Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-3112023-01-01falseNo description of principal activity1falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 09917885 2023-01-01 2023-12-31 09917885 2022-01-01 2022-12-31 09917885 2023-12-31 09917885 2022-12-31 09917885 c:Director1 2023-01-01 2023-12-31 09917885 d:CurrentFinancialInstruments 2023-12-31 09917885 d:CurrentFinancialInstruments 2022-12-31 09917885 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 09917885 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 09917885 d:ShareCapital 2023-12-31 09917885 d:ShareCapital 2022-12-31 09917885 d:RetainedEarningsAccumulatedLosses 2023-12-31 09917885 d:RetainedEarningsAccumulatedLosses 2022-12-31 09917885 c:FRS102 2023-01-01 2023-12-31 09917885 c:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 09917885 c:FullAccounts 2023-01-01 2023-12-31 09917885 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09917885 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-01-01 2023-12-31 09917885 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-12-31 09917885 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2022-12-31 09917885 6 2023-01-01 2023-12-31 09917885 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 09917885









KUNENE HOLDINGS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
KUNENE HOLDINGS LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF KUNENE HOLDINGS LIMITED
FOR THE YEAR 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 Kunene Holdings Limited for the year ended 31 December 2023 which comprise  the Balance Sheet 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 director of Kunene Holdings Limited in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Kunene Holdings Limited and state those matters that we have agreed to state to the director of Kunene Holdings Limited 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 Kunene Holdings Limited and its director for our work or for this report. 

It is your duty to ensure that Kunene Holdings 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 Kunene Holdings Limited. You consider that Kunene Holdings Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Kunene Holdings 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.

  



MA Partners LLP
 
Chartered Accountants
  
7 The Close
Norwich
Norfolk
NR1 4DJ
25 September 2024
Page 1

 
KUNENE HOLDINGS LIMITED
REGISTERED NUMBER: 09917885

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 5 
39,252,486
39,252,486

  
39,252,486
39,252,486

Creditors: amounts falling due within one year
 6 
(3,110,868)
(3,109,788)

Net current assets
  
 
 
36,141,618
 
 
36,142,698

Total assets less current liabilities
  
36,141,618
36,142,698

  

Net assets
  
36,141,618
36,142,698


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
36,140,618
36,141,698

  
36,141,618
36,142,698


Page 2

 
KUNENE HOLDINGS LIMITED
REGISTERED NUMBER: 09917885
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The director considers 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 director acknowledges his 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 profit and loss account 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 25 September 2024.




Michael Harris
Director

The notes on pages 4 to 5 form part of these financial statements.

Page 3

 
KUNENE HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Kunene Holdings Limited is a private company limited by shares and is incorporated in England and Wales.
The address of its registered office is 7 The Close, Norwich, Norfolk, NR1 4DJ.

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

Valuation of investments

Investments in subsidiaries and joint venture companies are measured at cost less accumulated impairment.

 
2.3

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.

 
2.4

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 directors, during the year was 1 (2022 - 1).


4.


Fixed asset investments

Shares have been acquired in joint venture companies whereby 50% of the ordinary share capital is owned by Kunene Holdings Limited. Nil consideration was paid and the investment is shown at cost.





Page 4

 
KUNENE HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
39,251,486
39,251,486

Called up share capital not paid
1,000
1,000

39,252,486
39,252,486



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
1,501
1,381

Amounts owed to other participating interests
4,069
2,688

Other creditors
3,104,218
3,104,218

Accruals and deferred income
1,080
1,501

3,110,868
3,109,788



7.


Related party transactions

As at 31 December 2023 the Company was owed £39,251,486 by a group company (2022: £39,251,486).


8.


Controlling party

The parent undertaking of the company is Hogs Hollow Ltd. The ultimate controlling party of the company is Michael Harris by virtue of his shareholding in the ultimate parent company, Ubuntu Business Holdings Limited.

 
Page 5