Company Registration No. 10536495 (England and Wales)
KIWISCAR LIMITED
Unaudited accounts
for the year ended 31 March 2025
KIWISCAR LIMITED
Unaudited accounts
Contents
KIWISCAR LIMITED
Company Information
for the year ended 31 March 2025
Directors
Paul Marshall
Tracey Marshall
Company Number
10536495 (England and Wales)
Registered Office
17 LINFIELD LANE ASHINGTON
PULBOROUGH
RH20 3GH
UNITED KINGDOM
KIWISCAR LIMITED
Statement of financial position
as at 31 March 2025
Tangible assets
4,037
5,382
Investment property
1,168,357
1,168,357
Investments
2,378,602
2,350,000
Cash at bank and in hand
94,844
133,112
Creditors: amounts falling due within one year
(6,466)
(2,390)
Net current assets
89,382
132,338
Total assets less current liabilities
3,640,378
3,656,077
Provisions for liabilities
Deferred tax
(10,741)
(10,741)
Net assets
3,629,637
3,645,336
Called up share capital
1
1
Profit and loss account
3,629,636
3,645,335
Shareholders' funds
3,629,637
3,645,336
For the year ending 31 March 2025 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 15 September 2025 and were signed on its behalf by
Paul Marshall
Director
Company Registration No. 10536495
KIWISCAR LIMITED
Notes to the Accounts
for the year ended 31 March 2025
KIWISCAR LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10536495. The registered office is 17 LINFIELD LANE ASHINGTON, PULBOROUGH, RH20 3GH, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Revenue (shown as Turnover) is the income received during the year by way of consultancy fees together with interest, dividends and rental income from investments held.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold. Depreciation is not charged.
Fixed Asset Investments in unlisted companies are not revalued but shown at cost less impairment as their value cannot be reliably measured.
Deferred tax has been provided in respect of taxation deferred by timing differences (including fair value adjustments) between the treatment of certain items for taxation and accounting purposes except where losses are available to set against the future tax liability. A deferred tax asset is only recognised to the extent that it is recoverable. Deferred tax is measured using the tax rate that is expected to apply in the periods in which the timing differences are expected to reverse.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% straight line
KIWISCAR LIMITED
Notes to the Accounts
for the year ended 31 March 2025
4
Tangible fixed assets
Fixtures & fittings
Fair value at 1 April 2024
1,168,357
At 31 March 2025
1,168,357
The investment property is included in the balance in accordance with the directors' opinion of its fair value.
In accordance with FRS 102 Section 1A, the movement between original cost and fair value of the company’s investment property has been recognised in equity. A gross increase of £56,532 has been recognised in the year, with a related deferred tax provision of £10,742. The net amount of £45,790 represents a non-distributable element of the company’s reserves.
6
Investments
Other investments
Valuation at 1 April 2024
2,350,000
Valuation at 31 March 2025
2,378,602
Fixed asset investments consist of shares in unlisted companies.
These are shown at cost price as their value cannot be reliably measured.
However, the directors are of the opinion that no impairment in the value of these investments has taken place.
Amounts falling due within one year
KIWISCAR LIMITED
Notes to the Accounts
for the year ended 31 March 2025
8
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
585
-
Loans from directors
3,781
170
9
Deferred taxation
2025
2024
Revaluation of investment property
10,741
10,741
Provision at start of year
10,741
10,741
Provision at end of year
10,741
10,741
The deferred tax liability of £10,741 (2024: £10,741) relates to the revaluation of investment property. There has been no movement in the year.
10
Average number of employees
During the year the average number of employees was 1 (2024: 1).