Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-30No description of principal activity182022-12-01false22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04235204 2022-12-01 2023-11-30 04235204 2021-12-01 2022-11-30 04235204 2023-11-30 04235204 2022-11-30 04235204 2021-12-01 04235204 c:Director1 2022-12-01 2023-11-30 04235204 d:Buildings 2022-12-01 2023-11-30 04235204 d:Buildings 2023-11-30 04235204 d:Buildings 2022-11-30 04235204 d:Buildings d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 04235204 d:PlantMachinery 2022-12-01 2023-11-30 04235204 d:PlantMachinery 2023-11-30 04235204 d:PlantMachinery 2022-11-30 04235204 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 04235204 d:MotorVehicles 2022-12-01 2023-11-30 04235204 d:MotorVehicles 2023-11-30 04235204 d:MotorVehicles 2022-11-30 04235204 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 04235204 d:FurnitureFittings 2022-12-01 2023-11-30 04235204 d:FurnitureFittings 2023-11-30 04235204 d:FurnitureFittings 2022-11-30 04235204 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 04235204 d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 04235204 d:Goodwill 2022-12-01 2023-11-30 04235204 d:Goodwill 2023-11-30 04235204 d:Goodwill 2022-11-30 04235204 d:CurrentFinancialInstruments 2023-11-30 04235204 d:CurrentFinancialInstruments 2022-11-30 04235204 d:Non-currentFinancialInstruments 2023-11-30 04235204 d:Non-currentFinancialInstruments 2022-11-30 04235204 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 04235204 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 04235204 d:Non-currentFinancialInstruments d:AfterOneYear 2023-11-30 04235204 d:Non-currentFinancialInstruments d:AfterOneYear 2022-11-30 04235204 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-11-30 04235204 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-11-30 04235204 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-11-30 04235204 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-11-30 04235204 d:ShareCapital 2023-11-30 04235204 d:ShareCapital 2022-11-30 04235204 d:RetainedEarningsAccumulatedLosses 2023-11-30 04235204 d:RetainedEarningsAccumulatedLosses 2022-11-30 04235204 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-11-30 04235204 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-11-30 04235204 d:FinancialLiabilitiesFairValueThroughProfitOrLoss d:ListedExchangeTraded 2023-11-30 04235204 d:FinancialLiabilitiesFairValueThroughProfitOrLoss d:ListedExchangeTraded 2022-11-30 04235204 c:FRS102 2022-12-01 2023-11-30 04235204 c:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 04235204 c:FullAccounts 2022-12-01 2023-11-30 04235204 c:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 04235204 d:AcceleratedTaxDepreciationDeferredTax 2023-11-30 04235204 d:AcceleratedTaxDepreciationDeferredTax 2022-11-30 04235204 d:TaxLossesCarry-forwardsDeferredTax 2023-11-30 04235204 d:TaxLossesCarry-forwardsDeferredTax 2022-11-30 04235204 2 2022-12-01 2023-11-30 iso4217:GBP xbrli:pure

Registered number:  04235204














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


 
KAEDE MANAGEMENT LIMITED
REGISTERED NUMBER: 04235204

BALANCE SHEET
AS AT 30 NOVEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
402,930
410,765

  
402,930
410,765

Current assets
  

Stocks
  
4,026
3,142

Debtors: amounts falling due within one year
 6 
715,476
634,554

Cash at bank and in hand
 7 
135,311
215,374

  
854,813
853,070

Creditors: amounts falling due within one year
 8 
(250,371)
(222,310)

Net current assets
  
 
 
604,442
 
 
630,760

Total assets less current liabilities
  
1,007,372
1,041,525

Creditors: amounts falling due after more than one year
 9 
(236,850)
(367,051)

Provisions for liabilities
  

Deferred tax
 12 
(21,688)
(21,355)

  
 
 
(21,688)
 
 
(21,355)

Net assets
  
748,834
653,119


Capital and reserves
  

Called up share capital 
  
1,001
1,001

Profit and loss account
  
747,833
652,118

  
748,834
653,119


Page 1

 
KAEDE MANAGEMENT LIMITED
REGISTERED NUMBER: 04235204
    
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 14 form part of these financial statements.

Page 2

 
KAEDE MANAGEMENT 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. 04235204). 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 boarding kennels, cattery and the retailing of pet food.

