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REGISTERED NUMBER: 02560014 (England and Wales)















Keneth Peters Asset Management Limited

Unaudited Financial Statements

for the Year Ended 31 July 2024






Keneth Peters Asset Management Limited (Registered number: 02560014)

Contents of the Financial Statements
for the year ended 31 July 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Keneth Peters Asset Management Limited

Company Information
for the year ended 31 July 2024







Directors: S G Hurford
S J Murphy
A R Levene





Registered office: 3 Castle Gate
Castle Street
Hertford
Hertfordshire
SG14 1HD





Registered number: 02560014 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

Keneth Peters Asset Management Limited (Registered number: 02560014)

Balance Sheet
31 July 2024

2024 2023
Notes £ £ £ £
Fixed assets
Tangible assets 4 2,319 3,092

Current assets
Debtors 5 7,349 31,701
Cash at bank 110,564 93,330
117,913 125,031
Creditors
Amounts falling due within one year 6 106,735 104,627
Net current assets 11,178 20,404
Total assets less current liabilities 13,497 23,496

Creditors
Amounts falling due after more than one
year

7

(8,333

)

(18,332

)

Provisions for liabilities (800 ) (800 )
Net assets 4,364 4,364

Capital and reserves
Called up share capital 9 2 2
Retained earnings 4,362 4,362
Shareholders' funds 4,364 4,364

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 March 2025 and were signed on its behalf by:





S G Hurford - Director


Keneth Peters Asset Management Limited (Registered number: 02560014)

Notes to the Financial Statements
for the year ended 31 July 2024


1. Statutory information

Keneth Peters Asset Management Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going Concern
The financial statements have been prepared on the going concern basis, as the directors believe that the Company will continue to have support from the Parent to enable it to continue to operate as a going concern and they will not request repayment within 12 months of the date of the report.

Accordingly, the directors continue to adopt the going concern basis of accounting in preparing the annual financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration recieved or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance

Keneth Peters Asset Management Limited (Registered number: 02560014)

Notes to the Financial Statements - continued
for the year ended 31 July 2024


2. Accounting policies - continued

Financial instruments
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at
transaction price including transaction costs and are subsequently carried at amortised cost using the
effective interest method unless the arrangement constitutes a financing transaction, where the transaction
is measured at the present value of the future receipts discounted at a market rate of interest. Financial
assets classified as receivable within one year are not amortised.

Impairment of financial assets
Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of
impairment at the balance sheet date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that
occurred after the initial recognition of the financial asset, the estimated future cash flows have been
affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the
present value of the estimated cash flows discounted at the asset’s original effective interest rate. The
impairment loss is recognised in profit or loss

If there is a decrease in the impairment loss arising from an event occurring after the impairment was
recognised, the impairment is reversed. The reversal is such that the current carrying amount does not
exceed what the carrying amount would have been, had the impairment not previously been recognised.
The impairment reversal is recognised in profit or loss.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual
arrangements entered into. An equity instrument is any contract that evidences a residual interest in the
assets of the group after deducting all of its liabilities.

Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group
companies that are classified as debt, are initially recognised at transaction price unless the arrangement
constitutes a financing transaction, where the debt instrument is measured at the present value of the
future receipts discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course
of business from suppliers. Accounts payable are classified as current liabilities if payment is due within
one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 8 (2023 - 9 ) .

Keneth Peters Asset Management Limited (Registered number: 02560014)

Notes to the Financial Statements - continued
for the year ended 31 July 2024


4. Tangible fixed assets
Fixtures
Plant and and
machinery fittings Totals
£ £ £
Cost
At 1 August 2023
and 31 July 2024 93,937 3,998 97,935
Depreciation
At 1 August 2023 90,845 3,998 94,843
Charge for year 773 - 773
At 31 July 2024 91,618 3,998 95,616
Net book value
At 31 July 2024 2,319 - 2,319
At 31 July 2023 3,092 - 3,092

5. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 5,022 27,833
Other debtors 2,327 3,868
7,349 31,701

6. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts (see note 8) 10,000 10,001
Trade creditors 226 23,193
Amounts owed to group undertakings 7,406 53,336
Taxation and social security 52,159 16,833
Other creditors 36,944 1,264
106,735 104,627

7. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans (see note 8) 8,333 18,332

8. Loans

An analysis of the maturity of loans is given below:

2024 2023
£ £
Amounts falling due within one year or on demand:
Bank loans 10,000 10,001

Amounts falling due between one and two years:
Bank loans - 1-2 years 8,333 10,000

Keneth Peters Asset Management Limited (Registered number: 02560014)

Notes to the Financial Statements - continued
for the year ended 31 July 2024


8. Loans - continued
2024 2023
£ £
Amounts falling due between two and five years:
Bank loans - 2-5 years - 8,332

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
2 Ordinary share capital 1 2 2