Company Registration No. 3534389 (England and Wales)
KINGSWOOD (UK) LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
PAGES FOR FILING WITH REGISTRAR
Affinia
The Maltings
Rosemary Lane
Halstead
Essex
CO9 1HZ
KINGSWOOD (UK) LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
KINGSWOOD (UK) LIMITED
BALANCE SHEET
AS AT
31 AUGUST 2024
31 August 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investments
3
500
500
Current assets
Debtors
4
1,000
1,000
Creditors: amounts falling due within one year
5
(500)
(500)
Net current assets
500
500
Net assets
1,000
1,000
Capital and reserves
Called up share capital
1,000
1,000
For the financial year ended 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have 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 Companies Act 2006 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.
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved and signed by the director and authorised for issue on 29 May 2025
Mr J D N Ciclitira
Director
Company registration number 3534389 (England and Wales)
KINGSWOOD (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
- 2 -
1
Accounting policies
Company information
Kingswood (UK) Limited is a private company limited by shares incorporated in England and Wales. The registered office is Capitol House, 60-62 Leman Street, London, England, E1 8EU.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
1.2
Fixed asset investments
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
3
Fixed asset investments
2024
2023
£
£
Loans to group undertakings and participating interests
500
500
KINGSWOOD (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 3 -
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
1,000
1,000
5
Creditors: amounts falling due within one year
2024
2023
£
£
Amounts owed to group undertakings
500
500
6
Related party transactions
George Harker (UK) Limited
A company related by virtue of J D N Ciclitira's shareholding
At the year end, Kingswood (UK) Limited was owed an amount of £500 by the company (2023: £500) in respect of an interest free loan.There are no fixed terms for repayment.
Demos Ciclitira Limited
At the year end, Demos Ciclitira Limited owed Kingswood UK Limited an amount of £1,000 (2023: £1,000).
7
Parent company
The company's immediate and ultimate parent undertaking is Demos Ciclitira Limited, a company registered in England and Wales. The company considers Mr J D N Ciclitira to be its ultimate controlling party by virtue of his shareholdings in the parent undertaking.