Registered number: 10662751
LEOPARD UK KENSINGTON JV LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 DECEMBER 2023
|
LEOPARD UK KENSINGTON JV LIMITED
REGISTERED NUMBER: 10662751
STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debtors: amounts falling due within one year
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Creditors: amounts falling due within one year
|
|
|
|
|
|
|
|
|
|
|
|
Total assets less current liabilities
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
LEOPARD UK KENSINGTON JV LIMITED
REGISTERED NUMBER: 10662751
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023
The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 2 September 2024.
................................................
Derrick Beare
|
|
The notes on pages 5 to 7 form part of these financial statements.
|
LEOPARD UK KENSINGTON JV LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2023
|
|
|
|
|
|
|
|
|
|
|
|
Comprehensive income for the year
|
|
|
|
|
|
|
|
Other comprehensive income for the year
|
|
|
|
Total comprehensive income for the year
|
|
|
|
Total transactions with owners
|
|
|
|
|
|
|
|
|
|
|
|
|
The notes on pages 5 to 7 form part of these financial statements.
|
|
LEOPARD UK KENSINGTON JV LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2022
|
|
|
|
|
|
|
|
|
|
|
|
Comprehensive income for the year
|
|
|
|
|
|
|
|
Other comprehensive income for the year
|
|
|
|
Total comprehensive income for the year
|
|
|
|
Total transactions with owners
|
|
|
|
|
|
|
|
|
|
|
|
|
The notes on pages 5 to 7 form part of these financial statements.
|
|
LEOPARD UK KENSINGTON JV LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Leopard UK Kensington JV Limited is a private company limited by shares and is incorporated in England
and Wales. The address of its registered office is 124 City Road, London, EC1V 2NX.
The principal activity of the Company during the year was to act as an investment holding company.
2.Accounting policies
|
|
Basis of preparation of financial statements
|
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The following principal accounting policies have been applied:
Following the successful conclusion of the company's activities, the directors intend to carry out an
orderly wind down and proceed to a winding-up.
Interest income is recognised in profit or loss using the effective interest method.
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
Investments in subsidiaries are measured at cost less accumulated impairment.
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
|
|
Cash and cash equivalents
|
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
|
LEOPARD UK KENSINGTON JV LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
|
The Company has no employees other than the directors, who did not receive any remuneration (2022 - £NIL).
|
|
|
Investments in subsidiary companies
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
During the year, the Company sold its shareholding in Leopard UK Kensington Propco Limited.
|
|
|
|
|
|
Amounts owed by group undertakings
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
LEOPARD UK KENSINGTON JV LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
|
Creditors: Amounts falling due within one year
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amounts owed to group undertakings
|
|
|
|
Accruals and deferred income
|
|
|
|
|
|
|
|
|
|
|
|
|
Allotted, called up and partly paid
|
|
|
|
|
|
|
|
|
|
100 (2022 - 100) Ordinary shares of £1.00 each
|
|
|
|
Related party transactions
|
|
The Company has taken advantage of the exemptions provided by "Financial Reporting Standard 102"
not to disclose transactions with the entities wholly owned within the group.The Company has not entered into any material transactions with related parties that have not been conducted under normal market conditions.
|
|
Post balance sheet events
|
During the year, a Debenture made between the immediate parent company, Leopard Guernsey Kensington Holdco Limited (the "Chargor") and AW Rootstock Limited was exercised over 51% of the shares in the Company. From 6 April 2023, the Receivers appointed by AW Rootstock have full control over the shares. subsequent to the year end, on 21 February 2024 AW Rootstock, revoked the appointment of Receivers.
The immediate parent company of the Company, which owns 100% of its issued share capital, is Leopard
Guernsey Kensington Holdco Limited, a company incorporated in Guernsey.
During the year, a Debenture made between the immediate parent company, Leopard Guernsey Kensington Holdco Limited (the "Chargor") and AW Rootstock Limited was exercised over 51% of the shares in the Company. From 6 April 2023, the Receivers appointed by AW Rootstock have full control over the shares. As stated in note 10, subsequent to the year end, AW Rootstock, revoked the appointment of Receivers.
|
|