKENNY ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

3.


Employees




The average monthly number of employees, including directors, during the year was 0 (2022 - 0).

Page 5

 
KILKENNY ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

4.


Debtors

2023
2022
£
£


Trade debtors
21,600
48,270

Other debtors
135,776
41,295

Prepayments and accrued income
8,000
-

165,376
89,565


Included within other debtors due within one year is a loan to Alan Kilkenny, a director, amounting to £135,000 (2022 - £2,622 owed to the director)




5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
27
256

27
256



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
900
-

Corporation tax
-
16,188

Other taxation and social security
1,615
-

Other creditors
-
2,622

Accruals and deferred income
143,065
1,900

145,580
20,710




Page 6

 
KILKENNY ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

7.


Financial instruments

2023
2022
£
£

Financial assets


Financial assets measured at fair value through profit or loss
27
256




Financial assets measured at fair value through profit or loss comprise cash at bank and in hand.


8.


Controlling party

The Company is controlled by the director Denise Kilkenny, by virtue of her shareholding, as disclosed in the Directors' report.

 
Page 7