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REGISTERED NUMBER: 07274644 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

KIWE 1 LIMITED

KIWE 1 LIMITED (REGISTERED NUMBER: 07274644)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


KIWE 1 LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: Mrs S Crook



REGISTERED OFFICE: 7 St John's Road,
Harrow
Middlesex
HA12EY



REGISTERED NUMBER: 07274644 (England and Wales)



ACCOUNTANTS: Macalvins Limited
Chartered Accountants
7 St John's Road
Harrow
Middlesex
HA1 2EY



BANKERS: Natwest Bank
209 Lower Addiscombe road
Croydon
depot code 190
CR0 6RB

KIWE 1 LIMITED (REGISTERED NUMBER: 07274644)

BALANCE SHEET
30 JUNE 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,266 3,649
2,266 3,649

CURRENT ASSETS
Debtors 6 3,617 12,244
Cash at bank and in hand 10,918 9,268
14,535 21,512
CREDITORS
Amounts falling due within one year 7 12,617 13,202
NET CURRENT ASSETS 1,918 8,310
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,184

11,959

CREDITORS
Amounts falling due after more than one year 8 7,403 12,473
NET LIABILITIES (3,219 ) (514 )

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings (13,219 ) (10,514 )
SHAREHOLDERS' FUNDS (3,219 ) (514 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 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 director and authorised for issue on 28 March 2025 and were signed by:





Mrs S Crook - Director


KIWE 1 LIMITED (REGISTERED NUMBER: 07274644)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Kiwe 1 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Going concern
The financial statements have been prepared on a going concern basis, notwithstanding the net liabilities at balance sheet date. The director of the company has provided the company with an undertaking that it will continue to support the company financially for the foreseeable future and in the twelve months from the date of signing the financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of 20 years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost

Financial instruments
Financial assets and financial liabilities are recognised in the Company’s balance sheet when the Company becomes a party to the contractual provisions of the instrument.

Loans and borrowings
Loans and borrowings are measured initially at fair value, net of transaction costs, and are measured
subsequently at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 35,000
AMORTISATION
At 1 July 2023
and 30 June 2024 35,000
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

KIWE 1 LIMITED (REGISTERED NUMBER: 07274644)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 July 2023
and 30 June 2024 10,067
DEPRECIATION
At 1 July 2023 6,418
Charge for year 1,383
At 30 June 2024 7,801
NET BOOK VALUE
At 30 June 2024 2,266
At 30 June 2023 3,649

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 2,030 2,972
Other debtors 1,587 9,272
3,617 12,244

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 5,487 4,945
Trade creditors 94 2,182
Corporation Tax payable 96 1,655
Other creditors 1,600 1,300
Accruals and deferred income 5,340 3,120
12,617 13,202

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans - 1-2 years 7,403 5,070
Bank Loans due after more than
5 years - 7,403
7,403 12,473

Amounts falling due in more than five years:

Repayable by instalments
Bank Loans due after more than
5 years - 7,403
- 7,403

KIWE 1 LIMITED (REGISTERED NUMBER: 07274644)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

9. RELATED PARTY DISCLOSURES

Included in other debtors, as at 30 June 2024, the director owed £1,587 (2023:£6,953) to the company in respect of an interest free loan which is repayable on demand.

During the year, total dividends of £2,000 (2023: £1,000) were paid to the director.

10. ULTIMATE CONTROLLING PARTY

The company is controlled by the director by virtue of her holding of 100% of the ordinary share capital.