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Company Registration No. 00401133 (England and Wales)
KWF Investments Co. Ltd Unaudited accounts for the year ended 31 March 2024
KWF Investments Co. Ltd Unaudited accounts Contents
Page
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KWF Investments Co. Ltd Company Information for the year ended 31 March 2024
Directors
Mr B J Peake Mrs S H Peake
Secretary
Mrs S H Peake
Company Number
00401133 (England and Wales)
Registered Office
Unit D, The Foundry Yard London Road Kings Worthy Winchester Hampshire SO23 7QG
Accountants
Continuity Finance 95 Brownhill Road Chandlers Ford Eastleigh Hampshire SO53 2FH
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KWF Investments Co. Ltd Accountants' report
Accountants' report to the board of directors of KWF Investments Co. Ltd (the company)
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 31 March 2024.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the balance sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give "a true and fair view".
You have determined that the company is exempt from the statutory requirement for an audit for the year ended 31 March 2024. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
Continuity Finance 95 Brownhill Road Chandlers Ford Eastleigh Hampshire SO53 2FH 21 September 2024
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KWF Investments Co. Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
9,010 
11,249 
Investment property
1,380,000 
1,340,000 
1,389,010 
1,351,249 
Current assets
Debtors
101,409 
125,274 
Cash at bank and in hand
554,700 
519,581 
656,109 
644,855 
Creditors: amounts falling due within one year
(21,256)
(27,127)
Net current assets
634,853 
617,728 
Total assets less current liabilities
2,023,863 
1,968,977 
Provisions for liabilities
Deferred tax
(76,268)
(69,093)
Net assets
1,947,595 
1,899,884 
Capital and reserves
Called up share capital
4,826 
4,826 
Fair value reserve
588,832 
556,432 
Capital redemption reserve
4,676 
4,676 
Profit and loss account
1,349,261 
1,333,950 
Shareholders' funds
1,947,595 
1,899,884 
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 20 September 2024 and were signed on its behalf by
Mr B J Peake Director Company Registration No. 00401133
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KWF Investments Co. Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
KWF Investments Co. Ltd is a private company, limited by shares, registered in England and Wales, registration number 00401133. The registered office is Unit D, The Foundry Yard London Road, Kings Worthy, Winchester, Hampshire, SO23 7QG.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% on cost and 12.5% on cost
Computer equipment
20% on cost
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Taxation
Taxation fore year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that t relates to items recognised in other comprehensive income or directly in equity. Current tax assets and liabilities are not discounted. Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the Statement of Financial Position date.
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KWF Investments Co. Ltd Notes to the Accounts for the year ended 31 March 2024
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2023
8,160 
6,323 
2,754 
17,237 
Additions
- 
389 
- 
389 
Disposals
- 
(285)
- 
(285)
At 31 March 2024
8,160 
6,427 
2,754 
17,341 
Depreciation
At 1 April 2023
896 
4,372 
720 
5,988 
Charge for the year
1,632 
445 
551 
2,628 
On disposals
- 
(285)
- 
(285)
At 31 March 2024
2,528 
4,532 
1,271 
8,331 
Net book value
At 31 March 2024
5,632 
1,895 
1,483 
9,010 
At 31 March 2023
7,264 
1,951 
2,034 
11,249 
5
Investment property
2024 
£ 
Fair value at 1 April 2023
1,340,000 
Net gain from fair value adjustments
40,000 
At 31 March 2024
1,380,000 
Included in fair value of investment property is freehold land property of £1,380,000 which is not depreciated. The directors have considered the market value of the properties and as at 31 March 2024 the fair value is represented by: £94,949 Valuation in 2018 £496,306 Valuation in 2020 £40,000 Valuation in 2024 £748,745 Cost
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KWF Investments Co. Ltd Notes to the Accounts for the year ended 31 March 2024
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
4,304 
6,077 
Accrued income and prepayments
5,105 
6,197 
Other debtors
92,000 
113,000 
101,409 
125,274 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
4,419 
4,640 
Trade creditors
308 
392 
Taxes and social security
5,495 
9,061 
Other creditors
2,551 
2,527 
Accruals
8,483 
10,507 
21,256 
27,127 
8
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
1,712 
2,137 
Revaluation of investment property
74,556 
66,956 
76,268 
69,093 
2024 
2023 
£ 
£ 
Provision at start of year
69,093 
67,659 
Charged to the profit and loss account
7,175 
1,434 
Provision at end of year
76,268 
69,093 
9
Transactions with related parties
Kingsworthy Foundry Company Limited Included within other debtors is an amount owed by Kingsworthy Foundry Company Limited of £76,000 (2023: £76,000) for the sale of the trade, together with a working capital loan with a balance of £37,000 (2023: £37,000). Kingsworthy Foundry Company Limited is a company owned by the son of the shareholders of KWF Investments Co. Ltd. The loans are provided interest free.
10
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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