Caseware UK (AP4) 2023.0.135 2023.0.135 2023-04-052023-04-05313607302022-06-01falseRental of investment property2falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13849195 2022-05-31 13849195 2022-06-01 2023-04-05 13849195 2021-01-14 2022-05-31 13849195 2023-04-05 13849195 c:Director1 2022-06-01 2023-04-05 13849195 d:FreeholdInvestmentProperty 2022-06-01 2023-04-05 13849195 d:FreeholdInvestmentProperty 2023-04-05 13849195 d:LeaseholdInvestmentProperty 2022-06-01 2023-04-05 13849195 d:LeaseholdInvestmentProperty 2023-04-05 13849195 d:CurrentFinancialInstruments 2023-04-05 13849195 d:Non-currentFinancialInstruments 2023-04-05 13849195 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-05 13849195 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-05 13849195 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-04-05 13849195 d:ShareCapital 2023-04-05 13849195 d:RetainedEarningsAccumulatedLosses 2023-04-05 13849195 c:OrdinaryShareClass1 2022-06-01 2023-04-05 13849195 c:OrdinaryShareClass1 2023-04-05 13849195 c:FRS102 2022-06-01 2023-04-05 13849195 c:AuditExempt-NoAccountantsReport 2022-06-01 2023-04-05 13849195 c:FullAccounts 2022-06-01 2023-04-05 13849195 c:PrivateLimitedCompanyLtd 2022-06-01 2023-04-05 13849195 2 2022-06-01 2023-04-05 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 13849195














KELDAIRE INVESTMENT (UK) LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 5 APRIL 2023

 
KELDAIRE INVESTMENT (UK) LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
1 - 2
Notes to the Financial Statements
 
3 - 6


 
KELDAIRE INVESTMENT (UK) LIMITED
REGISTERED NUMBER:13849195

STATEMENT OF FINANCIAL POSITION
AS AT 5 APRIL 2023

2023
Note
£

Fixed assets
  

Investment property
 4 
15,680,365

Current assets
  

Debtors: amounts falling due within one year
 5 
1,056,049

Cash at bank and in hand
  
31

  
1,056,080

Current liabilities
  

Creditors: amounts falling due within one year
 6 
(11,866,145)

Net current liabilities
  
 
 
(10,810,065)

Total assets less current liabilities
  
4,870,300

Creditors: amounts falling due after more than one year
 7 
(4,900,000)

Net liabilities
  
(29,700)


Capital and reserves
  

Called up share capital 
 9 
100

Profit and loss account
  
(29,800)

  
(29,700)


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

Page 1

 
KELDAIRE INVESTMENT (UK) LIMITED
REGISTERED NUMBER:13849195
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 5 APRIL 2023

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 14 March 2024.




S R Khan
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
KELDAIRE INVESTMENT (UK) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 5 APRIL 2023

1.


General information

Keldaire Investment (UK)  Limited is a private limited liability company incorporated in England and Wales with its registered office address at 9 Pebworth Road, Harrow, Middlesex, HA1 3UB.
The company was incorporated on 14 January 2022 and commenced activity on 13 June 2022. The principal activity of the Company is that of property investment.
The Company's functional and presentational currency is £ Sterling

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover comprises rents receivable excluding value added tax. 
Rental income is recognised in the period to which it relates. Rental income received in advance is carried forward as deferred income. 

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
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 in the countries where the Company operates and generates income.

Page 3

 
KELDAIRE INVESTMENT (UK) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 5 APRIL 2023

2.Accounting policies (continued)

 
2.7

Investment property

Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.8

Debtors

Short term debtors are measured at transaction price.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short term creditors are measured at the transaction price.

 
2.11

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks, loans to related parties and investments in ordinary shares.


3.


Employees



The average monthly number of employees, including directors, during the period was 2.


4.


Investment property


Freehold investment property
Long term leasehold investment property
Total

£
£
£



Valuation


Additions at cost
9,238,750
6,441,615
15,680,365



At 5 April 2023
9,238,750
6,441,615
15,680,365

The 2023 valuations were made by the directors, on an open market value for existing use basis.




Page 4

 
KELDAIRE INVESTMENT (UK) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 5 APRIL 2023

5.


Debtors

2023
£


Amounts owed by group undertakings
544,664

Other debtors
441,178

Prepayments and accrued income
70,207

1,056,049



6.


Creditors: Amounts falling due within one year

2023
£

Amounts owed to group undertakings
9,182,808

Other creditors
2,653,733

Accruals and deferred income
29,604

11,866,145



7.


Creditors: Amounts falling due after more than one year

2023
£

Bank loan
4,900,000


The bank loan facility is secured by a fixed and floating charge over the assets of the company.


8.


Loans


Analysis of the maturity of loans is given below:


2023
£

Amounts falling due 2-5 years

Bank loans
4,900,000

Page 5

 
KELDAIRE INVESTMENT (UK) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 5 APRIL 2023

9.


Share capital

2023
£
Allotted, called up and fully paid


100 Ordinary shares of £1.00 each
100


On incorporation 100 Ordinary shares of £1 each were allotted and fully paid at par to provide initial working capital.

 
Page 6