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REGISTERED NUMBER: 07407347 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

KIWI DEVELOPMENT LIMITED

KIWI DEVELOPMENT LIMITED (REGISTERED NUMBER: 07407347)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


KIWI DEVELOPMENT LIMITED (REGISTERED NUMBER: 07407347)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £ £
FIXED ASSETS
Tangible assets 4 2,797 3,883

CURRENT ASSETS
Debtors: amounts falling due within one year 5 25,358 3,974
Cash at bank 139,749 173,117
165,107 177,091
CREDITORS: AMOUNTS FALLING DUE
WITHIN ONE YEAR

6

(152,992

)

(134,587

)
NET CURRENT ASSETS 12,115 42,504
TOTAL ASSETS LESS CURRENT
LIABILITIES

14,912

46,387

ACCRUALS AND DEFERRED INCOME (7,000 ) (5,939 )
NET ASSETS 7,912 40,448

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 7,911 40,447
7,912 40,448

KIWI DEVELOPMENT LIMITED (REGISTERED NUMBER: 07407347)

BALANCE SHEET - continued
31 DECEMBER 2023


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 12 August 2024 and were signed on its behalf by:





A Ojjeh - Director


KIWI DEVELOPMENT LIMITED (REGISTERED NUMBER: 07407347)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Kiwi Development 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: 07407347

Registered office: 11 Upper Grosvenor Street
London
W1K 2NB

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.

Income recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 33% on cost

Financial instruments
The company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

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.

Contract revenue recognition
Profits on contracts are accounted for as work in progress, Unless a more conservative approach is necessary, the profit accounted for on each individual contract is the appropriate portion of the lower of profit earned to date and the forecast to completion. Full provision is made for all known or expected losses on completion immediately such losses are forecast on each contract.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

KIWI DEVELOPMENT LIMITED (REGISTERED NUMBER: 07407347)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£
COST
At 1 January 2023 15,356
Additions 1,064
At 31 December 2023 16,420
DEPRECIATION
At 1 January 2023 11,473
Charge for year 2,150
At 31 December 2023 13,623
NET BOOK VALUE
At 31 December 2023 2,797
At 31 December 2022 3,883

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Amounts recoverable on contract 1,951 -
Other debtors 23,407 3,974
25,358 3,974

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade creditors 136,798 50,668
Taxation and social security 1,977 823
Other creditors 14,217 83,096
152,992 134,587