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REGISTERED NUMBER: 05360918 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2023

for

KHH Limited

KHH Limited (Registered number: 05360918)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Abridged Balance Sheet 1

Notes to the Financial Statements 3


KHH Limited (Registered number: 05360918)

Abridged Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 400,000 400,000

CURRENT ASSETS
Debtors 27,403 19,141
Cash at bank 2,503 3,764
29,906 22,905
CREDITORS
Amounts falling due within one year 4,674 10,240
NET CURRENT ASSETS 25,232 12,665
TOTAL ASSETS LESS CURRENT
LIABILITIES

425,232

412,665

CREDITORS
Amounts falling due after more than one
year

(222,810

)

(165,855

)

PROVISIONS FOR LIABILITIES 5 - (3,841 )
NET ASSETS 202,422 242,969

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 202,420 242,967
SHAREHOLDERS' FUNDS 202,422 242,969

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

KHH Limited (Registered number: 05360918)

Abridged Balance Sheet - continued
31 August 2023


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 year ended 31 August 2023 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 director and authorised for issue on 6 March 2024 and were signed by:





Mr L Lawson-O'Neil - Director


KHH Limited (Registered number: 05360918)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

KHH Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 05360918

Registered office: Eat Work Art
Hackney Downs Studios
Amhurst Terrace
London
E8 2BT

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.

Investment property
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

Where fair value cannot be achieved without undue cost or effort, investment property is accounted for as tangible fixed assets.

Taxation
Taxation for the year 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 year 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 year was 1 (2022 - 1 ) .

KHH Limited (Registered number: 05360918)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2022
and 31 August 2023 400,000
NET BOOK VALUE
At 31 August 2023 400,000
At 31 August 2022 400,000

Investment property comprises freehold property. The fair value of the investment property has been arrived at on the basis of a valuation carried out at 31 August 2023 by the director. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

5. PROVISIONS FOR LIABILITIES
31.8.22
£   
Deferred tax 3,841

Deferred
tax
£   
Balance at 1 September 2022 3,841
Trading losses carried forward (11,035 )
Revaluation of assets
Balance at 31 August 2023 (7,194 )

6. RELATED PARTY DISCLOSURES

Included in Creditors: amounts falling due after more than one year is an amount of £193,368 (2022: £149,515) in respect of a loan owed to the immediate parent company, Eat Work Art Limited. The loan is not expected to be repaid until such time that the company has resources available to repay the loan.

Included in Creditors: amounts falling due after more than one year is an amount of £385 (2022: £385) in respect of a loan owed to Holetown Limited, a company within the group of companies ultimately controlled by Creative Network Partners Limited. The loan is not expected to be repaid until such time that the company has resources available to repay the loan.

Included in Creditors: amounts falling due after more than one year is an amount of £29,057 (2022: £15,955) in respect of a loan owed to Creative Network Communications Ltd, a company within the group of companies ultimately controlled by Creative Network Partners Limited. The loan is not expected to be repaid until such time that the company has resources available to repay the loan.

7. ULTIMATE CONTROLLING PARTY

The controlling party is Creative Network Partners Ltd.