COMPANY REGISTRATION NUMBER:
11179063
|
Filleted Financial Statements |
|
|
For the Period from 1 January 2024 to |
|
|
Statement of Financial Position |
|
31 March 2025
|
31 Mar 25 |
31 Dec 23 |
|
Note |
£ |
£ |
|
|
|
Fixed assets
|
Investments |
4 |
2,303,404 |
2,303,404 |
|
|
|
|
Current assets
|
Debtors |
5 |
9,475 |
9,975 |
|
Cash at bank and in hand |
4,243 |
2,168 |
|
-------- |
-------- |
|
13,718 |
12,143 |
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|
|
|
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Creditors: amounts falling due within one year |
6 |
(
18,795) |
(
11,825) |
|
-------- |
-------- |
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Net current (liabilities)/assets |
(
5,077) |
318 |
|
------------ |
------------ |
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Total assets less current liabilities |
2,298,327 |
2,303,722 |
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------------ |
------------ |
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Net assets |
2,298,327 |
2,303,722 |
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------------ |
------------ |
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|
|
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Capital and reserves
|
Called up share capital |
1 |
1 |
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Profit and loss account |
2,298,326 |
2,303,721 |
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------------ |
------------ |
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Shareholders funds |
2,298,327 |
2,303,722 |
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------------ |
------------ |
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These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
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 were approved by the
board of directors
and authorised for issue on
29 April 2026
, and are signed on behalf of the board by:
Company registration number:
11179063
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Notes to the Financial Statements |
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Period from 1 January 2024 to 31 March 2025
1.
General Information
The company is a private company limited by shares, registered in England and Wales. On 4th November 2024 the registered office changed from 83B High Street Gillingham, Kent, ME7 1BL to Kingdom House, Woodlands Park, Ashton Road, Newton-Le-Willows, WA12 0HF.
2.
Statement of Compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting Policies
Basis of Preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
The company was, at the end of the period, a wholly owned subsidiary of Kingdom Services Group Limited incorporated in the UK and in accordance with section 400 of the Companies Act 2006, is not required to produce, and has not published, consolidated accounts.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Financial Instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4.
Investments
|
Shares in group undertakings |
|
£ |
|
Cost |
|
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At 1 January 2024 and 31 March 2025 |
2,303,404 |
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------------ |
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Impairment |
|
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At 1 January 2024 and 31 March 2025 |
– |
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------------ |
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|
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Carrying amount |
|
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At 31 March 2025 |
2,303,404 |
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------------ |
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At 31 December 2023 |
2,303,404 |
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------------ |
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Details of undertakings
Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:
MC Personnel Limited - Registered Office: Kingdom House, Woodlands Park, Ashton Road, Newton-Le-Willows, WA12 0HF, England.
Holding: Ordinary shares 100%.
The principal activity of MC Personnel Limited is recruitment.
5.
Debtors
|
31 Mar 25 |
31 Dec 23 |
|
£ |
£ |
|
Other debtors |
9,475 |
9,975 |
|
------- |
------- |
|
|
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6.
Creditors:
amounts falling due within one year
|
31 Mar 25 |
31 Dec 23 |
|
£ |
£ |
|
Amounts owed to group undertakings |
17,505 |
11,200 |
|
Accruals and deferred income |
1,250 |
625 |
|
Corporation tax |
40 |
– |
|
-------- |
-------- |
|
18,795 |
11,825 |
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-------- |
-------- |
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|
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7.
Events after the End of the Reporting Period
On 25 September 2025, the company entered into a separate security agreement, in relation to the lending facilities, creating fixed and floating charges over its assets: - a debenture agreement with HSBC UK Bank PLC, acting as security agent, registered with Companies House on 26 September 2025. This floating charge covers all property or undertaking of the company and includes a negative pledge restricting further security creation over the company's assets. During the period an asset debenture was entered into with Close Brothers Limited, acting as security agent, and this was registered with Companies House on 30 October 2024. On 8 October 2025 Close Brothers Limited released the security previously held over the company's assets and the charge was satisfied on Companies House. These transactions occurred after the reporting date and before the financial statements were authorised for issue, and have not resulted in any adjustments to the financial statements for the current year.
8.
Summary Audit Opinion
The auditor's report dated
29 April 2026
was
unqualified
.
The senior statutory auditor was
Iain Round BSc FCA
, for and on behalf of
Menzies LLP
.
9.
Directors' Advances, Credits and Guarantees
During the period the directors entered into the following advances and credits with the company:
|
Balance brought forward and outstanding |
|
31 Mar 25 |
31 Dec 23 |
|
£ |
£ |
|
C J Rayner |
– |
7,150 |
|
---- |
------- |
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The above loan is unsecured, interest free and repayable on demand.
10.
Related Party Transactions
The company is a wholly owned subsidiary of Kingdom Services Group Limited. The company has taken advantage of the exemption in FRS102 Section 33.1A from disclosing transactions or balances with entities which form part of the group.
11.
Controlling Party
The company was under the control of
C J Rayner
until 29 October 2024 when the entire share capital was acquired by Kingdom Services Group Limited. Following the acquisition, the ultimate parent company is Kingdom Services Group Limited, a company incorporated in England and Wales and whose registered office is Kingdom House, Ashton Road, Newton Le-Willows, WA12 0HF. The largest and smallest group in which the results of the company are consolidated is that headed by Kingdom Services Group Limited. The consolidated financial statements are available to the public and may be obtained from Companies House. The directors consider the ultimate controlling party to be T Barton
.