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REGISTERED NUMBER: 10263579 (England and Wales)















KW MERCHANDISE LIMITED

Unaudited Financial Statements

for the Period 1 January 2022 to 31 March 2023






KW MERCHANDISE LIMITED (REGISTERED NUMBER: 10263579)






Contents of the Financial Statements
for the Period 1 January 2022 to 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


KW MERCHANDISE LIMITED

Company Information
for the Period 1 January 2022 to 31 March 2023







DIRECTORS: C Kondal
S M Ward





REGISTERED OFFICE: The Counting House
Charlotte Street
Birmingham
West Midlands,
B3 1PX





REGISTERED NUMBER: 10263579 (England and Wales)





ACCOUNTANTS: Michael Dufty Partnership Limited
59-61 Charlotte Street
St Pauls Square
Birmingham
West Midlands
B3 1PX

KW MERCHANDISE LIMITED (REGISTERED NUMBER: 10263579)

Balance Sheet
31 March 2023

2023 2021
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 19,870 23,844
Investments 5 2,440 2,440
22,310 26,284

CURRENT ASSETS
Debtors 6 682,215 695,695
Cash at bank and in hand 338 353
682,553 696,048
CREDITORS
Amounts falling due within one year 7 135,500 188,281
NET CURRENT ASSETS 547,053 507,767
TOTAL ASSETS LESS CURRENT
LIABILITIES

569,363

534,051

CAPITAL AND RESERVES
Called up share capital 8 1,100 1,100
Retained earnings 568,263 532,951
SHAREHOLDERS' FUNDS 569,363 534,051

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2023 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.

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

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 1 December 2023 and were signed on its behalf by:




S M Ward - Director


KW MERCHANDISE LIMITED (REGISTERED NUMBER: 10263579)

Notes to the Financial Statements
for the Period 1 January 2022 to 31 March 2023

1. STATUTORY INFORMATION

Kw Merchandise Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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


2. ACCOUNTING POLICIES

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

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 ten years.

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

Taxation
Taxation for the period 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2021 - NIL).

KW MERCHANDISE LIMITED (REGISTERED NUMBER: 10263579)

Notes to the Financial Statements - continued
for the Period 1 January 2022 to 31 March 2023

4. INTANGIBLE FIXED ASSETS
Development
costs
£   
COST
At 1 January 2022
and 31 March 2023 39,740
AMORTISATION
At 1 January 2022 15,896
Amortisation for period 3,974
At 31 March 2023 19,870
NET BOOK VALUE
At 31 March 2023 19,870
At 31 December 2021 23,844

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2022
and 31 March 2023 2,440
NET BOOK VALUE
At 31 March 2023 2,440
At 31 December 2021 2,440

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2021
£    £   
Amounts owed by group undertakings - 399,695
Amounts owed by related party 682,215 296,000
682,215 695,695

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2021
£    £   
Amounts owed to group undertakings 36,833 -
Directors' current accounts 98,667 188,281
135,500 188,281

KW MERCHANDISE LIMITED (REGISTERED NUMBER: 10263579)

Notes to the Financial Statements - continued
for the Period 1 January 2022 to 31 March 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2021
value: £    £   
1,100 Ordinary £1 1,100 1,100

9. RELATED PARTY DISCLOSURES

At the balance sheet date the company was owed £413,561 (£2021: £296,000) by Bespin Property Ltd, a company with common ownership.

At the balance sheet date the company was owed £268,654 (£2021: £0) by Stourdale Property Ltd, a company with common ownership.

At the balance sheet date the company owed £36,833 (2021: £-399,695) to Merchoid Limited, which is a subsidiary company.