Silverfin false false 31/12/2023 01/01/2023 31/12/2023 A Barnett 25/11/2016 P Burden 21/12/2016 R J Parker 21/12/2016 C J Stewart 25/11/2016 24 September 2024 The principal activity of the Company during the financial year was a holding company. 10496601 2023-12-31 10496601 bus:Director1 2023-12-31 10496601 bus:Director2 2023-12-31 10496601 bus:Director3 2023-12-31 10496601 bus:Director4 2023-12-31 10496601 2022-12-31 10496601 core:CurrentFinancialInstruments 2023-12-31 10496601 core:CurrentFinancialInstruments 2022-12-31 10496601 core:ShareCapital 2023-12-31 10496601 core:ShareCapital 2022-12-31 10496601 core:RetainedEarningsAccumulatedLosses 2023-12-31 10496601 core:RetainedEarningsAccumulatedLosses 2022-12-31 10496601 core:CostValuation 2022-12-31 10496601 core:AdditionsToInvestments 2023-12-31 10496601 core:CostValuation 2023-12-31 10496601 2023-01-01 2023-12-31 10496601 bus:FilletedAccounts 2023-01-01 2023-12-31 10496601 bus:SmallEntities 2023-01-01 2023-12-31 10496601 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 10496601 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 10496601 bus:Director1 2023-01-01 2023-12-31 10496601 bus:Director2 2023-01-01 2023-12-31 10496601 bus:Director3 2023-01-01 2023-12-31 10496601 bus:Director4 2023-01-01 2023-12-31 10496601 2022-01-01 2022-12-31 iso4217:GBP xbrli:pure

Company No: 10496601 (England and Wales)

KIWI HOLDINGS LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2023
Pages for filing with the registrar

KIWI HOLDINGS LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2023

Contents

KIWI HOLDINGS LIMITED

BALANCE SHEET

As at 31 December 2023
KIWI HOLDINGS LIMITED

BALANCE SHEET (continued)

As at 31 December 2023
Note 2023 2022
£ £
Fixed assets
Investments 3 2,557,441 2,256,763
2,557,441 2,256,763
Current assets
Debtors 4 192,153 390,746
Cash at bank and in hand 504,327 584,494
696,480 975,240
Creditors: amounts falling due within one year 5 ( 134,437) ( 132,096)
Net current assets 562,043 843,144
Total assets less current liabilities 3,119,484 3,099,907
Net assets 3,119,484 3,099,907
Capital and reserves
Called-up share capital 100 100
Profit and loss account 3,119,384 3,099,807
Total shareholders' funds 3,119,484 3,099,907

For the financial year ending 31 December 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Kiwi Holdings Limited (registered number: 10496601) were approved and authorised for issue by the Board of Directors on 24 September 2024. They were signed on its behalf by:

P Burden
Director
KIWI HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
KIWI HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Kiwi Holdings Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Building 307 Aviation Park West, Bournemouth Airport, Christchurch, BH23 6NW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption in section 399 of the Companies Act 2006 not to prepare consolidated accounts, because the group it heads qualifies as small. The financial statements present information about the Company as an individual entity only.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

Revenue from services is recognised as they are delivered.

Dividend income

Dividend income is recognised when the company's right to receive payment has been established.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 4 4

3. Fixed asset investments

Investments in subsidiaries

2023
£
Cost
At 01 January 2023 2,256,763
Additions 300,678
At 31 December 2023 2,557,441
Carrying value at 31 December 2023 2,557,441
Carrying value at 31 December 2022 2,256,763

4. Debtors

2023 2022
£ £
Trade debtors 110,578 116,256
Amounts owed by Group undertakings 74,500 267,072
Other debtors 7,075 7,418
192,153 390,746

5. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 9,636 4,087
Amounts owed to Group undertakings 2 1
Other taxation and social security 72,739 76,246
Other creditors 52,060 51,762
134,437 132,096

6. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

2023 2022
£ £
between one and five years 119,217 0