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REGISTERED NUMBER: 06144275 (England and Wales)















Kathrens Holdings Limited

Unaudited Financial Statements

for the Year Ended 30 June 2024






Kathrens Holdings Limited (Registered number: 06144275)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Kathrens Holdings Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: M D Kathrens
G Kathrens





REGISTERED OFFICE: K P L House
Pontshonnorton Road
Pontypridd
CF37 4NA





REGISTERED NUMBER: 06144275 (England and Wales)





ACCOUNTANTS: Xeinadin South Wales & West Limited
Accountants & Business Advisors
Highdale House
7 Centre Court
Treforest Industrial Estate
Pontypridd
Rhondda Cynon Taff
CF37 5YR

Kathrens Holdings Limited (Registered number: 06144275)

Statement of Financial Position
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Investments 5 391,592 391,592
Investment property 6 2,760,000 2,760,000
3,151,592 3,151,592

CURRENT ASSETS
Debtors 7 37,825 75,055
Cash at bank 2,363,947 1,855,269
2,401,772 1,930,324
CREDITORS
Amounts falling due within one year 8 967,514 634,571
NET CURRENT ASSETS 1,434,258 1,295,753
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,585,850

4,447,345

CREDITORS
Amounts falling due after more than one year 9 (60,922 ) (122,343 )

PROVISIONS FOR LIABILITIES (292,500 ) (92,500 )
NET ASSETS 4,232,428 4,232,502

CAPITAL AND RESERVES
Called up share capital 750,375 750,375
Other reserves 370,000 370,000
Retained earnings 3,112,053 3,112,127
SHAREHOLDERS' FUNDS 4,232,428 4,232,502

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Kathrens Holdings Limited (Registered number: 06144275)

Statement of Financial Position - continued
30 June 2024


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 31 January 2025 and were signed on its behalf by:





M D Kathrens - Director


Kathrens Holdings Limited (Registered number: 06144275)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Kathrens Holdings 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

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

Goodwill
Purchased goodwill is shown as an asset on the balance sheet and amortised on a straight line basis over 10 years. Where negative goodwill arises it is shown as a separate negative asset on the balance sheet and is credited to the profit and loss account (within operating income) on a straight line basis over 10 years.

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.

Investment property
Investment property is shown at the most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 year 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS

Goodwill has been amortised in full.

Kathrens Holdings Limited (Registered number: 06144275)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 July 2023
and 30 June 2024 391,592
NET BOOK VALUE
At 30 June 2024 391,592
At 30 June 2023 391,592

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023
and 30 June 2024 2,760,000
NET BOOK VALUE
At 30 June 2024 2,760,000
At 30 June 2023 2,760,000

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2016 28,010
Valuation in 2017 60,000
Valuation in 2023 310,000
Cost 2,361,990
2,760,000

If investment properties had not been revalued they would have been included at the following historical cost:

30.6.24 30.6.23
£    £   
Cost 2,390,000 2,390,000

Investment property was valued on and open market basis on 30 June 2024 by the directors .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Other debtors 37,825 75,055

Kathrens Holdings Limited (Registered number: 06144275)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Amounts owed to group undertakings 768,756 433,502
Taxation and social security 57,341 31,568
Other creditors 141,417 169,501
967,514 634,571

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.24 30.6.23
£    £   
Other creditors 60,922 122,343

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2024 and 30 June 2023:

30.6.24 30.6.23
£    £   
M D Kathrens
Balance outstanding at start of year 26,434 68,636
Amounts advanced 34,660 28,798
Amounts repaid (60,500 ) (71,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 594 26,434

G Kathrens
Balance outstanding at start of year 8,353 57,451
Amounts advanced 23,888 21,902
Amounts repaid (60,500 ) (71,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (28,259 ) 8,353

11. ULTIMATE CONTROLLING PARTY

The company is controlled by Mr G Kathrens, Mr MD Kathrens and Mrs N Powell who each own 32.99% of the issued share capital.