Caseware UK (AP4) 2024.0.164 2024.0.164 2024-05-312024-05-31false2023-06-01providing management services relating to interior design and procurement of FF&E22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 14139694 2023-06-01 2024-05-31 14139694 2022-05-30 2023-05-31 14139694 2024-05-31 14139694 2023-05-31 14139694 c:Director1 2023-06-01 2024-05-31 14139694 c:Director2 2023-06-01 2024-05-31 14139694 c:RegisteredOffice 2023-06-01 2024-05-31 14139694 d:CurrentFinancialInstruments 2024-05-31 14139694 d:CurrentFinancialInstruments 2023-05-31 14139694 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 14139694 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 14139694 d:ShareCapital 2024-05-31 14139694 d:ShareCapital 2023-05-31 14139694 d:RetainedEarningsAccumulatedLosses 2024-05-31 14139694 d:RetainedEarningsAccumulatedLosses 2023-05-31 14139694 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2024-05-31 14139694 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-05-31 14139694 c:OrdinaryShareClass1 2023-06-01 2024-05-31 14139694 c:OrdinaryShareClass1 2024-05-31 14139694 c:OrdinaryShareClass1 2023-05-31 14139694 c:FRS102 2023-06-01 2024-05-31 14139694 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 14139694 c:FullAccounts 2023-06-01 2024-05-31 14139694 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 14139694 e:PoundSterling 2023-06-01 2024-05-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 14139694









MARTIN KEMP DESIGN (MANAGEMENT) LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2024

 
MARTIN KEMP DESIGN (MANAGEMENT) LIMITED
 
 
COMPANY INFORMATION


Directors
M B T Kemp 
J P Hall 




Registered number
14139694



Registered office
The Department Store 244-248 Ferndale Road
Suite 3.1 3rd Floor

London

SW9 8FR




Accountants
Rawlinson & Hunter LLP
Chartered Accountants

Eighth Floor

6 New Street Square

New Fetter Lane

London

EC4A 3AQ





 
MARTIN KEMP DESIGN (MANAGEMENT) LIMITED
 

CONTENTS



Page
Balance Sheet
1 - 2
Notes to the Financial Statements
3 - 6


 
MARTIN KEMP DESIGN (MANAGEMENT) LIMITED
REGISTERED NUMBER: 14139694

BALANCE SHEET
AS AT 31 MAY 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
6,871
13,582

Cash at bank and in hand
 5 
7,215
3,965

  
14,086
17,547

Creditors: amounts falling due within one year
 6 
(10,281)
(22,876)

Net current assets/(liabilities)
  
 
 
3,805
 
 
(5,329)

Total assets less current liabilities
  
3,805
(5,329)

  

Net assets/(liabilities)
  
3,805
(5,329)


Capital and reserves
  

Called up share capital 
 8 
1
1

Profit and loss account
  
3,804
(5,330)

  
3,805
(5,329)


Page 1

 
MARTIN KEMP DESIGN (MANAGEMENT) LIMITED
REGISTERED NUMBER: 14139694
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 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 year 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 by: 




J P Hall
Director

Date: 16 January 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
MARTIN KEMP DESIGN (MANAGEMENT) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

Martin Kemp Design (Management) Limited ("the company") is a private company, limited by shares, incorporated in England and Wales with a registration number of 14139694. The registered office is The Department Store 244-248 Ferndale Road, Suite 3.1 3rd Floor, London, SW9 8FR.

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 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.

The following principal accounting policies have been applied:

 
2.2

Going concern

The directors have assessed the company's financial position and resources and believe that the company is well placed to manage its business risks. Accordingly, the directors consider that the adoption of the going concern basis in preparing these financial statements is appropriate. 

 
2.3

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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the company has transferred the significant risks and rewards of ownership to the buyer;
the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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.

Page 3

 
MARTIN KEMP DESIGN (MANAGEMENT) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.4

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.


 
2.5

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.

 
2.6

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.

 
2.7

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.

 
2.8

Financial instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Page 4

 
MARTIN KEMP DESIGN (MANAGEMENT) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

3.


Employees

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

4.


Debtors

2024
2023
£
£


Trade debtors
-
3,472

Amounts owed by group undertakings
1
1

Prepayments and accrued income
6,870
10,109

6,871
13,582



5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
7,215
3,965



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
28
17

Corporation tax
1,055
-

Other taxation and social security
1,185
59

Other creditors
1,013
500

Accruals and deferred income
7,000
22,300

10,281
22,876


Page 5

 
MARTIN KEMP DESIGN (MANAGEMENT) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

7.


Financial instruments

2024
2023
£
£

Financial assets


Financial assets measured at fair value through profit or loss
7,215
3,965




Financial assets measured at fair value through profit or loss comprise of cash at bank and in hand.


8.


Share capital

2024
2023
£
£
Allotted, called up and unpaid



1 (2023 - 1) Ordinary share of £1
1
1



9.


Related party transactions

Included within other creditors (Note 6) is an amount of £500 (2023 - £500) due to Martin Kemp Design Limited, a company in which M B T Kemp is a director. This loan is interest free and repayable on demand.
Included in turnover in the year/period is an amount of £20,000 (
2023 - £6,124) which represents management services income from Martin Kemp Design Limited.


10.


Controlling party

The immediate parent undertaking is Martin Kemp Design (Group) Limited, a company incorporated in England and Wales. The ultimate controlling party is M B T Kemp.

 
Page 6