REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 30 November 2023 |
for |
KITTIWAKE INVESTMENTS LTD |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 30 November 2023 |
for |
KITTIWAKE INVESTMENTS LTD |
KITTIWAKE INVESTMENTS LTD (REGISTERED NUMBER: 09301904) |
Contents of the Financial Statements |
for the Year Ended 30 November 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
KITTIWAKE INVESTMENTS LTD |
Company Information |
for the Year Ended 30 November 2023 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
BANKERS: |
Limited |
St Julian's Court |
St Peter Port |
Guernsey GY1 3BP |
KITTIWAKE INVESTMENTS LTD (REGISTERED NUMBER: 09301904) |
Balance Sheet |
30 November 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Share premium |
Retained earnings | ( |
) | ( |
) |
The director acknowledges her 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. |
KITTIWAKE INVESTMENTS LTD (REGISTERED NUMBER: 09301904) |
Balance Sheet - continued |
30 November 2023 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
KITTIWAKE INVESTMENTS LTD (REGISTERED NUMBER: 09301904) |
Notes to the Financial Statements |
for the Year Ended 30 November 2023 |
1. | STATUTORY INFORMATION |
Kittiwake Investments Ltd is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Significant judgements and estimates |
The company's financial assets comprise loans to third parties at commercial rates of interest. Such balances are reviewed for impairment when objective evidence indicates that they may not be recoverable. to date no such impairments have been noted. It is possible that future events could lead to such impairment, in which case the company may not recover all fo the amount shown as due in these financial statements. |
Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-en exchange rates or monetary assets and liabilities denominated in foreign currencies are recognised in profit and loss except when deferred in other comprehensive income as qualifying cash flow hedges. |
Fixed assets investments |
Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2022 - NIL). |
KITTIWAKE INVESTMENTS LTD (REGISTERED NUMBER: 09301904) |
Notes to the Financial Statements - continued |
for the Year Ended 30 November 2023 |
4. | FIXED ASSET INVESTMENTS |
Other |
investments |
£ |
COST OR VALUATION |
At 1 December 2022 |
Additions |
Disposals | ( |
) |
Share of profit/(loss) | (141,081 | ) |
Revaluations |
At 30 November 2023 |
NET BOOK VALUE |
At 30 November 2023 |
At 30 November 2022 |
Cost or valuation at 30 November 2023 is represented by: |
Other |
investments |
£ |
Valuation in 2023 | 6,766,441 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Other debtors |
All other debtors are initially recognised at transaction value, as all bear interest at commercial rates. Therefore, other debtors are reviewed for impairment where there is objective evidence based on observable data that the balance may be impaired. |
The company does not hold collateral against its other receivables so its exposure to credit risk is the balance of other debtors noted above. |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Bank loans and overdrafts |
Taxation and social security |
Other creditors |
The bank loan was subject to interest at 2% per annum and was repaid in the year. |
7. | RELATED PARTY DISCLOSURES |
Interest free loans to shareholders totalling £1,943,123 were repaid on 30th August 2024. |