2023-01-012023-12-312023-12-31false08570619KDEP HOLDINGS LIMITED2024-09-03iso4217:GBPxbrli:pure085706192023-01-01085706192023-12-31085706192023-01-012023-12-31085706192022-01-01085706192022-12-31085706192022-01-012022-12-3108570619bus:SmallEntities2023-01-012023-12-3108570619bus:AuditExempt-NoAccountantsReport2023-01-012023-12-3108570619bus:FullAccounts2023-01-012023-12-3108570619bus:PrivateLimitedCompanyLtd2023-01-012023-12-3108570619core:WithinOneYear2023-12-3108570619core:AfterOneYear2023-12-3108570619core:WithinOneYear2022-12-3108570619core:AfterOneYear2022-12-3108570619core:ShareCapital2023-12-3108570619core:SharePremium2023-12-3108570619core:RevaluationReserve2023-12-3108570619core:OtherReservesSubtotal2023-12-3108570619core:RetainedEarningsAccumulatedLosses2023-12-3108570619core:ShareCapital2022-12-3108570619core:SharePremium2022-12-3108570619core:RevaluationReserve2022-12-3108570619core:OtherReservesSubtotal2022-12-3108570619core:RetainedEarningsAccumulatedLosses2022-12-3108570619core:LandBuildings2023-12-3108570619core:PlantMachinery2023-12-3108570619core:Vehicles2023-12-3108570619core:FurnitureFittings2023-12-3108570619core:OfficeEquipment2023-12-3108570619core:NetGoodwill2023-12-3108570619core:IntangibleAssetsOtherThanGoodwill2023-12-3108570619core:ListedExchangeTraded2023-12-3108570619core:UnlistedNon-exchangeTraded2023-12-3108570619core:LandBuildings2022-12-3108570619core:PlantMachinery2022-12-3108570619core:Vehicles2022-12-3108570619core:FurnitureFittings2022-12-3108570619core:OfficeEquipment2022-12-3108570619core:NetGoodwill2022-12-3108570619core:IntangibleAssetsOtherThanGoodwill2022-12-3108570619core:ListedExchangeTraded2022-12-3108570619core:UnlistedNon-exchangeTraded2022-12-3108570619core:LandBuildings2023-01-012023-12-3108570619core:PlantMachinery2023-01-012023-12-3108570619core:Vehicles2023-01-012023-12-3108570619core:FurnitureFittings2023-01-012023-12-3108570619core:OfficeEquipment2023-01-012023-12-3108570619core:NetGoodwill2023-01-012023-12-3108570619core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3108570619core:ListedExchangeTraded2023-01-012023-12-3108570619core:UnlistedNon-exchangeTraded2023-01-012023-12-3108570619core:MoreThanFiveYears2023-01-012023-12-3108570619core:Non-currentFinancialInstruments2023-12-3108570619core:Non-currentFinancialInstruments2022-12-3108570619dpl:CostSales2023-01-012023-12-3108570619dpl:DistributionCosts2023-01-012023-12-3108570619core:LandBuildings2023-01-012023-12-3108570619core:PlantMachinery2023-01-012023-12-3108570619core:Vehicles2023-01-012023-12-3108570619core:FurnitureFittings2023-01-012023-12-3108570619core:OfficeEquipment2023-01-012023-12-3108570619dpl:AdministrativeExpenses2023-01-012023-12-3108570619core:NetGoodwill2023-01-012023-12-3108570619core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3108570619dpl:GroupUndertakings2023-01-012023-12-3108570619dpl:ParticipatingInterests2023-01-012023-12-3108570619dpl:GroupUndertakingscore:ListedExchangeTraded2023-01-012023-12-3108570619core:ListedExchangeTraded2023-01-012023-12-3108570619dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-01-012023-12-3108570619core:UnlistedNon-exchangeTraded2023-01-012023-12-3108570619dpl:CostSales2022-01-012022-12-3108570619dpl:DistributionCosts2022-01-012022-12-3108570619core:LandBuildings2022-01-012022-12-3108570619core:PlantMachinery2022-01-012022-12-3108570619core:Vehicles2022-01-012022-12-3108570619core:FurnitureFittings2022-01-012022-12-3108570619core:OfficeEquipment2022-01-012022-12-3108570619dpl:AdministrativeExpenses2022-01-012022-12-3108570619core:NetGoodwill2022-01-012022-12-3108570619core:IntangibleAssetsOtherThanGoodwill2022-01-012022-12-3108570619dpl:GroupUndertakings2022-01-012022-12-3108570619dpl:ParticipatingInterests2022-01-012022-12-3108570619dpl:GroupUndertakingscore:ListedExchangeTraded2022-01-012022-12-3108570619core:ListedExchangeTraded2022-01-012022-12-3108570619dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-01-012022-12-3108570619core:UnlistedNon-exchangeTraded2022-01-012022-12-3108570619core:NetGoodwill2023-12-3108570619core:IntangibleAssetsOtherThanGoodwill2023-12-3108570619core:LandBuildings2023-12-3108570619core:PlantMachinery2023-12-3108570619core:Vehicles2023-12-3108570619core:FurnitureFittings2023-12-3108570619core:OfficeEquipment2023-12-3108570619core:AfterOneYear2023-12-3108570619core:WithinOneYear2023-12-3108570619core:ListedExchangeTraded2023-12-3108570619core:UnlistedNon-exchangeTraded2023-12-3108570619core:ShareCapital2023-12-3108570619core:SharePremium2023-12-3108570619core:RevaluationReserve2023-12-3108570619core:OtherReservesSubtotal2023-12-3108570619core:RetainedEarningsAccumulatedLosses2023-12-3108570619core:NetGoodwill2022-12-3108570619core:IntangibleAssetsOtherThanGoodwill2022-12-3108570619core:LandBuildings2022-12-3108570619core:PlantMachinery2022-12-3108570619core:Vehicles2022-12-3108570619core:FurnitureFittings2022-12-3108570619core:OfficeEquipment2022-12-3108570619core:AfterOneYear2022-12-3108570619core:WithinOneYear2022-12-3108570619core:ListedExchangeTraded2022-12-3108570619core:UnlistedNon-exchangeTraded2022-12-3108570619core:ShareCapital2022-12-3108570619core:SharePremium2022-12-3108570619core:RevaluationReserve2022-12-3108570619core:OtherReservesSubtotal2022-12-3108570619core:RetainedEarningsAccumulatedLosses2022-12-3108570619core:NetGoodwill2022-01-0108570619core:IntangibleAssetsOtherThanGoodwill2022-01-0108570619core:LandBuildings2022-01-0108570619core:PlantMachinery2022-01-0108570619core:Vehicles2022-01-0108570619core:FurnitureFittings2022-01-0108570619core:OfficeEquipment2022-01-0108570619core:AfterOneYear2022-01-0108570619core:WithinOneYear2022-01-0108570619core:ListedExchangeTraded2022-01-0108570619core:UnlistedNon-exchangeTraded2022-01-0108570619core:ShareCapital2022-01-0108570619core:SharePremium2022-01-0108570619core:RevaluationReserve2022-01-0108570619core:OtherReservesSubtotal2022-01-0108570619core:RetainedEarningsAccumulatedLosses2022-01-0108570619core:AfterOneYear2023-01-012023-12-3108570619core:WithinOneYear2023-01-012023-12-3108570619core:Non-currentFinancialInstrumentscore:CostValuation2023-01-012023-12-3108570619core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-01-012023-12-3108570619core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-01-012023-12-3108570619core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-01-012023-12-3108570619core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-01-012023-12-3108570619core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-01-012023-12-3108570619core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-01-012023-12-3108570619core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-01-012023-12-3108570619core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-01-012023-12-3108570619core:Non-currentFinancialInstrumentscore:CostValuation2023-12-3108570619core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-12-3108570619core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-12-3108570619core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-12-3108570619core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-12-3108570619core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-12-3108570619core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-12-3108570619core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-12-3108570619core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-12-3108570619core:Non-currentFinancialInstrumentscore:CostValuation2022-12-3108570619core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-12-3108570619core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-12-3108570619core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-12-3108570619core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-12-3108570619core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-12-3108570619core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-12-3108570619core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-12-3108570619core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-12-3108570619bus:Director12023-01-012023-12-3108570619bus:Director22023-01-012023-12-3108570619bus:Director32023-01-012023-12-31

