We present the analysis of ultraviolet and optical spectra of KPD 0005+5106. Redetermination of the atmospheric parameters is necessary because the recent discovery of highly ionised metals (Ne VIII, Ca X) indicates that the effective temperature is significantly higher than previously thought. Here we announce the discovery of lines from highly ionised silicon, sulphur, and iron (Si VII, S VII, Fe X) which were never found before in any stellar photosphere. Our analysis of these lines and those from helium and several other metals gives Teff = 200 000 ± 20 000 K, log g = 6.7 ± 0.3. Mass and luminosity follow from a comparison with evolutionary tracks: M = 0.64 M_⊙ and log L/L_⊙ = 3.7, so that, strictly speaking, the star is a helium-burning pre-white dwarf. The mass fractions of the metals in the helium-dominated atmosphere are in the range 0.7-4.3 solar. Hydrogen is not detectable and we derive an upper abundance limit of 0.034 solar. This abundance pattern is probably unaffected by gravitational settling and radiative levitation. Its origin lies in previous evolutionary stages. We discuss the link of KPD 0005+5106 to RCrB stars and the possibility that it results from a double-degenerate merger event.Based on observations made with the NASA-CNES-CSA Far Ultraviolet Spectroscopic Explorer. FUSE was operated for NASA by the Johns Hopkins University under NASA contract NAS5-32985.