IRIS Accounts Production v24.3.2.46 09644379 Board of Directors 1.7.23 31.12.24 31.12.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh096443792023-06-30096443792024-12-31096443792023-07-012024-12-31096443792022-06-30096443792022-07-012023-06-30096443792023-06-3009644379ns15:EnglandWales2023-07-012024-12-3109644379ns14:PoundSterling2023-07-012024-12-3109644379ns10:Director12023-07-012024-12-3109644379ns10:PrivateLimitedCompanyLtd2023-07-012024-12-3109644379ns10:SmallEntities2023-07-012024-12-3109644379ns10:AuditExemptWithAccountantsReport2023-07-012024-12-3109644379ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-12-3109644379ns10:SmallCompaniesRegimeForAccounts2023-07-012024-12-3109644379ns10:FullAccounts2023-07-012024-12-310964437912023-07-012024-12-3109644379ns10:Director22023-07-012024-12-3109644379ns10:Director32023-07-012024-12-3109644379ns10:Director42023-07-012024-12-3109644379ns10:RegisteredOffice2023-07-012024-12-3109644379ns5:CurrentFinancialInstruments2024-12-3109644379ns5:CurrentFinancialInstruments2023-06-3009644379ns5:Non-currentFinancialInstruments2024-12-3109644379ns5:Non-currentFinancialInstruments2023-06-3009644379ns5:ShareCapital2024-12-3109644379ns5:ShareCapital2023-06-3009644379ns5:CapitalRedemptionReserve2024-12-3109644379ns5:CapitalRedemptionReserve2023-06-3009644379ns5:RetainedEarningsAccumulatedLosses2024-12-3109644379ns5:RetainedEarningsAccumulatedLosses2023-06-3009644379ns5:IntangibleAssetsOtherThanGoodwill2023-07-012024-12-3109644379ns5:PatentsTrademarksLicencesConcessionsSimilar2023-07-012024-12-3109644379ns5:PlantMachinery2023-07-012024-12-3109644379ns5:PatentsTrademarksLicencesConcessionsSimilar2024-12-3109644379ns5:PlantMachinery2023-06-3009644379ns5:PlantMachinery2024-12-3109644379ns5:PlantMachinery2023-06-3009644379ns5:CostValuation2023-06-3009644379ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3109644379ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-30
REGISTERED NUMBER: 09644379 (England and Wales)
















Financial Statements

for the Period 1 July 2023 to 31 December 2024

for

Angus Kyloe Partners Limited

Angus Kyloe Partners Limited (Registered number: 09644379)

Contents of the Financial Statements
for the Period 1 July 2023 to 31 December 2024










Page

Company Information 1

Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Angus Kyloe Partners Limited

Company Information
for the Period 1 July 2023 to 31 December 2024







DIRECTORS: Ms S S Pennie
R G Pennie
L Mattorano
W Razzaq





REGISTERED OFFICE: 701 Stonehouse Park
Sperry Way
Stonehouse
Gloucestershire
GL10 3UT





REGISTERED NUMBER: 09644379 (England and Wales)





ACCOUNTANTS: Xeinadin South Wales & West Limited
701 Stonehouse Park
Sperry Way
Stonehouse
Gloucestershire
GL10 3UT

Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Angus Kyloe Partners Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements and state those matters that we have agreed to state to the Board of Directors, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that the Company has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit. You consider that the Company is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of the Company. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Xeinadin South Wales & West Limited


21 March 2025

Angus Kyloe Partners Limited (Registered number: 09644379)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 32,138 -
Tangible assets 5 70,709 101,452
Investments 6 1,489 1,489
104,336 102,941

CURRENT ASSETS
Stocks 44,893 57,283
Debtors 7 661,632 507,950
Cash at bank 371,073 1,092,171
1,077,598 1,657,404
CREDITORS
Amounts falling due within one year 8 888,648 1,142,752
NET CURRENT ASSETS 188,950 514,652
TOTAL ASSETS LESS CURRENT LIABILITIES 293,286 617,593

CREDITORS
Amounts falling due after more than one
year

9

(7,168

)

(11,775

)

PROVISIONS FOR LIABILITIES (1,645 ) (3,384 )
NET ASSETS 284,473 602,434

CAPITAL AND RESERVES
Called up share capital 10,100 10,100
Capital redemption reserve 10,000 10,000
Retained earnings 264,373 582,334
284,473 602,434

Angus Kyloe Partners Limited (Registered number: 09644379)

Balance Sheet - continued
31 December 2024


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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 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 21 March 2025 and were signed on its behalf by:





Ms S S Pennie - Director


Angus Kyloe Partners Limited (Registered number: 09644379)

Notes to the Financial Statements
for the Period 1 July 2023 to 31 December 2024


1. STATUTORY INFORMATION

Angus Kyloe Partners 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.

