Caseware UK (AP4) 2023.0.135 2023.0.135 2024-09-302024-09-30false2023-10-01falseThe principal activity of the company continued to be that of public relations and interior design consultancy and establishing licensing agreements for use of the "Kelly Hoppen" name.11truetrue 03432260 2023-10-01 2024-09-30 03432260 2022-10-01 2023-09-30 03432260 2024-09-30 03432260 2023-09-30 03432260 2022-10-01 03432260 c:Director1 2023-10-01 2024-09-30 03432260 d:Goodwill 2024-09-30 03432260 d:Goodwill 2023-09-30 03432260 d:CurrentFinancialInstruments 2024-09-30 03432260 d:CurrentFinancialInstruments 2023-09-30 03432260 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 03432260 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 03432260 d:ShareCapital 2024-09-30 03432260 d:ShareCapital 2023-09-30 03432260 d:ShareCapital 2022-10-01 03432260 d:RetainedEarningsAccumulatedLosses 2023-10-01 2024-09-30 03432260 d:RetainedEarningsAccumulatedLosses 2024-09-30 03432260 d:RetainedEarningsAccumulatedLosses 2022-10-01 2023-09-30 03432260 d:RetainedEarningsAccumulatedLosses 2023-09-30 03432260 d:RetainedEarningsAccumulatedLosses 2022-10-01 03432260 c:FRS102 2023-10-01 2024-09-30 03432260 c:Audited 2023-10-01 2024-09-30 03432260 c:FullAccounts 2023-10-01 2024-09-30 03432260 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 03432260 c:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 03432260 d:Goodwill d:OwnedIntangibleAssets 2023-10-01 2024-09-30 03432260 e:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure

Registered number: 03432260










KHI SERVICES LIMITED










FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
KHI SERVICES LIMITED
REGISTERED NUMBER: 03432260

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
87,000
101,500

  
87,000
101,500

Current assets
  

Debtors: amounts falling due within one year
 5 
690,290
527,090

Cash at bank and in hand
  
1,270,357
909,868

  
1,960,647
1,436,958

Creditors: amounts falling due within one year
 6 
(732,237)
(684,714)

Net current assets
  
 
 
1,228,410
 
 
752,244

Total assets less current liabilities
  
1,315,410
853,744

  

Net assets
  
1,315,410
853,744


Capital and reserves
  

Called up share capital 
  
101
101

Profit and loss account
  
1,315,309
853,643

  
1,315,410
853,744


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 on 17 April 2025.




K Hoppen CBE
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 1

 
KHI SERVICES LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 SEPTEMBER 2024


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 October 2022
101
1,150,066
1,150,167


Comprehensive income for the year

Profit for the year
-
291,577
291,577


Contributions by and distributions to owners

Dividends: Equity capital
-
(588,000)
(588,000)



At 1 October 2023
101
853,643
853,744


Comprehensive income for the year

Profit for the year
-
461,666
461,666


At 30 September 2024
101
1,315,309
1,315,410


The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
KHI SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

The company is a private company limited by shares and is incorporated in England and Wales. The address of the registered office is Unit 5, 3 Vencourt Place, London, W6 9NU.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Profit and loss account within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
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:

Page 3

 
KHI SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)


2.3
Revenue (continued)

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.

 
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

Intangible assets

Licences
Licences acquired by the company are stated at cost less accumulated amortisation. Amortisation is based on a useful economic life of 10 years and is provided on a straight line basis.

 
2.6

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.

 
2.7

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.
 
2.8

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.

Page 4

 
KHI SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.9

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.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

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 Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

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

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 5

 
KHI SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4.


Intangible assets




Licences

£



Cost


At 1 October 2023
645,000



At 30 September 2024

645,000



Amortisation


At 1 October 2023
543,500


Charge for the year on owned assets
14,500



At 30 September 2024

558,000



Net book value



At 30 September 2024
87,000



At 30 September 2023
101,500




5.


Debtors

2024
2023
£
£


Trade debtors
257,396
254,890

Other debtors
316,692
222,648

Prepayments and accrued income
116,202
49,552

690,290
527,090


Page 6

 
KHI SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
674
1,053

Corporation tax
154,642
83,560

Other taxation and social security
54,639
63,547

Accruals and deferred income
522,282
536,554

732,237
684,714



7.


Auditors' information

The auditors' report on the financial statements for the year ended 30 September 2024 was unqualified.

The audit report was signed on 17 April 2025 by David Pumfrey (FCA) (Senior statutory auditor) on behalf of Sumer Auditco Limited.

 
Page 7