Registration number:
Kinwood Holdings Limited
for the Period from 19 January 2022 to 28 February 2023
Pages for filing with Registrar
Kinwood Holdings Limited
Contents
Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Kinwood Holdings Limited
Company Information
Directors |
A J S Hoare T W S Webb |
Registered office |
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Registered number |
13858982 |
Accountants |
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Kinwood Holdings Limited
(Registration number: 13858982)
Balance Sheet as at 28 February 2023
Note |
2023 |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Total equity |
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Kinwood Holdings Limited
(Registration number: 13858982)
Balance Sheet as at 28 February 2023
For the financial period ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised for issue by the
Director
Director
Kinwood Holdings Limited
Notes to the Unaudited Financial Statements for the Period from 19 January 2022 to 28 February 2023
Statutory information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
United Kingdom
Accounting policies |
Summary of significant accounting policies
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention.
The financial statements are prepared in pounds sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
Going concern
The directors intend to strike off the company and therefore do not consider it to be appropriate to adopt the going concern basis of accounting in preparing the financial statements. Accordingly the financial statements have been prepared on a break up basis.
Revenue recognition
All income is recognised once the company has entitlement to the income, it is probable that the Income will be received and the amount of the income receivable can be measured reliably. Income comprises rental and service charge income from tenants receivable in the year.
Tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date.
Kinwood Holdings Limited
Notes to the Unaudited Financial Statements for the Period from 19 January 2022 to 28 February 2023
Investment property
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the
cash or other resources received or receivable, net of the direct costs of issuing the equity
instruments.
Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
Staff numbers |
The average number of persons employed by the company (including directors) during the period, was
Investment properties |
2023 |
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Additions |
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Disposals |
( |
At 28 February |
- |
Creditors |
2023 |
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Amounts falling due within one year |
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Corporation tax |
157,588 |
Kinwood Holdings Limited
Notes to the Unaudited Financial Statements for the Period from 19 January 2022 to 28 February 2023
Share capital |
Allotted, called up and fully paid shares
2023 |
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No. |
£ |
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1,000 |
Related party transactions |
During the year, the company paid management fees and a profit share to Driftwood Capital Limited, a company controlled by a director. The total amounts paid for the services provided by Driftwood Capital Limited totalled £281,366.
Loans from related parties
2023 |
Other related parties |
Total |
Advanced |
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Repaid |
( |
( |
At end of period |
- |
- |
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Terms of loans from related parties