Registration number:
K and E Holdings Ltd
for the Year Ended 29 February 2024
K and E Holdings Ltd
Contents
Company Information |
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Balance Sheet |
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Notes to the Financial Statements |
K and E Holdings Ltd
Company Information
Directors |
Mrs K L Williams Mr A Dangerfield Mr W Dangerfield |
Registered office |
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Accountants |
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K and E Holdings Ltd
(Registration number: 09462215)
Balance Sheet as at 29 February 2024
Note |
2024 |
2023 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current liabilities |
( |
( |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Provisions for liabilities |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
100 |
100 |
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Other reserves |
640,684 |
640,684 |
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Profit and loss account |
1,107,466 |
967,812 |
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Shareholders' funds |
1,748,250 |
1,608,596 |
K and E Holdings Ltd
(Registration number: 09462215)
Balance Sheet as at 29 February 2024 (continued)
For the financial year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland'.
Approved and authorised by the
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K and E Holdings Ltd
Notes to the Financial Statements for the Year Ended 29 February 2024
General information |
The company is a private company limited by share capital incorporated in England and Wales registration number: 09462215.
The address of its registered office is:
United Kingdom
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The presentation currency is £ sterling.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown gross of sales, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
K and E Holdings Ltd
Notes to the Financial Statements for the Year Ended 29 February 2024 (continued)
2 |
Accounting policies (continued) |
Tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used.
Investment property
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
K and E Holdings Ltd
Notes to the Financial Statements for the Year Ended 29 February 2024 (continued)
Tangible assets |
Land and buildings |
Total |
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Cost or valuation |
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At 1 March 2023 |
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At 29 February 2024 |
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Depreciation |
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Carrying amount |
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At 29 February 2024 |
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At 28 February 2023 |
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Included within the net book value of land and buildings above is £3,200,000 (2023 - £3,200,000) in respect of freehold land and buildings.
Investment properties |
The investment properties class of fixed assets was revalued on 28 February 2023 by Mrs K L Williams, a director who is internal to the company. The property was valued on the basis of open market value by the director.
There has been no movement on the valuation of the investment properties for the 12 month period ending 29 February 2024.
K and E Holdings Ltd
Notes to the Financial Statements for the Year Ended 29 February 2024 (continued)
Creditors |
Creditors: amounts falling due within one year
Note |
2024 |
2023 |
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Due within one year |
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Loans and borrowings |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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- |
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Creditors: amounts falling due after more than one year
Note |
2024 |
2023 |
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Due after one year |
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Loans and borrowings |
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Other creditors |
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2024 |
2023 |
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Due after more than five years |
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After more than five years not by instalments |
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Creditors include loans which are secured, by way of fixed charge on the property, of £240,000 (2023 - £290,000).
K and E Holdings Ltd
Notes to the Financial Statements for the Year Ended 29 February 2024 (continued)
Loans and borrowings |
Non-current loans and borrowings
2024 |
2023 |
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Other borrowings |
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Included in the loans and borrowings are the following amounts due after more than five years:
Other loans after five years
Other loans payable after 5 years amounts to £44,800, there are no formal terms of repayment and interest is payable by the company at a market rate.