Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31falsetrue2023-05-01falseNo description of principal activity33trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13765836 2023-05-01 2024-03-31 13765836 2021-11-25 2023-04-30 13765836 2024-03-31 13765836 2023-04-30 13765836 c:Director3 2023-05-01 2024-03-31 13765836 d:FreeholdInvestmentProperty 2024-03-31 13765836 d:FreeholdInvestmentProperty 2023-04-30 13765836 d:FreeholdInvestmentProperty 2 2023-05-01 2024-03-31 13765836 d:CurrentFinancialInstruments 2024-03-31 13765836 d:CurrentFinancialInstruments 2023-04-30 13765836 d:Non-currentFinancialInstruments 2024-03-31 13765836 d:Non-currentFinancialInstruments 2023-04-30 13765836 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 13765836 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 13765836 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 13765836 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 13765836 d:ShareCapital 2024-03-31 13765836 d:ShareCapital 2023-04-30 13765836 d:InvestmentPropertiesRevaluationReserve 2024-03-31 13765836 d:InvestmentPropertiesRevaluationReserve 2023-04-30 13765836 d:RetainedEarningsAccumulatedLosses 2024-03-31 13765836 d:RetainedEarningsAccumulatedLosses 2023-04-30 13765836 d:OtherDeferredTax 2024-03-31 13765836 d:OtherDeferredTax 2023-04-30 13765836 c:FRS102 2023-05-01 2024-03-31 13765836 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-03-31 13765836 c:FullAccounts 2023-05-01 2024-03-31 13765836 c:PrivateLimitedCompanyLtd 2023-05-01 2024-03-31 13765836 2 2023-05-01 2024-03-31 13765836 6 2023-05-01 2024-03-31 13765836 f:PoundSterling 2023-05-01 2024-03-31 iso4217:GBP xbrli:pure
Registered number: 13765836









KSI HOLDINGS LTD

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MARCH 2024

 
KSI HOLDINGS LTD
REGISTERED NUMBER: 13765836

BALANCE SHEET
AS AT 31 MARCH 2024

31 March
30 April
2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
100
100

Investment property
 5 
5,105,000
4,781,522

  
5,105,100
4,781,622

Current assets
  

Debtors: amounts falling due within one year
 6 
77,169
63,397

Cash at bank and in hand
  
112,314
63,640

  
189,483
127,037

Creditors: amounts falling due within one year
 7 
(292,128)
(425,281)

Net current liabilities
  
 
 
(102,645)
 
 
(298,244)

Total assets less current liabilities
  
5,002,455
4,483,378

Creditors: amounts falling due after more than one year
 8 
(4,606,451)
(4,485,190)

Provisions for liabilities
  

Deferred tax
 9 
(80,870)
-

Net assets/(liabilities)
  
315,134
(1,812)


Capital and reserves
  

Called up share capital 
  
100
100

Non-distributable reserve
  
242,609
-

Profit and loss account
  
72,425
(1,912)

  
315,134
(1,812)


Page 1

 
KSI HOLDINGS LTD
REGISTERED NUMBER: 13765836

BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

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 period 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 profit and loss account 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 on 27 September 2024.




................................................
M G Terry
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
KSI HOLDINGS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

1.


General information

KSI Holdings Ltd is a private company limited by shares, incorporated in England and Wales, with a company registration number of 13765836. The address of the registered office is Unit 1 Sapphire Business Park, Roundtree Way, Norwich, Norfolk, United Kingdom, NR7 8SQ.
The financial statements are prepared in sterling which is the functional currency of the company and rounded to the nearest £.
These financial statements are prepared for the shortened period 1 May 2023 to 31 March 2024. Therefore they are not directly comparable with the previous 17 month period.

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

Going concern

The directors consider that the resources available to the company will be sufficient for it to be able to continue as a going concern. The financial statements do not contain any adjustments that would be required if the company were not able to continue as a going concern.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Page 3

 
KSI HOLDINGS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.4

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:

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.

 
2.5

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.6

Interest income

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

 
2.7

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.

 
2.8

Borrowing costs

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

Page 4

 
KSI HOLDINGS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.9

Current and deferred taxation

The tax expense for the period 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.

 
2.10

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.11

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Profit and Loss Account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.12

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.

 
2.13

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.

Page 5

 
KSI HOLDINGS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
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.

 
2.15

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 period was 3 (2023 - 3).


4.


Fixed asset investments








Investments in subsidiary companies

£



Cost or valuation


At 1 May 2023
100



At 31 March 2024
100




Page 6

 
KSI HOLDINGS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

5.


Investment property





Freehold investment property

£



Valuation


At 1 May 2023
4,781,522


Surplus on revaluation
323,478



At 31 March 2024
5,105,000

The 2024 valuations were made by the directors, on an open market value for existing use basis.

31 March
2024
£

Revaluation reserves


Net deficit in movement properties
242,609





6.


Debtors

31 March
30 April
2024
2023
£
£


Trade debtors
39,141
15,181

Prepayments and accrued income
38,028
48,216

77,169
63,397


Page 7

 
KSI HOLDINGS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

7.


Creditors: Amounts falling due within one year

31 March
30 April
2024
2023
£
£

Bank loans
55,713
53,017

Other loans
19,933
155,916

Trade creditors
3,278
37,009

Corporation tax
23,764
-

Other taxation and social security
12,206
706

Other creditors
121,500
87,000

Accruals and deferred income
55,734
91,633

292,128
425,281



8.


Creditors: Amounts falling due after more than one year

31 March
30 April
2024
2023
£
£

Bank loans
3,298,327
3,338,583

Other loans
157,799
177,561

Amounts owed to group undertakings
1,150,325
969,046

4,606,451
4,485,190


Secured creditors
The total amount of creditors for which security has been given amounted to £3,354,040 (2023 - £3,391,600). The creditors are secured against the assets to which they relate. 

The aggregate amount of liabilities repayable wholly or in part more than five years after the balance sheet date is:

31 March
30 April
2024
2023
£
£


Repayable by instalments
3,032,525
3,085,640

3,032,525
3,085,640

The loan is repayable in monthly installments, and interest is charged on a monthly basis at 3.45% over the Bank of England Base Rate. The amounts payable in more than five years are included in secured creditors. 

Page 8

 
KSI HOLDINGS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

9.


Deferred taxation






2024


£






At beginning of year
-


Charged to profit or loss
80,870



At end of year
80,870

The deferred taxation balance is made up as follows:

31 March
30 April
2024
2023
£
£


Unrealised gains
80,870
-

80,870
-


Page 9