Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31true2true2023-04-01false2The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 08748573 2023-04-01 2024-03-31 08748573 2022-04-01 2023-03-31 08748573 2024-03-31 08748573 2023-03-31 08748573 c:Director1 2023-04-01 2024-03-31 08748573 d:OfficeEquipment 2023-04-01 2024-03-31 08748573 d:OfficeEquipment 2024-03-31 08748573 d:OfficeEquipment 2023-03-31 08748573 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 08748573 d:CurrentFinancialInstruments 2024-03-31 08748573 d:CurrentFinancialInstruments 2023-03-31 08748573 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 08748573 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 08748573 d:ShareCapital 2024-03-31 08748573 d:ShareCapital 2023-03-31 08748573 d:RetainedEarningsAccumulatedLosses 2024-03-31 08748573 d:RetainedEarningsAccumulatedLosses 2023-03-31 08748573 c:FRS102 2023-04-01 2024-03-31 08748573 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 08748573 c:FullAccounts 2023-04-01 2024-03-31 08748573 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08748573 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 08748573










KITEWINDER PROPERTIES LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

 
KITEWINDER PROPERTIES LIMITED
 

CONTENTS



Page
Balance sheet
 
1
Notes to the financial statements
 
2 - 5

 
KITEWINDER PROPERTIES LIMITED
REGISTERED NUMBER: 08748573

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
-
383

Current assets
  

Stocks
  
502,306
388,992

Debtors: amounts falling due within one year
 5 
908,567
17,959

Cash at bank and in hand
  
29,987
680,889

  
1,440,860
1,087,840

Creditors: amounts falling due within one year
 6 
(571,210)
(469,385)

Net current assets
  
 
 
869,650
 
 
618,455

  

Net assets
  
869,650
618,838


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
869,649
618,837

  
869,650
618,838


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 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 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 5 November 2024.


Mr P.G.R. Smith
Director

The notes on pages 2 to 5 form part of these financial statements.
Page 1

 
KITEWINDER PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Kitewinder Properties Limited (the Company) is a private company limited by shares, incorporated and domiciled in England. The address of its registered office is Milestone House, Shallowford Court, Henley in Arden, Warwickshire, B95 5BY, which is also the address of its principal place of business.

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

Revenue

Turnover is the total amount receivable by the company for properties and leases sold during the year and are recognised on completion.
Rental income is recognised on a receivable basis.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
33.33% straight line basis

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Stocks

Stocks are stated at the lower of cost and net realisable value and consists of properties. 

 
2.5

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.

Page 2

 
KITEWINDER PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.6

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

 
2.7

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.

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders.

 
2.9

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 balance sheet date in the countries where the Company operates and generates income.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 3

 
KITEWINDER PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Office equipment

£



Cost


At 1 April 2023
10,541



At 31 March 2024

10,541



Depreciation


At 1 April 2023
10,158


Charge for the year on owned assets
383



At 31 March 2024

10,541



Net book value



At 31 March 2024
-



At 31 March 2023
383


5.


Debtors

2024
2023
£
£


Amounts owed by related company
900,500
500

Other debtors
8,067
17,459

908,567
17,959



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Amounts owed to group undertakings
442,581
442,581

Corporation tax
123,675
21,850

Accruals and deferred income
4,954
4,954

571,210
469,385


Page 4

 
KITEWINDER PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Ultimate parent undertaking

The company is a wholly owned subsidiary of Kitewinder Property Holdings Limited, a company registered in England and Wales.

 
Page 5