Silverfin false false 31/03/2024 08/02/2023 31/03/2024 P A King 03/10/2023 R C W King 08/02/2023 S R King 03/10/2023 S J Smith 03/10/2023 19 August 2024 The principal activity of the company during the period was that of a holding company. 14649819 2024-03-31 14649819 bus:Director1 2024-03-31 14649819 bus:Director2 2024-03-31 14649819 bus:Director3 2024-03-31 14649819 bus:Director4 2024-03-31 14649819 core:ShareCapital 2024-03-31 14649819 core:AdditionsToInvestments 2024-03-31 14649819 core:CostValuation 2024-03-31 14649819 bus:OrdinaryShareClass1 2024-03-31 14649819 bus:OrdinaryShareClass2 2024-03-31 14649819 bus:OrdinaryShareClass3 2024-03-31 14649819 bus:OrdinaryShareClass4 2024-03-31 14649819 2023-02-08 2024-03-31 14649819 bus:FilletedAccounts 2023-02-08 2024-03-31 14649819 bus:SmallEntities 2023-02-08 2024-03-31 14649819 bus:AuditExempt-NoAccountantsReport 2023-02-08 2024-03-31 14649819 bus:PrivateLimitedCompanyLtd 2023-02-08 2024-03-31 14649819 bus:Director1 2023-02-08 2024-03-31 14649819 bus:Director2 2023-02-08 2024-03-31 14649819 bus:Director3 2023-02-08 2024-03-31 14649819 bus:Director4 2023-02-08 2024-03-31 14649819 bus:OrdinaryShareClass1 2023-02-08 2024-03-31 14649819 bus:OrdinaryShareClass2 2023-02-08 2024-03-31 14649819 bus:OrdinaryShareClass3 2023-02-08 2024-03-31 14649819 bus:OrdinaryShareClass4 2023-02-08 2024-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 14649819 (England and Wales)

KHHB HOLDINGS LIMITED

Unaudited Financial Statements
For the financial period from 08 February 2023 to 31 March 2024
Pages for filing with the registrar

KHHB HOLDINGS LIMITED

Unaudited Financial Statements

For the financial period from 08 February 2023 to 31 March 2024

Contents

KHHB HOLDINGS LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 March 2024
KHHB HOLDINGS LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 March 2024
Note 31.03.2024
£
Fixed assets
Investments 3 20,000
20,000
Net current assets 0
Total assets less current liabilities 20,000
Net assets 20,000
Capital and reserves
Called-up share capital 4 20,000
Total shareholders' funds 20,000

For the financial period ending 31 March 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of KHHB Holdings Limited (registered number: 14649819) were approved and authorised for issue by the Board of Directors on 19 August 2024. They were signed on its behalf by:

S R King
Director
KHHB HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 08 February 2023 to 31 March 2024
KHHB HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 08 February 2023 to 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

KHHB Holdings Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 1 Moorend Farm Avenue, Bristol, BS11 0FR, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.

Reporting period length

The reporting period length is longer than 12 months in order to bring the year end in line with other Companies in the group.

Dividend income

Dividend income from investments is recognised when the shareholders' rights to receive payment have been established (provided that it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably).

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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 Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

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.

2. Employees

Period from
08.02.2023 to
31.03.2024
Number
Monthly average number of persons employed by the Company during the period, including directors 5

3. Fixed asset investments

Investments in subsidiaries

31.03.2024
£
Cost
At 08 February 2023 0
Additions 20,000
At 31 March 2024 20,000
Carrying value at 31 March 2024 20,000

On 31 March 2023, the company acquired 100% of the share capital of Kings Heavy Haulage (Bristol) Limited.

4. Called-up share capital

31.03.2024
£
Allotted, called-up and fully-paid
100,010 A Ordinary shares of £ 0.10 each 10,001
10,000 B Ordinary shares of £ 0.10 each 1,000
59,990 C Ordinary shares of £ 0.10 each 5,999
30,000 D Ordinary shares of £ 0.10 each 3,000
20,000

On 8 February 2023, 1 Ordinary share of £1 share was issued. On 31 March 2023, the share was reclassified as £0.10 shares and a further 19,999 issued which were reclassified into A, B, C and D Ordinary shares of £0.10 each.

5. Related party transactions

During the period the Company has taken advantage of the exemption in section 1AC.35 of FRS 102 to not disclose related party transactions with wholly owned subsidiaries within the group.

During the period dividends totalling £323,200 were paid to directors.