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REGISTERED NUMBER: 13344624 (England and Wales)

















KWHOUSING HOLDINGS LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022






KWHOUSING HOLDINGS LTD (REGISTERED NUMBER: 13344624)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


KWHOUSING HOLDINGS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2022







DIRECTORS: S E Law
Ms I Stamate-Rocha





SECRETARY: Broughton Secretaries Limited





REGISTERED OFFICE: 54 Portland Place
London
United Kingdom
W1B 1DY





REGISTERED NUMBER: 13344624 (England and Wales)





AUDITORS: Keelings Limited
Statutory Auditors, Chartered Tax Advisers
and Chartered Certified Accountants
Broad House
1 The Broadway
Old Hatfield
Hertfordshire
AL9 5BG

KWHOUSING HOLDINGS LTD (REGISTERED NUMBER: 13344624)

BALANCE SHEET
31 DECEMBER 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Investments 4 100 100

CURRENT ASSETS
Debtors: amounts falling due after more than one
year

5

2,011,232

1,735,735
Cash at bank 22,399 370,206
2,033,631 2,105,941
CREDITORS
Amounts falling due within one year 6 3,899 901
NET CURRENT ASSETS 2,029,732 2,105,040
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,029,832

2,105,140

CREDITORS
Amounts falling due after more than one year 7 2,035,373 2,107,680
NET LIABILITIES (5,541 ) (2,540 )

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 (5,641 ) (2,640 )
SHAREHOLDERS' FUNDS (5,541 ) (2,540 )

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 21 March 2024 and were signed on its behalf by:





Ms I Stamate-Rocha - Director


KWHOUSING HOLDINGS LTD (REGISTERED NUMBER: 13344624)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1. STATUTORY INFORMATION

KWHousing Holdings Ltd 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.

Going concern
The parent of the company's parent has undertaken to provide the company with such financial support as it may need for at least the twelve months after these accounts are approved and so the directors have prepared these accounts on the going concern basis.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reports. The estimates and judgments are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. However, actual results may differ from those anticipated.

In preparing these financial statements, the directors have exercised judgement principally in evaluating the recoverabilty of debtors.

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

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 NIL (2021 - NIL).

KWHOUSING HOLDINGS LTD (REGISTERED NUMBER: 13344624)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2022
and 31 December 2022 100
NET BOOK VALUE
At 31 December 2022 100
At 31 December 2021 100

5. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Amounts owed by group undertakings 2,011,232 1,735,735

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Accrued expenses 3,899 901

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Amounts owed to group undertakings 2,035,373 2,107,680

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Retained
earnings
£   

At 1 January 2022 (2,640 )
Deficit for the year (3,001 )
At 31 December 2022 (5,641 )

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Domenico Maurello (Senior Statutory Auditor)
for and on behalf of Keelings Limited

KWHOUSING HOLDINGS LTD (REGISTERED NUMBER: 13344624)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

11. RELATED PARTY DISCLOSURES

The company owed its parent £2,015,115 (2021 - £2,107,680) at the balance sheet date. This loan is interest-free with no repayment terms in place, save that the parent has confirmed that it will not seek repayment within one year of the balance sheet date.
The company was owed £1,994,007 (2021 - £1,735,735) by its subsidiary at the balance sheet date. This loan is interest-free with no repayment terms in place.