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Company registration number: 00480444
Kingwood Launches Limited
Unaudited filleted financial statements
31 March 2024
Kingwood Launches Limited
Contents
Directors and other information
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Kingwood Launches Limited
Directors and other information
Director Mr A Maynard
Secretary P R Ludwig
Company number 00480444
Registered office Westminster Pier
Victoria Embankment
London
SW1A 2JH
Kingwood Launches Limited
Statement of financial position
31 March 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 4 100,000 100,000
_______ _______
100,000 100,000
Creditors: amounts falling due
within one year 5 ( 91,661) ( 91,661)
_______ _______
Net current liabilities ( 91,661) ( 91,661)
_______ _______
Total assets less current liabilities 8,339 8,339
_______ _______
Net assets 8,339 8,339
_______ _______
Capital and reserves
Called up share capital 10,000 10,000
Special reserve 100,000 100,000
Profit and loss account ( 101,661) ( 101,661)
_______ _______
Shareholder funds 8,339 8,339
_______ _______
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.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 24 October 2024 , and are signed on behalf of the board by:
Mr A Maynard
Director
Company registration number: 00480444
Kingwood Launches Limited
Statement of changes in equity
Year ended 31 March 2024
Called up share capital Special reserve Profit and loss account Total
£ £ £ £
At 1 April 2022 10,000 100,000 ( 101,661) 8,339
Profit for the year - -
_______ _______ _______ _______
Total comprehensive income for the year - - - -
_______ _______ _______ _______
At 31 March 2023 and 1 April 2023 10,000 100,000 ( 101,661) 8,339
Profit for the year - -
_______ _______ _______ _______
Total comprehensive income for the year - - - -
_______ _______ _______ _______
At 31 March 2024 10,000 100,000 ( 101,661) 8,339
_______ _______ _______ _______
Kingwood Launches Limited
Notes to the financial statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Westminster Pier, Victoria Embankment, London, SW1A 2JH.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
No provision for deferred taxation has been provided for in the financial statements, due to the amount not being material.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery - Nil %
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Tangible assets
Plant and machinery Total
£ £
Cost
At 1 April 2023 and 31 March 2024 100,000 100,000
_______ _______
Depreciation
At 1 April 2023 and 31 March 2024 - -
_______ _______
Carrying amount
At 31 March 2024 100,000 100,000
_______ _______
At 31 March 2023 100,000 100,000
_______ _______
5. Creditors: amounts falling due within one year
2024 2023
£ £
Amounts owed to group undertakings and undertakings in which the company has a participating interest 91,661 91,661
_______ _______
6. Controlling party
The reporting entity is controlled by Thames River Cruises Limited, who owns 100% of the issued share capital. The ultimate controlling parties of the reporting entity are Westminster Party Boats Limited, Crown River Cruises Limited and Campion Launches Limited.