ACCOUNTS - Final Accounts preparation

KAEDE MANAGEMENT HOLDINGS LIMITED - Company Information

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Registered number: 11677442

KAEDE MANAGEMENT HOLDINGS LIMITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 NOVEMBER 2019

KAEDE MANAGEMENT HOLDINGS LIMITED

REGISTERED NUMBER: 11677442

BALANCE SHEET

AS AT 30 NOVEMBER 2019

		2019
Note		£

Fixed assets
Investments	4		733,039
			733,039
Current assets
Debtors: amounts falling due within one year	5	116,089
		116,089
Creditors: amounts falling due within one year	6	(168,013)
Net current (liabilities)/assets			(51,924)
Total assets less current liabilities			681,115
Creditors: amounts falling due after more than one year	7		(689,867)

Net (liabilities)/assets			(8,752)

Capital and reserves
Called up share capital			2
Profit and loss account			(8,754)
			(8,752)

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KAEDE MANAGEMENT HOLDINGS LIMITED

REGISTERED NUMBER: 11677442

BALANCE SHEET (CONTINUED)

AS AT 30 NOVEMBER 2019

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

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.

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 statement of income and retained earnings 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 by:

M R Sloan

Director

Date: 18 September 2020

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

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KAEDE MANAGEMENT HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 NOVEMBER 2019

1.	General information

The company is a private company limited by shares, which is incorporated under the Companies Act
2006 and registered in England & Wales (no. 11677442). The registered office 295 Birkenhead Road
Meols Wirral CH47 9RB.
These financial statements present information about the company as an individual undertaking. The
principal activity of the company is that of a holding company.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.3

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

2.5

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.

2.6

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.

2.7

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

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KAEDE MANAGEMENT HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 NOVEMBER 2019

Employees

The average monthly number of employees, including directors, during the period was 2.

4.	Fixed asset investments

		Unlisted investments
		£
	Cost or valuation
	Additions	733,039
	At 30 November 2019	733,039

Debtors

					2019
					£


	Amounts owed by group undertakings	116,089
		116,089

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KAEDE MANAGEMENT HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 NOVEMBER 2019

6.	Creditors: Amounts falling due within one year
		2019
		£

	Bank loans	37,979
	Other creditors	129,534
	Accruals and deferred income	500
		168,013

	The following liabilities were secured:
					2019
					£


	Bank loans	37,979
		37,979

Details of security provided:

The bank loans are secured by fixed and floating charges held against the assets of the company.

7.	Creditors: Amounts falling due after more than one year
		2019
		£

	Bank loans	689,867
		689,867

	The following liabilities were secured:
					2019
					£


	Bank loans	689,867
		689,867

Details of security provided:

The bank loans are secured by fixed and floating charges held against the assets of the company.

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KAEDE MANAGEMENT HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 NOVEMBER 2019

8.	Loans
	Analysis of the maturity of loans is given below:
		2019
		£

	Amounts falling due within one year
	Bank loans	37,979
	Amounts falling due 1-2 years
	Bank loans	37,979
	Amounts falling due 2-5 years
	Bank loans	113,936
	Amounts falling due after more than 5 years
	Bank loans	537,952
		727,846

9.	Financial instruments
		2019
		£

	Financial assets
	Financial assets measured at amortised cost	733,039

	Financial liabilities
	Financial liabilities measured at amortised cost	857,880

	Financial assets measured at amortised cost comprise of amounts owed from group undertakings.
	Financial liabilities measured at amortised cost comprise of bank loans, other creditors and accruals.

10.	Related party transactions
	Included in debtors is an amount of £116,089 from Kaede Management Limited, a subsidiary company. The loan is repayable on demand and no interest has been charged. Included in creditors is an amount of £104,534 owed to the directors. The loan is repayable on demand and no interest has been charged.

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KAEDE MANAGEMENT HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 NOVEMBER 2019

11.	Controlling party

The company is under the control of its directors.

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