Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-302022-12-01falseNo description of principal activity22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11677442 2022-12-01 2023-11-30 11677442 2021-12-01 2022-11-30 11677442 2023-11-30 11677442 2022-11-30 11677442 c:Director1 2022-12-01 2023-11-30 11677442 d:CurrentFinancialInstruments 2023-11-30 11677442 d:CurrentFinancialInstruments 2022-11-30 11677442 d:Non-currentFinancialInstruments 2023-11-30 11677442 d:Non-currentFinancialInstruments 2022-11-30 11677442 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 11677442 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 11677442 d:Non-currentFinancialInstruments d:AfterOneYear 2023-11-30 11677442 d:Non-currentFinancialInstruments d:AfterOneYear 2022-11-30 11677442 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-11-30 11677442 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-11-30 11677442 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-11-30 11677442 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-11-30 11677442 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-11-30 11677442 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-11-30 11677442 d:ShareCapital 2023-11-30 11677442 d:ShareCapital 2022-11-30 11677442 d:RetainedEarningsAccumulatedLosses 2023-11-30 11677442 d:RetainedEarningsAccumulatedLosses 2022-11-30 11677442 d:FinancialLiabilitiesFairValueThroughProfitOrLoss d:UnlistedNon-exchangeTraded 2023-11-30 11677442 d:FinancialLiabilitiesFairValueThroughProfitOrLoss d:UnlistedNon-exchangeTraded 2022-11-30 11677442 c:FRS102 2022-12-01 2023-11-30 11677442 c:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 11677442 c:FullAccounts 2022-12-01 2023-11-30 11677442 c:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 11677442 6 2022-12-01 2023-11-30 iso4217:GBP xbrli:pure

Registered number:  11677442














KAEDE MANAGEMENT HOLDINGS LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023


 
KAEDE MANAGEMENT HOLDINGS LIMITED
REGISTERED NUMBER: 11677442

BALANCE SHEET
AS AT 30 NOVEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
1,389,440
1,327,040

  
1,389,440
1,327,040

  

Creditors: amounts falling due within one year
 5 
(871,082)
(750,978)

Net current liabilities
  
 
 
(871,082)
 
 
(750,978)

Total assets less current liabilities
  
518,358
576,062

Creditors: amounts falling due after more than one year
 6 
(517,751)
(575,930)

  

Net assets
  
607
132


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
605
130

  
607
132


Page 1

 
KAEDE MANAGEMENT HOLDINGS LIMITED
REGISTERED NUMBER: 11677442
    
BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 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 by: 




................................................
M R Sloan
Director

Date: 27 August 2024

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

Page 2

 
KAEDE MANAGEMENT HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1.


General information

The company is a private company limited by shares, which is incorporated under the Companies Act
2006 and registered in England & Wales (no. 11677442). The registered office 295 Birkenhead Road
Meols Wirral CH47 9RB.
These financial statements present information about the company as an individual undertaking. The
principal activity of the company is that of a holding company.

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

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.

 
2.3

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.4

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.

 
2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.6

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.

 
2.7

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.

Page 3

 
KAEDE MANAGEMENT HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)


2.7
Financial instruments (continued)

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 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.

 
2.8

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.


3.


Employees




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

Page 4

 
KAEDE MANAGEMENT HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

4.


Fixed asset investments





Unlisted investments

£



Cost or valuation


At 1 December 2022
1,327,040


Additions
62,400



At 30 November 2023
1,389,440





5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
37,979
37,979

Amounts owed to group undertakings
676,039
582,679

Other creditors
155,914
129,770

Accruals and deferred income
1,150
550

871,082
750,978


The following liabilities were secured:

2023
2022
£
£



Bank loans
37,979
37,979

37,979
37,979

Details of security provided:

The bank loans are secured by fixed and floating charges held against the assets of the company.

Page 5

 
KAEDE MANAGEMENT HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

6.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
517,751
575,930

517,751
575,930


The following liabilities were secured:

2023
2022
£
£



Bank loans
517,751
575,930

517,751
575,930

Details of security provided:

The bank loans are secured by fixed and floating charges held against the assets of the company.


7.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
37,979
37,979

Amounts falling due 1-2 years

Bank loans
37,979
37,979

Amounts falling due 2-5 years

Bank loans
113,936
113,936

Amounts falling due after more than 5 years

Bank loans
365,837
424,015

555,731
613,909


Page 6

 
KAEDE MANAGEMENT HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

8.


Financial instruments

2023
2022
£
£



Financial liabilities


Financial liabilities measured at amortised cost
1,388,833
1,323,584


Financial liabilities measured at amortised cost comprise of bank loans, amounts owed to group undetakings, other creditors and accruals.


9.


Related party transactions

At the balance sheet date the following amounts were due (to) / from related parties:


2023
2022
£
£

Kaede Management Limited
(676,039)
(582,679)
M & J Sloan
(155,914)
(129,770)

Kaede Management Limited is a subsidiary company, the loan is repayable on demand and no interest has been charged.
M & J Sloan are directors and shareholders, the loan is repayable on demand and no interest has been charged.


10.


Controlling party

The company is under the control of its directors.

 
Page 7