Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312022-12-11falseProperty development4truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 14535149 2022-12-10 14535149 2022-12-11 2023-12-31 14535149 2021-12-11 2022-12-10 14535149 2023-12-31 14535149 c:Director1 2022-12-11 2023-12-31 14535149 c:Director2 2022-12-11 2023-12-31 14535149 d:CurrentFinancialInstruments 2023-12-31 14535149 d:Non-currentFinancialInstruments 2023-12-31 14535149 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 14535149 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 14535149 d:ShareCapital 2022-12-11 2023-12-31 14535149 d:ShareCapital 2023-12-31 14535149 d:RetainedEarningsAccumulatedLosses 2022-12-11 2023-12-31 14535149 d:RetainedEarningsAccumulatedLosses 2023-12-31 14535149 c:OrdinaryShareClass1 2022-12-11 2023-12-31 14535149 c:OrdinaryShareClass1 2023-12-31 14535149 c:OrdinaryShareClass2 2022-12-11 2023-12-31 14535149 c:OrdinaryShareClass2 2023-12-31 14535149 c:OrdinaryShareClass3 2022-12-11 2023-12-31 14535149 c:OrdinaryShareClass3 2023-12-31 14535149 c:OrdinaryShareClass4 2022-12-11 2023-12-31 14535149 c:OrdinaryShareClass4 2023-12-31 14535149 c:FRS102 2022-12-11 2023-12-31 14535149 c:AuditExemptWithAccountantsReport 2022-12-11 2023-12-31 14535149 c:FullAccounts 2022-12-11 2023-12-31 14535149 c:PrivateLimitedCompanyLtd 2022-12-11 2023-12-31 14535149 2 2022-12-11 2023-12-31 14535149 6 2022-12-11 2023-12-31 14535149 e:PoundSterling 2022-12-11 2023-12-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 14535149













KBL BW LAND LIMITED
UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2023


 
KBL BW LAND LIMITED
 

 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF KBL BW LAND 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 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 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 Limited and state those matters that we have agreed to state to the Board of Directors of KBL BW Land 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 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 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 loss of KBL BW Land Limited. You consider that KBL BW Land 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 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 LIMITED
REGISTERED NUMBER:14535149


STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
Note
£

Fixed assets
  

Investments
 4 
2

  
2

Current assets
  

Debtors: amounts falling due within one year
 5 
72,757,227

  
72,757,227

Creditors: amounts falling due within one year
 6 
(520,623)

Net current assets
  
 
 
72,236,604

Total assets less current liabilities
  
72,236,606

Creditors: amounts falling due after more than one year
  
(72,238,069)

  

Net (liabilities)/assets
  
(1,463)


Capital and reserves
  

Called up share capital 
 8 
200

Profit and loss account
  
(1,663)

  
(1,463)


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 financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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
Page 2


 
KBL BW LAND LIMITED
REGISTERED NUMBER:14535149

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

Director
Director


Date: 12 September 2024

The notes on pages 5 to 8 form part of these financial statements.

Page 3


 
KBL BW LAND 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

Loss for the period
-
(1,663)
(1,663)
Total comprehensive income for the period
-
(1,663)
(1,663)


Contributions by and distributions to owners

Shares issued during the period
300
-
300

Shares cancelled during the period
(100)
-
(100)


Total transactions with owners
200
-
200


At 31 December 2023
200
(1,663)
(1,463)

The notes on pages 5 to 8 form part of these financial statements.

Page 4


 
KBL BW LAND LIMITED
 

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

1.


General information

KBL BWH Limited is a company registered in England No 14533149 at 4th Floor, 3 Burlington Gardens, London W1S 3EP. It's principal activity is that of an intermediate holding company.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.3

Finance costs

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.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

 
2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.6

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.

 
2.7

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.

Page 5


 
KBL BW LAND LIMITED
 

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

3.


Employees

The average monthly number of employees, including directors, during the period was 4.


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


Additions
2



At 31 December 2023
2





5.


Debtors

2023
£


Amounts owed by group undertakings
72,697,543

Other debtors
59,484

Called up share capital not paid
200

72,757,227



6.


Creditors: Amounts falling due within one year

2023
£

Trade creditors
286,834

Other creditors
134,527

Accruals and deferred income
99,262

520,623


Page 6


 
KBL BW LAND LIMITED
 

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

7.


Creditors: Amounts falling due after more than one year

2023
£

Debentures loans
68,492,590

Other loans
3,745,479

72,238,069


The following liabilities were secured:

2023
£



Debentures loans
68,492,590

Details of security provided:

The above amounts are secured by way of a legal charge over the shares in the company's subsidiary undertakings together with the freehold properties owned by them.


8.


Share capital

2023
£
Allotted, called up and fully paid


100 A Ordinary shares of £1.00 each
100
45 B Ordinary shares of £1.00 each
45
45 C Ordinary shares of £1.00 each
45
10 D Ordinary shares of £1.00 each
10

200


One A Ordinary share was issued on incorporation.
During the period three new share classes were created, B Ordinary, C Ordinary and D Ordinary shares.
A shares, B shares, C shares and D shares were then issued with respective values of £99, £45, £45 and £10 to bring the total value of shares in issue to £200.

Page 7


 
KBL BW LAND LIMITED
 

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

9.


Related party transactions

Balances with related parties were:

2023
£

Debtor balances


KBL BW Land I Limited
64,640,150

KBL BW Land II Limited
8,057,393

72,697,543

2023
£

Creditor balances


BW Holdco Limited
3,745,479

Kogan Bellamy Lloyd Limited
134,525

3,880,004

All the above entities are related through common directorships.


10.


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 8