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Unaudited Financial Statements |
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for the Year Ended 31 May 2022 |
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for |
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Kate + Co Holdings Limited |
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Unaudited Financial Statements |
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for the Year Ended 31 May 2022 |
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for |
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Kate + Co Holdings Limited |
Kate + Co Holdings Limited (Registered number: 11093286) |
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Contents of the Financial Statements |
for the Year Ended 31 May 2022 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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Chartered Accountants' Report | 6 |
Kate + Co Holdings Limited |
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Company Information |
for the Year Ended 31 May 2022 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Hanover Court |
5 Queen Street |
Lichfield |
Staffordshire |
WS13 6QD |
Kate + Co Holdings Limited (Registered number: 11093286) |
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Balance Sheet |
31 May 2022 |
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2022 | 2021 |
Notes | £ | £ |
FIXED ASSETS |
Investments | 5 |
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CURRENT ASSETS |
Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 6 | ( |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 7 |
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Capital redemption reserve | 8 |
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Retained earnings | 8 |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
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In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
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Kate + Co Holdings Limited (Registered number: 11093286) |
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Notes to the Financial Statements |
for the Year Ended 31 May 2022 |
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1. | STATUTORY INFORMATION |
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Kate + Co Holdings Limited is a
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | STATEMENT OF COMPLIANCE |
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3. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
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4. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was NIL (2021 - NIL). |
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5. | FIXED ASSET INVESTMENTS |
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Shares in
group undertakings |
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COST |
At 1 June 2021 |
and 31 May 2022 | 353,874 |
NET BOOK VALUE |
At 31 May 2022 | 353,874 |
At 31 May 2021 | 353,874 |
The company's investment at the balance sheet date in the share capital of the companies include the following: |
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Kate + Co Limited |
Registered office: England |
Nature of business: Recruitment |
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Class of shares: | % holding |
Ordinary A | 100.00 |
Ordinary B | 100.00 |
Ordinary C | 100.00 |
2022 | 2021 |
£ | £ |
Aggregate capital and reserves | 273,300 | 91,297 |
Profit for the year | 291,752 | 32,426 |
Kate + Co Holdings Limited (Registered number: 11093286) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 May 2022 |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Other creditors |
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7. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2022 | 2021 |
value: | £ | £ |
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B Ordinary | £1 | 60 | 60 |
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C Ordinary | £1 | 30 | 30 |
90 | 90 |
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8. | RESERVES |
Capital |
Retained | redemption |
earnings | reserve | Totals |
£ | £ | £ |
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At 1 June 2021 |
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7,069 |
Profit for the year |
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Dividends | ( |
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At 31 May 2022 |
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10,590 |
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9. | RELATED PARTY DISCLOSURES |
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Kate + Co Limited |
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A wholly owned subsidiary |
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In the year Kate + Co Holdings Limited received dividends of £109,749 (2021 - £49,800) from Kate + Co Limited. |
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The amount owed to Kate + Co Limited is unsecured and has no specific terms regarding payment of interest. The amount due is repayable on demand but the directors have given their assurance that the amount will not be demanded until such time as Kate + Co Holdings Limited can afford to do so without detriment to its operating and working capital requirements. |
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2022 | 2021 |
£ | £ |
Amount due to related party at the balance sheet date | 411,987 | 388,248 |
Kate + Co Holdings Limited (Registered number: 11093286) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 May 2022 |
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9. | RELATED PARTY DISCLOSURES - continued |
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Kate & Co (UK) Limited |
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A company in which Miss J Callaghan and Mrs S Stocks are directors |
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The amount owed to Kate & Co (UK) Limited is unsecured and has no specific terms regarding payment of interest. The amount due is repayable on demand but the directors have given their assurance that the amount will not be demanded until such time as Kate + Co Holdings Limited can afford to do so without detriment to its operating and working capital requirements. |
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2022 | 2021 |
£ | £ |
Amount due to related party at the balance sheet date | - | 26,000 |
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Transaction with directors |
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Dividends paid to directors £103,219 (2021 - £47,980) |
Chartered Accountants' Report to the Board of Directors |
on the Unaudited Financial Statements of |
Kate + Co Holdings Limited |
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The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies. |
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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Kate + Co Holdings Limited for the year ended 31 May 2022 which comprise the Profit and Loss Account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us. |
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As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
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This report is made solely to the Board of Directors of Kate + Co Holdings Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Kate + Co Holdings Limited and state those matters that we have agreed to state to the Board of Directors of Kate + Co Holdings Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Kate + Co Holdings Limited and its Board of Directors, as a body, for our work or for this report. |
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It is your duty to ensure that Kate + Co Holdings Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Kate + Co Holdings Limited. You consider that Kate + Co Holdings Limited is exempt from the statutory audit requirement for the year. |
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We have not been instructed to carry out an audit or a review of the financial statements of Kate + Co Holdings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
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Hanover Court |
5 Queen Street |
Lichfield |
Staffordshire |
WS13 6QD |
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