REGISTERED NUMBER: 09696033 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

The Kwall Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A Klein

Mrs L Klein

REGISTERED OFFICE:

122 Kyverdale Road

London

N16 6PR

REGISTERED NUMBER:

09696033 (England and Wales)

ACCOUNTANTS:

London Accounting Group Ltd

5 North End Road

London

NW11 7RJ

FIXED ASSETS

Tangible assets

4

-

-

Investment property

5

6,730,759

5,344,290

6,730,759

5,344,290

CURRENT ASSETS

Debtors

6

177,840

82,120

Cash at bank

237,042

26,076

414,882

108,196

CREDITORS

Amounts falling due within one year

7

2,345,180

2,024,764

NET CURRENT LIABILITIES

(1,930,298

)

(1,916,568

)

TOTAL ASSETS LESS CURRENT LIABILITIES

4,800,461

3,427,722

CREDITORS

Amounts falling due after more than one year

8

(3,961,695

)

(2,605,280

)

PROVISIONS FOR LIABILITIES

9

(106,553

)

(106,553

)

NET ASSETS

732,213

715,889

CAPITAL AND RESERVES

Called up share capital

10

1

1

Non distributable reserves

11

499,097

499,097

Retained earnings

11

233,115

216,791

SHAREHOLDERS' FUNDS

732,213

715,889

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 18 September 2025 and were signed on its behalf by:

A Klein - Director

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 (2023 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

and 31 December 2024

12,157

DEPRECIATION

At 1 January 2024

and 31 December 2024

12,157

NET BOOK VALUE

At 31 December 2024

-

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

5,344,290

Additions

1,386,469

At 31 December 2024

6,730,759

NET BOOK VALUE

At 31 December 2024

6,730,759

At 31 December 2023

5,344,290

Fair value at 31 December 2024 is represented by:

£

Valuation in 2018

60,321

Valuation in 2019

42,817

Valuation in 2021

9,478

Valuation in 2022

493,033

Cost

6,125,110

6,730,759

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

19,004

13,142

Other debtors

158,836

68,978

177,840

82,120

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

247,374

165,355

Trade creditors

5,545

(1,998

)

Taxation and social security

35,509

34,855

Other creditors

2,056,752

1,826,552

2,345,180

2,024,764

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

3,961,695

2,605,280

31.12.24

31.12.23

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

2,992,563

1,958,753

9.	PROVISIONS FOR LIABILITIES

31.12.24

31.12.23

£

£

Deferred tax

106,553

106,553

Deferred tax

£

Balance at 1 January 2024

106,553

Balance at 31 December 2024

106,553

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

1

Ordinary

£1

1

1

11.

RESERVES

Non

Retained

distributable

earnings

reserves

Totals

£

£

£

At 1 January 2024

216,791

499,097

715,888

Profit for the year

16,324

16,324

At 31 December 2024

233,115

499,097

732,212