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

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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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.

Page 3

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

2.Accounting policies (continued)

 
2.3

Interest income

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

 
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.

 
2.5

Borrowing costs

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

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Page 4

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

2.Accounting policies (continued)

 
2.8

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of income and retained earnings over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.9

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 land and buildings
-
2-5% per annum
Plant, equipment and computers
-
20-33% per annum
Motor vehicles
-
25% per annum
Fixtures and fittings
-
5-25% per annum

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.

 
2.10

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 first in, first out 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 5

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

2.Accounting policies (continued)

 
2.11

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.

 
2.12

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.

 
2.13

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.

 
2.14

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 6

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

2.Accounting policies (continued)

 
2.15

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.

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.

 
2.16

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 22 (2022 - 18).

Page 7

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

4.


Intangible assets




Goodwill

£



Cost


At 1 December 2022
20,000



At 30 November 2023

20,000



Amortisation


At 1 December 2022
20,000



At 30 November 2023

20,000



Net book value



At 30 November 2023
-



At 30 November 2022
-



Page 8

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

5.


Tangible fixed assets





Freehold property
Plant and machinery
Motor vehicles
Fixtures and fittings
Total

£
£
£
£
£



Cost or valuation


At 1 December 2022
520,694
65,003
18,057
374,694
978,448


Additions
-
2,016
6,195
2,186
10,397



At 30 November 2023

520,694
67,019
24,252
376,880
988,845



Depreciation


At 1 December 2022
153,571
45,467
18,057
350,590
567,685


Charge for the year on owned assets
4,574
5,162
620
7,874
18,230



At 30 November 2023

158,145
50,629
18,677
358,464
585,915



Net book value



At 30 November 2023
362,549
16,390
5,575
18,416
402,930



At 30 November 2022
367,124
19,536
-
24,105
410,765

Page 9

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

6.


Debtors

2023
2022
£
£


Trade debtors
29,338
29,288

Amounts owed by group undertakings
676,039
582,679

Other debtors
762
16,495

Prepayments and accrued income
9,337
6,092

715,476
634,554



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
135,311
215,374

135,311
215,374


Page 10

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

8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
104,815
105,351

Trade creditors
4,739
2,358

Corporation tax
48,867
56,816

Other taxation and social security
59,160
45,598

Other creditors
19,540
-

Accruals and deferred income
13,250
12,187

250,371
222,310


The following liabilities were secured:

2023
2022
£
£



Bank loans
105,488
83,368

105,488
83,368

Details of security provided:

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

Page 11

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

9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
236,850
367,051

236,850
367,051


The following liabilities were secured:

2023
2022
£
£



Bank loans
261,421
378,399

261,421
378,399

Details of security provided:

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


10.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
104,815
105,351

Amounts falling due 1-2 years

Bank loans
107,285
107,078

Amounts falling due 2-5 years

Bank loans
129,567
259,972


341,667
472,401


Page 12

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

11.


Financial instruments

2023
2022
£
£

Financial assets


Financial assets measured at fair value through profit or loss
135,311
215,375

Financial assets measured at amortised cost
726,135
608,643

861,446
824,018


Financial liabilities


Financial liabilities measured at amortised cost
394,050
466,825


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


Financial assets measured at amortised cost comprise of trade debtors and amounts due from related parties. 


Financial liabilities measured at amortised cost comprise of bank loans, trade creditors, amounts owed to related parties and accruals


12.


Deferred taxation




2023
2022


£

£






At beginning of year
(21,355)
(19,775)


Charged to profit or loss
(333)
(1,580)



At end of year
(21,688)
(21,355)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Fixed asset differences
(21,740)
(21,355)

Short term timing differences
52
-

(21,688)
(21,355)

Page 13

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

13.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £11,830 (2022 - £5,065). Contributions totalling £621 (2022 - £Nil) were payable to the fund at the balance sheet date and are included in creditors.


14.


Related party transactions

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


2023
2022
£
£

Kaede Management Holdings Limited
676,039
582,679
676,039
582,679

Kaede Management Holdings Limited is the holding company, the loan is repayable on demand and no interest has been charged.


15.


Controlling party

The company is under the control of the directors, by virtue of control of the parent company, Kaede Management Holdings Limited.

 
Page 14