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REGISTERED NUMBER: 09301904 (England and Wales)















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: Ms S L Cartledge



REGISTERED OFFICE: Roppeleghs
West End Lane
Haslemere
Surrey
GU27 2EN



REGISTERED NUMBER: 09301904 (England and Wales)



BANKERS: Rothschild & Co Bank International
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 6,766,441 7,381,945

CURRENT ASSETS
Debtors 5 2,111,218 469,870
Cash at bank and in hand 400,649 1,431,621
2,511,867 1,901,491
CREDITORS
Amounts falling due within one year 6 522,081 772,571
NET CURRENT ASSETS 1,989,786 1,128,920
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,756,227

8,510,865

PROVISIONS FOR LIABILITIES 269,842 224,998
NET ASSETS 8,486,385 8,285,867

CAPITAL AND RESERVES
Called up share capital 1,008,001 1,008,001
Share premium 7,992,000 7,992,000
Retained earnings (513,616 ) (714,134 )
8,486,385 8,285,867

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

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


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 director and authorised for issue on 30 August 2024 and were signed by:





Ms S L Cartledge - Director


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 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 as modified by the revaluation of certain assets.

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 7,381,945
Additions 1,077,352
Disposals (1,890,543 )
Share of profit/(loss) (141,081 )
Revaluations 338,768
At 30 November 2023 6,766,441
NET BOOK VALUE
At 30 November 2023 6,766,441
At 30 November 2022 7,381,945

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 2,111,218 469,870

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 - 303,089
Taxation and social security 67,877 25,468
Other creditors 454,204 444,014
522,081 772,571

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.