2022-12-16 14544921 2023-12-31 14544921 2022-12-16 2023-12-31 14544921 uk-core:WithinOneYear 2023-12-31 14544921 uk-core:ShareCapital 2023-12-31 14544921 uk-core:InvestmentPropertiesRevaluationReserve 2023-12-31 14544921 uk-core:RetainedEarningsAccumulatedLosses 2023-12-31 14544921 uk-bus:Director1 2022-12-16 2023-12-31 14544921 uk-core:FurnitureFittings 2022-12-16 2023-12-31 iso4217:GBP xbrli:pure 14544921 uk-bus:AuditExempt-NoAccountantsReport 2022-12-16 2023-12-31 14544921 uk-bus:FRS102 2022-12-16 2023-12-31 14544921 uk-bus:FilletedAccounts 2022-12-16 2023-12-31 14544921 uk-bus:PrivateLimitedCompanyLtd 2022-12-16 2023-12-31
KITEOW LIMITED
Registered Number:14544921
For the period ended 31 December 2023
England and Wales
Unaudited Financial Statements
2
For the period ended 31 December 2023
KITEOW LIMITED
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
14544921
As at 31 December 2023
KITEOW LIMITED
Statement of Financial Position
£
2023
Notes
Fixed assets
Property, plant and equipment
20,808
2
3
1,125,000
Investment property
1,145,808
Current assets
Trade and other receivables
100
4
100
Trade and other payables: amounts falling due within one
year
(913,029)
5
(912,929)
Net current liabilities
Total assets less current liabilities
232,879
(63,047)
Provisions for liabilities
169,832
Net assets/liabilities
Capital and reserves
Called up share capital
100
Fair value reserve
189,142
Retained earnings
(19,410)
169,832
Shareholders' funds
For the period ended 31 December 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
A Kiteow Director
These financial statements were approved and authorised for issue by the Board on 21 August 2024 and were signed by:
The notes form part of these financial statements
1 of 3
4
For the period ended 31 December 2023
KITEOW LIMITED
Notes to the Financial Statements
Statutory Information
KITEOW LIMITED is a private limited company, limited by shares, domiciled in England and Wales, registration
number 14544921.
Registered address:
38-52 ACCURIST HOUSE
LONDON
W1U 7AL
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
25% Straight line
Furniture and Fittings
Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
2. Property, plant and equipment
Furniture and
Fittings
£
Cost or
valuation
20,808
Additions
At 31 December 2023
20,808
At 31 December 2023
Net book value
20,808
2 of 3
5
For the period ended 31 December 2023
KITEOW LIMITED
Notes to the Financial Statements Continued
3. Investment property
Total
£
Fair value
Additions
872,811
Fair value adjustments
252,189
At 31 December 2023
1,125,000
Net book value
At 31 December 2023
1,125,000
4. Trade and other receivables
2023
£
Other debtors
100
5. Trade and other payables: amounts falling due within one year
2023
£
Amounts owed to group undertaking and undertaking in which the
company has a participating interest
912,249
Taxation and social security
780
913,029
6. Average number of persons employed
During the year the average number of employees was 1
3 of 3