Silverfin false false 31/12/2023 01/01/2023 31/12/2023 P Burden 17/01/2011 R J Parker 01/05/2017 11 April 2024 The principal activity of the Company during the financial year was a holding company. 09444811 2023-12-31 09444811 bus:Director1 2023-12-31 09444811 bus:Director2 2023-12-31 09444811 2022-12-31 09444811 core:CurrentFinancialInstruments 2023-12-31 09444811 core:CurrentFinancialInstruments 2022-12-31 09444811 core:ShareCapital 2023-12-31 09444811 core:ShareCapital 2022-12-31 09444811 core:RetainedEarningsAccumulatedLosses 2023-12-31 09444811 core:RetainedEarningsAccumulatedLosses 2022-12-31 09444811 core:OtherPropertyPlantEquipment 2022-12-31 09444811 core:OtherPropertyPlantEquipment 2023-12-31 09444811 core:CostValuation 2022-12-31 09444811 core:CostValuation 2023-12-31 09444811 2023-01-01 2023-12-31 09444811 bus:FilletedAccounts 2023-01-01 2023-12-31 09444811 bus:SmallEntities 2023-01-01 2023-12-31 09444811 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 09444811 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09444811 bus:Director1 2023-01-01 2023-12-31 09444811 bus:Director2 2023-01-01 2023-12-31 09444811 core:OtherResidualIntangibleAssets 2023-01-01 2023-12-31 09444811 core:OtherPropertyPlantEquipment core:BottomRangeValue 2023-01-01 2023-12-31 09444811 core:OtherPropertyPlantEquipment core:TopRangeValue 2023-01-01 2023-12-31 09444811 2022-01-01 2022-12-31 09444811 core:OtherPropertyPlantEquipment 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Company No: 09444811 (England and Wales)

KDC RESOURCE GROUP LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2023
Pages for filing with the registrar

KDC RESOURCE GROUP LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2023

Contents

KDC RESOURCE GROUP LIMITED

BALANCE SHEET

As at 31 December 2023
KDC RESOURCE GROUP LIMITED

BALANCE SHEET (continued)

As at 31 December 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 1,375 2,546
Investments 4 10,051 10,051
11,426 12,597
Current assets
Debtors 5 86,869 8,643
Cash at bank and in hand 10,985 79,508
97,854 88,151
Creditors: amounts falling due within one year 6 ( 795) ( 1,900)
Net current assets 97,059 86,251
Total assets less current liabilities 108,485 98,848
Provision for liabilities ( 222) ( 371)
Net assets 108,263 98,477
Capital and reserves
Called-up share capital 1,000 1,000
Profit and loss account 107,263 97,477
Total shareholders' funds 108,263 98,477

For the financial year ending 31 December 2023 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 KDC Resource Group Limited (registered number: 09444811) were approved and authorised for issue by the Board of Directors on 11 April 2024. They were signed on its behalf by:

P Burden
Director
KDC RESOURCE GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
KDC RESOURCE GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
1. Accounting policies

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

General information and basis of accounting

KDC Resource Group 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 Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, 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 £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

Revenue from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

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.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Plant and machinery etc. 2 - 6.67 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

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.

Investments
Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through the Profit and Loss Account. Where fair value cannot be measured reliably, investments are measured at cost less impairment.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 January 2023 19,917 19,917
Additions 815 815
Disposals ( 672) ( 672)
At 31 December 2023 20,060 20,060
Accumulated depreciation
At 01 January 2023 17,371 17,371
Charge for the financial year 1,986 1,986
Disposals ( 672) ( 672)
At 31 December 2023 18,685 18,685
Net book value
At 31 December 2023 1,375 1,375
At 31 December 2022 2,546 2,546

4. Fixed asset investments

Investments in subsidiaries

2023
£
Cost
At 01 January 2023 10,051
At 31 December 2023 10,051
Carrying value at 31 December 2023 10,051
Carrying value at 31 December 2022 10,051

5. Debtors

2023 2022
£ £
Trade debtors 2,812 3,958
Amounts owed by Group undertakings 83,334 3,277
Other debtors 723 1,408
86,869 8,643

6. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 0 791
Other creditors 795 1,109
795 1,900