REGISTERED NUMBER: 07407347 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

KIWI DEVELOPMENT LIMITED

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

3,994

2,797

CURRENT ASSETS

Debtors: amounts falling due within one year

5

123,008

25,358

Cash at bank

75,768

139,749

198,776

165,107

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

6

(190,030

)

(152,992

)

NET CURRENT ASSETS

8,746

12,115

TOTAL ASSETS LESS CURRENT LIABILITIES

12,740

14,912

ACCRUALS AND DEFERRED INCOME

(7,828

)

(7,000

)

NET ASSETS

4,912

7,912

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

4,911

7,911

4,912

7,912

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 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 10 September 2025 and were signed on its behalf by:

A Ojjeh - Director

1.	STATUTORY INFORMATION

Kiwi Development Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

07407347

Registered office:

11 Upper Grosvenor Street

London

W1K 2NB

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.

Income recognition

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

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

-

33% on cost

Financial instruments

The company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Contract revenue recognition

Profits on contracts are accounted for as work in progress, Unless a more conservative approach is necessary, the profit accounted for on each individual contract is the appropriate portion of the lower of profit earned to date and the forecast to completion. Full provision is made for all known or expected losses on completion immediately such losses are forecast on each contract.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 January 2024

16,420

Additions

3,266

At 31 December 2024

19,686

DEPRECIATION

At 1 January 2024

13,623

Charge for year

2,069

At 31 December 2024

15,692

NET BOOK VALUE

At 31 December 2024

3,994

At 31 December 2023

2,797

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Amounts recoverable on contract

109,812

1,951

Other debtors

13,196

23,407

123,008

25,358

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Trade creditors

190,030

136,798

Taxation and social security

-

1,977

Other creditors

-

14,217

190,030

152,992