Kingsbridge Group Limited - Accounts to registrar (filleted) - small 23.1.2
Kingsbridge Group Limited - Accounts to registrar (filleted) - small 23.1.2
REGISTERED NUMBER: |
Financial Statements for the Year Ended 31 December 2022 |
for |
Kingsbridge Group Limited |
Kingsbridge Group Limited (Registered number: 09948075) |
Contents of the Financial Statements |
for the Year Ended 31 December 2022 |
Page |
Company Information | 1 |
Abridged Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Kingsbridge Group Limited |
Company Information |
for the Year Ended 31 December 2022 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
Chartered Certified Accountants & |
Statutory Auditors |
48 Belle Vue Terrace |
Malvern |
Worcestershire |
WR14 4QG |
BANKERS: |
PO Box 412 |
62/63 Threadneedle Street |
London |
EC2R 8LA |
Kingsbridge Group Limited (Registered number: 09948075) |
Abridged Balance Sheet |
31 December 2022 |
31.12.22 | 31.12.21 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 4 |
CURRENT ASSETS |
Debtors |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Share premium |
Capital contribution |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
Kingsbridge Group Limited (Registered number: 09948075) |
Notes to the Financial Statements |
for the Year Ended 31 December 2022 |
1. | STATUTORY INFORMATION |
Kingsbridge Group Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Preparation of consolidated financial statements |
The financial statements contain information about Kingsbridge Group Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 401(2) of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertakings are included by full consolidation in the consolidated financial statements of its holding company White Mountains Insurance Group Limited, Hanover, New Hampshire, USA. |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
Financial instruments |
Basic financial instruments are recognised at amortised cost. |
Non-basic financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in the profit and loss. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
Going concern |
The Directors are required to prepare the statutory financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business. In satisfaction of this responsibility the Directors have also considered the Company’s ability to meet its liabilities as they fall due. |
The Directors have therefore reviewed the current and future financial position of the Company, its cash flows, and its liquidity position. |
The Directors were confident that the existing reserves and support from external facilities will provide sufficient headroom to meet the forecast cash requirements. As such, the Directors consider that it is appropriate to prepare the financial statements on the going concern basis. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2021 - NIL). |
Kingsbridge Group Limited (Registered number: 09948075) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2022 |
4. | FIXED ASSET INVESTMENTS |
Information on investments other than loans is as follows: |
Totals |
£ |
COST |
At 1 January 2022 |
and 31 December 2022 | 1 |
NET BOOK VALUE |
At 31 December 2022 | 1 |
At 31 December 2021 | 1 |
5. | SECURED DEBTS |
JPMorgan Chase Bank currently hold a fixed and floating charge over the assets and undertakings of the Company. The charge was created on the 28th October 2022 and delivered on the 7th November 2022. |
Ares Capital Corporation fixed and floating charge over the assets and undertakings of the Company was satisfied on 2 August 2022. |
6. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
7. | RELATED PARTY DISCLOSURES |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
8. | ULTIMATE CONTROLLING PARTY |
The controlling party is NSM UK Holdings Limited owning 100% of the shares. |
There is no ultimate controlling party. |