Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false2022-12-124trueDevelopment of building projects0truefalse 14535203 2022-12-11 14535203 2022-12-12 2023-12-31 14535203 2021-12-12 2022-12-11 14535203 2023-12-31 14535203 c:Director1 2022-12-12 2023-12-31 14535203 c:Director2 2022-12-12 2023-12-31 14535203 d:Buildings 2022-12-12 2023-12-31 14535203 d:Buildings 2023-12-31 14535203 d:LandBuildings 2023-12-31 14535203 d:CurrentFinancialInstruments 2023-12-31 14535203 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 14535203 d:ShareCapital 2022-12-12 2023-12-31 14535203 d:ShareCapital 2023-12-31 14535203 d:RetainedEarningsAccumulatedLosses 2022-12-12 2023-12-31 14535203 d:RetainedEarningsAccumulatedLosses 2023-12-31 14535203 c:OrdinaryShareClass1 2022-12-12 2023-12-31 14535203 c:OrdinaryShareClass1 2023-12-31 14535203 c:FRS102 2022-12-12 2023-12-31 14535203 c:AuditExemptWithAccountantsReport 2022-12-12 2023-12-31 14535203 c:FullAccounts 2022-12-12 2023-12-31 14535203 c:PrivateLimitedCompanyLtd 2022-12-12 2023-12-31 14535203 e:PoundSterling 2022-12-12 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 14535203













KBL BW LAND I LIMITED
UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2023


 
KBL BW LAND I LIMITED
 

 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF KBL BW LAND I LIMITED
FOR THE PERIOD ENDED 31 DECEMBER 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of KBL BW Land I Limited for the period ended 31 December 2023 which comprise  the Statement of Financial Position, the Statement of Changes in Equity and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of Directors of KBL BW Land I Limited, as a body, in accordance with the terms of our engagement letter dated 15 August 2024Our work has been undertaken solely to prepare for your approval the financial statements of KBL BW Land I Limited and state those matters that we have agreed to state to the Board of Directors of KBL BW Land I Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than KBL BW Land I Limited and its Board of Directors, as a body, for our work or for this report. 

It is your duty to ensure that KBL BW Land I Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of KBL BW Land I Limited. You consider that KBL BW Land I Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or review of the financial statements of KBL BW Land I Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Warrener Stewart
 
Harwood House
43 Harwood Road
London
SW6 4QP
12 September 2024
Page 1


 
KBL BW LAND I LIMITED
REGISTERED NUMBER:14535203


STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
Note
£

Fixed assets
  

Tangible assets
 4 
64,638,847

  
64,638,847

Current assets
  

Debtors: amounts falling due within one year
 5 
23,119

  
23,119

Creditors: amounts falling due within one year
 6 
(64,648,737)

Net current (liabilities)/assets
  
 
 
(64,625,618)

  

Net assets
  
13,229


Capital and reserves
  

Called up share capital 
 7 
1

Profit and loss account
  
13,228

  
13,229


The directors consider 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 period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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 by: 




M J Bellamy
B D Lloyd
Director
Director


Date: 12 September 2024

Page 2


 
KBL BW LAND I LIMITED
REGISTERED NUMBER:14535203

    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

The notes on pages 5 to 9 form part of these financial statements.

Page 3


 
KBL BW LAND I LIMITED
 


STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 DECEMBER 2023


Called up share capital
Profit and loss account
Total equity

£
£
£


Comprehensive income for the period

Profit for the period
-
13,228
13,228
Total comprehensive income for the period
-
13,228
13,228


Contributions by and distributions to owners

Shares issued during the period
1
-
1


Total transactions with owners
1
-
1


At 31 December 2023
1
13,228
13,229

The notes on pages 5 to 9 form part of these financial statements.

Page 4


 
KBL BW LAND I LIMITED
 

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

1.


General information

KBL BW Land I Limited is a company registered in England No 14535203 at 4th Floor, 3 Burlington Gardens, London W1S 3EP. It's principal activity is that of development of building projects.

2.Accounting policies

 
2.1

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Page 5


 
KBL BW LAND I LIMITED
 

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

2.Accounting policies (continued)

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

No depreciation is provided on freehold land.


 
2.5

Debtors

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.

 
2.6

Creditors

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.


3.


Employees

The average monthly number of employees, including the directors, during the period was as follows:


        2023
            No.






Directors
4

Page 6


 
KBL BW LAND I LIMITED
 

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

4.


Tangible fixed assets





Freehold land and buildings under development

£



Cost or valuation


Additions
64,638,847



At 31 December 2023

64,638,847






Net book value



At 31 December 2023
64,638,847

No depreciation has been provided as the land and associated buildings are under development.




The net book value of land and buildings may be further analysed as follows:


2023
£

Freehold
64,638,847

64,638,847



5.


Debtors

2023
£


Trade debtors
23,118

Other debtors
1

23,119


Page 7


 
KBL BW LAND I LIMITED
 

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

6.


Creditors: Amounts falling due within one year

2023
£

Trade creditors
652

Amounts owed to group undertakings
64,640,150

Corporation tax
4,037

Other taxation and social security
1,898

Accruals and deferred income
2,000

64,648,737


The following liabilities were secured:

2023
£



Amounts owed to group undertakings
64,640,150

Details of security provided:

The above amount represents amounts advanced via the company's parent undertaking.  The primary lender has taken security over the company's shares and its freehold property.

Page 8


 
KBL BW LAND I LIMITED
 

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

7.


Share capital

2023
£
Allotted, called up and fully paid


1 Ordinary share of £1.00
1


One subscriber share was issued on incorporation.


8.


Related party transactions

Balances and transactions with related parties were:

2023
£

Creditor balances


KBL BW Land Limited
64,640,150

KBL BW Land Limited is the company's immediate parent undertaking.


9.


Controlling party

The company is under the joint control of Kogan Bellamy Lloyd Limited and Lenrose Capital Partners Limited, both of which are registered in England.

 
Page 9