IRIS Accounts Production v23.3.1.45 08463849 Board of Directors 1.1.21 30.12.21 30.12.21 true false false false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure084638492020-12-31084638492021-12-30084638492021-01-012021-12-30084638492019-12-29084638492019-12-302020-12-31084638492020-12-3108463849ns16:EnglandWales2021-01-012021-12-3008463849ns15:PoundSterling2021-01-012021-12-3008463849ns11:Director12021-01-012021-12-3008463849ns11:PrivateLimitedCompanyLtd2021-01-012021-12-3008463849ns11:SmallEntities2021-01-012021-12-3008463849ns11:AuditExempt-NoAccountantsReport2021-01-012021-12-3008463849ns11:SmallCompaniesRegimeForDirectorsReport2021-01-012021-12-3008463849ns11:SmallCompaniesRegimeForAccounts2021-01-012021-12-3008463849ns11:AbridgedAccounts2021-01-012021-12-300846384912021-01-012021-12-3008463849ns11:OrdinaryShareClass12021-01-012021-12-3008463849ns11:Director22021-01-012021-12-3008463849ns11:RegisteredOffice2021-01-012021-12-3008463849ns6:CurrentFinancialInstruments2021-12-3008463849ns6:CurrentFinancialInstruments2020-12-3108463849ns6:ShareCapital2021-12-3008463849ns6:ShareCapital2020-12-3108463849ns6:RetainedEarningsAccumulatedLosses2021-12-3008463849ns6:RetainedEarningsAccumulatedLosses2020-12-3108463849ns6:IntangibleAssetsOtherThanGoodwill2021-01-012021-12-3008463849ns6:DevelopmentCostsCapitalisedDevelopmentExpenditure2021-01-012021-12-3008463849ns6:ComputerEquipment2021-01-012021-12-3008463849ns6:Subsidiary12021-01-012021-12-30084638491ns6:Subsidiary12021-01-012021-12-3008463849ns11:OrdinaryShareClass12021-12-3008463849ns6:RetainedEarningsAccumulatedLosses2020-12-3108463849ns6:RetainedEarningsAccumulatedLosses2021-01-012021-12-30
REGISTERED NUMBER: 08463849 (England and Wales)














ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 JANUARY 2021 TO 30 DECEMBER 2021

FOR

KIWI FIVE LTD

KIWI FIVE LTD (REGISTERED NUMBER: 08463849)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JANUARY 2021 TO 30 DECEMBER 2021










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


KIWI FIVE LTD

COMPANY INFORMATION
FOR THE PERIOD 1 JANUARY 2021 TO 30 DECEMBER 2021







DIRECTORS: Mrs Beatriz Salomao Sevico
Mr Andrea Cesarini





REGISTERED OFFICE: c/o Michael Filiou Ltd
Salisbury House
81 High Street
Potters Bar
Hertfordshire
EN6 5AS





REGISTERED NUMBER: 08463849 (England and Wales)





ACCOUNTANTS: Michael Filiou Ltd
Chartered Certified Accountants
www.michaelfiliou.com
Salisbury House
81 High Street
Potters Bar
Hertfordshire
EN6 5AS

KIWI FIVE LTD (REGISTERED NUMBER: 08463849)

ABRIDGED BALANCE SHEET
30 DECEMBER 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 144,454 63,125
Tangible assets 6 452 602
Investments 7 1,895 1,895
146,801 65,622

CURRENT ASSETS
Cash at bank - 30

CREDITORS
Amounts falling due within one year 378,139 234,227
NET CURRENT LIABILITIES (378,139 ) (234,197 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(231,338

)

(168,575

)

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings 9 (232,338 ) (169,575 )
SHAREHOLDERS' FUNDS (231,338 ) (168,575 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 December 2021.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 December 2021 in accordance with Section 476 of the Companies Act 2006.

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.

KIWI FIVE LTD (REGISTERED NUMBER: 08463849)

ABRIDGED BALANCE SHEET - continued
30 DECEMBER 2021


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the period ended 30 December 2021 in accordance with Section 444(2A) of the Companies Act 2006.

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 17 November 2023 and were signed on its behalf by:





Mr Andrea Cesarini - Director


KIWI FIVE LTD (REGISTERED NUMBER: 08463849)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JANUARY 2021 TO 30 DECEMBER 2021


1. STATUTORY INFORMATION

Kiwi Five Ltd, is private company, limited by shares, registered in England and Wales. The company's registered number is 08463849 and registered office address is C/O Michael Filiou Ltd, Salisbury House, 81 High Street, Potters Bar, Hertfordshire EN6 5AS.

The presentation currency of the financial statements is the Pound Sterling (£).

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements
The financial statements contain information about Kiwi Five Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
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. Transactions which occured during the year with related parties were at an arm's length.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of four years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

KIWI FIVE LTD (REGISTERED NUMBER: 08463849)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2021 TO 30 DECEMBER 2021


4. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2020 - 2 ) .

5. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2021 144,868
Additions 119,007
At 30 December 2021 263,875
AMORTISATION
At 1 January 2021 81,743
Amortisation for period 37,678
At 30 December 2021 119,421
NET BOOK VALUE

At 30 December 2021 144,454
At 31 December 2020 63,125

6. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2021
and 30 December 2021 3,383
DEPRECIATION
At 1 January 2021 2,781
Charge for period 150
At 30 December 2021 2,931
NET BOOK VALUE
At 30 December 2021 452
At 31 December 2020 602

KIWI FIVE LTD (REGISTERED NUMBER: 08463849)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2021 TO 30 DECEMBER 2021


7. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 January 2021
and 30 December 2021 1,895
NET BOOK VALUE
At 30 December 2021 1,895
At 31 December 2020 1,895

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Kiwi Five Italy S.r.l
Registered office: Via Dei Cardi 1, Ariccia, Roma, 00072, Italy
Nature of business: Computer Consultancy
%
Class of shares: holding
Ordinary 85.00

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2021 2020
value: £    £   
1,000 Ordinary 1 1,000 1,000

9. RESERVES
Retained
earnings
£   

At 1 January 2021 (169,575 )
Deficit for the period (62,763 )
At 30 December 2021 (232,338 )

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mr Andrea Cesarini.

The director Mr Andrea Cesarini is considered to be the ultimate controlling party by virtue of the fact he owns 100% of the issued share capital.