Company registration number 15400814 (England and Wales)
KMH GROUP HOLDINGS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2024
PAGES FOR FILING WITH REGISTRAR
KMH GROUP HOLDINGS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
KMH GROUP HOLDINGS LIMITED
BALANCE SHEET
AS AT
30 APRIL 2024
30 April 2024
- 1 -
2024
Notes
£
£
Fixed assets
Investments
3
2,641,806
Current assets
Cash at bank and in hand
100
Creditors: amounts falling due within one year
4
(301,560)
Net current liabilities
(301,460)
Total assets less current liabilities
2,340,346
Creditors: amounts falling due after more than one year
5
(2,340,246)
Net assets
100
Capital and reserves
Called up share capital
100
For the financial period ended 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.
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.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on 27 January 2025 and are signed on its behalf by:
Mr R McDermott
Mr B Merchant
Director
Director
Company registration number 15400814 (England and Wales)
KMH GROUP HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2024
- 2 -
1
Accounting policies
Company information
KMH Group Holdings Limited is a private company limited by shares incorporated in England and Wales. The registered office is 9 Britannia Business Park, Quarry Wood Industrial Estate, Aylesford, Maidstone, Kent, ME20 7NT.
1.1
Reporting period
The company is reporting a period of shorter than 12 months as this is the first accounting period since incorporation and to align the year end with the subsidiary company.
1.2
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.
1.3
Fixed asset investments
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
1.4
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
KMH GROUP HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 APRIL 2024
- 3 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the period was:
2024
Number
Total
3
Fixed asset investments
2024
£
Shares in group undertakings and participating interests
2,641,806
Movements in fixed asset investments
Shares in subsidiaries
£
Cost or valuation
At 9 January 2024
-
Additions
2,641,806
At 30 April 2024
2,641,806
Carrying amount
At 30 April 2024
2,641,806
The investment in the subsidiary was acquired as part of the management buyout process.
4
Creditors: amounts falling due within one year
2024
£
Amounts owed to group undertakings
109,560
Other creditors
192,000
301,560
The amounts owed to group undertakings are interest free, with no security, and no fixed repayment terms.
5
Creditors: amounts falling due after more than one year
2024
£
Other creditors
2,340,246
KMH GROUP HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 APRIL 2024
- 4 -
6
Related party transactions
2024
Amounts due to related parties
£
Entities over which the entity has control, joint control or significant influence
109,560