| Kitchenmaster Hygiene Group Limited |
|
| Statement of Financial Position |
|
| 31 August 2025 |
|
|
|
Notes |
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Investments |
|
3 |
|
2,085,200 |
|
|
2,085,200 |
|
| Current assets |
| Debtors |
|
4 |
- |
|
|
433,338 |
| Cash at bank and in hand |
|
|
11,872 |
|
|
1,837 |
|
|
|
|
|
|
|
|
|
|
|
11,872 |
|
|
435,175 |
|
| Creditors: amounts falling due within one year |
5 |
(227,109) |
|
|
(536,466) |
|
| Net current liabilities |
|
|
|
(215,237) |
|
|
(101,291) |
|
|
|
|
|
|
|
|
|
| Total assets less current liabilities |
|
|
1,869,963 |
|
|
1,983,909 |
|
| Creditors: amounts falling due after more than one year |
6 |
|
(916,006) |
|
|
(1,252,230) |
|
|
|
|
|
|
|
|
|
| Net assets |
|
|
|
953,957 |
|
|
731,679 |
|
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
453,125 |
|
|
453,125 |
| Profit and loss account |
|
|
|
500,832 |
|
|
278,554 |
|
|
|
|
|
|
|
|
|
| Shareholders' funds |
|
|
|
953,957 |
|
|
731,679 |
|
|
|
|
|
|
|
|
|
| These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. |
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
|
| Directors' responsibilities: |
|
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
|
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
|
| These financial statements were approved by the board of directors and authorised for issue on 21 May 2026, and are signed on behalf of the board by: |
|
|
|
| Mr D J Roche |
| Director |
|
| Company registration number: NI685357 |
|
| Kitchenmaster Hygiene Group Limited |
|
| Notes to the Financial Statements |
|
| Year ended 31 August 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The financial statements have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. |
|
|
The financial statements are prepared in sterling, which is the functional currency of the entity. |
|
|
The company is exempt from the obligation to prepare and deliver group accounts. |
|
|
Investments |
|
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account. |
|
|
Financial instruments |
|
A financial asset or a financial liability is recognised only when the company 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. |
|
|
Provisions |
|
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
|
|
Foreign currency translation |
|
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss. |
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
- |
|
- |
|
|
| 3 |
Investments |
|
|
|
|
|
|
|
|
|
|
Investments in subsidiary undertakings |
| £ |
|
Cost |
|
At 1 September 2024 |
2,085,200 |
|
|
|
|
|
|
|
|
|
|
|
|
|
At 31 August 2025 |
2,085,200 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| 4 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
|
- |
|
433,338 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans and overdrafts |
204,424 |
|
204,400 |
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
|
- |
|
332,066 |
|
Accruals and deferred income |
22,685 |
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
227,109 |
|
536,466 |
|
|
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans |
916,006 |
|
1,252,230 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| 7 |
Security |
|
|
Bank of Ireland hold fixed and floating charges over the property or undertaking of the company. |
|
|
Charges registered following the year end: |
|
|
Panoramic SME Fund 3 LP acting through its General Partner Panoramic Growth Equity (Fund Management) LLP hold a floating charge over all the property or undertaking of the company). |
|
|
David Clarke, Greg Hamill, Ian David Victor Kerr, James Mairs, Conor McCullough, David Michael McCloy, Brian Arthur O'Kane, Ciaran Rafferty, Desmond John Roche, Binu Sivan, Colin John Stanley and Jacqualine Mary Walsh hold a fixed charge and a floating charge over all the property or undertaking of the company. |
|
| 8 |
Related party transactions |
|
|
Kitchenmaster (N.I.) Limited |
|
Kitchenmaster (N.I.) Limited is a wholly owned subsidiary of Kitchenmaster (Holdings) Limited, which in turn is a wholly owned subsidiary of Kitchenmaster Group Limited, which in turn is a wholly owned subsidiary of Kitchenmaster Hygiene Group Limited. |
|
|
At the balance sheet date Kitchenmaster Hygiene Group Limited owed Kitchenmaster (N.I.) Limited a total of £NIL (2024: £326,915). During the year Kitchenmaster (N.I.) Limited wrote off a total of £611,914. |
|
|
Kitchenmaster Group Limited |
|
Kitchenmaster Group Limited is a wholly owned subsidiary of Kitchenmaster Hygiene Group Limited. |
|
|
At the balance sheet date Kitchenmaster Group Limited owed Kitchenmaster Hygiene Group Limited a total of £NIL (2024: £433,338). During the year Kitchenmaster Hygiene Group Limited wrote off a total of £432,237. |
|
|
Kitchenmaster Detergents & Disinfectants Trading LLC |
|
Kitchenmaster Detergents & Disinfectants Trading LLC and Kitchenmaster Hygiene Group Limited are under common control. |
|
|
At the balance sheet date Kitchenmaster Hygiene Group Limited owed Kitchenmaster Detergents & Disinfectants LLC a total of £NIL (2024: £5,151). During the year Kitchenmaster Detergents & Disinfectants Trading LLC wrote off a total of £148,779. |
|
| 9 |
Controlling party |
|
|
The ultimate controlling party of Kitchenmaster Hygiene Group Limited is deemed to be Mr Colin Stanley by virtue of his 39% shareholding and directorship of Kitchenmaster Hygiene Group Limited. |
|
| 10 |
Other information |
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|
Kitchenmaster Hygiene Group Limited is a private company limited by shares and incorporated in Northern Ireland. Its registered office is: |
|
11 Comber Road |
|
Carryduff |
|
Belfast |
|
United Kingdom |
|
BT8 8AN |