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Registered number: 06178649









COOMBE KP LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
COOMBE KP LIMITED
REGISTERED NUMBER: 06178649

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

  

Current assets
  

Stocks
  
3,166,400
3,166,401

Debtors: amounts falling due within one year
 5 
42,074
62,496

Cash at bank and in hand
 6 
17,876
174,655

  
3,226,350
3,403,552

Creditors: amounts falling due within one year
 7 
(3,606,463)
(3,524,258)

Net current liabilities
  
 
 
(380,113)
 
 
(120,706)

Total assets less current liabilities
  
(380,113)
(120,706)

Creditors: amounts falling due after more than one year
 8 
-
109,999

  

Net liabilities
  
(380,113)
(10,707)


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
(381,113)
(11,707)

  
(380,113)
(10,707)


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 comprehensive income 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 7 January 2025.




B Patel
Director

The notes on pages 2 to 7 form part of these financial statements.

Page 1

 
COOMBE KP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Coombe KP Limited is a private company, limited by shares, domiciled in England and Wales, registration number 06178649. The registered office is Haslers, Old Station Road, Loughton, Essex, IG10 4PL. The principal activity of the company continued to be that of property investment and development. 

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 financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound sterling.

The following principal accounting policies have been applied:

 
2.2

Financial Reporting Standard 102 - reduced disclosure exemptions

The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":
the requirements of Section 7 Statement of Cash Flows;
the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d);
the requirements of Section 11 Financial Instruments paragraphs 11.42, 11.44 to 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);
the requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.27, 12.29(a), 12.29(b) and 12.29A;
the requirements of Section 33 Related Party Disclosures paragraph 33.7.

This information is included in the consolidated financial statements of Pharmadent Holdings Limited as at As at 31 March 2024 and these financial statements may be obtained from Companies House.

 
2.3

Revenue

Revenue recognised by the company relates to rental income which is recognised in the period to which it relates.

  
2.4

Going concern

The financial statements have been prepared on a going concern basis based on the continuing support of the parent company. 

 
2.5

Interest income

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

Page 2

 
COOMBE KP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.6

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.

 
2.7

Taxation

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.

 
2.8

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 property
-
No depreciation
Other fixed assets
-
10%
Straight-line

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.

 
2.9

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 weighted average 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 3

 
COOMBE KP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.10

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.

 
2.11

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.

 
2.12

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.


3.


Employees




The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Stocks

2024
2023
£
£

Work in progress (goods to be sold)
3,166,400
3,166,401

3,166,400
3,166,401



5.


Debtors

2024
2023
£
£


Trade debtors
-
2,653

Other debtors
42,074
59,843

42,074
62,496


Page 4

 
COOMBE KP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
17,876
174,655

17,876
174,655



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
-
2,216,645

Amounts owed to group undertakings
1,009,301
1,247,029

Corporation tax
-
29,134

Other creditors
2,593,368
27,659

Accruals and deferred income
3,794
3,791

3,606,463
3,524,258



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
-
(109,999)

-
(109,999)


Page 5

 
COOMBE KP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
-
2,216,645


-
2,216,645

Amounts falling due 1-2 years

Bank loans
-
(110,000)


-
(110,000)



-
2,106,645



10.


Related party transactions

During the year, interest of £263,883 (2023: £Nil) was charged to the Company from entities under common control.
At the year end, the following balances were owed (to)/from:


2024
2023
£
£

Entities under common control
(2,539,320)
42,000
(2,539,320)
42,000


11.


Controlling party

The immediate and ultimate parent company is Pharmadent Holdings Limited, a company registered in England and Wales at Haslers. Old Station Road, Loughton, Essex, IG10 4PL. Copies of the consolidated accounts for Pharmadent Holdings Limited for the year ended 31st March 2024 can be obtained from Companies House.
The ultimate controlling party is B Patel, by virtue of his majority shareholding in the ultimate parent company. 

Page 6

 
COOMBE KP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

12.


Auditors' information

The auditors' report on the financial statements for the year ended 31 March 2024 was unqualified.

The audit report was signed on 7 January 2025 by Matthew Wells ACA (Senior Statutory Auditor) on behalf of Haslers.

 
Page 7