Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31false2023-01-01No description of principal activitytrue34trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12382168 2023-01-01 2023-12-31 12382168 2022-01-01 2022-12-31 12382168 2023-12-31 12382168 2022-12-31 12382168 c:Director2 2023-01-01 2023-12-31 12382168 d:CurrentFinancialInstruments 2023-12-31 12382168 d:CurrentFinancialInstruments 2022-12-31 12382168 d:Non-currentFinancialInstruments 2023-12-31 12382168 d:Non-currentFinancialInstruments 2022-12-31 12382168 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 12382168 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 12382168 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 12382168 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 12382168 d:ShareCapital 2023-12-31 12382168 d:ShareCapital 2022-12-31 12382168 d:RetainedEarningsAccumulatedLosses 2023-12-31 12382168 d:RetainedEarningsAccumulatedLosses 2022-12-31 12382168 c:FRS102 2023-01-01 2023-12-31 12382168 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 12382168 c:FullAccounts 2023-01-01 2023-12-31 12382168 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 12382168 6 2023-01-01 2023-12-31 12382168 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 12382168









KINGWELL (KEYHAVEN) LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
KINGWELL (KEYHAVEN) LIMITED
REGISTERED NUMBER: 12382168

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
16,388,220
16,388,220

  
16,388,220
16,388,220

Current assets
  

Debtors: amounts falling due within one year
 5 
108
-

Cash at bank and in hand
 6 
864
2,818

  
972
2,818

Creditors: amounts falling due within one year
 7 
(483,712)
(276,429)

Net current liabilities
  
 
 
(482,740)
 
 
(273,611)

Total assets less current liabilities
  
15,905,480
16,114,609

Creditors: amounts falling due after more than one year
 8 
(9,689,488)
(9,669,488)

  

Net assets
  
6,215,992
6,445,121


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
6,215,991
6,445,120

  
6,215,992
6,445,121


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 year 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.
 
Page 1

 
KINGWELL (KEYHAVEN) LIMITED
REGISTERED NUMBER: 12382168
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023


The Company has opted not to file the statement of income and retained earnings 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 18 September 2024.




Alistair James Hugh Emery
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
KINGWELL (KEYHAVEN) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Kingwell (Keyhaven) Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is Calder & Co, 30 Orange Street, London, WC2H 7HF.

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 judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

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.

 
2.3

Borrowing costs

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

 
2.4

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.

 
2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.6

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.7

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

Page 3

 
KINGWELL (KEYHAVEN) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.8

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured net of transaction costs.

 
2.9

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of income and retained earnings.
Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


3.


Employees




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


        2023
        2022
            No.
            No.







Directors
3
4


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2023
16,388,220



At 31 December 2023
16,388,220




Page 4

 
KINGWELL (KEYHAVEN) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Debtors

2023
2022
£
£


Prepayments
108
-

108
-



6.


Cash

2023
2022
£
£

Cash at bank
864
2,818

864
2,818



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

KH IV Lending 102 Sarl (Interest) Loan
369,471
188,455

Kingwell Capital Partners LP (Interest) Loan
110,771
84,549

Trade creditors
60
1,875

Accruals
3,410
1,550

483,712
276,429


Page 5

 
KINGWELL (KEYHAVEN) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Coutts & Company Loan
5,790,995
5,790,995

Kingwell Asset Investments LLP Loan
1,826,106
1,806,106

Kingwell Capital Partners LP (Capital) Loan
262,228
262,228

KH IV Lending 102 Sarl (Capital) Loan
1,810,159
1,810,159

9,689,488
9,669,488


The company has a loan with Coutts & Company which is on an interest only basis. Interest is charged at commercial rates.
The loan from Kingwell Asset Investments LLP is interest free.
The company has a number of other loans from related parties as detailed above. These attract interest at a rate of 10% per annum.
The company has a fixed and floating charge with Coutts & Company Limited over all its assets dated 29 June 2020.

 
Page 6