IRIS Accounts Production v24.3.0.553 09696033 Board of Directors 1.1.23 31.12.23 31.12.23 0 0 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh096960332022-12-31096960332023-12-31096960332023-01-012023-12-31096960332021-12-31096960332022-01-012022-12-31096960332022-12-3109696033ns15:EnglandWales2023-01-012023-12-3109696033ns14:PoundSterling2023-01-012023-12-3109696033ns10:Director12023-01-012023-12-3109696033ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3109696033ns10:SmallEntities2023-01-012023-12-3109696033ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3109696033ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3109696033ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3109696033ns10:FullAccounts2023-01-012023-12-3109696033ns10:OrdinaryShareClass12023-01-012023-12-3109696033ns10:Director22023-01-012023-12-3109696033ns10:RegisteredOffice2023-01-012023-12-3109696033ns5:CurrentFinancialInstruments2023-12-3109696033ns5:CurrentFinancialInstruments2022-12-3109696033ns5:Non-currentFinancialInstruments2023-12-3109696033ns5:Non-currentFinancialInstruments2022-12-3109696033ns5:ShareCapital2023-12-3109696033ns5:ShareCapital2022-12-3109696033ns5:FurtherSpecificReserve1ComponentTotalEquity2023-12-3109696033ns5:FurtherSpecificReserve1ComponentTotalEquity2022-12-3109696033ns5:RetainedEarningsAccumulatedLosses2023-12-3109696033ns5:RetainedEarningsAccumulatedLosses2022-12-3109696033ns5:PlantMachinery2023-01-012023-12-3109696033ns5:PlantMachinery2022-12-3109696033ns5:PlantMachinery2023-12-3109696033ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3109696033ns5:WithinOneYearns5:CurrentFinancialInstruments2022-12-3109696033ns5:DeferredTaxation2022-12-3109696033ns5:DeferredTaxation2023-01-012023-12-3109696033ns5:DeferredTaxation2023-12-3109696033ns10:OrdinaryShareClass12023-12-3109696033ns5:RetainedEarningsAccumulatedLosses2022-12-3109696033ns5:FurtherSpecificReserve1ComponentTotalEquity2022-12-3109696033ns5:RetainedEarningsAccumulatedLosses2023-01-012023-12-31
REGISTERED NUMBER: 09696033 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

The Kwall Limited

The Kwall Limited (Registered number: 09696033)

Contents of the Financial Statements
for the Year Ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The Kwall Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: A Klein
Mrs L Klein





REGISTERED OFFICE: 122 Kyverdale Road
London
N16 6PR





REGISTERED NUMBER: 09696033 (England and Wales)





ACCOUNTANTS: Martin+Heller
5 North End Road
London
NW11 7RJ

The Kwall Limited (Registered number: 09696033)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 5,344,290 4,080,000
5,344,290 4,080,000

CURRENT ASSETS
Debtors 6 82,120 73,812
Cash at bank 26,076 5,335
108,196 79,147
CREDITORS
Amounts falling due within one year 7 2,024,764 1,606,275
NET CURRENT LIABILITIES (1,916,568 ) (1,527,128 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,427,722

2,552,872

CREDITORS
Amounts falling due after more than one
year

8

(2,605,280

)

(1,768,741

)

PROVISIONS FOR LIABILITIES 9 (106,553 ) (106,141 )
NET ASSETS 715,889 677,990

CAPITAL AND RESERVES
Called up share capital 10 1 1
Non distributable reserves 11 499,097 499,509
Retained earnings 11 216,791 178,480
SHAREHOLDERS' FUNDS 715,889 677,990

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The Kwall Limited (Registered number: 09696033)

Balance Sheet - continued
31 December 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 January 2025 and were signed on its behalf by:





A Klein - Director


The Kwall Limited (Registered number: 09696033)

Notes to the Financial Statements
for the Year Ended 31 December 2023


1. STATUTORY INFORMATION

The Kwall Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents rents received.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 January 2023
and 31 December 2023 12,157
DEPRECIATION
At 1 January 2023
and 31 December 2023 12,157
NET BOOK VALUE
At 31 December 2023 -

The Kwall Limited (Registered number: 09696033)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


5. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 January 2023 4,080,000
Additions 1,264,290
At 31 December 2023 5,344,290
NET BOOK VALUE
At 31 December 2023 5,344,290
At 31 December 2022 4,080,000

Fair value at 31 December 2023 is represented by:
£
Valuation in 2018 60,321
Valuation in 2019 42,817
Valuation in 2021 9,478
Valuation in 2022 493,033
Cost 4,738,641
5,344,290

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£ £
Trade debtors 13,142 8,334
Other debtors 68,978 65,478
82,120 73,812

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£ £
Bank loans and overdrafts 165,355 121,474
Trade creditors (1,998 ) 4,512
Taxation and social security 34,855 38,187
Other creditors 1,826,552 1,442,102
2,024,764 1,606,275

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£ £
Bank loans 2,605,280 1,768,741

The Kwall Limited (Registered number: 09696033)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.12.23 31.12.22
£ £
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,958,753 1,292,263

9. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
£ £
Deferred tax 106,553 106,141

Deferred tax
£
Balance at 1 January 2023 106,141
Provided during year 412
Balance at 31 December 2023 106,553

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £ £
1 Ordinary £1 1 1

11. RESERVES
Non
Retained distributable
earnings reserves Totals
£ £ £

At 1 January 2023 178,480 499,509 677,989
Profit for the year 37,899 37,899
Deferred tax 412 (412 ) -
At 31 December 2023 216,791 499,097 715,888