Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-3102024-01-01No description of principal activityfalse0truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10662751 2024-01-01 2024-12-31 10662751 2023-01-01 2023-12-31 10662751 2024-12-31 10662751 2023-12-31 10662751 c:Director1 2024-01-01 2024-12-31 10662751 d:CurrentFinancialInstruments 2024-12-31 10662751 d:CurrentFinancialInstruments 2023-12-31 10662751 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 10662751 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 10662751 d:ShareCapital 2024-12-31 10662751 d:ShareCapital 2023-12-31 10662751 d:RetainedEarningsAccumulatedLosses 2024-12-31 10662751 d:RetainedEarningsAccumulatedLosses 2023-12-31 10662751 c:OrdinaryShareClass1 2024-01-01 2024-12-31 10662751 c:OrdinaryShareClass1 2024-12-31 10662751 c:OrdinaryShareClass1 2023-12-31 10662751 c:FRS102 2024-01-01 2024-12-31 10662751 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 10662751 c:FullAccounts 2024-01-01 2024-12-31 10662751 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 10662751 2 2024-01-01 2024-12-31 10662751 6 2024-01-01 2024-12-31 10662751 e:PoundSterling 2024-01-01 2024-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 10662751









LEOPARD UK KENSINGTON JV LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
LEOPARD UK KENSINGTON JV LIMITED
REGISTERED NUMBER: 10662751

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
100
1,269,843

Cash at bank and in hand
  
-
277

  
100
1,270,120

Creditors: amounts falling due within one year
 6 
-
(81,387,160)

Net current assets/(liabilities)
  
 
 
100
 
 
(80,117,040)

Total assets less current liabilities
  
100
(80,117,040)

  

Net assets/(liabilities)
  
100
(80,117,040)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
-
(80,117,140)

  
100
(80,117,040)


Page 1

 
LEOPARD UK KENSINGTON JV LIMITED
REGISTERED NUMBER: 10662751
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2024

The director considers 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 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.

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 comprehensive income 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 2 June 2025.




................................................
Derrick Beare
Director

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
LEOPARD UK KENSINGTON JV LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Leopard UK Kensington JV Limited is a private company limited by shares and is incorporated in England
and Wales. The address of its registered office is  Regina House, 124, Finchley Road, London, NW3 5JS. 

The principal activity of the Company during the year was to act as an investment holding company.

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

Going concern

Following the successful conclusion of the company's activities, the directors intend to carry out an
 orderly wind down and proceed to a winding-up.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.6

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.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 3

 
LEOPARD UK KENSINGTON JV LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.8

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.


3.


Employees




The Company has no employees other than the directors, who did not receive any remuneration (2023 - £NIL).

The average monthly number of employees, including directors, during the year was 0 (2023 - 0).


4.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
100
102

Other debtors
-
1,269,741

100
1,269,843



5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
-
277

-
277



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
-
1,201,460

Amounts owed to group undertakings
-
80,183,100

Accruals and deferred income
-
2,600

-
81,387,160


Page 4

 
LEOPARD UK KENSINGTON JV LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100



8.


Related party transactions

The Company has taken advantage of the exemptions provided by "Financial Reporting Standard 102" not to disclose transactions with the entities wholly owned within the group.The Company has not entered into any material transactions with related parties that have not been conducted under normal market conditions.
 


9.


Controlling party

The immediate parent company of the Company, which owns 100% of its issued share capital, is Leopard
Guernsey Kensington Holdco Limited, a company incorporated in Guernsey.                                           
During 2023, a Debenture made between the immediate parent company, Leopard Guernsey Kensington Holdco Limited (the "Chargor") and AW Rootstock Limited was exercised over 51% of the shares in the Company. From 6 April 2023, the Receivers appointed by AW Rootstock have full control over the shares. However, on 21 February 2024, AW Rootstock formally revoked the appointment of the Receivers.

 
Page 5