Group accounts not prepared
The financial statements contain information about Angus Kyloe Partners Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Revenue recognition
Turnover comprises the fair value of consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts and after eliminating sales within the company.

The company recognises revenue when the amount of revenue can be reliably measured, it is probably that the future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Intellectual property are being amortised evenly over their estimated useful life of three years.

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 etc - 10% on cost, Straight line over 5 years and Straight line over 3 years

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Angus Kyloe Partners Limited (Registered number: 09644379)

Notes to the Financial Statements - continued
for the Period 1 July 2023 to 31 December 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
Classification
Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability on the balance sheet. The corresponding dividends relating to the liability component are charged as interest expenses in the profit and loss account.

Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those whose financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Impairment
Assets, other than those measured at fair value, are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss.

Taxation
Taxation for the period 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Angus Kyloe Partners Limited (Registered number: 09644379)

Notes to the Financial Statements - continued
for the Period 1 July 2023 to 31 December 2024


2. ACCOUNTING POLICIES - continued

Leases
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made 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.

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 or 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 65 (2023 - 62 ) .

4. INTANGIBLE FIXED ASSETS
Intellectual
property
£   
COST
Additions 42,851
At 31 December 2024 42,851
AMORTISATION
Amortisation for period 10,713
At 31 December 2024 10,713
NET BOOK VALUE
At 31 December 2024 32,138

Angus Kyloe Partners Limited (Registered number: 09644379)

Notes to the Financial Statements - continued
for the Period 1 July 2023 to 31 December 2024


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 423,767
Additions 22,948
Disposals (16,838 )
At 31 December 2024 429,877
DEPRECIATION
At 1 July 2023 322,315
Charge for period 53,163
Eliminated on disposal (16,310 )
At 31 December 2024 359,168
NET BOOK VALUE
At 31 December 2024 70,709
At 30 June 2023 101,452

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakin
£   
COST
At 1 July 2023
and 31 December 2024 1,489
NET BOOK VALUE
At 31 December 2024 1,489
At 30 June 2023 1,489

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 426,426 324,777
Amounts owed by group undertakings 157,583 101,714
Other debtors 1,080 1,080
Prepayments and accrued income 76,543 80,379
661,632 507,950

Angus Kyloe Partners Limited (Registered number: 09644379)

Notes to the Financial Statements - continued
for the Period 1 July 2023 to 31 December 2024


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 10,417
Trade creditors 29,231 68,135
Tax 152,304 92,314
Social security and other taxes 113,886 72,271
Outstanding defined
contribution pension costs 26,700 18,706
VAT 96,918 142,066
Other creditors 5,272 3,889
Deferred income 392,938 497,922
Accrued expenses 68,327 233,960
Deferred grants 3,072 3,072
888,648 1,142,752

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Deferred grants 7,168 11,775

10. LEASING AGREEMENTS

There are financial commitments not included in the balance sheet in respect of a long term rent commitment for the office premises of £345,000 (2023 - £435,000), which is leased from a related party, Custom House (Property) Limited.

There are also financial commitments not included in the balance sheet in respect of vehicle leases of £36,632 (2023 - £62,909).

11. SHARE FOR SHARE EXCHANGE

On 13 July 2023, all shareholders entered into an agreement to exchange their shares in Angus Kyloe Partners Limited for shares in Kyloe (Holdings) Ltd. Therefore, Angus Kyloe Partners Limited became a wholly owned subsidiary of Kyloe (Holdings) Ltd on that date.

12. DIVIDENDS

Dividends of £1,205,556 were paid to the parent company, Kyloe (Holdings) Ltd during the period. Of these, £1,203,556 were retained by Kyloe (Holdings) Ltd.