IRIS Accounts Production v24.1.0.578 13344352 Board of Directors 1.1.22 31.12.22 31.12.22 21.3.2024 0 0 false true false false true false Auditors Opinion Ordinary A 1.00000 Ordinary B 1.00000 1.00000 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh133443522021-12-31133443522022-12-31133443522022-01-012022-12-31133443522021-04-18133443522021-04-192021-12-31133443522021-12-3113344352ns15:EnglandWales2022-01-012022-12-3113344352ns14:PoundSterling2022-01-012022-12-3113344352ns10:Director12022-01-012022-12-3113344352ns10:PrivateLimitedCompanyLtd2022-01-012022-12-3113344352ns10:SmallEntities2022-01-012022-12-3113344352ns10:Audited2022-01-012022-12-3113344352ns10:SmallCompaniesRegimeForDirectorsReport2022-01-012022-12-3113344352ns10:SmallCompaniesRegimeForAccounts2022-01-012022-12-3113344352ns10:FullAccounts2022-01-012022-12-3113344352ns10:OrdinaryShareClass12022-01-012022-12-3113344352ns10:OrdinaryShareClass22022-01-012022-12-3113344352ns10:OrdinaryShareClass112022-01-012022-12-31133443522ns10:OrdinaryShareClass22022-01-012022-12-3113344352ns10:Director22022-01-012022-12-3113344352ns10:Director32022-01-012022-12-3113344352ns10:CompanySecretary12022-01-012022-12-3113344352ns10:RegisteredOffice2022-01-012022-12-3113344352ns5:Non-currentFinancialInstruments2022-12-3113344352ns5:Non-currentFinancialInstruments2021-12-3113344352ns5:CurrentFinancialInstruments2022-12-3113344352ns5:CurrentFinancialInstruments2021-12-3113344352ns5:ShareCapital2022-12-3113344352ns5:ShareCapital2021-12-3113344352ns5:RetainedEarningsAccumulatedLosses2022-12-3113344352ns5:RetainedEarningsAccumulatedLosses2021-12-3113344352ns5:CostValuation2021-12-3113344352ns5:AdditionsToInvestments2022-12-3113344352ns5:CostValuation2022-12-3113344352ns10:OrdinaryShareClass12022-12-3113344352ns10:OrdinaryShareClass22022-12-3113344352ns5:RetainedEarningsAccumulatedLosses2021-12-3113344352ns5:RetainedEarningsAccumulatedLosses2022-01-012022-12-31
REGISTERED NUMBER: 13344352 (England and Wales)

















KWHOUSING INVESTMENTS LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022






KWHOUSING INVESTMENTS LTD (REGISTERED NUMBER: 13344352)






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 INVESTMENTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2022







DIRECTORS: E J Andrews
S E Law
Ms I Stamate-Rocha





SECRETARY: Broughton Secretaries Limited





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





REGISTERED NUMBER: 13344352 (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 INVESTMENTS LTD (REGISTERED NUMBER: 13344352)

BALANCE SHEET
31 DECEMBER 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Investments 4 102 100

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

5

8,276,498

2,107,680

CREDITORS
Amounts falling due within one year 6 8,730 4,230
NET CURRENT ASSETS 8,267,768 2,103,450
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,267,870

2,103,550

CREDITORS
Amounts falling due after more than one year 7 6,586,958 1,713,713
NET ASSETS 1,680,912 389,837

CAPITAL AND RESERVES
Called up share capital 8 2,116,666 510,360
Retained earnings 9 (435,754 ) (120,523 )
SHAREHOLDERS' FUNDS 1,680,912 389,837

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:





E J Andrews - Director


KWHOUSING INVESTMENTS LTD (REGISTERED NUMBER: 13344352)

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

1. STATUTORY INFORMATION

KWHousing Investments 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 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 INVESTMENTS LTD (REGISTERED NUMBER: 13344352)

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 100
Additions 2
At 31 December 2022 102
NET BOOK VALUE
At 31 December 2022 102
At 31 December 2021 100

5. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Amounts owed by group undertakings 8,276,498 2,107,680

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Other creditors 3,330 3,330
Accrued expenses 5,400 900
8,730 4,230

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Amounts owed to group undertakings 6,586,958 1,713,713

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
2,010,833 Ordinary A £1 2,010,833 484,842
105,833 Ordinary B £1 105,833 25,518
2,116,666 510,360

The following shares were allotted and fully paid for cash at par during the year:

1,525,991 Ordinary A shares of £1 each
80,315 Ordinary B shares of £1 each

9. RESERVES
Retained
earnings
£   

At 1 January 2022 (120,523 )
Deficit for the year (315,231 )
At 31 December 2022 (435,754 )

KWHOUSING INVESTMENTS LTD (REGISTERED NUMBER: 13344352)

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

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

11. RELATED PARTY DISCLOSURES

1)The company owed its parent £6,586,957 at the balance sheet date (2021 - £1,713,713). This loan bears interest at 10% per annum and, save in the instance of a breach in the terms of the loan agreement, is due to be repaid by 23 April 2031.

2)The company was owed £8,276,498 by its subsidiaries at the balance sheet date (2021 - £2,107,680). These loans are interest-free with no set repayment terms.