KDEP HOLDINGS LIMITED

Registered Number
08570619
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2023

KDEP HOLDINGS LIMITED
Company Information
for the year from 1 January 2023 to 31 December 2023

Directors

WARD, Rob Frazer
WARD, Stephen Christopher
WARD, Suzanne

Registered Address

Jubilee Court
Thackley Old Road
Shipley
BD18 1QF

Registered Number

08570619 (England and Wales)
KDEP HOLDINGS LIMITED
Statement of Financial Position
31 December 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets31,962,5022,005,302
Investments410,10010,100
1,972,6022,015,402
Current assets
Debtors53,1174,667
Cash at bank and on hand5,6898,271
8,80612,938
Creditors amounts falling due within one year6(799,379)(878,285)
Net current assets (liabilities)(790,573)(865,347)
Total assets less current liabilities1,182,0291,150,055
Creditors amounts falling due after one year7(298,088)(364,194)
Net assets883,941785,861
Capital and reserves
Called up share capital10,00010,000
Profit and loss account873,941775,861
Shareholders' funds883,941785,861
The financial statements were approved and authorised for issue by the Board of Directors on 3 September 2024, and are signed on its behalf by:
WARD, Rob Frazer
Director
Registered Company No. 08570619
KDEP HOLDINGS LIMITED
Notes to the Financial Statements
for the year ended 31 December 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Basis of preparation
The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Going concern
The directors believe that the company has adequate resources to continue in operational existence for the foreseeable future. The company continues to have the support of the directors, shareholders and creditors and therefore continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover policy
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. Revenue is recognised when rental income is receivable.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to the Income Statement
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. 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 disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Land and buildings50
Investments
Investments in subsidiaries are measured at cost less any accumulated impairment losses.
Finance leases and hire purchase contracts
Rental income from operating leases is credited to profit or loss on a straight line basis over the lease term.
Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
2.Average number of employees

20232022
Average number of employees during the year44
3.Tangible fixed assets

Land & buildings

Total

££
Cost or valuation
At 01 January 232,239,9952,239,995
At 31 December 232,239,9952,239,995
Depreciation and impairment
At 01 January 23234,693234,693
Charge for year42,80042,800
At 31 December 23277,493277,493
Net book value
At 31 December 231,962,5021,962,502
At 31 December 222,005,3022,005,302
Included in freehold property is freehold land of £100,000 (2022 - £100,000) which is not depreciated.
4.Fixed asset investments
1 Investments in group undertakings and participating interests

Investments in groups1

Total

££
Cost or valuation
At 01 January 2310,10010,100
At 31 December 2310,10010,100
Net book value
At 31 December 2310,10010,100
At 31 December 2210,10010,100

Notes

1Investments in group undertakings and participating interests
5.Debtors: amounts due within one year

2023

2022

££
Other debtors-1,000
Prepayments and accrued income3,1173,667
Total3,1174,667
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
6.Creditors: amounts due within one year

2023

2022

££
Bank borrowings and overdrafts55,69856,439
Amounts owed to related parties704,452705,311
Taxation and social security13,42913,336
Other creditors25,800103,199
Total799,379878,285
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. The following amounts disclosed under creditors, amounts falling due within one year, are secured by property held by the company: Bank Loans £56,698 (2022 - £56,439)
7.Creditors: amounts due after one year

2023

2022

££
Bank borrowings and overdrafts298,088364,194
Total298,088364,194
The following amounts disclosed under creditors, amounts falling due within one year, are secured by property held by the company: Bank Loans £298,088 (2022 - £364,194)
8.Related party transactions
Included within creditors, amounts due within one year, is an amount of £16,125 (2022 - £64,500) due to the directors. The amount is interest free and repayable on demand. Included within creditors, amounts due within one year, is an amount of £9,675 (2022 - £38,700) due to the shareholders D Bairstow and U Ward. The amount is interest free and repayable on demand. The company has taken advantage of the exemption contained in Section 33 of FRS 102 "Related Party Disclosures" from disclosing transactions with entities which are part of the group, since 100% of the voting rights in the company are controlled within the group.
9.Parent-subsidiary relationships
The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are consolidated eligible for the exemption to prepare consolidated accounts.